Asset Management Maturity Scale and Guidance

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Version 1.1,  June 2016

Organisations are increasingly recognising Asset Management as a discipline that has relevance and significant potential for improving performance. The subject has developed from selective areas of maintenance of physical equipment/infrastructure (or financial services) to the holistic set of practices and capabilities needed to maximise value obtained from any types of asset over their whole life cycles. This reflects the practical experience of organisations that address their problems of conflicting objectives, increasing stakeholder demands, reactive, short-termism habits and departmental ‘silo’ behaviours.

There is, as a result, a converging recognition of what ‘good’ asset management looks like. And this proves to be remarkably consistent across different industries and for different asset types and environments.

This guide is an introduction to the subject of Asset Management maturity and how it can be defined, scaled and recognised. It contains a generic maturity scale, ranging from Innocence to Excellence, along with definitive attributes and example symptoms you might expect in each of the subject areas of the Asset Management Landscape.