Basic Description
Strategic Asset Management Development (SAMP) is the prioritization of whole life investment in physical assets.
Asset management plays a pivotal role in the operational success and long-term sustainability of organizations. At the heart of this discipline is the Strategic Asset Management Plan (SAMP), a structured approach outlined in the ISO 55000 series of standards. The SAMP serves as a high-level framework that translates an organization’s strategic objectives into asset management objectives, plans, and activities. This section explores the key components of a SAMP, its importance, and how organizations can align their asset management practices with ISO 55000 to derive maximum value from their assets.