ISO 55000
Asset Management
Systems
Prepared by
Jim Dieter, MIAM CPPM CF
NPMA Executive Vice President
Director of Strategic Programs,
Sunflower Systems
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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 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
9. Ireland
1. Argentina
10. Italy
2. Australia
11. Republic of
3. Canada
Korea
4. Czech Republic 12. Netherlands
5. Denmark
13. Mexico
6. Finland
14. Peru
7. Germany
15. Portugal
8. India
16. South Africa
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17. Spain
18. Sweden
19. United Kingdom
20. United States of
America
21. United Arab
Emirates
22. Japan
23. France
24. Switzerland
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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