Asset management

Table of Contents

2.5 Asset Management Competence and Capability

The need for well-defined capability and competence has to be matched to training and development was highlighted in Part 3, Section 4.1 as one of the enablers of the asset management process. Their importance is reflected in ISO 55001:2014 Clause 7.1 which requires organisations to:

Determine and provide resources needed for the establishment, implementation, maintenance and continual improvement of the AM system.

Having appropriate asset management capability helps the agency to achieve its asset management objectives. Top management is responsible for ensuring that sufficient resources (capacity) with appropriate skill sets (capability) are provided to enable individuals and the organisation to achieve the objectives.

Refer to ISO 55001:2014 Clause 7.1 and 7.2 for further guidance. Section 4.1 of IPWEA (2015) provides more detail regarding implementation.