Asset management

Table of Contents

3. Asset Management Plans (AMPs)

AMPs were introduced earlier in Part 2, Section 5 of the GAM in relation to ISO 55001:2014 and in Part 3, Section 4.2 as one of the enablers of the asset management business process. They are an important tool for organisations in bringing information together, defining the services being provided to the agency’s customers, describing how life-cycle decisions are made, and finally developing the long‑term financial programs necessary for sustaining the assets.

Their importance is reflected in ISO 55001:2014, which defines two types of plan: