GFMAM Asset Management Landscape 7.2 – Monitoring
THIS VIDEO IS FROM THE FREE COURSE – GFMAM Asset Management Landscape | Organisational Change Management (OCM) perspective (https://elearning.applyingassetmanagement.com)
This module explores Subject 7.2 – Monitoring from the GFMAM Asset Management Landscape (Version 3, 2024).
It focuses on how organisations define, measure, and evaluate asset management performance to ensure objectives are being achieved and continual improvement is sustained.
The lesson outlines how to:
~Establish clear and relevant KPIs that align with strategic and operational objectives.
~Monitor the delivery of asset management plans, strategies, and outcomes.
~Use audits, maturity assessments, and benchmarking to evaluate performance objectively.
~Identify performance gaps, improvement opportunities, and emerging risks.
Communicate results transparently to build trust and accountability.
From an Organisational Change Management (OCM) perspective, this subject highlights the leadership and cultural aspects required to create a performance-focused and learning-oriented organisation. It considers how to:
~Co-design KPIs with stakeholders to ensure alignment and understanding.
~Shift perceptions from compliance-driven assessment to learning and improvement.
~Embed accountability for results through dashboards, reporting, and role expectations.
~Maintain transparency by communicating both successes and challenges openly.
~Address resistance to new performance measures through clear rationale and engagement.
~Reinforce a culture of continuous improvement by linking assessments to feedback, recognition, and development plans.
This subject aligns with ISO 55001:2024 clauses:
~9.1 Monitoring, measurement, analysis, and evaluation
~9.2 Internal audit
To explore further:
https://elearning.applyingassetmanagement.com
— On Demand Training
https://www.structuredchange.com.au
— Change Management supporting Asset Management
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