ISO-55001 Mapped To Plant Wellness Way

ISO 55001:2014 Asset Management Requirements Mapped to the Plant Wellness Way Methodolo
In the worksheets the clauses from sections of ISO 55001 Asset Management - Management Systems - R
1 - Due to copyright reasons we cannot publish more words of the ISO 55001 standard and its related publicatio
2 - The comments we include in a worksheet are our interpretations of the clauses and information provided in th
3 - For your own private use you can copy the full wording of relevent content from ISO 55000, ISO 55001 or ISO
4 - Use the spread sheet as an audit tool to find the gaps in your existing asset management system and find wh
5 - More information on developing ISO 55001 compliant asset management system is in the 1.5MB PDF docum
How to Build your ISO 55001 asset management system quickly and make ISO 55001 Certification easy
6 - The biggest benefits of using the Plant Wellness Way over ISO 55002 for developing your ISO 55001 comp
and subclause one by one; that is time consuming and complex. Instead PWW addresses ISO 55001
Wellness Way Methodology
- Management Systems - Requirements are mapped to the relevant slides from the Plant Wellness Way 3-day train
dard and its related publications.

and information provided in the ISO 55001 standard and its related publications..
ISO 55000, ISO 55001 or ISO 55002 into the worksheets for your future reference.
nagement system and find which solutions in the Plant Wellness Way methodology will help you fix them.
em is in the 1.5MB PDF document at the web link below.
O 55001 Certification easy
eloping your ISO 55001 compliant asset management system, is speed and simplicity. Following ISO 55002 requires you to
PWW addresses ISO 55001 holistically and the methodology more quickly and simply delivers compliance to ISO55001 as
nt Wellness Way 3-day training course.
ou fix them.
ng ISO 55002 requires you to address each clause

s compliance to ISO55001 as an outcome.
ISO 55001:2014 Asset Management Standard mapped to Plant Wellness Way
Clause
ISO 55001 Requirement ISO 55001 Clause
No
4 Context of the organization
Understanding the
4.1 The organization shall determine…
organization and its context
Asset management objectives, included…
Understanding the needs

4.2 and expectations of The organization shall determine:
stakeholders
— the stakeholders…
— the requirements…
— the criteria…
— the stakeholder requirements...
Determining the scope of

The organization shall determine the
4.3 the asset management
boundaries…
system
— the external…
— the requirements...
— the interaction…
The organization shall define…
The scope shall be available…
4.4 Asset management system The organization shall establish…
The organization shall develop a SAMP…

Wellness Way
Required Evidence
To 'determine' is to establish by research.

a) Statement of Organization's Purpose
b) List external and internal issues, trends, drivers relevant to the Purpose
c) List the asset management system's intended outcomes
d) List external and internal issues with the ability to prevent the asset management
system meeting its intended outcomes
Show how the planned asset management objectives to be achieved align, and are
compatible with Organization's objectives, so that by meeting the asset management
objectives they help achieve the Organization's objectives
List all external and internal stakeholders with any degree of interest in the asset
management system across its entire timeframe
a) List of all stakeholders, internal and external, impacted by asset management

b) List all requirements and expectations of/toward/from the asset management
system for all stakeholders
The 'criteria' are the principles or standards by which something is judged or decided
a) List all decision making principles and standards to be used in the asset
management system to help resolve conflicts and set priorities,
b) Where and when they are used, and
c) explain the process used for decision making
List of every thing each stakeholder requires recorded in respect to an asset

List of every thing each stakeholder requires reported on in respect to an asset
Can be part of the Communication Plan
The 'scope' is the extent of the area or subject matter that something deals with or to
which it is relevant
a) A description or list defining the extent of the asset management system and all
the ways the system applies to and interacts on the items within its boundary
b) A documented asset management policy
c) A documented SAMP, as in Clause 4.4, second sub-clause
d) Confirm the scope supports and agrees with the intent of the SAMP and the Policy
Include in the scope considerations (the Organization)

