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This document is intended to introduce the Asset Management Framework and provide definitions specific to each
Function and Process for initial terminology and scope familiarization. Below is the Asset Management Framework.
The framework is a representation of all the parts and pieces of an Asset Management Program, and how those parts
and pieces are organized.

The Asset Management Program is implemented through six Management Systems, which are Governance, Life
Cycle, Reliability, Spare Part, Work, and Calibration. All Management Systems contain four Functions, each Function
focused on one aspect of the overall Management System. Each Function has four Implementation Mechanisms,
each focused on one aspect of how the Function is executed.

Process is the guiding methodology for how the Function will be performed. People represent the responsibility
assignment and required training for each Process. Data is the information the People utilize to drive daily Process
operation and decision making. Sustainability represents the metrics that measure Data to indicate Process health
and standards which ensure performance repeatability of People.

The Road Map at the bottom provides a sequential implementation path, indicating the order in which Functions are
typically developed and implemented when building an Asset Management Program. It also serves to identify
Functions that require attention as a result of a gap analysis performed on existing Asset Management practices.

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GO1 | Leadership Support: Establish leadership of the asset management program including communications,
controls, risk management and continuous improvement.
• GO1.PR1 | Senior Leadership Involvement: Establish senior leadership roles, communications, and
interactions with the asset management program.
• GO1.PR2 | Asset Management Council: Establish a defined group that develops, reviews, and approves
asset management policy, monitors performance, and makes key decisions.
• GO1.PR3 | Risk Management: Identify, categorize, and administer asset management program performance
measures and risk elements.
• GO1.PR4 | Tactical Improvement: Establish a road map to address identified asset management program
gaps to ensure program effectiveness and efficiency.

GO2 | Change Management: Administer, prepare, manage, and reinforce change management.
• GO2.PR1 | Administration: Establish governance and administration of change management.
• GO2.PR2 | Preparing: Establish scope of the change management project, project team organization, and
obtain sponsorship.
• GO2.PR3 | Managing: Develop and implement change management plans.
• GO2.PR4 | Reinforcing: Collect and diagnose change management feedback and use feedback to promote
continuous improvement of change management processes.

GO3 | Budget Management: Prepare and track asset management budget, report deviations, and determine asset
life cycle cost.
• GO3.PR1 | Budget Preparation: Establish process to prepare asset management budget.
• GO3.PR2 | Budget Tracking: Establish process to track asset management budget performance.
• GO3.PR3 | Budget Deviation Reporting: Establish process to report budget deviation.
• GO3.PR4 | Asset Life Cycle Cost: Determine the cost of capital to design, procure, construct, install, operate,
and retire an asset.

GO4 | ISO 55000 Alignment: Ensure the asset management program is aligned with ISO 55000 guidelines.
• GO4.PR1 | Context of the Organization and Leadership: Establish the organization’s mission, message, and
leadership elements that support them.
• GO4.PR2 | Planning: Establish focused asset management plans.
• GO4.PR3 | Support and Operation: Establish personnel awareness of and compliance with asset
management theory and process execution.
• GO4.PR4 | Performance Evaluation and Improvement: Establish processes to assess performance and
manage continuous improvement.

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LC1 | Asset Acquisition: Ensure new assets are correctly specified, fully documented, and are maintainable in
preparation to realize maximum useful life through asset management processes.
• LC1.PR1 | Capital Projects: Define the structure and requirements associated with a project.
• LC1.PR2 | Asset Selection: Define information necessary to design and operate the asset.
• LC1.PR3 | Asset Design for Reliability: Integrate design for reliability and total cost of ownership perspective
into acquisition project design.
• LC1.PR4 | Asset Turnover Package: Define content and format of information provided for asset operation
and maintenance.

LC2 | Asset Commissioning: Test, commission, and turnover assets for operation.
• LC2.PR1 | Factory Acceptance Testing: Test and inspect system, facility, or software when fully fabricated
and assembled prior to delivery.
• LC2.PR2 | Site Acceptance Testing: Review and approve system, facility, or software when installed in
operating environment.
• LC2.PR3 | Commissioning Protocols: Validate assets and systems via installation qualification (IQ),
operational qualification (OQ), and performance qualification (PQ).
• LC2.PR4 | Turnover to Operations: Define the conditions that permit an asset to be released for operations.

LC3 | Asset Operation: Define operator care, performance monitoring, critical process parameters, and continuous
improvement.
• LC3.PR1 | Asset Operator Care and Training: Define the types of care tasks operators can perform.
• LC3.PR2 | Asset Performance Monitoring: Collect data from assets to monitor asset health.
• LC3.PR3 | Critical Process Parameters: Identify attributes that must be monitored to detect deviations that
could affect product quality.
• LC3.PR4 | Asset Continuous Improvement: Incorporate lessons learned and adjust processes to improve
asset performance.

