If you have not be working in the industry before or do not have previous work experience, you can select this option.
Alternative Option:
If you have not be working in the industry before or do not have previous work experience, you can select this option.
Choose one type of industry, look for 2-3 SAMP that are published and audit them against the standard. OR you
may just pick one SAMP and prepare an assessment report on that.
The key here is about demonstrating your understanding on the standard and needs for the SAMP, and be able to
identify what are the improvement area.
What I am looking for if you're choosing this option:
1. Demonstrate that you have review the standard and understand what they're looking for
2. Demonstrate the understanding of the standard in a review report on 1 or several SAMP you have identified
3. The report is written like a formal, review report that can be used in the real world.
The assignment should be written like a formal SAMP or like a report on gaps/maturity analysis consultants provide
to an operation or like an audit report by an auditor.
Assignment marking criteria:
Content: 20%
Structure: 5%
Overall Ranking (ranking among all students in the course): 10%
This assignment requires you to develop the Strategic Asset Management Plan (SAMP) as described by the
ISO5500X asset management standard documents. The SMAP is a document for your company operating physical
assets or an operation that you research on.
1. Review ISO55000, ISO55001, ISO55002, ISO55010
2. Review ISO55002 for guidance on application of an asset management system
3. Review the requirement of the SAMP.
Describe the Context of your operation
The Asset Management System
Discuss the function of asset management to the overall business.
Explain the operation and performance requirements for the plant/assets.
Identify the key physical assets and their operation and performance requirements for the overall
production / availability of the operation / plant.
4. The SAMP should cover all clauses requirement within the standard at a high-level.
5. Identify the target of maturity that is relevant to your business context and comment on where and
how improvement can be made
6. Develop an action plan to address the improvement you identified.
If your company already has a SAMP, then you should be conducting a maturity / gap analysis against the standard
and apply study to draft a revision of the SAMP. You cannot submit your companys published SAMP as
assignment. Previous employment/experience can also be used.
