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Vision
A short aspirational statement of what the organization (or department) wants to become, what it would like to achieve.

It is a picture of the organization at some point in the future. It provides direction because it describes what the organization needs to be like. 

It should be general enough to encompass all of the organization's interests and strategic direction.

The vision should be recognized in a Strategic Asset Management Plan (SAMP) and an Asset Management Plan (AMP). In this way these artifacts can be aligned with organization's purpose


Examples
Amiable Housing Society has a vision statement that includes a desire to be the best. 




Vision in Context
The organization's vision occupies one of the base layers of the aspirational-transactional hierarchy.

      A. Aspirational Elements

     B. Transactional ElementsWithout an adequate vision statement, the organization will encounter some difficulties when developing some of the other layers of the hierarchy and its line of sight.



Management Principles
Listed below are some of the management principles that identify how the vision fits into the overall asset management framework.
The hierarchy of organizational purpose
Fig. The Aspirational-Transactional Hierarchy of with vision at the base of the aspirational layers.


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.


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.


Alignment is required between all levels of the organization - such as, from top management to line staff
Fig. Alignment is required between all levels of the organization - such as, from top management to line staff.


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Fig. SMART goals help the organization to meet its targets.


See also:
  • Alignment
  • Integration



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