4.1 Understanding the organisation and its context (2 parts)

4.1

Part 1 of 2 

This requirement is to demonstrate that an organisation has considered potential factors influencing its outcomes when determining the requirements for an asset management system.

Internal factors are organisational strengths and weaknesses and may include existing systems and processes, culture and available technology.

External factors refer to influences that the organisation has limited control over and may include political, economic, regulatory, geographic, competitive and technical considerations.

2024 new requirement from the revised harmonized structure that climate change must be addressed.

The strategic asset management plan clearly documents the process for considering internal and external factors as part of the development and improvement of the asset management system.

Internal and external factors are identified as part of the strategic asset management plan.

Or similar.

Strategic Asset Management Plan

4.1

Part 2 of 2 

This requirement is to demonstrate that the asset management objectives and organisational objectives are aligned, that is, the asset management objectives support the achievement of those objectives in relation to the use of assets.

The asset management objectives both recognise and integrate with other objectives of the organisation, so that the totality of all the organisation’s management system objectives achieves the organisational objectives.

The statement of asset management objectives are required to be included in the body of the strategic asset management plan.

Asset management objectives should be specific, measurable and verifiable.

Asset management objectives can be strategic, tactical or operational in nature.

The strategic asset management plan clearly identifies a process for designing, implementing and reviewing asset management objectives including the process for:– linking asset management objectives to organisational objectives; and– The strategic asset management plan clearly documents the asset management objectives.

The strategic asset management plan shows a clear link between the asset management objectives and the organisational objectives and to other management system objectives.

Objectives are reflected in individual asset management plans. Or similar.

Strategic Asset Management Plan