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Glossary

Strategic asset management plan (SAMP)

Documented information specifying how organisational objectives are converted into asset management objectives, and the role of the asset management system in delivering them.

The SAMP is the translation layer between what the organisation is for and what it intends to do about its assets. It is where a corporate objective becomes an asset objective, and where the approach to achieving it is set out.

In the 2014 edition of ISO 55001 the SAMP was referred to in several places without being gathered into a requirement of its own. The 2024 edition gives it Clause 6.2.1, at the head of the objectives clause, and ISO lists the change among the main differences between editions.

The committee gives its reason for promoting it. ISO/TC 251 says the new subclause acknowledges the importance of the SAMP as an element of the asset management system, its key role in aligning asset management with general organisational objectives, and the realisation of value for the organisation and its stakeholders. So the promotion is about alignment rather than documentation, which is the test to apply to any SAMP: not whether it exists, but whether anything below it can be traced to something above it.

Sources

ISO 55001:2024, Clause 6.2.1, strategic asset management plan, new as a subclause in the second edition and listed by ISO among the main changes. Clauses 6.2.2 and 6.2.3 cover asset management objectives and planning to achieve them. ISO/TC 251, Updated Guidance on Asset Management System Requirements, 2024, for the committee’s stated reason for promoting the SAMP to a subclause of its own.

Read the sources