As a result of any of the reviews, organizations are likely to identify a series of desirable improvements they wish to put in place in order to advance their asset management practice. These improvements may be formally documented in an action plan. The plan should not only detail the specific actions to be taken, but also outline which levels of service the actions are intended to benefit. Furthermore, in developing the improvement plan, it is important that organizations be pragmatic about what can be delivered given the likely staff resources and budget.
Actions should be prioritized and placed into timeframes, and they can be classified as corrective or preventive, as follows: