An asset management plan (AMP) can be conceptualized as a “business plan” for an organization (PIARC 2008) that has stewardship responsibilities for an infrastructure network. When considering whether or not to develop an AMP, it may be useful to consider questions such as the following (PIARC 2014, PIARC 2016.1):
The AMP is a document that brings all of these concerns together into a single plan (perhaps with multiple references to supporting documents and plans) and that tells the story of the Road Organization in relation to its mission. There is no one “right” document structure for an AMP since the structure will depend on how the organization plans to utilize the document. However, there are real benefits to having a standard AMP structure, which enables a repeatable and standard document.
The audience for the AMP can be arranged into concentric rings of involvement. If an asset management leader and steering committee consisting of representatives from key sections within the organization are already in place, then many of those individuals will naturally serve on the core team that does most of the writing of the AMP. The remainder of the steering committee members would serve as reviewers. If the steering committee and leader are not yet appointed, then it will make sense to appoint AMP authors who can eventually serve in the implementation roles.
Practitioners describe the AMP as a “living” document. As the AM planning process is repeated on an agreed cycle, the output of that process (the AMP) will develop and change to accommodate the organization’s increased knowledge and understanding of service levels and performance measures and how the organization’s policies and programs affect them (PIARC 2014).
A best practice AMP should demonstrate the following:
The AMP plays a key role in connecting the organization’s corporate strategic direction with implementation tools, ensuring that the organization can achieve its mission in the most cost-effective manner while delivering the required levels of service.