The Asset Management Policy provides a set of principles for the development and implementation of an organisation’s approach to Asset Management, Asset Management system, Asset Management strategy and objectives.
The Asset Management Policy should be consistent with stakeholder requirements and organizational objectives and constraints. It should also be aligned with, and consistent with, other organizational policies.
The Asset Management Policy should be supported by senior management, effectively communicated, and periodically reviewed with a commitment to continual improvement of the Asset Management system.