Don’t settle for an ineffective asset management plan.

Developing an average asset management plan is easy. Developing a good asset management plan is more difficult. Good asset management plans are:


The plans must, together with other organisational plans (including those that are not asset-related) form an integrated whole. This means that the asset management planning process must be integrated with the organisation’s overall business planning process. Ensuring that this happens often requires adjustments to the organisation’s business planning process. One way of ensuring that asset management plans quickly become irrelevant is by ignoring this requirement for integration.


The plans must be aligned with each other – that the actions in the asset management plan for one asset (or group of assets) considers the implications for that asset of the actions that are contained in the other plans. It is vital that overlaps and gaps are identified and addressed when developing these plans.


The plans should incorporate all actions to be taken on the asset (or group of assets). They should either cover the entire asset lifecycle (from lust to dust) or at a minimum consider the position of the assets within that lifecycle, if covering a shorter period.

In addition, to develop good asset management plans the organisational and asset management objectives should be clear, and preferably SMART (specific, measurable, achievable, realistic and timebound). Without this, it is difficult to identify and prioritise the actions for inclusion in the plan.

If you don’t know where you are going, any road will get you there.

Lewis Carroll

How we can support you

Support that we can provide to you includes the following:

  • Providing high level strategic guidance and advice
  • Performing quality assurance on asset management plans developed by your staff
  • Facilitating workshops to develop asset management plans
  • Embedding staff within your organisation to develop and document asset management plans
  • Developing and documenting asset management planning processes and procedures
  • Delivering classroom and online training in asset management planning concepts, principles and practices at all organisational levels
  • Providing on-the-job coaching and guidance to implement asset management plans

We can develop the right plan for your business.

We would love to have the opportunity to understand the challenges that you are facing and help you to achieve your goals.

An obligation-free discussion with one of our consultants is a great place to start, and you may even receive some tips or advice that you can take back to your workplace and implement straight away.

Let’s develop an asset management plan that works for you.

We can support and guide you through the development of your asset management plan. To find out more about our capabilities with regards to asset management planning, feel free to view the case studies above, or contact us for an obligation-free discussion.

Our asset management training courses

Do you need to expand the asset management capabilities of your team? Our IAM endorsed training courses are a great way to get your workforce thinking about improved asset management practices.

Our asset management planning articles

How to estimate the economic value of improved maintenance…

Using a value driver tree to estimate Economic Value Added can help reliability and maintenance managers build a business case for improvement initiatives.

6 tips to sell your asset management vision to…

Let’s explore how we might go about selling the vision for asset management, and engage with senior leadership so that they can provide ongoing support.

What does a good asset management strategy look like?

In this article, we offer a detailed example of what a good asset management strategy may look like in the context of ISO 55000 and ISO 55001.

Asset management strategy vs. Strategic Asset Management Plan (SAMP)…

Let’s explore an approach that will generate a Strategic Asset Management Plan that is useful and usable, using the ISO 55001 and ISO 55002 standards.

Meeting asset management stakeholder needs and expectations

ISO 55001 places great emphasis on making sure that an organisation’s asset management system meets the needs and expectations of its stakeholders. Let’s discuss why this is important.

An overview of the Asset Management Accountability Framework

The AMAF details mandatory asset management requirements and guidance for government organisations, and how to support service delivery objectives.

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