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Environmental Context
One of the facets in the context of the organization.

Every organization must navigate its unique context, which will vary depending on several factors, including:
  • The type of organization (eg. services and/or products)
  • The sector in which the organization operates (eg. MUSH sector, industrial, residential, etc)
  • The geographical location in which the organization is situated
  • The jurisdiction in which the organization is located

Purpose
An understanding of the environmental context is necessary for the organization to determine value and establish appropriate:



Elements of the Environmental Context

       External Environmental Factors


      Internal Environmental Factors




Stakeholders in the Environmental Context

  • Energy Utility companies



Examples of "Knots" in the Environmentala Context
Listed below are some examples of problems in the environmental context of an organization:
  • Energy inefficient equipment


Process and Analysis of the Environmental Context
An understanding of the environmental context of an organization is derived from:
A PESTLE analysis can sometimes be supplemented with a SWOT Analysis. The following table provides an example of a correlation of the organization’s strengths, weaknesses, opportunities and threats.



Tools for the Environmental Context
Listed below are some of the tools to assist the asset management team with the management of the environmental context:
Every organization is influenced by a multi-faceted context. These facets should be recognized as landmarks that will orient the organization ast it navigates a path along the asset management journey
Fig.  Every organization is influenced by a multi-faceted context. These facets should be recognized as landmarks that will orient the organization ast it navigates a path along the asset management journey.


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Fig. Organizational "knots" (problems) require patience and finesse to untangle them -- or they will get even tighter.  Do you know how to untangle the knots in your organization?


The various sectors of industry and real estate that are contemplating ISO 55001 conformity
Fig. All sectors of the economy present varied contexts in which organizations operate. The primary sector (extraction), secondary sector (production), tertiary sector (service-based) and the quaternary sector (knowledge-based).


People + Planet + Profit is the triple bottom line of sustainability in ISO 55000 ISO 55001
Fig. People + Planet + Profit is the triple bottom line of sustainability.


The various sectors of industry and real estate that are contemplating ISO 55001 conformity
Fig. All sectors of the economy present varied contexts in which organizations operate. The primary sector (extraction), secondary sector (production), tertiary sector (service-based) and the quaternary sector (knowledge-based).

Read article:
See also:
  • PPP - People Planet Profit
Compare with:

The Asset Management System (AMS) within the organization
Fig.  The relationship between Asset Management (AM) and the Asset Management System (AMS) within the organization is not always clearly articulated.

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