Include in the scope considerations (the Stakeholders)
Include in the scope considerations (the management of the organization)
a) This requires an Asset Register
b) An explanation of the means by which assets are identified for inclusion in the
Asset Register, along with
c) Which assets are not part of the asset management system
a) The scope is to be documented
b) the Scope document is to be controlled
a) Specify what constitutes the organization's asset management system, and how it
is to be implemented, how it is to be maintained, and how it is to be improved,
b) Specify the process of the asset management system,
c) Specify the internal and external interactions of the asset management,
d) Prove and confirm that the asset management system meets ISO 55001
requirements
A documented high level SAMP (Strategic Asset Management Plan) containing

explanation how the asset management objectives will be achieved
ISO 55002 Asset management - Management systems - Guidelines for the
application of ISO 55001
ISO 55000: The external context includes the social, cultural, economic and physical
environments, as well as regulatory, financial and other constraints. The internal context
includes organizational culture and environment, as well as the mission, vision and
values of the organization. Stakeholders exist in both context.
The asset management system derives from and aligns with the organisational objectives
ISO 55000: 'Organizational objective' is an overarching objective that sets the context
and direction for an organization's activities
ISO 55000: 'Objective' is a result, purpose or outcome, to be achieved (can be strategic,
tactical or operational)
Asset management decisions require understanding stakeholder perceptions, values,

needs, assumptions, concepts and concerns
The boundaries and applicability of the asset management system should be captured in
a statement of scope
An asset management system is to be established, implemented, maintained and
continually improved. An asset management system is used by the organization to
direct, coordinate and control asset management activities. It is a set of interrelated and
interacting elements of an organization, whose function is to establish the asset
management policy and asset management objectives, and the suite of processes and
resources, needed to achieve those objectives
How to achieve requirements using ISO 55001 Tools and Techniques
Undertake a Business Environmental Scan
Identify how use of assets delivers organizational goals; Establish

compatible asset management policy and asset management objectives;
Create a strategic asset management plan (SAMP) to get the objectives.
SAMP evolves into an asset's management plans incorporated into
operational planning and control processes
Identify, document and communicate external and internal stakeholders

requirements, expectations, informational needs, decision making criteria
and reporting for the asset management system.
Compile a matrix showing all stakeholders and all their needs and
expectations, including the ways each need and expectation is preferably
addressed
Satisfied as noted above and in 'Required Evidence' column
The Scope includes the entire asset portfolio, asset interdependencies,

time scales and lifecycle issues, interactions with the rest of the
organisation's management system and be aligned with the SAMP and
the asset management policy, and consider internal and external context
issues, along with stakeholder requirements. It is likely to be a written
document with relevant sub-headed sections. Alternately a spread sheet
can be used with columns and rows designated by applicable sub-
headings.
You need an asset register listing all the assets covered by the asset
management system
The Scope is a controlled document
Specify all the needed processes and their interactions within the asset
management system and the rest of the organisation's management
system
Develop a document called 'Strategic Asset Management Plan'

How to achieve using Plant Wellness Way Techniques
Satisfied by using the 'Stress to Process' model spread sheet which

outputs all issues, internal and external, affecting an asset's
management system
Satisfied by using the 'Stress to Process' model spread sheet where

the outputs are aligned and consistent with the asset
management objectives

outputs all stakeholders involved in the asset management
system
inputs all stakeholders requirements from the asset
management system

inputs all decision making criteria for asset management

outputs all stakeholders reporting needs with regards the asset
management system

outputs the full scope of the asset management system

inputs allby
Satisfied organizational issues
using the 'Stress to Process' model spread sheet which
inputs allby
Satisfied stakeholder issues
using the 'Stress to Process' model spread sheet which
outputs all interactions with other management systems
inputs all assets in the asset portfolio

outputs the scope in documented form
Apply IONICS analysis to correctly design integrated asset

management processes

outputs the SAMP
Relevant Slides in PWW Training
Relevant Articles on LRS Website
Presentations
Day 1: 82 to 88, 115 to 128

