Home        About         Contact
1



Strategic Asset Management Plan (SAMP)
In accordance with ISO 55001, a SAMP is documented information that specifies the following:


Table of Contents
In accordance with various standards and guides, the SAMP should contain the following sections:
  • A.  Acronynms & Abbreviations
  • B.  Executive Summary
  • C.  Introduction
  • D.  Strategic Alignment
  • E.  Cpntext of the Organization
  • F.  Objectives, Risks & Decision-making Criteria
  • G.  Asset Management System (AMS)
  • H.  Asset Management Plans (AMP)
  • I.    Improvement Initiatives
  • J.   Continual Improvement
  • K.  Appendices
Each of these sections are addressed in further detail below.



A, B, C
  • A.  Acronyms and Abbreviations
    • SAMP
    • AMP
    • AMS
    • etc.
  • B.  Executive Summary
  • C.  Introduction
    • Purpose of the SAMP
    • Scope of the SAMP
    • Background


D, E, F.
  • F. Objectives, Risks & Decision-Making Criteria
  • Demand Drivers (eg. population growth; demographics, etc)
  • Demand Trend (eg, negative, positive)
  • Demand Analysis
  • Demand Management Techniques (eg. incentives, regulation, etc)
  • Demand Management Plan


G, H
I, J, K
  • I.  Improvement Initiatives
    • Short-term
    • Medium-term
    • Long-range
  • J.  Continual Improvement
    • Introduction
    • Update cycles
    • Monitoring process
    • Review process
    • Update process
  • K.  Appendices
    • Other
    • Other

Relationship to Corporate Plan
A strategic asset management plan is derived from the organizational plan. A strategic asset management plan may be contained in, or may be a subsidiary plan of, the
organizational plan.


The SAMP should addres the 10 "W" Questions of Asset Management
The SAMP should address the following functional/thematical plans:



Strategy within the Hierarchical Context
The organization's strategy occupies one layers of the aspirational-transactional hierarchy.

       A. Aspirational Elements
      B. Tactical ElementsWithout an adequate strategy the organization will encounter difficulties when developing some of the other layers of the hierarchy.
The hierarchy of plans in ISO 550001 from OCP to SAMP to AMPs
Fig. The hierarchy of plans in ISO 550001 from OCP to SAMP to AMPs


1
Fig. SMART goals help the organization to meet its targets. The SAMP needs to translate organizational goals into asset management goals.



A chess grandmaster is thinking ahead five moves and carefully leveraging the value of each piece. And thats where the strategic advantage lies.
Fig. Asset management is more like chess than like checkers. A chess grandmaster is thinking ahead five moves and carefully leveraging the value of each piece. And that is where the strategic advantage lies in asset management.


An Asset Management Plan (AMP) will optimize value by making appropriate trade-offs between risk, cost and performance
Fig. A Strategic Asset Management Plan (SAMP) will optimize value by making appropriate trade-offs between risk, cost and performance.


Decisions should consider the whole life of assets, including the I-P interval and the P-F interva
Fig. The SAMP requires that decisions should consider the whole life of assets, including the I-P interval and the P-F interval.


The hierarchy of organizational purpose with plans represented as one of the layers
Fig. The Aspirational-Transactional Hierarchy with the Strategic Asset Management Plan (SAMP) represented as one of the aspirational layers.


Planning must be iterative, dynamic and continuous. If it becomes static it starts to look more like an old dusty blueprint rather than a live roadmap
Fig. Planning must be iterative, dynamic and continuous. If it becomes static it starts to look more like an old dusty blueprint rather than a live roadmap.



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.


Analyzing the words inside ISO 55000/55001 to reveal patterns in the requirements
Fig. Analyzing the approximate 27,0000 words inside ISO 55000/55001 to reveal patterns in the requirements.
Planning features prominently.



Some organizations struggle with "paralysis through analysis" (and never feel comfortable to finalize a plan) and others who perhaps fail to "look before you leap" (start too quickly).
Fig. Some organizations struggle with "paralysis through analysis" (and never feel comfortable to finalize a plan) and others who perhaps fail to "look before you leap" (start too quickly).

See also:
Compare with:




(c) Copyright Asset Insights, 2000-2013, All Rights Reserved - "Insight, foresight and oversight of assets" Google