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june/july15 - LCE

june / july15 UPTIME MAGAZINE june /JULY 2015 15 AMAsset Managementsset management plans form the cornerstone of an effective asset management system. The recently released ISO55000 series of standards for asset management clearly defines the importance of asset management plans (AMPs) by indicating that they provide the road map for achieving value from physical assets by optimizing cost, risk and perfor-mance across the asset s lifecycle. AMPs define the implementation activities necessary to realize an organization s asset management objectives, which translate the strategic intent of the company. The relationship and interdependencies of asset management policy, strategy, objectives and planning to achieve those objectives clearly demonstrate how important organizational alignment is to the creation of asset management ManagementCreating Value From Physical Assetsby Mark RubyDeveloping A s s e t management Plans46june/july 15A4767891670452347678916704523 Getting StartedCompliance versus PerformanceEven though ISO55000 has established many of the criteria for creat-ing AMPs, it is not necessary to approach this from a standard compliance

46 june/july 15 AM A anagement sset management plans form the cornerstone of an effective asset management system. The recently released ISO55000 series of standards for asset management

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