Day 2: 3 to 21
Day 3: 3 to 11
Day 1: 82 to 90, 115 to 128

Day 2: 6 to 21
Day 3: 3 to 43
Day 1: 82 to 90, 115 to 128

Day 2: 6 to 21
Day 3: 3 to 43
Day 1: 82 to 128
Day 2: 6 to 21
Day 3: 3 to 43, 68 to 77
Currently in Your EAM System Discrepancy / Gap How to Address Gap
Clause
No
5 Leadership
Leadership and
5.1 Top management shall demonstrate…
commitment
— ensuring that the asset management

policy…
— ensuring the integration…
— ensuring that the resources…
— communicating the importance…
— ensuring that the asset management…
— directing and supporting…
— promoting cross-functional…
— promoting continual…
— supporting other relevant...
— ensuring that the approach used…
5.2 Policy Top management shall establish…
a) is appropriate…
b) provides a framework…
c) includes a commitment…
d) includes a commitment to…

The asset management policy shall:
— be consistent…
— be consistent with…
— be appropriate…
— be available…
— be communicated…
— be available to…
— be implemented…
Organizational roles,
5.3 responsibilities and Top management shall ensure…
authorities
Top management shall assign…
a) establishing and updating…
b) ensuring that the asset…
c) ensuring that the asset management…
d) ensuring the suitability…
e) establishing and updating…
f) reporting on…
Plant Wellness Way
Required Evidence
To show 'leadership' means to take action to direct a group.

'Commitment' is showing dedication to the cause
All bullet items below need to be done by the highest level of management where the asset
management system is used in the organization
a) Top Management signature on Policy, SAMP, and Objectives
b) Top Management confirm compatibility between asset management objectives and
organization's objective and confirm approval
a) Top Management review organization's processes to confirm asset management system
requirements are properly integrated across the business, e.g. business process flow diagrams;
Top Management approved procedures
When 'ensuring' you make certain that (something) will occur or be the case
Typically a planning and budgeting process related to i) operations and ii) business
growth/expansion is evident
a) prove identification of funding, personnel, equipment, information and infrastructure resources
is undertaken
b) prove planning for use of those resources is done
c) confirm necessary resources are deployed
To be 'communicating' the parties involved exchange ideas and information; it is a two-way

process
Prove the Top Management wants effective asset management that delivers the asset
management system requirements
a) a Communication Plan documenting ways the needed communication between Parties will be
done, including within and outside the organisation, e.g. all employees, customers, suppliers,
contractors and other stakeholders
b) proof the Communication Plan was achieved
a) Evidence of monitoring and measuring the asset management system performance in

achieving its intended outcomes, e.g. timely performance KPI's are available, and
b) Undertaking necessary changes to improve the performance, e.g. minutes of meetings;
documented correspondence instructing needed changes
c) Confirming improvements undertaken were effective in achieving the intended outcomes, e.g.
Meeting Agenda items, specific analysis or review, correspondence accepting the new
performance
To 'contribute' is to provide people and the resources needed
a) undertake improvement projects specifically to make the asset management system more
effective
When 'promoting' one is actively encouraging others to achieve the desired outcome
a) identify needed collaborations within the organization
b) indicate purposes of the collaborations
C) indicate how collaborations will be successfully undertaken
a) identify needed improvements within the organization, e.g. an Improvements register
b) indicate purposes of the improvements
C) indicate how improvements will be successfully undertaken
Doing 'supporting' involves giving encouragement and assistance
'Demonstrate' is to show by one's actions
a) a planned approach to assist managers demonstrate leadership, e.g. a mentoring program, a
training program, chairmanship roles, improvement project management roles
Being 'aligned' means there is common agreement

a) the organization's risk management procedure is documented
b) only the organization's risk management procedure is used in the asset management system
A documented Policy of principles by which the organization intends to apply asset management
to achieve its organizational objectives that also addresses each bullet point
To be 'appropriate' is to suitable or proper for the circumstances

