Asset Management Framework

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.

• Asset Management Policy
• Asset Management Strategy
• Asset Management Plan

or taking a slightly wider view, all of the above plus the following

• Strategic Longer Term Plan
• Annual Budget
• Annual Report

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".

Related Pages

• Asset Management Checklist
• Asset Planning and Management Framework
• Framework
• PAS 55
• Service Plan

External Links & References

1. Queensland Treasury Asset Management Framework Page
2. Victorian Department of Treasury and Finance Asset Management Framework page
3. IIMM Glossary
4. Google Search