The course introduces the concepts, roles, and benefits of a SAMP. It shows how such a Strategy achieves the essential alignment between (top-down) organizational objectives and stakeholder requirements, with the (bottom-up) realities of assets and asset management capabilities. Every SAMP is unique, due to the individual nature of each organization’s asset portfolio, operating context, and expectations of its stakeholders. This course explains how to develop and customize a SAMP to be organization-specific. It also shows how this process can be used effectively to engage all disciplines and achieve consensus about goals, priorities and responsibilities for delivery.

Course content:

• Strategic thinking in Asset Management
• Policy, Strategy and Plans: what goes where?
• Role of a SAMP within a Management System
• Typical contents of a SAMP
• The SAMP development process
• Using and maintaining your SAMP
• Communication, consensus and commitment
• Course summary and assessment

This course is for anyone responsible for any aspect of strategic planning, or anyone who wishes to understand the role of a Strategic Asset Management Plan, how best to develop, maintain and use one. Typical participant roles include:

• Senior executives
• Business planners
• Stakeholder interface professionals (e.g. customer-, regulator-, investor-relations)
• Investment programme managers
• Implementers of ISO 55000 and other management systems
• Project or portfolio managers
• Asset information managers
• Engineering, technical and other departmental managers
• Maintenance managers
• Operations managers
• Procurement and supply chain managers
• HR and training managers

At the end of this course the participant will be able to:

• Understand and describe the role and purpose of a SAMP.
• Explain the alignment of strategic asset management plans and objectives to organizational objectives and stakeholder expectations.
• Plan how to develop an effective and context-suitable SAMP.
• Identify the requirements for information and its sources.
• Identify the cross-disciplinary contributors to developing a SAMP
• Plan how to maintain and update a SAMP so that it is always relevant and useful.

This course is suitable for those who already have a basic understanding of Asset Management principles and practices. For example, successful completion of the 1-day IAM Foundation course or the Woodhouse Asset Management Academy ‘Principles of Asset Management’ eLearning modules.

Recommended prior reading includes “Asset Management: an Anatomy” V4 released July 2024 – available from www.theIAM.org