LC4 | Asset Disposal: Assess asset health, asset useful life, asset obsolescence, and asset replacement.
• LC4.PR1 | Asset State of Good Repair: Assess assets in terms of their ability to continue to perform their
intended functions over time.
• LC4.PR2 | Asset Useful Life: Establish priority of recapitalization investment relative to calculated criteria.
• LC4.PR3 | Asset Obsolescence: Evaluate availability of spare parts, hardware, software, and technical
support.
• LC4.PR4 | Asset Replacement: Evaluate the cost of repair versus replacement over the asset life cycle.

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RE1 | Asset Identification: Identify, organize, and prioritize the assets that make up the asset management program.
• RE1.PR1 | Asset Decision Matrix: Apply rules to decide what is an asset.
• RE1.PR2 | Asset Organization: Create physical and functional relationships between assets and rules for
grouping assets.
• RE1.PR3 | Asset Data Documentation: Create asset records that are accurate and complete.
• RE1.PR4 | Asset Prioritization: Establish relative importance of each asset to the business.

RE2 | Failure Mode Identification: Identify and prioritize the plausible failure modes for each asset or asset group.
• RE2.PR1 | Failure Mode Identification Type: Confirm the analysis methods to be used for failure mode
identification.
• RE2.PR2 | Failure Mode Identification Type Decision Matrix: Apply rules to decide what analysis type will
be applied to each asset group.
• RE2.PR3 | Failure Mode Data Documentation: Create failure mode records that are accurate and complete.
• RE2.PR4 | Failure Mode Prioritization: Establish relative importance of each failure mode to the business.

RE3 | Proactive Task Identification: Identify and implement proactive tasks that prevent or mitigate the effects of
failure.
• RE3.PR1 | Proactive Task Type Decision Matrix: Apply rules to decide the type of task to be selected for a
given failure mode.
• RE3.PR2 | Proactive Task Interval Decision Matrix: Apply rules to decide how often a proactive task is to be
executed.
• RE3.PR3 | Proactive Task Data Documentation: Create proactive task records that are accurate and
complete.
• RE3.PR4 | Proactive Task Assignment: Assign responsibility for proactive task execution.

RE4 | Spare Part Identification: Identify and prioritize the spare parts necessary to support the asset management
program.
• RE4.PR1 | Spare Part Type Decision Matrix: Apply rules to decide how a spare part will be identified for
storeroom management.
• RE4.PR2 | Proactive Task Spare Part Requirement: Identify spare parts necessary to support proactive tasks.
• RE4.PR3 | Spare Part Data Documentation: Create spare part records that are accurate and complete.
• RE4.PR4 | Spare Part Prioritization: Establish relative importance of each spare part to the business.

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SP1 | Spare Part Storage: Define where things are stored, and how they are identified, secured, and maintained.
• SP1.PR1 | Spare Part Storage Layout: Define where things are stored and why.
• SP1.PR2 | Spare Part Organization: Define storeroom location and part labeling.
• SP1.PR3 | Spare Part Security: Define how access to spare parts is controlled.
• SP1.PR4 | Spare Part Care: Confirm which assets to maintain while stored and what maintenance is
required.

SP2 | Spare Part Stock Analysis: Define whether and in what quantity parts should be stocked, how they are
documented, and how to manage rotating spares.
• SP2.PR1 | Spare Part Stock Type Decision Matrix: Apply rules to decide the stock type for each spare part.
• SP2.PR2 | Spare Part Stock Quantity Decision Matrix: Apply rules to decide the stock quantity for each
spare part.
• SP2.PR3 | Spare Part Stock Data Documentation: Create spare part records that are accurate and complete.
• SP2.PR4 | Rotating Spare Parts: Manage parts that are physically exchanged in and out of operation.

SP3 | Spare Part Control: Define part procurement, transaction tracking, inventory management assessment, and
administering vendor managed spare parts.
• SP3.PR1 | Spare Part Procurement: Define the protocol for procuring spare parts.
• SP3.PR2 | Spare Part Transaction: Monitor spare part movement and transactions.
• SP3.PR3 | Spare Part Monitoring: Monitor spare part control.
• SP3.PR4 | Vendor Managed Spare Parts: Define which spare parts are vendor managed and describes the
duties and responsibilities of vendor managing parts.

