Leaders in Asset Management

ISO 55000Asset Management

Systems

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Prepared by

Jim Dieter, MIAM CPPM CF

NPMA Executive Vice President

Director of Strategic Programs,

Sunflower Systems

Leaders in Asset Management

Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

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ISO Management System Standards

Great impact and respect in the US Executive Level visibility Examples:

• ISO 9001 – Quality Management System Standard

• ISO 14001 – Environmental Management System Standard

• ISO 50000 – Energy Management System Standard

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ISO 55000 Series of Standards

ISO 55000 Overview, principles and terminology• The CEO level document• Principles and definitions set the tone for the

other documents ISO 55001 Requirements

• The “shall” statements ISO 50002 Guidelines

• Same content as 50001, but with guidance for each section

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ISO 55000 Timeline

June 2010 – Decision to move forward• BSI PAS 55 as base document

November 2010 – ISO approval to begin March 2011 – Meeting in Australia to consider

comments on initial draft October 2011 – Meeting in Arlington to transform

comments into solid new drafts 2012 – Solidify draft documents 2013 – ISO process (translation and balloting) March 2014 – Approved standard

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Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

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ISO PC251

The ISO committee tasked to draft the standard is ISO Planning Committee (PC) 251 Chair – Rhys Davies of the UK Secretary – Charles Corrie of ISO and the BSI

ISO member countries each have a national standards body that can choose to participate in the development of a specific standard

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ISO PC251

ANSI is the US national standards body ASTM and committee E53 have been

designated by ANSI as the host of the official US Technical Advisory Group (US TAG) representing the US in the development of ISO 55000

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US TAG Member Organizations

AEDC AES ASTM

DOBLE DOE/Princeton DynCorp International

Genzyme GP/Allied GSA

JHU/APL Lockheed Martin Meridium

NASASP Northrop Grumman

ORNL/NPMA

Raytheon SRA International Stratum Consulting

Sunflower Univ of Wisconsin School of Engr

Uptime Magazine

Vesta Parnters NPMA NY Subway

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ISO/PC251 Participating Members

1. Argentina2. Australia3. Canada4. Czech Republic5. Denmark6. Finland7. Germany8. India

9. Ireland10. Italy11. Republic of Korea12. Netherlands13. Mexico14. Peru15. Portugal16. South Africa

17. Spain18. Sweden19. United Kingdom20. United States of America21. United Arab Emirates22. Japan23. France24. Switzerland

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Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

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Terminology

Asset - something that has current or potential or actual value to an organization

Asset Life - period from conception to end of life

Responsibility period - period of value realisation from an asset by an organization

Asset management - coordinated activities of an organization to realise value from assets

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Asset Responsibility Period

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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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The Three Disciplines of Asset Management

Asset Performance Management• Operational• Deriving value from the asset

Asset Assurance Management• Records and compliance• Interface to internal and external stakeholders

Asset Portfolio Management• High level planning• What do we have, and what should we have?

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Asset Management Principles

Assets provide value to stakeholders. People are key determiners of asset value

realization. An asset management organization is a learning

organization. Asset management knows internal and external

context, enablers, and opportunities. Asset management decisions consider future

economic, environmental and social implications. Asset management transforms strategic intent into

technical, economic and financial activities.

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ISO Required Management System Definition

Asset 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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Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

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What’s in it for the NPMA?

Opportunities and Decisions• How should the NPMA engage with other

Asset Management organizations in the US?

• How should the NPMA engage with other national and international Asset Management organizations?

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What’s in it for the NPMA?

The NPMA Advantage – How we fit into the global and US Asset Management environment

Our unique market/niche/area of expertise: US Public Sector Compliance / Assurance Management

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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 your organization is doing the right things

Focus is on supporting the mission and objectives of your organization

Realizing value from the organization’s assets

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What’s in it for you?

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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Thank you!

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