iso 55000 feb13

ISO 55000 Asset Management Systems

February 2013

Jim Dieter, MIAM CPPM CFDirector of Strategic Programs, Sunflower Systems

ISO 55000 Asset Management Systems

• The release of ISO 55000 Asset Management will be a seminal event for asset holding organizations and for all of us as Property and Asset Management Professionals

• How can you leverage this incredible opportunity to benefit your organization and your career?

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The Need for Standards

• Risk awareness has become a very high concern among business executives and government officials:• The world has suffered from major

industrial disasters, the financial crisis and great recession, and continued global instability caused by civil unrest and economic duress of certain nations

• There is a need for an element of stability and this standard intends to be a leveling force for international trade

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Background: Standards Organizations

• ISO – International Organization for Standardization, European based developer of international standards

• ANSI – American National Standards Institute

• ASTM – ASTM International is a US based developer of international standards

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Standards Development Committees

• ASTM E53 – ASTM standards committee for asset management standards, and the ANSI sanctioned host of the US TAG to TC/251

• TC/251 – ISO Technical Committee tasked with developing a management system standard for Asset Management

• US/TAG (US Technical Advisory Group ) - ANSI sanctioned US group participating in TC/251

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US/TAG Participating Organizations

Stratum Consulting Partners

E-ISG Asset Intelligence

Test6

ISO/TC251 Participating Countries

1. Argentina2. Australia3. Canada4. Chile5. China6. Czech Republic7. Denmark8. Finland9. Germany10. India

11. Ireland12. Italy13. Republic of Korea14. Netherlands15. Mexico16. Norway 17. Peru18. Portugal19. South Africa

20. Spain21. Sweden22. United Kingdom23. United States of America24. United Arab Emirates25. Japan26. France27. Switzerland

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Timeline Status

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

Stage Working Drafts Cttee Drafts DISCommentsResolution

FDIS

April 2013 Feb 2014Jun 2012Feb 2012Oct 2011Mar 2011

May 2011

DistributeWD2

Sep 2011

WD2 Comments RCVD

CD1For Comment

CD2For Ballot

DIS

February 2014

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ISO Definition ofManagement System

• Management System – Set of interrelated or interacting elements of an organization to establish policies and objectives, and processes to achieve those objectives

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ISO 55000 Asset Management System

• These standards describe a Management System for Asset Management

• They do not describe processes for the management of assets

• ASTM E53 standards (and other guidance) cover lifecycle functions of the management of assets

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ISO 55000 Series Structure

ISO 55000: Overview, Principles and Terminology

• ISO 55001: Requirements

• ISO 55002: Guidelines

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ISO 55000: Definitions

• Asset – something with potential value to an organization and for which the organization has a responsibility

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ISO 55000: Definitions

• Asset – something with potential value to an organization and for which the organization has a responsibility

Value!14

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Value Destruction

Over $2 B in cleanup costsOver $60 B in lost stock value

Asset Management

• Asset management enables the realization of value from assets

• Value realization is achieved through the use of analytical approaches and implementation processes that have similar core characteristics, no matter what the industry

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ISO 55000: Definitions

• Asset – something with potential value to an organization and for which the organization has a responsibility

• Asset System - group of assets that interact and/or are interrelated so as to deliver a required business function or service

• Asset = Asset System17

ISO 55000 Series Structure

• ISO 55000: Overview, Principles and Terminology

ISO 55001: Requirements

ISO 55002: Guidelines

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ISO 55001 and 55002

• The ISO 55001 and ISO 55002 documents share the same structure• ISO 55001 covers requirements• ISO 55002 covers guidance

• The details are of course not yet finalized, but key concepts are unlikely to significantly change

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ISO 55001/55002 Structure

• The Organization• Leadership• Plans• Support• Operation• Performance Evaluation• Improvement

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The Organization

• Stakeholders, not just shareholders– Triple bottom line - People, Profit and Planet – Quadruple bottom line – adds a Spiritual

component • Scope – what assets are included?• System interfaces

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Leadership

• Top management involvement• Continual improvement• AM integrated with business processes• Adequate resources available• Establish an Asset Management Policy• Alignment with organizational strategic

plan

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Plans• Establish an Asset Management Plan• Measurable objectives• Risk management• Monitored and communicated

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Support

• Provide necessary resources• Assure competence of people doing the

work• Awareness• Information requirements• Documentation

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Operation

• Process control• Change management• Control of any outsourced activities

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Performance Evaluation

• Monitor and measure• Analysis and evaluation• Internal audit• Management review

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Improvement

• Nonconformity and corrective action• Preventive action• Continual improvement

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Management Systems Assessments

• Has anyone participated in an ISO 9001 assessment audit?

• Other ISO Management System Audits?

• If you have, ISO 55001 assessment audits will likely look very familiar

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What’s in it for your organization?

• ISO 55000 promises to be a widely recognized and adopted international standard

• Assurance that the right things are being done• Focus is on supporting the mission and objectives

of the organization• Realizing value from the organization’s assets• The opportunity to differentiate your organization

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What’s in it for you as individuals?

• Better enable all of us to do our jobs• Increased management awareness of

asset management• More “transportable” job skills and

expertise• More opportunities

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Actions

• Awareness– Personal awareness– Organizational awareness

• Become an ISO 55000 expert • Develop change management skills• Build AM relationships across

organizational silos• Realize value from organizational assets

Start Now! 31

Three Word Summary

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Three Word Summary

• Value

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Three Word Summary

• Visibility

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Three Word Summary

• Opportunity

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Three Word Summary

• Value• Visibility• Opportunity

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ASTM E53.10 Committee ISO Asset Management Activities

US/TAG Officers:Chair: James Dieter, CPPM CF, Sunflower Systems,

jdieter@sunflowersystems.com  

Vice Chair: Scott Morris, Genzyme, scott.morris@genzyme.com

Recording Scott Pepperman, Executive Director, National Association Secretary: for the State Agencies for Surplus Property,

ExecutiveDirector@nasasp.org

Membership Kim Doner, CPPM, SRA International, kim_doner@sra.com Secretary:

ASTM Staff Katerina Koperna, ASTM International, kkoperna@astm.orgManager

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