1. finance
2. accounting and auditing

ISO 55000 Asset
Management Systems
Jim Dieter, MIAM CPPM CF
Director of Strategic Programs, Sunflower Systems
February 2013
ISO 55000 Asset Management Systems
• The release of ISO 55000 Asset Management will
be a seminal event for asset holding organizations
and for all of us as Property and Asset
Management Professionals
• How can you leverage this incredible opportunity
to benefit your organization and your career?
2
The Need for Standards
• Risk awareness has become a very high
concern among business executives and
government officials:
• The world has suffered from major
industrial disasters, the financial crisis and
great recession, and continued global
instability caused by civil unrest and
economic duress of certain nations
• There is a need for an element of stability
and this standard intends to be a leveling
force for international trade
3
Background:
Standards Organizations
• ISO – International Organization for
Standardization, European based developer
of international standards
• ANSI – American National Standards
Institute
• ASTM – ASTM International is a US based
developer of international standards
4
Standards Development
Committees
• ASTM E53 – ASTM standards committee for
asset management standards, and the ANSI
sanctioned host of the US TAG to TC/251
• TC/251 – ISO Technical Committee tasked with
developing a management system standard for
Asset Management
• US/TAG (US Technical Advisory Group ) - ANSI
sanctioned US group participating in TC/251
5
US/TAG Participating
Organizations
Stratum Consulting Partners
E-ISG Asset Intelligence
Test6
ISO/TC251 Participating Countries
1. Argentina
11. Ireland
2. Australia
12. Italy
3. Canada
13. Republic of
4. Chile
Korea
5. China
14. Netherlands
6. Czech Republic 15. Mexico
7. Denmark
16. Norway
8. Finland
17. Peru
9. Germany
18. Portugal
10. India
19. South Africa
20. Spain
21. Sweden
22. United Kingdom
23. United States of
America
24. United Arab
Emirates
25. Japan
26. France
27. Switzerland
7
Timeline Status
Mar 2011
Month
Stage
Oct 2011
Jun 2012
Feb 2012
April 2013
Feb 2014
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
Working Drafts
May 2011 Sep 2011
Distribute WD2
WD2
Comments
RCVD
Cttee Drafts
CD2
For Ballot
DIS
Comments
Resolution
FDIS
DIS
February
2014
CD1
For Comment
8
ISO Definition of
Management System
• Management System – Set of interrelated
or interacting elements of an organization to
establish policies and objectives, and
processes to achieve those objectives
9
10
ISO 55000
Asset Management System
• These standards describe a
Management System for Asset
Management
• They do not describe processes for the
management of assets
• ASTM E53 standards (and other
guidance) cover lifecycle functions of the
management of assets
11
ISO 55000 Series Structure
ISO 55000: Overview, Principles and
Terminology
• ISO 55001: Requirements
• ISO 55002: Guidelines
12
ISO 55000: Definitions
• Asset – something with potential value
to an organization and for which the
organization has a responsibility
13
ISO 55000: Definitions
• Asset – something with potential value
to an organization and for which the
organization has a responsibility
Value!
14
Value
Destruction
Over $2 B in cleanup costs
Over $60 B in lost stock value15
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
16
ISO 55000: Definitions
• Asset – something with potential value to an
organization and for which the organization
has a responsibility
• Asset System - group of assets that interact
and/or are interrelated so as to deliver a
required business function or service
• Asset = Asset System
17
ISO 55000 Series Structure
• ISO 55000: Overview, Principles and
Terminology
ISO 55001: Requirements
ISO 55002: Guidelines
18
ISO 55001 and 55002
• The ISO 55001 and ISO 55002 documents
share the same structure
• ISO 55001 covers requirements
• ISO 55002 covers guidance
• The details are of course not yet finalized,
but key concepts are unlikely to
significantly change
19
ISO 55001/55002
Structure
•
•
•
•
•
•
•
The Organization
Leadership
Plans
Support
Operation
Performance Evaluation
Improvement
20
The Organization
• Stakeholders, not just shareholders
– Triple bottom line - People, Profit and Planet
– Quadruple bottom line – adds a Spiritual
component
• Scope – what assets are included?
• System interfaces
21
Leadership
•
•
•
•
•
•
Top management involvement
Continual improvement
AM integrated with business processes
Adequate resources available
Establish an Asset Management Policy
Alignment with organizational strategic
plan
22
Plans
•
•
•
•
Establish an Asset Management Plan
Measurable objectives
Risk management
Monitored and communicated
23
Support
• Provide necessary resources
• Assure competence of people doing the
work
• Awareness
• Information requirements
• Documentation
24
Operation
• Process control
• Change management
• Control of any outsourced activities
25
Performance Evaluation
•
•
•
•
Monitor and measure
Analysis and evaluation
Internal audit
Management review
26
Improvement
• Nonconformity and corrective action
• Preventive action
• Continual improvement
27
Management Systems
Assessments
• Has anyone participated in an ISO 9001
assessment audit?
• Other ISO Management System Audits?
• If you have, ISO 55001 assessment audits
will likely look very familiar
28
What’s in it for your organization?
• ISO 55000 promises to be a widely recognized and
adopted international standard
• Assurance that the right things are being done
• Focus is on supporting the mission and objectives
of the organization
• Realizing value from the organization’s assets
• The opportunity to differentiate your organization
29
What’s in it for you as individuals?
• Better enable all of us to do our jobs
• Increased management awareness of
asset management
• More “transportable” job skills and
expertise
• More opportunities
30
Actions
• Awareness
– Personal awareness
– Organizational awareness
• Become an ISO 55000 expert
• Develop change management skills
• Build AM relationships across
organizational silos
• Realize value from organizational assets
Start Now!
31
Three Word Summary
32
Three Word Summary
• Value
33
Three Word Summary
• Visibility
34
Three Word Summary
• Opportunity
35
Three Word Summary
• Value
• Visibility
• Opportunity
36
ASTM E53.10 Committee
ISO Asset Management Activities
US/TAG Officers:
Chair:
James Dieter, CPPM CF, Sunflower Systems,
[email protected]
Vice Chair:
Scott Morris, Genzyme, [email protected]
Recording
Secretary:
Scott Pepperman, Executive Director, National Association
for the State Agencies for Surplus Property,
[email protected]
Membership
Secretary:
Kim Doner, CPPM, SRA International, [email protected]
ASTM Staff
Manager
Katerina Koperna, ASTM International, [email protected]
37