In the GFMAM Asset Management Landscape, which is Group 1?

• A. Group 1 - Strategy & Planning
• B. Group 2 - Asset Management Decision-Making
• C. Group 3 - Life Cycle Delivery
• D. Group 6 - Risk & Review

Answer: (A)

The main idea here is that the first domain in the GFMAM Asset Management Landscape is about setting the direction for asset management. Group 1 focuses on Strategy & Planning, which includes establishing the asset management policy, defining objectives, and creating the Asset Management Plan that translates organizational goals into asset-related priorities, budgets, and performance measures. This foundational planning sets the stage for how decisions will be made, how assets will be delivered, and how risks and performance will be reviewed.

So, the best answer identifies the domain named Strategy & Planning as Group 1. The other groups cover subsequent activities—how decisions are made, how the life cycle is delivered, and how risk and performance are reviewed—so they belong to the other groups rather than Group 1.