Developing and maintaining a Strategic Asset Management Plan
This publication provides practical advice for the development of a Strategic Asset Management Plan (SAMP). It explains the process of strategic planning and how this applies to:
- assets and their optimal, whole life cycle management
- improvements in the asset management capabilities of an organisation
The guidance is intended to complement the ISO 55000 standards, providing insight into the role and suitable content for a Strategic Asset Management Plan (SAMP), and how it should be developed.
The SAMP is a planning tool to clarify intentions, priorities and practices to be adopted. It takes a long-term view and considers the combination of organisation needs, stakeholder expectations and the realities of existing assets and asset management capabilities.
Using Developing and maintaining a Strategic Asset Management Plan (SAMP)
It is recommended that readers be familiar with:
- definitions and requirements for a SAMP set out in ISO 55000:2014
- ISO 55002:2018 Annex A - The Strategic Asset Management Plan (SAMP)
- BSI PAS 55:2008 specification for an Asset Management Strategy
The trend towards more specialist roles and the sophisticated management of increasingly large and complex systems means it is harder for individuals within large organisations to see the whole picture. Explicit guidance outlining strategies, objectives and timescales is necessary, and this is the role of a SAMP.
ISO 55000 provides the following definition of a SAMP:
"Strategic Asset Management Plan: documented information that specifies how organisational objectives are to be converted into asset management objectives, the approach for developing asset management plans, and the role of the asset management system in supporting achievements of the asset management objectives."
ISO 55000 definition 3.3.2
The definition alone does not adequately convey the intended documentation of strategic activities and outcomes. Developing and maintaining a Strategic Asset Management Plan (SAMP) was therefore produced to provide a planning tool for putting together a SAMP.
Buy Developing and maintaining a Strategic Asset Management Plan (SAMP)
The SAMP guidance publication is available to purchase as a PDF or printed publication, with a discount for IAM members.
With thanks to our sponsors of this organisation.