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M A N A G E M E N T
Machinery & Equipment MRO
September 2021
ASSET MANAGEMENT – HOW IS IT ACHIEVED A
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BY CLIFF WILLIAMS agement policy. This document states much of what has gone before, including the organizational context, needs and expectations of stakeholders the role of leadership and the approaches they should take and any decision-making guidance around those things that are key to the organization. Some organization take this even further and state the actual roles involved along with the responsibilities and authorities required to be successful in those roles.
Strategic objectives
Once we have the policy in place, we need to understand how we will use this guidance to actually achieve the strategic objectives and this is usually done in the strategic asset management plan or SAMP. This is the document that takes the high-level objectives and brings them more into specific goals and actions to achieve them. Coming out of the strategic asset management plan will come the focused asset management objectives, and quite oªen guidance on the asset management initiatives required to achieve these objectives. It’s important that the strategic asset management plan is viewed with a number of things in mind – these are generally developed along side the strategic asset management plan.
The driver for asset management is stakeholder requirements, and the context that the organization is operating in, they permeate through, and need to be borne in mind, in all of the subsequent steps. These requirements will be used for the organization to take what is really the first step in asset management as they establish the strategic objectives. This is where the desired organizational results are set and where we establish what value actually means to the organization.
AM Policy
The document that then guides the process is the asset man-
Strategic asset management plan
Photos: © EtiAmmos / Adobe Stock
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ertainly, in the Canadian municipality forum where Governments are pushing to get more value from the money and efforts that they and the municipalities expend. Ontario has gone as far as mandating most aspects of asset management in their O.Reg. 588/17 – requiring asset management plans for their core assets initially and expanding to all of their assets. But before we get ahead of ourselves, let’s take a look at how asset management is achieved, how it is built, how does it flow.
