2021/4/25 (Strategic Asset Management Plan (SAMP

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Strategic Asset Management

Plan (SAMP)
In accordance with ISO 55001, a SAMP is documented
information that specifies the following:

How organizational objectives are to be

converted into asset management objectives,
The approach for developing asset management
plans (AMPs), and
The role of the asset management system in
supporting achievement of the asset
management objectives
Fig. The hierarchy of plans in ISO 550001 from OCP to
SAMP to AMPs

Table of Contents
In accordance with various standards and guides, the
SAMP should contain the following sections:

A. Acronynms & Abbreviations

B. Executive Summary
C. Introduction
D. Strategic Alignment
E. Cpntext of the Organization
F. Objectives, Risks & Decision-making Criteria
G. Asset Management System (AMS)
H. Asset Management Plans (AMP) Fig. SMART goals help the organization to meet its
I. Improvement Initiatives targets. The SAMP needs to translate organizational
J. Continual Improvement goals into asset management goals.

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K. Appendices

Each of these sections are addressed in further detail

below.

A, B, C

A. Acronyms and Abbreviations

SAMP
AMP
AMS
etc. Fig. Asset management is more like chess than like
checkers. A chess grandmaster is thinking ahead five
B. Executive Summary moves and carefully leveraging the value of each piece.
And that is where the strategic advantage lies in asset
C. Introduction management.
Purpose of the SAMP
Scope of the SAMP
Background

D, E, F.

D. Strategic alignment
Asset management policy
Corporate strategic plans
Business drivers
Fig. A Strategic Asset Management Plan (SAMP) will
E. Context of the Organization optimize value by making appropriate trade-offs between
Asset management objectives risk, cost and performance.
Stakeholder register
Businsss Context (PESTLE)
Political Context
Economic/Financial Context
Social Context
Technological Context
Legal Context
Environmental Context
Administrative Context
Physical/Technical Context

F. Objectives, Risks & Decision-Making

Fig. The SAMP requires that decisions should consider
Criteria
the whole life of assets, including the I-P interval and the
P-F interval.
Objectives
SMART framework
Key performance indicators
Level of service

Risks
Risk Identification (Enterprise risks)
Risk Analysis (causal chain,
likelihood, impact)
Risk Assessment (scores, ranking,
critical assets)
Risk Treatment & Controls
Risk Monitoring & Review
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Decision-Making Criteria Fig. The Aspirational-Transactional Hierarchy with the

Triple bottom line Strategic Asset Management Plan (SAMP) represented
as one of the aspirational layers.
G. Demand Management

Demand Drivers (eg. population growth;

demographics, etc)
Demand Trend (eg, negative, positive)
Demand Analysis
Demand Management Techniques (eg.
incentives, regulation, etc)
Demand Management Plan

G, H
Fig. Planning must be iterative, dynamic and continuous.
If it becomes static it starts to look more like an old dusty
G. Asset Management System (AMS)
blueprint rather than a live roadmap.
Documents
Processes & Procedures
Roles & Responsibilities
Senior Roles
Core team
Information Management

H. Asset Management Plans (AMPs)

Background
Standards
Table of Contents
Timetable
Fig. Clearly defined roles, responsibilities and authorities
I, J, K are one of the signs of good leadership. In accordance
with ISO 55000, these must be coupled with appropriate
I. Improvement Initiatives structures and relationships to establish the asset
Short-term management system (AMS) within the organization.
Medium-term
Long-range

J. Continual Improvement
Introduction
Update cycles
Monitoring process
Review process
Update process

K. Appendices
Other
Other Fig. Analyzing the approximate 27,0000 words inside
ISO 55000/55001 to reveal patterns in the requirements.
Planning features prominently.
Relationship to Corporate Plan
A strategic asset management plan is derived from the
organizational plan. A strategic asset management plan
may be contained in, or may be a subsidiary plan of, the
organizational plan.

The SAMP should addres the 10 "W" Questions of

Asset Management

Why?
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What?
Where?
When?
Who?
How?
Which?
What if?
Will?
With What?

The SAMP should address the following Fig. Some organizations struggle with "paralysis through
functional/thematical plans: analysis" (and never feel comfortable to finalize a plan)
and others who perhaps fail to "look before you leap"
Risk Management Plan
(start too quickly).
Resourcing Plan
Strategic Plan, Tactical Plan, Operational Plan
Maintenance Plan, Renewals Plan
Asset Management Plan (AMP)
Expenditure Plan

Strategy within the Hierarchical Context

The organization's strategy occupies one layers of the
aspirational-transactional hierarchy.

A. Aspirational Elements

Values
Vision
Mission
Policies
Goals & Objectives
Strategy

B. Tactical Elements

Tactics
Plans
Programs
Projects
Processes
Procedures
Work Instructions

Without an adequate strategy the organization will

encounter difficulties when developing some of the
other layers of the hierarchy.

See also:

Roll up and Drill Down

Compare with:

Asset Management Plan (AMP)

Organizational Corporate Plan (OCP)
Sustainability Plan
Risk Management Plan
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Resourcing Plan
Stakeholder Plan
Strategic Plan, Tactical Plan, Operational Plan
Maintenance Plan, Renewals Plan

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