Professional Documents
Culture Documents
Source: IMC2013
ISO 55000 – Asset Management
• Asset
– Anything which adds potential or actual value
• Physical
• Financial
• Intellectual
• Asset Management
– The Balance of cost, opportunities, and risk
against desired performance of assets to achieve
the organizational objectives
5
ISO 55000
• Focused on the value proposition of assets
• Scalable for any organizational size
• Does not define how, only what
ISO 55000
• International Standard for Asset Management
Managing the
Organizational objectives
Aligned with Organizational
Objectives
Asset Management
Objectives
Asset
Management
Coordinated activities to realize
value in alignment with objectives
7
Asset Portfolio
• Understanding of criticality
– Business value proposition
– Risk
• Definition of value expectation
• Design for total cost of ownership
– Not cradle to grave but lust to dust
8
Managing Assets Responsibly
95% of Life Cycle Costs are determined by engineering decisions made before the plant is even built!
By the way costs to operate and maintain an asset are 60-80% of total Life Cycle Costs,
Still we place too much importance on acquisition costs of assets
Asset Management System
• Development of Asset Management Policy
and Directives
– In alignment with ISO 55000
• Assessment of value delivery
– Metrics
– Re-assessment of strategy
10
Certification vs. Alignment
• Alignment
– Standardized approach
– Reduced LCC
– Safety
– Environmental
– Stays at business unit level
• Certification
– Potentially lower insurance premiums
– Possible risk if imbedded in quality structure
The BMS Rx Approach
• Corporate Policy on Asset Management
• Directives for core practices
– Asset criticality
– Alignment and balancing
– Lubrication practices
– Storeroom management
– EAM utilization and data integrity
• Site owned improvement
• Common understanding and lexicon
– Uptime Elements
Backup Slides