High level overview of why ISO 55000 is better than Sleeping Pills. for the following reasons ISO-55000 states, The benefits of asset management can include, but are not limited to the following: Improved financial performance; Informed asset investment decisions; Managed risk; Improved services and outputs; Demonstrated social responsibility; Demonstrated compliance; Improved efficiency and effectiveness; https://committee.iso.org/sites/tc251/social-links/resources/known-certified-organizations.html

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A Quandary
What Keeps Utility People
Awake At Night ?

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The Primary Issues
• Pressure to cut rates while improving reliable service à Do more
with Less
• Demand to be GREEN without rate increases
• Availability of Qualified Workforce now, Today & 15 years from
today
• Regulatory Compliance
• Contingency Planning & Reserves
• Resilience on a network with growing demand for Water, Gas &
Electricity
• Long term capitalization planning on an aging infrastructure

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What is ISO 55000?
The ISO 55000 series comprises three documents, designed to
apply as a comprehensive set:
• ISO 55000 provides an overview and definitions around
asset management and the benefits of applying the
international standards.
• ISO 55001 specifies the requirements for the establishment,
implementation, maintenance and improvement of an asset
management system.
• ISO 55002 provides guidance for the implementation of
such a management system.

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So How Would ISO-55001 Certification Help?
ISO-55000 states, The benefits of asset
management can include, but are not limited to the
following:
• Improved financial performance;
• Informed asset investment decisions;
• Managed risk;
• Improved services and outputs;
• Demonstrated social responsibility;
• Demonstrated compliance;
• Improved efficiency and effectiveness;

5. © - AJAG & Affiliates 2017 - 2018
Is the World Leaving the U.S. Behind?

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Let’s Look at what the rest of the world is doing!

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Trending – Mandated ISO-55001
Certifications
• In Latin America, the first country that announced
compulsory implementation of 55k is Colombia, whose
power & gas regulator CREG last year announced that in
5 years’ time all power utilities must be 55k certified.
• The Chilean regulator is following closely behind, although
they have not formally announced a similar mandate yet.
• Can Argentina, Brazil, Costa Rica and Mexico be far
behind?

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ISO-55000 Success Story - International

9. © - AJAG & Affiliates 2017 - 2018
Triple Bottom Line Savings at Scottish Power
SP 20% Reduction of Total Operating Costs of 3.6B GBP
equates to 700M GBP or $900M
IChemE award for Process safety not only reduces EHS
insurance premiums (direct reduction to the bottom pound )
BUT also reduces HR costs - “better /safer place to
work” )

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Triple Bottom Line Savings at Scottish Power
(Cont.)
Scottish Power Generation was allocated 13,909 tons of free
emissions allowances in relation to a small CHP plant in 2017,
compared to 14,178 tons in 2016
Increased plant availability (22%); there is less waste, so they
can allocate that allowance to another operation OR increase
political goodwill by giving this back to the UK government

11. © - AJAG & Affiliates 2017 - 2018
What Is The Cost Benefit of ISO-55001
Certification To U.S. Utilities?
Will Williams addresses the cost benefit of ISO-55001
Certification versus using the ISO-55000 series of standards as
a model for achieving asset management.
• Will Williams paper, ” U.S. Utilities Weigh The Cost And
Benefit Of ISO 55001 Certification”

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Recent Drivers for ISO-55000 Certification
Mandate in the US
• National Asset Leadership Strategy (NALS)
• The release of GAO-19-57 sets the stage
• USACE Civil Works, WAPA, BPA
• Now is the right time – Reduction in Regulatory
Requirements and Emphasis on Standards

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Question?
Will regulators eventually mandate ISO-55001
Certification?
or
Will the U.S. embrace ISO-55000 Certification on their
own because they recognize the full benefit of the
standard?
or
Will the U.S. embrace ISO-55000 as a model without
seeking certification?

14. © - AJAG & Affiliates 2017 - 2018
Question?
Should we implement a CMMS/ERP/EAM
Software Solution before implementing
ISO 55000?

15. © - AJAG & Affiliates 2017 - 2018
Questions & Next Steps
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