Asset Management Accountability Framework

The Asset Management Accountability Framework (AMAF) is a Victorian Government framework designed to assist Victorian Public Sector agencies manage their asset portfolios and provide better services for Victorians.

The AMAF details mandatory asset management requirements as well as general guidance for agencies responsible for managing assets. Mandatory requirements include developing asset management strategies, governance frameworks, performance standards and processes to regularly monitor and improve asset management. The requirements also include establishing systems for maintaining assets and processes for identifying and addressing performance failures.

The framework draws heavily from ISO 55000, and references it on numerous occasions. Unlike ISO 55000, the 'Asset Management Accountability Framework' is published under a creative commons license.

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External Links & References

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  2. Department of Treasury & Finance
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