27 Apr 2018

Smarter Asset Management Plans (AMPs)

An AMP (Asset Management Plan) is the end result of many tasks undertaken by an organisation to manage its portfolio of assets. Asset management means different things to different people in different industries. However, ISO 55000 has clarified this as it defines what’s meant by an AMP and a Strategic AMP.

To simplify across the different facilities-based industries, think about asset management as a way to ‘make facilities last forever’ - assuming there is an on-going need for these facilities. 

The challenge is to implement the processes in a ‘smart’ way that makes a tangible difference. Smarter asset management adds value to the organisation, rather than being seen as a cost.

Read Steve Lyons' paper here.