Asset Management Policy
Top management must define the policy for asset management and document it in an appropriate form. The asset management policy is often written as a relatively short statement in a separate document or as part of the strategic asset management plan (SAMP). It contains guidelines for setting asset management objectives as well as a general obligation to implement the requirements and to continuously improve the asset management system.
The asset management policy must be communicated within the organization and must also be accessible to relevant stakeholders.