SP4 | Spare Part Kitting: Define the location, security, reservation, and disbursement of kitted parts.
• SP4.PR1 | Spare Part Kitting Layout: Define the location of kitted spare parts.
• SP4.PR2 | Spare Part Kitting Security: Define access control scheme for kitted spare parts.
• SP4.PR3 | Spare Part Kitting Initiation: Describe the actions necessary to request and reserve kitted spare
parts.
• SP4.PR4 | Spare Part Kitting Fulfillment: Describe how kitted spare parts are disbursed and unused kitted
parts returned.

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WO1 | Work Identification: Prepare work for introduction into the work control system, to include routine,
emergent, outage, and contractor work.
• WO1.PR1 | Routine Work Identification: Define how issues are introduced into the corrective maintenance
workflow.
• WO1.PR2 | Emergent Work Identification: Define how emergencies are classified and are introduced into
the corrective maintenance workflow.
• WO1.PR3 | Outage Work Identification: Define how shutdown work is classified and introduced into the
corrective maintenance workflow.
• WO1.PR4 | Contractor Work Identification: Define how work to be performed by contractors is classified
and introduced into the maintenance workflow.

WO2 | Work Planning: Prepare work for execution by identifying necessary repairs, resources, support, priority, and
duration of identified work.
• WO2.PR1 | Routine Work Planning: Define how routine work is prepared for execution.
• WO2.PR2 | Emergent Work Planning: Define how emergency work is prepared for execution.
• WO2.PR3 | Outage Work Planning: Define how shutdown work is prepared for execution.
• WO2.PR4 | Contractor Work Planning: Define how work performed by contractors is prepared for
execution.

WO3 | Work Scheduling: Identify and coordinate what the organization intends to accomplish with available
resources in an upcoming time period.
• WO3.PR1 | Routine Work Scheduling: Define how routine work is scheduled for execution.
• WO3.PR2 | Emergent Work Scheduling: Define how emergency work is scheduled for execution.
• WO3.PR3 | Outage Work Scheduling: Define how shutdown work is scheduled for execution.
• WO3.PR4 | Contractor Work Scheduling: Define how work performed by contractors is scheduled for
execution.

WO4 | Work Execution: Restore or maintain asset functionality in accordance with work order requirements.
• WO4.PR1 | Routine Work Execution: Define how routine work is performed.
• WO4.PR2 | Emergent Work Execution: Define how emergency work is performed.
• WO4.PR3 | Outage Work Execution: Define how shutdown work is performed.
• WO4.PR4 | Contractor Work Execution: Define how work by contractors is performed.

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CA1 | Calibration Administration: Define rules for calibration program requirements, ensuring program compliance,
use of contracted services, and instrument life cycle activities.
• CA1.PR1 | Calibration Program Requirements: Establish program requirements and how they are
administered.
• CA1.PR2 | Calibration Program Compliance: Create checks and balances for program compliance.
• CA1.PR3 | Calibration Contracted Services: Establish controls for alignment between service provider
processes and internal program expectations.
• CA1.PR4 | Instrument Life Cycle: Establish controls for replacing, reusing, quarantining, and disposing of
instruments.

CA2 | Calibration Measurement: Define rules for measuring and test equipment specifications, traceability,
certification, and storage.
• CA2.PR1 | Measuring and Test Equipment Specifications: Create rules for measuring and test equipment
accuracy, accuracy ratios, or test uncertainty ratios.
• CA2.PR2 | Measuring and Test Equipment Traceability: Create guidelines for how local measuring and test
equipment can be traced to governing standards.
• CA2.PR3 | Measuring and Test Equipment Certification: Create guidelines for how local measuring and test
equipment meet certification and conformance requirements.
• CA2.PR4 | Measuring and Test Equipment Storage: Establish controlled storage of measuring and test
equipment.

CA3 | Calibration Discrepancy: Establish methods for discrepancy trending, review, notification, and use of reverse
traceability.
• CA3.PR1 | Calibration Discrepancy Trending: Establish methods for trending out of tolerance or poor
performing instruments.
• CA3.PR2 | Calibration Discrepancy Review: Establish a calibration discrepancy review protocol.
• CA3.PR3 | Calibration Discrepancy Notification: Establish a calibration discrepancy notification protocol.
• CA3.PR4 | Calibration Discrepancy Reverse Traceability: Create guidelines for when and how to perform
reverse traceability.

CA4 | Calibration Optimization: Develop calibration specifications, intervals, analytics, and verification guidelines.
• CA4.PR1 | Calibration Specifications: Create rules for calibration accuracy, accuracy ratios, or test
uncertainty ratios.
• CA4.PR2 | Calibration Interval Decision Matrix: Apply rules to decide how often a calibration is to be
executed.
• CA4.PR3 | Calibration Advanced Analytics: Establish a method to proactively diagnose impending
instrument problems.
• CA4.PR4 | Calibration Verification: Create guidelines for verifying when calibration is required outside of set
intervals.

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