Developing and Maintaining a Strategic Asset Management Plan (SAMP) (v1.1)
The Institute of Asset Management’s practical guide, prepared by The Woodhouse Partnership, explains why organisations need a Strategic Asset Management Plan (SAMP) and how to create, implement and keep it current. It links the SAMP to the ISO 55000 family of standards, outlines the strategic horizons and asset‑management strategies that should be reflected, and defines the scope and granularity required for different organisational contexts. The guide walks readers through a step‑by‑step development process – from context analysis, stakeholder engagement and maturity assessment, through governance design, resource planning and risk integration (ISO 31000) – to implementation, monitoring, review and continuous improvement. It also details how the SAMP supports decision‑making for capital investment, operations and maintenance, and shows how to align the plan with broader business strategy using recommended strategic‑planning literature. The final sections provide a curated list of IAM resources, external standards (BSI PAS 55, ISO 55000‑02), and further reading, together with sponsor acknowledgements and contact information for the Institute. The document is intended for asset‑management leaders, planners, functional specialists and the wider workforce who need a clear, repeatable framework for strategic asset‑management planning.
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Purpose and Business Value of a Strategic Asset Management Plan (SAMP)
Explains why organisations need a SAMP, outlining its role in improving decision‑making, reducing risk, and aligning asset management with overall business strategy. Provides the business case and expected benefits.