Asset management plan
Asset Management – an anatomy, Version 4, published by The Institute of Asset Management in July 2024, defines an asset management plan as: ‘Documented information that specifies the activities, resources, costs and timescales required for an individual asset, or a grouping of assets, to achieve the organization’s asset management objectives. Notes: (1) The grouping of assets may be by asset type, asset class, asset system or asset portfolio. (2) An asset management plan is derived from the strategic asset management plan. (3) An asset management plan may be contained in, or may be a subsidiary plan of, the strategic asset management plan.’
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