Asset management planning must beintegrated with financial planning, risk management, HR planning, and operational strategies. Failure to align these will result in fragmentation, inefficiencies, and potential non-delivery of objectives.
ISO 55001 requires this cross-functional integration.
IAM identifies this as a foundational success factor.
Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.4 – Asset Management Planning:
“Integration with other business planning processes—financial, risk, operations—is essential for effective delivery of asset management plans.”
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