The Pathway to Excellence In Asset Management
This item is free to Āpōpō members through our partnership with IAM.
2022
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 typical symptoms that you might observe in organisations at different stages of their maturity journey.
The material in this guide is the cumulative product of several IAM studies of the subject over the last 15 years, ranging from the maturity scale developed for BSI PAS 55 in 2004 to the SAM+ (Self Assessment Methodology) used for ISO 55001 gap analysis and assessing against the 39 subject areas of the Asset Management Landscape. In the last few years, the Asset Management Excellence project has been researching the attributes of higher levels of maturity and how these might be recognised. In all cases these initiatives have involved multi-industry collaboration projects with extensive consultation and peer review across the IAM’s diverse membership.
Nevertheless, this guidance is inevitably an evolving story. The subject of asset management and, even more so, the characteristics of adequacy or ‘best’ practice are continually changing through process innovations, new technology and learning. There are also widely different operational environments, constraints, cultures and opportunities in asset management, so what should be recognised as ‘competent’ or ‘excellent’ needs to consider the context of the organisation and how this changes. Such context-dependencies are discussed in this guide, and we expect many further insights, experiences and refinements to emerge over the coming years.
