An asset management framework is a set of documents, systems and processes that addresses an organisation's asset management responsibilities.
In its simplest form an asset management framework may just be the sum of the following documents.
or taking a slightly wider view, all of the above plus the following
International Infrastructure Management Manual
The most recent version of the International Infrastructure Management Manual defines an asset management framework as "The overarching AM hierarchy including the AM Policy, Objectives, Strategy and the AM Plan".
Local Government and Planning Ministers' Council
The Local Government and Planning Ministers' Council has published an "Asset Planning & Management Framework".
External Links & References
- Queensland Treasury Asset Management Framework Page
- Victorian Department of Treasury and Finance Asset Management Framework page
- IIMM Glossary
- Google Search