Possible (Probable!) ISO
Asset Management Standards
NPMA Chapter Presentation
January 2011
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The Institute of Asset Management (IAM)
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ISO authorises PC251 on Asset Management
10 August 2010
The Technical Management Board of ISO has recently authorised Project
Committee 251 to develop an International Standard on Asset
Management.
TECHNICAL MANAGEMENT BOARD RESOLUTION 101/2010
Establishment of a new PC on Asset management
The Technical Management Board, establishes a Project Committee on
Asset management and allocates the secretariat to BSI (United Kingdom).
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Background
• The Institute of Asset Management (IAM) is
a UK based asset management
association.
• It’s ‘motto’ is: “the professional body for
through-life management of physical
assets”.
Publishes ‘Assets Magazine’
Membership: 360 individuals and 64
corporate
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Background
• In 2004, IAM, through the British Standards
Institute (BSI), published “Publicly Accepted
Specifications” (PAS) for Asset
Management:
• PAS 55-1:2008, Part 1: Specification for
the optimized management of physical
assets
• PAS 55-2:2008, Part 2: Guidelines for the
Application of PAS 55-1
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Background
• BSI has proposed three international
standards for Asset Management based on
PAS 55-1 and 55-2:
• Asset management - Overview, principles
and terminology
• Asset management – Requirements
• Asset management - Guidelines on the
application of ISO ????? (where ?????
represents the number to be applied to
the "Requirements" standard)
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Background
• International Organization of Standards
(ISO):
• Comprised of many nation members.
• Each member nation gets one vote
• ANSI votes for the US
• Consensus is not required; a 75%
‘approved’ vote is
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NPMA Response
The Council on Standards (COS), acting as the
E53.90 Executive Subcommittee reviewed the
proposed standards as well as PAS 55-1 and PAS
55-2. Findings are:
• They are fine documents
• High level, ‘consultant grade’ documents, do not
get into a lot of specifics.
• Does not get into the level of detail that NPMA
documents and/or ASTM Property VCSs do; the
ASTM E53 standards fit nicely into many of the
niches in the proposed ISO standard.
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E53 Response
Formed Subcommittee E53.10, ISO Asset Management Activities,
officers:
Chair:
Lyle Hestermann, CPPM CF, MIAM
Vice Chair:
James Dieter, CPPM CF
Recording
Secretary:
Scott Pepperman
ASTM Staff
Manager
Pat Picariello
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E53.10 Response
•
•
Subcommittee E53.10 has applied to ANSI to form a Technical
Advisory Group (TAG) for PC251
ANSI approved/accepted our application in early December
2010.
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Who Can Participate?
Anybody can participate in E53.10 or the proposed TAG.
However, to form and maintain a TAG, ANSI requires an
application fee as well as an annual maintenance fee. In order to
generate those fees, the TAG is offering full voting memberships,
for a fee. Contact E53.10 officers for further details.
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What Do The Proposed
Standards Look Like?
• This International Standard is applicable to all types of organizations
• The organization shall establish, document, implement, maintain and
continually improve an asset management system in accordance with
the requirements of this International Standard.
• The organization shall define and document the scope of its asset
management system.
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Considerations
An organization should consider, but not limit itself to, the following items
within its review:
⎯ the organizational strategic plan;
⎯ legal, regulatory and other mandatory requirements;
⎯ identification and evaluation of the asset management risks faced by
the organization;
⎯ existing asset management practices, process(es) and/or procedure(s);
⎯ the performance of the assets and asset systems (including suitability,
utilization, condition, longevity and costs);
⎯ feedback from the investigation of previous incidents, accidents and
emergencies;
⎯ relevant management systems, competencies and available resources
(internal and external).
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Considerations
• Stakeholder requirements
• Risk
• Self Audit
• Periodic Review
• Historical Data
• Benchmarking
• Best Practices
• Management Review
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What Do The Proposed
Standards Look Like?
• The organization’s top management shall
authorize an overall asset management
policy.
• Top management should arrange for the
production of the asset management policy.
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Questions?
Want to join E53.10 or the US TAG?
Contact Lyle, Jim, Scott or Pat
Lyle_V_Hestermann@Raytheon.com 260.429.4082
James Dieter, jdieter@sunflowersystems.com 703.629.9014
Scott Pepperman ExecutiveDirector@nasasp.org 717-389-5100
Pat Picariello, ppicarie@astm.org 610.832.9720
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