The publiclyavailable specification for asset management pas 55. Iso 55002 asset management management systems guidelines on the application of iso 55001. Before it, a publicly available specification pas 55 was published by the british standards institution in 2004 for physical assets. How to build your iso 55001 asset management system quickly and make iso 55001 certification easy the iso 55001 asset management standard provides a universal framework for managing the use of physical assets. This book explores the discipline of asset management. Asset management iso 55001 optimize your assets and. Management manage asset portfolio manage asset systemsnetworks manage individual assets over their life cycles pas 55 asset management system activities. Institute of asset management iam, released publicly available speci. Specification for the optimized management of physical assets 27 nen nta 8120, assetmanagement.
Pas 55 2 gives you the tools to apply your understanding of pas 55 asset management recommendations. It also introduces the 39 subjects of asset management. Iso 55001 asset management bsi middle east and africa. The management of physical assets is inextricably linked to the management of other asset types and these other asset types are considered within the asset management. Pas 55 was originally intended for physical asset managementsi,b 2008, whereas iso 55000 is generic, being applicable to all kinds of. Analysis of the new asset management standard iso 55000. Asset management as defined in iso 55000 is coordinated activity of an organization to realize value from assets. Iso 55001 and its predecessor pas 55 set the standard for the management aspects of asset management, spanning the full life cycle of your assets.
Pas 55 evolved into the iso 55000 asset management standard. Pas 55 is becoming internationally accepted as the industry standard for quality asset management. Pas 55 and enterprise asset management control global. The iso 55000 set of documents is a concept with universal appeal to industry worldwide. This specification was issued in 2004 by the british standards institute as the result of a multiindustry working party of iam. An introduction to pas 55 optimal management of physical. Eisen aan een veiligheids, kwaliteits en capaciteitsmanagementsysteem voor het elektriciteits en gasnetbeheer asset management. Asset management standard, first published in 2004. Moving from pas 55 to bs iso 55001 the new international standard for asset management transition. Implement, maintain and improve an asset management. However iso 55001 is a standard for any asset type, whereas pas 55 is explicitly focussed on the optimal management of physical assets. Asset management objectives and planning to achieve them. Pas 55 was initiated by the iam, and is an internationally recognised specification defining what good asset management.
Specialist course overview iso 55000 has replaced pas 55 as the industry standard for excellence in asset management. It provides guidance on how to build an asset management system that will support optimal management of physical assets. Part 1 of pas 55 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles. This comprises three documents, which can be used by organizations of all sizes and sectors.
The institute of asset management 2012 states that asset m anagement is not new, people and organizations have been managing assets for thousands of years. Pas 55 2 guides you through each stage of planning, implementing and maintaining a system tailored to your organization. Asset management enables an organization to realize value from assets in the achievement of its organizational objectives see 2. The 2012 framework is mapped to the 39 subjects in the global forum for maintenance and asset management gfmam asset management landscape 2nd edition, march 2014 and the iams asset management. Development of iso 55000 overview 3 principles of asset management definition iso 55000 clauses links with sustainabledevelopment asset management challenges. Pas 55 was initiated by the iam, and is an internationally recognised specification defining what good asset management means and the hallmark for demonstrating competent governance of critical infrastructure. How to build your iso 55001 asset management system. An overview of iso 55000 standardizing asset management. Iso 55000 in 2014 asset management system benny mok march20. The projects aim is to facilitate open and practical dissemination of the principles of asset management. Superseding pas 55 asset management which has proved to be one of the most popular standards of all time iso 55001, accompanied by iso 55000 overview, principles and terminology and iso 55002 guidelines for the application of iso 55001 will support businesses in achieving the best possible net return from assets. Iso 55001 asset management if your organization has multiple assets at the heart of the business, youll know that an efficient asset management strategy, regardless of whether the assets are financial. Way to get you to the best asset management and operational excellence solution. Certification to pas 55 or the iso 55001 standard is a common management aim when companies use them.
You will then be in a position to return later to section 6 the asset management subjects to appreciate the breadth and integration offered by asset management. The renowned pas 55 has been transformed into the bs iso 55000 series. Pas 55 certification steering group consisting of executive vice presidents grid operations d chairman, grid construction b and ict responsible for the improvement of the asset management system in statnett in accordance with the pas 55. This pas is not to be regarded as a british standard. Publicly available specification pas 55 covering the optimized management of physical infrastructure assets. Successfully passing a pas 55 audit doesnt just mean you are doing something. Link between the organizational objectives and the asset.
Specification for the optimized management of physical assets british standard. Pas 55 part 2 gives guidance on asset management and. Pas 551 describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their. Copperleaf c55 provides the analytics and decisionmaking framework allowing your organization to build and maintain optimal asset.
Establish an asset management system to optimally manage assets. Alignment of organizational objectives feeding into am strategies, objectives. Before it, a publicly available specification pas 55 was published by the. An introduction to asset management a simple but informative introduction to the management of physical assets by robert davis we are all asset managers. Iso 55000 is an international standard covering management of assets of any kind. Dea ee ul ia p, as 5 5 1 the institute of asset management asset management specification for the optimized management of physical. Pas 551 identifies key principles and attributes of successful asset management see figure 1. Iso 55000 and asset management 5 ws aditya ramamurthy, pmp, env sp hazen and sawyer. Pas 55 focused narrowly on physical assets, but iso 55000 re. The iso 55000 series of asset management standards was launched in january 2014 history. Pdf good asset management is increasingly viewed as normal practice in mature organisations around the world. What constitutes value will depend on these objectives, the nature and purpose of the organization and the needs and expectations of its stakeholders. Documents sold on the ansi standards store are in electronic adobe acrobat pdf. Pas 55 gives guidance and an auditable 28point requirements checklist of good practices in physical asset management.
The last time you had your car serviced or decorated your house, you were managing an asset. Request pdf on sep 1, 2014, zhao ma and others published analysis of the new asset management standard iso 55000 and pas 55 find, read and cite all the research you need on researchgate. How to make pas 55 and iso 55001 successful lifetime. Asset management is an important part of any organisation, as it allows them to extract. So, even though pas 55 will be withdrawn as a bsi formal specification in 2015 enabling a 1year overlap with iso 55000 for transfers of their certifications, organisations may find that there is ongoing. This new standard is a high level document outlining the best practices in asset management systems. Iframi, institut francais asset management industriel infrastructures, est une association, a but non lucratif.
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