UIC SAMP Application Guide - ISO SAMP Application Guidelines for Railway Infrastructure Organisations

Asset Management is the coordinated activity of an organisation to realise value from assets, as defined in ISO 55001. Asset Management is also about using assets to achieve the organisation’s objectives. It affects more than just the assets themselves; in a mature Asset Management organisation, Asset Management is an integral part of the organisation’s alignment, culture and way of thinking.

 

Asset Management integrates decisions and activities and embeds a system of continual improvement through a Plan-Do-Check-Act (PDCA) approach. It creates a clear ‘line of sight’ or alignment between organisational objectives and the delivery of work on the ground and is the only management system that puts the asset portfolio and its operation at the centre of activities. It also has an emphasis on the importance of risk-based decisions taken over the asset life cycle, and the critical role of information in supporting such decisions.

 

The directly measurable returns for Railway Infrastructure Organisations (hereafter referred to as Organisations) are long term and may be difficult to isolate from other improvement initiatives that may be taking place in the Organisation. However, a body of evidence on benefits is emerging from asset intensive organisations who have already adopted Asset Management as a core mechanism for business improvement. These benefits include: