FrameworkCoverThe Asset Management Body of Knowledge (AMBoK) is a technical product of the Asset Management Council. For the Asset Management Council, AMBoK is a collection of models, definitions and content that describes the profession and practices of asset management. AMBoK content is published both electronically and in print and acts as our primary base for advancing and communicating a deeper understanding of asset management.

The technical knowledge and information within AMBoK is created through the AMBoK team. The team consists of numerous volunteers in senior positions of asset-intensive industries. Their insights, knowledge, and willingness to share makes AMBoK accessible to – and useable by – members of the Asset Management Council and the broader asset management community. For an example of one of our publications (as well as technical content on the basics of asset management), please download the "Framework for Asset Management Document" on the right. 

Definition 

The Asset Management Council defines asset management as “The life cycle management of physical assets to achieve the stated outputs of the enterprise”.

Principles

Asset management is founded on a set of principles. If any one of these principles is missing from the management of assets, the organisation will likely see a reduction in the value that its assets provide. The principles should directly influence an organisation’s asset management systems and plans. These principles of asset management are: Output Focus, Capabilities, Level Assurance, and Learning Organisation.

Models

The Asset Management Council has developed a number of models that illustrate and describe asset management. They are as follows:

Asset Management Concept Model - Conceptually presents the basis of successful asset management.
Asset Management System Model - Illustrates the key components of an asset management system and how they inter-relate.
Organisational System Model - Depicts the typical components of an organisation’s management system and how they integrate.
Capability Delivery Model - Schematically presents processes, within a number of disciplines, that may be used in part or entirety, to deliver successful asset management.
Maturity Model - Conveys the extent to which leadership, culture, human performance and the asset management system are integrated into the whole organisation, while contributing to its success.

For a deeper explination of each model, please refer to the "AMBoK Models" tab of the website.