Asset Management Fundamentals encompasses the foundational principles and concepts of Asset Management (AM) as they apply to public sector organizations that provide services with infrastructure with the ultimate goal being the sustainable provision of services to the community the assets serve. This includes knowledge of how and why AM benefits the organization, how it is practiced in the organization, the supports and resources required by AM practitioners, and how AM drives organizational decision-making, strategy, and culture.

NOTE: This AM Competency is not like the others. It exists outside of the main AM Competency Framework and applies to non-AM Practitioners in “AM-adjacent” roles. Go to Who is the AMCF For? for more details.

Effective Behaviours:

1 – Basic Proficiency

• Familiar with basic AM concepts, terminology, principles, and objectives.
• Demonstrates a basic understanding of public sector infrastructure management and how it relates to AM.
• Beginning to make connections between infrastructure, the services infrastructure provides, and the activities within their area of responsibility.
• Beginning to recognize information important to AM decisions and processes and relay that information to decision makers.
• Recognizes critical issues and/or risks which may impact the ability of infrastructure to sustainably deliver services and refers them to the appropriate individuals or departments in the organization.
• Applies an understanding of AM and organizational data collection and quality practices to ensure records are thorough and in compliance.

2 – Intermediate Proficiency

• Applies a general understanding of AM to help identify improvements in the efficiency and effectiveness of activities supporting AM outcomes.
• Anticipates needs and effective channels for delivering relevant and timely data, analysis, and/or actions to guide and influence AM decisions and programs.
• Interprets and clearly communicates life cycle cost implications on capital and operating budgets and long-term funding.
• Collaborates actively and respectfully across teams and departments to facilitate AM objectives.
• Assesses the short- and long-term impacts of decisions, actions and/or projects on the organizations balance of service, cost, and risk.
• Applies a service mindset to organize and describe AM outcomes in terms of community needs and service delivery.

3 – Advanced Proficiency

• Embodies and fosters a culture of collaboration, trust, and collective accountability to AM principles by supporting AM communication, team building, and knowledge transfer.
• Facilitates integration of AM frameworks, tools, and processes with broader organizational systems to achieve AM outcomes.
• Improves AM-related information and analytical quality by leveraging information systems, data collection methods, and governance and sharing programs.
• Identifies and reduces direct and systemic AM-related risks and uncertainties through methodical and strategic analysis.
• Incorporates socio-economic, political, and environmental context and implications into discussions and decisions effecting the AM program.
• Supports others to develop capabilities in AM-related best practices and programs, to better align with organizational strategic requirements and facilitate continuous improvement.

4 – Expert Proficiency

• Decisions and responses reflect a comprehensive understanding of organizational and community context, and potential context-related effects and interdependencies.
• Responds adaptively and innovatively to complex, uncertain problems that may have an AM connection.
• Strives to create long-term sustainability for both the organization and the community through a holistic view of organizational goals, AM principles, and community needs.
• Utilizes a comprehensive understanding of AM industry standards, frameworks, and best practices to align organizational and AM decision, risk, and performance management systems to achieve strategic line of sight.
• Encourages active participation and collaborative innovation and continuously takes steps to ensure team members feel empowered to achieve AM goals.
• Recognized as an AM resource, who visibly exemplifies AM culture and facilitates ongoing operationalization of the organization’s AM program.

Go to the AM Functional Areas pages to see what proficiency in this competency is expected for each AM Role.

Go to the Competency Assessment page to learn how to assess your proficiency in this competency.