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Asset Management System (AMS)
In accordance with ISO 55001, an AMS Is defined as: ______

The Asset Management System (AMS) is the collection of the various tools and techniques used to establish AM policy and AM objectives.

The AMS is a subset of AM.  

The AMS is not software but can include software if required to establish the policy and the objectives.  

Think of the AMS as the system that helps the organization determine what it wants to do and how it should do it.



Contents of the AMS
LIsted below are some of the key contents of an asset management system:


C.  Plans in the AMS
Listed are some of the key plans to be contemplated in the AMS.

      C1  Level Plans
      C2  Functional Plans
     C3  Time-frame Plans


D.  Procedures in the AMS
Listed below are some of the key procedures that are contemplated in an AMS

     D1  Financial procedures
  • Preparing a budget
  • etc.
      D2  Technical procedures

      D3  Administrative procedures
  • Conducting meetings
  • etc.


Attributes of the AMS
Listed below are some of the key attributes of an asset management system:

  • Aligned with corporate objectives
  • Flexible and scaled to the complexity of the organization

Evaluation of the AMS
The many benefits of implementing an asset management system in accordance with the requirements of ISO 55001
Fig. There are many benefits of implementing an Asset Management System (AMS) in accordance with the requirements of ISO 55001.



The relationship between Asset Management (AM) and the Asset Management System (AMS) within the organization.
Fig.  The relationship between Asset Management (AM) and the Asset Management System (AMS) within the organization..


Clearly defined roles, responsibilities and authorities are one of the signs of good leadership
Fig. Clearly defined roles, responsibilities and authorities are one of the signs of good leadership. In accordance with ISO 55000, these must be coupled with appropriate structures and relationships to establish the asset management system (AMS) within the organization.


The hierarchy of organizational purpose with plans represented as one of the layers
Fig. The hierarchy of organizational purpose with the plans representing one of the layers.

See also:


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