Which of the following is NOT a component of the asset management system?

• A. Asset management policy
• B. Asset management objectives
• C. Strategic asset management plan
• D. Employee handbook

Answer: (D)

Asset management systems are built around formal governance elements that set direction, define what success looks like, and outline how assets will be managed over their lifecycles. An asset management policy expresses senior management's intent to manage assets consistently and responsibly. Asset management objectives translate that intent into measurable outcomes. The strategic asset management plan describes how the organization will reach those objectives, detailing capabilities, processes, resources, and performance metrics. The employee handbook, while important for workplace expectations and human resources, doesn’t define how assets are planned, delivered, or controlled within the asset management framework, so it is not a component of the asset management system.