Analysis proving the asset management policy derives from, and is approriate for achieving, the
organization's purpose
All asset management objectives derive from the Policy
a) List of asset management system requirements that deliver each asset management objective
b) Statement of commitment to meet the requirements
Statement of commitment to continually improve the asset management system
Remaining 'consistent' is being compatible and in agreement with

Analysis proving the asset management policy agrees with the organization's plan
a) Analysis proving the asset management policy is compatible with the organization's other
policies, and
b) The asset management policy is valued as highly as the other policies
Analysis proving the Policy is proper for all the assets in the asset portfolio and all the activities
the organization uses those assets for
It is 'documented information' when the information, and the medium on which it is contained, is
required to be controlled and maintained by the organization
The Policy is visibly identifiable and is the most current version
One has 'communicated' when the idea in the message has been passed across to others and is
correctly understood
a) Proof the Policy was explained to all in the organization
b) Proof those in the organization understood what the Policy contained and what was required of
each person to satisfy the Policy
The Policy can be accessed by appropriate stakeholders, e.g. permitted stakeholders are listed in
the Communication Plan, Security levels set in document management systems
To be 'implemented' is to put (a decision, plan, agreement, etc.) into effect
a) Observe the Policy intentions being achieved, e.g. KPI's are being met and continually
improved
b) The Policy is read by Top Management at least annually and accepted as being suitable or
changed to be more suitable, than signed as approved
The 'responsibilities' are the duties to be performed; 'authorities' mean allocating the power or
right to give orders, make decisions, and enforce obedience
Top Management have documented and communicated (i.e. everyone knows the ideas in the
message) the allocated roles in the organisation, and/or to outsourced parties, with the
responsibility and authority needed to achieve the SAMP
a) An analysis of the roles relevant to achieving the SAMP
b) Clear indication of the duties each role undertakes to achieve the SAMP
c) Allocation of roles responsibilities and authorities toward meeting the SAMP
You are 'establishing' when it is set up on a firm or permanent basis; 'updating' is making
(something) more modern or up-to-date
At least one Top Management role has the responsibility and authority for these duties in the
Position Description
Providing 'support' is to actively work towards the success of
Proof of analysis that providing the asset management system will deliver the SAMP
One 'conforms' when you comply with the rules, standards, or laws
A matrix showing how each clause of ISO 55001 is suitably addressed
By 'suitability' is meant if it is right or appropriate for a particular person, purpose, or situation;

'adequacy' is being satisfactory or acceptable in quality or quantity;
'effectiveness' is the degree to which something is successful in producing a desired result;
success
a) An explanation of when the asset management system is performing appropriately, is
achieving the set quality standards, and is doing so effectively
b) A list of the roles in the asset management system who deliver its success
A list of the roles with the responsibility and authority for the duty to specify the activities,
resources and timescales required for an individual asset, or a grouping of assets, to achieve the
organization’s asset management objectives
a) A list of the roles with the responsibility and authority for the duty to report on the performance
of the asset management system
b) A list of the asset management system performances to be reported by each role
ISO 55002 Asset management - Management systems - Guidelines for
the application of ISO 55001
ISO 55000: Top management is responsible for developing, resourcing and
communicating the asset management policy and asset management
objectives and for aligning them with the organizational objectives. Leaders at
all levels are involved in the planning, implementation and operation of the
asset management system.
Top management demonstrates ownership, accountability, leadership and

commitment to the asset management system by positively influencing the
organisation
Top management author, establish and communicate an asset management
policy of the principles to adopt in achieving the asset management objectives
Establish clear and unambiguous roles needed to achieve the strategic asset
management plan (SAMP) and support the asset management system, fully
clarifying boundaries, responsibilities and accountabilities
Address the bullet points in the clause: Have Policy, SAMP, Objectives,
integrated in business processes, resourced, communicated, outcomes are
achieved, effective, collaborative, continually improved, risk management is
applied consistently

You need a policy statement addressing the bullet points and defining how the
organisation's resources will be used to meet objectives and operate the
organisation while complying with laws, staying profitable and continually
improving


