In the previous two articles we established the foundational mechanics of performance evaluation (Clause 9) and continual improvement (Clause 10) as they operate through Management Activity Group (MAG) #7 in the Asset Management (AM) Framework shown below.
These elements generate the insights and actions needed to understand and advance value delivery. However, value does not exist in isolation within a single process or activity. It emerges from the coordinated performance of four interconnected management domains (assets, the asset portfolio, asset management, and the asset management system).
This third article in the Value Generation and MAG #7 miniseries examines how MAG #7 evaluates and assures performance across these four domains. For each domain we will detail how MAG #7 ensures and assures the relationship of value, with particular attention to the practical realities of program execution and organizational capability development.
