SYSTEMS ENGINEERING RESOURCES Useful artifacts to improve your SE effectiveness Organization: Institute for Asset Management The Institute of Asset Management (the IAM) is an international professional body for asset management professionals. The IAM develops asset management knowledge and best practice and generates awareness of the benefits of the asset management discipline for the individual, organizations and wider society. The IAM exists to advance the discipline of asset management, not only for people and organizations involved in the full lifecycle acquisition, operation and care of physical assets but also for the benefit of the general public. Established in 1994, the IAM is a not-for-profit organization with over 2000 individual and 300 corporate members. The IAM provides a diverse set of knowledge resources, many of which address the principles and practices associated with effective lifecycle management of assets in order to maximize the achievement of an organization’s objectives and the value delivered to its stakeholders. In accordance with the ISO 55000 standards, the IAM defines asset management to include more than physical assets such as infrastructure (facilities, equipment, etc.), rather anything that has potential or actual value to an organization. The IAM’s Asset Management – an Anatomy document provides an overview of IAM’s framework/model which decomposes the asset management discipline into 39 subjects (aka capabilities) that extend and supplement the ISO 55000 standards. The IAM’s Competences Framework provides a comprehensive description of what asset management professionals should be able to do, know and understand. The IAM’s Subject Specific Guidelines (SSG’s) expand the asset management principles and practices, addressing the 39 subjects in the IAM’s framework in 6 groups (landscapes): • • • • • •
Strategy and Planning Asset Management Decision Making Lifecycle delivery Asset Information Organization and People Risk and Review
Experienced systems engineering practitioners will find it easy to map these guidelines to a variety of familiar disciplines, e.g. decision-making, configuration management, reliability engineering, risk assessment/management, contingency planning & resilience analysis and decommissioning/disposal. A separate systems engineering guideline is in development. The IAM’s Knowledge Library offers a mix of asset management resources, some available to members-only, others free to view or download or available to purchase by non-members. The IAM offers both individual and corporate memberships. Join here.
February 2022
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