Asset Management System Implementation - Foundational Principles
AMP Newsletter articles for the first four Asset Management System (AMS) Implementation Principles have been released. These principles are used to stress test implementation of ISO 55000/1 conforming asset management systems. They provide short-cut, objective insights to determine if your organization’s AMS will be able to accelerate value generation.
The four foundational AMS implementation principles are:
These foundational principles establish precepts for a complete and effective AMS. They can also be called first principles. They define basic requirements and needs for impactful asset management - that is generating value from through the organization’s assets.
Organizations can use these principles to evaluate the scope of the AMS. The Whole Life-Cycle Cost Analysis and Portfolio Management Principles frame scope requirements for assets covered by the AMS. The Data Integrity and Accounting Transparency Principles are used to ensure asset management decision making is credible.
The next series of AMS Implementation Principles will cover AMS operations.
You can learn more about disciplined asset management by visiting: https://assetmanagementpartnership.com/amp-newsletter
Written by: Jack Dempsey | August 13, 2024
AMP Newsletter #087
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3 个月Not a single Federal Government organization abides with the principles of?Data Integrity,Whole Life-Cycle Cost Analysis,?Portfolio Management, Accounting Transparency. nor have they for decades. What will change and when? I just do not see it happenning.