ISO 55000 - Where are your key assets?

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Many organizations struggle with their asset management strategy, the new ISO 55000 standard will help; developing an organization-level policy and provides guidance on successfully implementing the changes to your organization

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  • One longtime, ongoing discussion resolved in a simple manner.
  • ISO 55000 - Where are your key assets?

    1. 1. ISO 55000 What is ISO 55000? Where are your key Assets? F.A. Lopez
    2. 2. Asset Management is Risk Management • When will the next disaster occur? When will the next industrial accident occur? Where are your global assets? What about climate change? • Risk management and awareness – should be a key concern among business executives and government officials; and responsible employees and their employers. • There is a need for an element of stability and standards including awareness of key assets – tangible and intangible
    3. 3. ISO 55000 • ISO 55000:2014 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. • ISO 55000:2014 can be applied to all types of assets and by all types and sizes of organizations.
    4. 4. ISO 5500x family of standards • The ISO 5500x family of standards will align and integrate with other major management systems specifications, so that an integrated approach can be established for good practices on all key aspects of professional operations. • • These include ISO 9001 for quality management, ISO 14001 for environmental management, OHSAS 18000 for occupational health and safety, and ISO 31000 for risk management.
    5. 5. Benefits of optimized asset management • Alignment of processes, resources and functional contributions (instead of departmental silos and competing, short-term priorities) • Creating a transparent audit trail for what is done, when and why. • Better understanding and usage of data and information to provide informed and consistent decisions. • Improved planning (especially capital expenditure) • Consistent, prioritized and auditable risk management. • Alignment and coordination of existing initiatives, including competency development. • Greater engagement of the workforce, including leadership, communications and cross-disciplinary teamwork.
    6. 6. 6 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 System
    7. 7. ISO 55000 – Three Standards 1. ISO 55000 provides an overview of the subject of asset management and the standard terms and definitions to be used. 2. ISO 55001 is the requirements specification for an integrated, effective management system for assets. 3. IS0 55002 provides guidance for the implementation of such a system.
    8. 8. ISO 55000 The first edition of the ISO 55000 standard was released January 15, 2014. It consists of these three components. ISO 55000 - Overview, principles and terminology 2. ISO 55001 - Requirements 3. ISO 55002 - Guidelines on the application of ISO 55001 1.
    9. 9. Organizations – Set Standards • 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
    10. 10. A few Videos on ISO 50000 (and PAS-55) • https://www.youtube.com/watch?v=97gOiLPGE24 - An Introduction to Asset Management & ISO 55000 • https://www.youtube.com/watch?v=H19bf09PYZg - Asset Management Explained (Session 1 - Asset Management : Preparing for ISO 55001) • https://www.youtube.com/watch?v=c7N9XXMRdD4 - ISO 55000 Training & Workshops • https://www.youtube.com/watch?v=-L72qeaccmM - PAS55: An Introduction to the Asset Management Standard
    11. 11. Thank you for your time. F.A. Lopez - holds a Master’s Degree in Business, Bachelor’s Degree in Science, Green Six Sigma, Certificate in Urban & Regional Planning, and Certificates in Advanced Power Quality and Energy Management. Email – felixlopezmail@gmail.com

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