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Asset Management Roadmap
The strategy and/or plan for implementation of the suite of improvement initiatives that arise from a gap analysis.

Forms part of a change management plan.

A "roadmap" generally represents a portion of a "strategy". For example, an asset management strategy may be comprised of multiple roadmaps - each of which relates to a different element of the strategy: stakeholder roadmap, risk management roadmap.



Purpose of the Roadmap
Included below are some of the primary objectives of the roadmap.
  • To close the gaps identified in a Gap Analysis
  • To serve as part of the organization's change management plan
  • To set milestones along the journey for the organization
  • To help the organization achieve certification.


Components of the Roadmap
The roadmap contains the following key compoments:

  • The Asset Management Objectives - This idenfies the targets to be met by the initiatives and articulates the desired Future State (to-be)
  • The Scenario Analysis - this artifact identifies the most realistic scenario for the organization and sets the general parameters for the initiatives
  • The List of Improvement Initiatives - This provides a register of the initiatives.
  • Urgency and Level-of-Effort Matrix - This provides a form of sensitivity analysis to establsih which artificats have the best bang for their buck.
  • The Matrix of Improvement Initiatives - This identifies the interrelationships and interdependencies between the individual initiatives.
  • The Gantt/Schedule for the Initiatives - This identifies the milestones along the journey and the interdependencies between the different initiatives.
  • The RACI Team for the Initiatives - This identifies the individuals and deparments that are responsible for implementing the initiatives.
Some of the appendices to the roadmap may include:
  • The Current State Analysis
  • The Gap Analysis



Concepts
Listed below are some of the key concepts and principles in a roadmap:

  • Journey - the act of travelling from one place to another.
  • Timeline
  • Milestones


Process of Developing the Roadmap
Listed below are some of the key steps in developing the asset management roadmap.

    A. Before
  • Assemble the planning team with appropriate competencies
  • Confirm the mandate and budget of the planning team
  • Review the organization's policies and objectives
  • Determine the organizations existing maturity levels on sustainability: a) depth of the framework, b) integration into AMS
  • Review the PESTLE context
  • Conduct best practice research to determine the benchmarks to be used
  • Present the gaps in the form a multi-variate analysis, such as a radar chart
  • Establish the organization's maturity level based on the aggregation of the individual gap scores
    B. During
  • Conduct research into best practices
  • Determine the desired Future State (To-Be) - gaps to be closed, timeframes to close the gaps
    • Hold public consultations, as required
    • Hold facilitated workshops to elicit tacit knowledge from staff
  • Conduct the Scenario Analysis
  • Conduct the Sensitivity Analysis to see which initiatives carry the best bang for their buck
  • Formalize the desired future state in to clear objectives
  • Identify the asset class(es) to be considered in the plan
  • Develop the improvement initiatives to close the gaps identified by the gap analysis
  • Prepare the draft roadmap
  • Circulate the draft roadmap for review and comment
  • Approve the roadmap
    C.  After
  • Action the initiatives in the roadmap
  • Track and measure progress/performance of the individual initiatives and the roadmap generally
  • Review and update/refine the roadmap and/or individual improvement iinitiatives
  • Achieve conformity certification to demonstrate that the initiatives have been executed, the gaps have been filled and the maturity level has been lifted to the appropriate tier in the maturity framework

Self Assessment
  • How does a "roadmap" differ from a "strategy"?

The journey to asset management maturity may sometimes feel like a maze
Fig. The journey to asset management maturity may sometimes feel like a maze.


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Fig. The journey to asset management maturity may sometimes feel like a knot that needs to be untied.


The maturity spectrum of asset management where conformity to ISO 55001 is approximately mid-way along that spectrum
Fig. The maturity spectrum of asset management where conformity to ISO 55001 is approximately mid-way along that spectrum.


A gap analysis is a significant milestone on the journey towards ISO 55001 conformity assessment. Its all about "Where are we now?" relative to "Where do we want to be?" and "How much investment to get there?"
Fig. A gap analysis is a significant milestone on the journey towards ISO 55001 conformity assessment. Its all about "Where are we now?" relative to "Where do we want to be?" and "How much investment to get there?".


The many benefits of implementing an asset management system in accordance with the requirements of ISO 55001
Fig. There are many benefits to implementing an asset management system in accordance with the requirements of ISO 55001.



The three parts to ISO 55000, 55001 and 55002 - the international standard for asset managment
Fig. The three parts to ISO 55000, 55001 and 55002
- the international standard for asset managment.

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