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ISO 55000 Asset Management: The Opportunity is Now! January 14, 2014

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Page 1: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

ISO 55000 Asset Management:The Opportunity is Now!

January 14, 2014

Page 2: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Love!

Page 3: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

ISO 55000 has been published!!!

Page 4: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

News

Available from ANSI and other standards distributors

Search for “ANSI Store”, then “ISO 55000”

Cost $330 for a compilation of the three documents

Page 5: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

ISO 55000 Series Structure

ISO 55000: Asset Management - Overview, Principles and Terminology

ISO 55001: Asset Management – Management Systems - Requirements

ISO 55002: Asset management — Management systems — Guidelines for the application of ISO 55001

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Page 6: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

But What Does the Standard Say?

Page 7: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

The Context

Page 8: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Page 9: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

Page 10: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance

Page 11: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisions

Page 12: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk

Page 13: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputs

Page 14: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputsdemonstrated social

responsibility

Page 15: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputsdemonstrated social

responsibilitydemonstrated compliance

Page 16: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputsdemonstrated social

responsibilitydemonstrated complianceenhanced reputation

Page 17: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputsdemonstrated social

responsibilitydemonstrated complianceenhanced reputation improved organizational

sustainability

Page 18: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Benefits of Asset Management

improved financial performance informed asset investment

decisionsmanaged risk improved services and outputsdemonstrated social

responsibilitydemonstrated complianceenhanced reputation improved organizational

sustainability improved efficiency and

effectiveness

Page 19: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Asset Management Fundamentals

Page 20: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

Fundamentals: Value

Existing Focus Lifecycle cost Total Cost of Ownership (TCO)

Future Focus Value CreationCreate Value for

your Organization

Page 22: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Fundamentals: Alignment

Objectives into actions

Integration

A supporting Asset Management System

Page 23: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Fundamentals: Leadership

Workplace culture

Roles and responsibilities – and authority

Awareness

Stakeholder involvement

Page 24: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Fundamentals: Assurance

Assets fulfill purpose

Processes

Connection to organizational objectives

Continual improvement

Necessary resources

Page 25: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Page 26: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Asset Management

System

Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

Page 27: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Asset Management System

Page 28: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

ISO 55001/55002 Structure

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

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Page 29: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Asset Management

System

Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

Page 30: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Asset Management

System

Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

Asset Portfolio Assets that are within

the scope of the assetmanagement system

Page 31: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

Asset

Asset is an item, thing or entity that has potential or actual value to an organization

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Page 32: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

The Asset Management Lifecycle

ISO 55000 is strategic level document

Lifecycle is the bottom level concept

Current NPMA/ASTM E53 lifecycle guidance connect operations to ISO 55000 strategic concepts

Page 33: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

US Government Property

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Where do we stand?

Page 34: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

The Good News

You are already doing Asset Management better than the rest of the world

98+% accuracy is beyond the most aggressive goals of organizations around the world

Familiarity with compliance and an audit environment

Page 35: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

The Good News

Documented policies and procedures

That are being followed!

Historical transaction data

Say it, do it, prove it

Page 36: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

The Good News

Centralized, system level approach

Excellent Asset Management registries

Established systems for Asset Management

A record of success

Page 37: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

The Delta

Top Management visibility and impact

The missing FMR

Integration

Planning

Page 38: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

The Best News

Organizations using these principles around the world are realizing significant cost savings

What’s necessary isn’t new money, but smarter use of existing money

There are achievable savings beyond the cost of implementation

Page 39: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

The Beginning!

Page 40: January 14, 2014. © 2012 Sunflower Systems  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost

© 2012 Sunflower Systems

Managing the Organisation

Asset Management

Coordinated activity of an organization to realize value from assets

Asset Management

System

Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

Asset Portfolio Assets that are within

the scope of the asset management system