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Asset Management system implementation framework model Establishes the key concepts and flow that are necessary for many important asset management related deliverables (link to value delivery)
Based upon the ISO 55000 management system for asset management
Organization’s Leadership and company policy and strategy sits atop and guides and validates the asset management system
Organization’s Strategic plan provides the linkages to and supports the commitment for developing, implementing and maintaining an asset management system.
Understanding the organizational context is critical to developing an asset management system that aligns to the organization strategic plan
A commitment to an developing, implementing and maintaining an asset management system is defined first with an written asset management policy The asset management policy is furthered with addition of an asset management strategy Asset management performance objectives are developed closing with the strategy to form the basis for developing the asset management plans
From policy to strategy to objectives flow supporting asset management capabilities. The capabilities are defined through key processes, procedures and knowledge that govern the asset lifecycle
The asset lifecycle is the critical concept that must be governed by the asset management system
Through a risk based asset management system that governs the asset lifecycle various deliverables are possible. These deliverable serve to extract value from the assets in various forms. This value deliverable can be either an holistic view on asset management through an ISO 55000 certification or through more tactical applications like mechanical integrity or process safety management. In all cases the deliverables are delveloped through a risk based approach with a focus on value.