13/3/2016

TenThingstoKnowaboutISO55000theInternationalStandardforAssetManagementLifeCycleEngineering

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TenThingstoKnowaboutISO55000the
InternationalStandardforAssetManagement
ByMikePoland,CMRP,LifeCycleEngineering
ThefirsteditionoftheISO55000standardwasreleasedJanuary15,2014.Itconsistsof
thesethreecomponents.
ISO55000Overview,principlesandterminology
ISO55001Requirements
ISO55002GuidelinesontheapplicationofISO55001

Whatswrongwithmy
EAMsystem?
Reliabilityand
MaintenanceInitiatives
thatProvideImmediate
ResultswithMinimal
Investment
DevelopingAsset
ManagementPlans
Whatcomesaftera
Gembawalk?
HowDoesImproving
MROInventory
ManagementReduce
MaintenanceCost?

Hereare10thingstoknowrelatedtothisrelease:
1.Throughthedevelopmentofthisstandard,improvementsweremadetotheformat
toincludethefollowingstructure:
a.)ContextoftheOrganization
b.)Leadership
c.)Plans
d.)Support
e.)Operation
f.)PerformanceEvaluation
g.)Improvement
2.ExistingManagementSystemsStandardsthatdontcurrentlyfollowthisstructure
willfollowitinthenextrevisionofthestandard.
3.Thisstandardisforanyassetthatcreatesvalueforanorganizationthattheyhave

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13/3/2016

TenThingstoKnowaboutISO55000theInternationalStandardforAssetManagementLifeCycleEngineering

alegalresponsibilityfor,notjustphysicalproductionassets.Thefocusofthis
standardismoreonmanagingthevalueandrisktointernalandexternal
stakeholdersthanonthemanagementoftheassets.
4.Thestandardisbasedonthe28elementscontainedinBritishStandardsInstitute
PublicallyAvailableSpecification55,part1andpart2.
5.Changemanagementwillneedtoplayasignificantroleinimplementingthis
standardtoensureclearandtransparentexecutivesponsorshipexistsandthat
boththetechnicalandpeoplesideofchangeisaccountedforinanintegrated
projectmanagementandchangemanagementplan.
6.TheRiskbasedAssetManagementimplementationmodelprovidesthevisual
phasesthatarerequiredtoensuretheinfrastructureexiststoleveragethis
standard.
7.The29elementReliabilityExcellencemodelalsoprovidestheholisticvisual
modelofthebuildingblocksrequiredforanorganizationtosuccessfullynavigate
thistransformation.
8.Thefourcomponentsoftheassetmanagementsystemare:
1.)Assetmanagementpolicy
2.)Assetmanagementobjectives
3.)Strategicassetmanagementplan
4.)Assetmanagementplans
9.Thekeyrelationshipsinthestandardare:
a.)Assetportfolioassetswithinthescopeoftheassetmanagementsystem
b.)Assetmanagementsystemasetofinterrelatedorinteractingelements
c.)Assetmanagementorganizedactivitiestorealizethevaluefromtheassets
d.)Managingtheorganization
10.Continuousimprovementisanorganizationsabilitytoimprovethesuitability,
adequacy,andeffectivenessofitsassetmanagementandtheassetmanagement
system.
TheLifeCycleInstituteoffersthreeISO55000workshopstohelpyour
organizationachieveISO55000compliance.Learnmore.

MikePoland,CMRP,istheDirectorofLifeCycleEngineeringsAssetManagement
Servicesgroup.Withmorethan25yearsofengineeringandmaintenanceexperience,
Mikespecializesinreliabilityprocessesandsystemsengineeringwithanemphasison
defectdetectionandeliminationthroughrootcauseanalysisandriskbasedinspections.
Hisapproachtoriskbasedassetmanagementandtheeliminationoflimitingfactorsfor
clientsprovidesgreatlyenhancedassetutilizationatamuchlowertotalcostof
ownership.Mikecanbereachedatmpoland@LCE.com.
2014LifeCycleEngineering,Inc.

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TenThingstoKnowaboutISO55000theInternationalStandardforAssetManagementLifeCycleEngineering

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