ISO 55000 Asset

Management Systems
February 2013
Jim Dieter, MIAM CPPM CF
Director of Strategic Programs, Sunflower Systems

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
2. Australia
3. Canada
4. Chile
5. China
6. Czech Republic
7. Denmark
8. Finland
9. Germany
10. India
11. Ireland
12. Italy
13. Republic of
Korea
14. Netherlands
15. Mexico
16. Norway
17. Peru
18. Portugal
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
Month 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
Stage
Working Drafts Cttee Drafts DIS
Comments
Resolution
FDIS
April 2013 Feb 2014 Jun 2012
Feb 2012 Oct 2011
Mar 2011
May 2011

Distribute
WD2
Sep 2011

WD2
Comments
RCVD
CD1
For Comment
CD2
For Ballot
DIS
February
2014
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
15
Value
Destruction
Over $2 B in cleanup costs
Over $60 B in lost stock value
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
Whats 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 organizations assets
The opportunity to differentiate your organization
29
Whats 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,
jdieter@sunflowersystems.com

Vice Chair: Scott Morris, Genzyme, scott.morris@genzyme.com

Recording Scott Pepperman, Executive Director, National Association
Secretary: for the State Agencies for Surplus Property,
ExecutiveDirector@nasasp.org

Membership Kim Doner, CPPM, SRA International, kim_doner@sra.com
Secretary:

ASTM Staff Katerina Koperna, ASTM International, kkoperna@astm.org
Manager


37