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Name: Strategic Planning
Acronym:
Type: Glossary Item


Definition:
The processes an organization uses to undertake strategic asset management planning.

Statement:

Context:    Such a process may consider how to determine long-term renewal, enhancement and maintenance work volumes and costs with appropriate levels of confidence based on the criticality of different asset types and the needs of teh the business.  This may include assessing how the organization addresses the requirements identified during demand analysis and how the strategic AM plan supports the overall organizational strategic plan.




Resource:
  • Reference
    • The Asset Management Landscape ISBN 978-0-9871799-1-3

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