january/february 2016 ieee power & energy magazine 63 5.2) Policy 7.1) Resources 7.2) Competence 7.3) Awareness 7.4) Communication 7.5) Information Requirements 7.6) Documented Information 8.2) Management of Change 9.1) Monitoring Measurement, Analysis, and Evaluation 9.2) Internal Audit 9.3) Management Review 10) Improvement Asset-Management System + Relevant Support Elements 4.4) Asset-Management System 6.1) Actions to Address Risks and Opportunities for the Asset-Management Plans for Developing System Asset-Management System + Relevant Support Performance Evaluation and Improvements Asset Portfolio Implementation of AssetManagement Plans Asset-Management Plans Strategic AssetManagement Plan (SAMP) Asset-Management Objectives AssetManagement Policy 4.1) Understanding the Organization and Its Context 4.2) Understanding the Needs and Expectations of the Stakeholders 5.1) Leadership and Commitment 5.3) Organizational Roles, Responsibilities, and Authority figure 3. The relationships among key elements of an asset-management system. (Adapted from ISO 55002.) 8.1) Operational Planning and Control 8.3) Outsourcing (Control) 8.2) Management of Change 6.2.2) Planning to achieve AssetManagement Objectives 8.3) Outsourcing (Scope) 4.3) Determining the Scope of the Asset-Management System 6.2.1) Asset-Management Objectives Organizational Plans and Organizational Objectives Stakeholder and Organization Context