ISO ASSET MANAGEMENT STANDARDS STANDARDS UPDATEUPDATE

23rd June 2014

Asset ManagementAsset ManagementAsset Management is not so much about ‘doing things g g gto assets’ but about using assets to deliver value and

achieve the organisation’s explicit purpose.

Not so much about minimising costs or maximisingperformance, but optimizing them.

The need for an element of stability and standards including awareness of key assets – tangible and

intangible This is why PAS 55 evolved into ISO 55000

2

intangible. This is why PAS 55 evolved into ISO 55000.

Why do we care?Why do we care?AM Standards - Value Proposition

1. The alignment of processes, resources and functional contributions instead of departmental silos and competing, short-term priorities.

2. Improved business revenue, safety, financial performance and sustainability3. Company wide awareness and competency based trained staff for sustainability

of procedures4. Tools and techniques to include key AM dimensions of proactive

maintenance/integration and engineered reliability5. Auditing and review processes based on continuous improvement and aligned g p p g

to quantified business benefits - transparent audit trail6. Improved planning, especially for capital expenditure7 Reduced production inefficiencies and achieve greater cross-disciplinary7. Reduced production inefficiencies and achieve greater cross disciplinary

teamwork.

3

AM StandardsAM StandardsInsights into the integration and optimization of asset management have

PAS 55

Insights into the integration and optimization of asset management have developed since the 1990s.

• PAS 55 was a Publicly Available Specification published by the British Standards Institution in 2004 (revised in 2008).• It has been superseded by the ISO 55000 series of Asset ManagementIt has been superseded by the ISO 55000 series of Asset Management standards in January 2014.

ISO 55000 (not to be confused with ISO 50000: Energy Management)ISO 55000 (not to be confused with ISO 50000: Energy Management)• Provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset managementmanagement.• ISO 55000:2014 can be applied to all types of assets (inc. intangible) and by all types and sizes of organizations.

Both: Optimal management of assets

4

ISO 55000

ISO 55000: provides an overview of the subject of asset management and the standard terms and definitions to bemanagement and the standard terms and definitions to be

used.

ISO 55001: is the requirements specification for an integrated, effective management system for assets.

ISO 55002: provides guidance for the implementation of such a system

5

a system.

ComparisonALIGNMENT

Most important features of PAS 55 are well represented and indeedexpanded upon in ISO 55000 However the structure of the requirementsexpanded-upon in ISO 55000. However the structure of the requirementsspecification is substantially changed. This is because all ISO standardsfor management systems must now follow the standardised terminologyand layout Other management system standards such as ISO 9001 andand layout. Other management system standards, such as ISO 9001 andISO 14001 also follow this structure.

SCOPEMuch more generalised.

TERMINOLOGYDefinitions are simplified and generalized in line with the broader scope

6

Definitions are simplified and generalized in line with the broader scope.

Comparison

REQUIREMENTSCompared to PAS 55, ISO 55000 requires a much greater understanding ofthe context of the organisation, and stakeholders’ needs and expectations,along with increased focus on leadership.

RISK MANAGEMENTThe required steps for risk management are reduced within ISO 55001, assuch detail is provided in the ISO 31000 Risk Management standard.such detail is provided in the ISO 31000 Risk Management standard.Additional asset management-specific requirements for risk management,however (such as the management of risks that change with time), areretained within ISO 55001.

AUDITS AND DOCUMENTATIONThe requirements for audit and documented information have been

7

The requirements for audit and documented information have beentightened in ISO 55001.

Comparison

STRUCTURE

p

STRUCTUREStrategies for managing assets and strategies for improving assetimproving asset management split into discrete requirements.

LEFT: Relationships between key elements of an asset management s stemasset management system.

The grey highlighted box designates the boundary of the asset management system.

8

9

ISO 55000ISO 55000ISO 55000 can align and integrate with other major management systemISO 55000 can align and integrate with other major management system standards, so that an integrated approach to operations can be established.

10

Asset ManagementAsset ManagementWhy is the alignment of standards <-> operational groups important?

Asset Strategies integrated with Environmental Management?

ISO 9001Quality Management

ISO 14001ISO 14001Environmental Management

OHSAS 18000Occupational Health and Safety

ISO 31000Risk Management

11

ISO 55000Asset Management

Asset ManagementAsset ManagementWhy is the alignment of standards <-> operational groups important?

Asset Strategies integrated with Environmental Management?Condition Based Maintenance integrated with Quality Management?

ISO 9001Quality Management

ISO 14001ISO 14001Environmental Management

OHSAS 18000Occupational Health and Safety

ISO 31000Risk Management

12

ISO 55000Asset Management

Asset ManagementAsset ManagementWhy is the alignment of standards <-> operational groups important?

Asset Strategies integrated with Environmental Management?Condition Based Maintenance integrated with Quality Management?Failure Analysis & Root Cause Mitigation integrated with Risk Management?

ISO 9001Quality Management

ISO 14001ISO 14001Environmental Management

OHSAS 18000Occupational Health and Safety

ISO 31000Risk Management

13

ISO 55000Asset Management

ISO 55001ISO 55001“Compliance with all the requirements of ISO 55001 should be considered as achieving only the minimum starting point for an effective asset management system and should not be seen as the final goal.”

For example: “10.1.1: The organization should establish plans and t t l f iti Thi b li h d bprocesses to control nonconformities…This can be accomplished by

documenting and reviewing past nonconformities, evaluating how the consequences were dealt with, and by determining methodologies to prevent future nonconformity ”

“10 3 3 Th i ti h ld ti l k d i k l d

prevent future nonconformity.”

“10.3.3: The organization should actively seek and acquire knowledge about new asset management related technology and practices…including conferences, seminars”

14

ConclusionConclusion

PAS 55 published by BSI (British Standards Institution)

The International Standards Organisation (ISO) used PAS 55 as the basis for development of the ISO 55000 series of international standards

BSI have just published a Transition Guide for moving from PAS 55 to ISO 55001 available here: http://shop.bsigroup.com/forms/Asset-Management-Transition-Guide/

15

TBOGI HDTBOGI‐HD

Thank you!