Asset Management Maturity
A Position Statement
With the publication of the ISO 55000 series of standards, the Global Forum on Maintenance & Asset Management (GFMAM) recognized that the accelerating interest in Asset Management would benefit from more guidance on Asset Management maturity. This position statement defines the key principles of Asset Management maturity.
What is the value?
Alignment with ISO 55001 for many organisations will not realize the full value to stakeholders. There is a substantial and growing body of evidence that there are significant benefits to organisations that develop their maturity in Asset Management beyond compliance. The GFMAM has a separate project that is developing the evidence around the value delivered by organsiations to their stakeholders through increased Asset Management maturity.
Why have we done this?
Different professional bodies in Asset Management, and individual organisations working in Asset Management, have been developing their thinking on Asset Management maturity for many years. This work has taken different approaches to maturity and the GFMAM recognized the opportunity to build on this work and develop a common set of principles on Asset Management maturity.
Who is the target audience?
This document is intended for organizations who wish to develop guidance around how to assess Asset Management maturity and will be most beneficial to people with some experience in Asset Management. This document is not a tool for assessing Asset Management – the work to date has concluded that assessing Asset Management maturity is intricate – in particular at the higher levels of maturity. It is expected that organisations will develop their own detailed guidance on Asset Management maturity that is consistent with this position statement,