The Asset Management Council has developed an asset management maturity assessment tool that will allow organisation to assess their maturity level and help them on their journey to excellence. The outcome of the assessment is a rigorous analysis that identifies performance gaps and strengths across a range of domains including some ISO 55001 sections. The assessment will also help organisation benchmarking their performance nationally and internationally to guide them on their maturity path.
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The maturity assessment tool was developed by contribution of asset management experts from different industries such as mining, rail, airlines, defence, Government sector, etc. Through the process of the assessment development, the AM Council conducted a number of workshops and focus groups to conducting a demand analysis to collect the industry requirements of what is the best approach to assess maturity. The process then followed by initial drafting of the Asset Management Maturity Model (AMMM). The model then was tested and rationalised by AM professionals to ensure that the model is fit for purpose. AMMM had strong buy in from industry and people accepted the model. The asset management maturity assessment was then developed based on the AMMM and other industries models such as Hudson Model, Asset Management System Model. The assessment has more than 160 questions that test different aspects of the asset management in the organisation. The assessment was built on input from different professionals in different industries, which gives the tool width and depth to cover divers industries and at the same time ask the tough questions that help organisations reaching their potentials.