Matt Cole

12 Pillars of Asset Management

From Data to Decisions: A Blueprint for Asset Management.

Overview

When I took on leadership of the Engineering and Asset Management Department at Manchester Metrolink, we faced a contractual commitment to achieve ISO 55001 accreditation. The reality was stark: apart from a Maintenance Management System, there were no policies, plans, or management systems in place. On the engineering side, things were equally fragmented.

I approached the challenge with a simple belief: asset management is an extension of good engineering practice. By strengthening our engineering systems, the asset management framework would naturally emerge as a by-product — structured, integrated, and sustainable.

From this foundation, the Twelve Pillars of Asset Management were developed — a framework that connected engineering discipline with asset management principles, creating a system capable of meeting ISO 55001 and delivering long-term value.

Twelve Pillars

Asset Information & Data Governance
Accurate, reliable, and accessible asset data.
Document Management
Controlled storage and retrieval of engineering records.
Configuration Management
Tracking and managing system configurations.
Engineering Change Control
Structured process for approving changes.
Risk Management
Identifying and mitigating risks to assets.
Maintenance Management
Planned and corrective maintenance activities.
Condition Monitoring
Real-time asset performance monitoring.
Competency Management
Ensuring staff have the right skills.
Asset Renewals / Enhancements
Structured planning of renewals and upgrades.
Planning & Access
Optimising access to the network for works.
CMMS
System for managing maintenance.
Compliance Management
Ensuring adherence to standards and obligations.

Documentation

As the twelve systems matured, it became clear that each required a consistent level of governance through documentation. We agreed on a standard approach: at the highest level, each system is defined by its System Plan, followed by supporting procedures, and then more detailed artefacts such as forms, guides, and registers. This hierarchy ensured clarity, consistency, and traceability across all management systems.

This is why we chose to develop the Document Management System first — once this foundation was in place, all other documents could flow naturally from it.

Integration & Maturity Assessment

The team recognised a bigger problem emerging across the business: the new asset management systems were often resisted and perceived as extra work. We had not invested enough effort into managing change — a challenge I later reflected on in Great Solutions Can Fail →.

To address this, we introduced a mechanism to measure the effectiveness of each system along two dimensions:

  • Integration — how well the system was embedded into business practice, assessed through the stages:Design → Build → Approve → Brief → Integrated.
  • Maturity — how advanced the system had become, progressing from:Innocent → Aware → Developing → Competent → Beyond ISO.

This dual view gave us a clear, structured way to track progress and focus efforts where they were most needed.

Impact

The introduction of the Twelve Asset Management Systems has fundamentally transformed the way the business manages its assets. What began as fragmented processes and ad-hoc practices has evolved into a structured, integrated framework that drives consistency, accountability, and long-term value.

By establishing clear governance, documentation standards, and measurable levels of integration and maturity, the business has achieved:

  • ISO 55001 accreditation and satisfied its contractual obligations.
  • Greater reliability and resilience in asset performance through systematic maintenance, monitoring, and renewals.
  • Enhanced decision-making, with accurate, accessible asset information and risk-based insights guiding investment and operational priorities.
  • Cultural change, embedding accountability and competency development across teams and reducing resistance to new systems.
  • A foundation for continuous improvement, enabling the business to evolve beyond baseline standards and pursue excellence in asset management.

Together, these systems have shifted asset management from being seen as “extra work” to being recognised as the backbone of efficient, safe, and sustainable operations.

Final Thoughts

Going from zero to a fully functioning and accredited asset management system is a great feeling. This was a true team effort — built on securing funding, reshaping roles and responsibilities, setting a clear vision and strategy through the Strategic Asset Management Plan, and taking the organisation on a multi-year journey of change.

Although I was not there to see the final accreditation achieved, I felt immense pride in the team, the structure, and the systems we put in place — ensuring a lasting legacy that continues to deliver value long after my direct involvement.

Some considerations if you are tackling anything similar:

  • Ensure senior leadership understand what asset management is and the value it can deliver for the business and the industry.
  • Focus on incremental change and deliver visible value to the frontline with each improvement.
  • Identify key decision-makers early, engage them, and secure their support from the start.
  • Find and convert critics — welcome feedback, as it's one of the most effective tools for building a successful system.

This journey doesn't end with accreditation; it marks the start of continuous improvement, pushing the business beyond compliance toward excellence.