January 14, 2014
© 2012 Sunflower Systems
© 2012 Sunflower Systems

Available from ANSI and other standards
distributors

Search for “ANSI Store”, then “ISO 55000”

Cost $330 for a compilation of the three
documents
© 2012 Sunflower Systems

ISO 55000: Asset Management - Overview,
Principles and Terminology

ISO 55001: Asset Management – Management
Systems - Requirements

ISO 55002: Asset management — Management
systems — Guidelines for the application of ISO
55001
5
© 2012 Sunflower Systems
Managing the
Organisation
© 2012 Sunflower Systems
Managing the
Organisation
Asset
Management
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from
assets
© 2012 Sunflower Systems

improved financial performance
© 2012 Sunflower Systems


improved financial performance
informed asset investment decisions
© 2012 Sunflower Systems



improved financial performance
informed asset investment decisions
managed risk
© 2012 Sunflower Systems




improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
© 2012 Sunflower Systems





improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
© 2012 Sunflower Systems






improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
demonstrated compliance
© 2012 Sunflower Systems







improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
demonstrated compliance
enhanced reputation
© 2012 Sunflower Systems








improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
demonstrated compliance
enhanced reputation
improved organizational sustainability
© 2012 Sunflower Systems









improved financial performance
informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
demonstrated compliance
enhanced reputation
improved organizational sustainability
improved efficiency and effectiveness
© 2012 Sunflower Systems
© 2012 Sunflower Systems

Existing Focus
 Lifecycle cost
 Total Cost of Ownership (TCO)

Future Focus
 Value Creation
Create Value for your
Organization

Do people buy cars to minimize TCO?
 Obviously no

People buy cars to realize value
© 2012 Sunflower Systems
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Objectives into actions
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Integration

A supporting Asset Management System
© 2012 Sunflower Systems

Workplace culture
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Roles and responsibilities – and authority
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Awareness

Stakeholder involvement
© 2012 Sunflower Systems

Assets fulfill purpose

Processes

Connection to organizational objectives

Continual improvement

Necessary resources
© 2012 Sunflower Systems
Managing the
Organisation
Asset
Management
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from
assets
Managing the
Organisation
Asset
Management
Asset
Management
System
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from assets
Set of interrelated or
interacting elements
to establish AM
policy, AM
objectives and
processes to achieve
those objectives
© 2012 Sunflower Systems
•
•
•
•
•
•
•
The Organization
Leadership
Plans
Support
Operation
Performance Evaluation
Improvement
28
Managing the
Organisation
Asset
Management
Asset
Management
System
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from assets
Set of interrelated or
interacting elements
to establish AM
policy, AM
objectives and
processes to achieve
those objectives
Managing the
Organisation
Asset
Management
Asset
Management
System
Asset
Portfolio
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from
assets
Set of interrelated
or interacting
elements to
establish AM policy,
AM objectives and
processes to achieve
those objectives
Assets that are within
the scope of the asset
management system

Asset is an item, thing or entity that has
potential or actual value to an organization
31

ISO 55000 is strategic level document

Lifecycle is the bottom level concept

Current NPMA/ASTM E53 lifecycle
guidance connect operations to ISO 55000
strategic concepts

Where do we stand?
33
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You are already doing Asset Management
better than the rest of the world

98+% accuracy is beyond the most
aggressive goals of organizations around
the world

Familiarity with compliance and an audit
environment
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Documented policies and procedures

That are being followed!
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Historical transaction data

Say it, do it, prove it
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Centralized, system level approach
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Excellent Asset Management registries
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Established systems for Asset Management
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A record of success

Top Management visibility and impact

The missing FMR
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Integration

Planning

Organizations using these principles
around the world are realizing significant
cost savings

What’s necessary isn’t new money, but
smarter use of existing money

There are achievable savings beyond the
cost of implementation
© 2012 Sunflower Systems
© 2012 Sunflower Systems
Managing the
Organisation
Asset
Management
Asset
Management
System
Asset
Portfolio
© 2012 Sunflower Systems
Coordinated activity of
an organization to
realize value from
assets
Set of interrelated
or interacting
elements to
establish AM policy,
AM objectives and
processes to achieve
those objectives
Assets that are within
the scope of the asset
management system