Top management provide position descriptions for all the roles needed to deliver
the SAMP and to keep the asset management system suitable, adequate and
effective to deliver the asset management plans and goals. Signatures of Top
Management will need to be observed on the relevant documents

Satisfy the requirements of ISO 55001

outputs the AM Policy and SAMP, inputs the AM Policy and the
organization's objectives
Satisfied by using the 'Stress to Process' model spread sheet to output all
AM system requirements and IONICS analysis to design integrated
processes to deliver the requirements
a) Use the 'Stress to Process' model spread sheet to output all funding,
personnel, equipment, information and infrastructure resources required
b) Input the required resources into the organization's corporate planning
and budgeting process
Satisfied by using Accuray Controlled Enterprise 3T procedures which

advises the importance of following AM plans and the need to do the
requirements on the plans
a) Use Chance of Success analysis

b) Input the analysis findings into the organization's relevant decision
making and ACE 3T procedures


outputs all issues, internal and external, affecting an asset's
management system

a) Apply Defect and Failure Total Costing to price risk

b) Use 3-Factors Risk Analysis to select suitable mitigations
The AM Policy and the requirements stated within it are inputs into the
'Stress to Process' model spread sheet


a) Use the 'Stress to Process' model spread sheet to output the roles,
responsibilities and authorities
b) Put responsibilities and authorities into Role Descriptions
c) Communicate the Role Descriptions
Satisfied as noted above
Satisfied by using IONICS Analysis which outputs process and

procedure ownership
Satisfied by using IONICS Analysis which outputs AM system

requirements and their ownership to achieve the SAMP
Satisfied by using IONICS Analysis which outputs ISO 55001
requirements ownership
Satisfied by using IONICS Analysis which outputs the means to deliver

AM system suitability, adequacy and effectiveness
Satisfied by using IONICS Analysis which outputs asset management

planning ownership
Satisfied by using IONICS Analysis which outputs performance

reporting ownership
Relevant Slides in PWW Training Presentations Relevant Articles on LRS Website
Day 1: 44 to 47, 83 to 89, 115 to 128

Day 2: 6, 48 to 51, 62, 63, 85 to 93, 124 to 127
Day 3: 61 to 77
Day 1: 29, 83, 116, 120 to 124
Day 2: 67, 68, 88 to 93, 124 to 127
Day 3: 61 to 64, 71, 75
Day 1: 45, 83 to 90, 109, 110, 117
Day 2: 67 to 73, 86 to 93
Day 3: 7 to 10, 16, 20, 21
Currently in Your EAM System Discrepancy / Gap
How to Address Gap
Clause
No
6 Planning
Actions to address risks and

6.1 opportunities for the asset When planning…
management system
— give assurance…
— prevent…
— achieve…
The organization shall plan:
a) actions to address…
b) how to:
— integrate…
— evaluate…
Asset management objectives and

6.2
planning to achieve them
6.2.1 Asset management objectives The organization shall establish…

When establishing its asset management…
The asset management objectives shall:
— be consistent and…
— be consistent with…
— be established…
— be established and…
— be measurable…
— take into account…
— be …
— be communicated…
— be reviewed…
The organization shall retain…
Planning to achieve asset

6.2.2 The organization shall integrate…
The organization shall establish…
The organization shall ensure…
When planning how to…

a) the method…
b) the processes…
c) what…
d) what…
e) who…
f) when…
g) how…
h) the appropriate…
i) the financial…
j) the review period…
k) actions to address…
— identification…
— assessment…
— determining…
— implementation…

Required Evidence
The 'risk' is the effect of uncertainty (the extent to which a thing or situation and all its effects are
totally known) on the objective, i.e. on the results to be achieved. 'Opportunities' is the set of
circumstances that makes it possible to do something
a) A asset management system risk register, and a opportunity to achieve success register
b) Analysis showing how the asset management system identifies and addresses the opportunities
to achieve, and the risks to the achievement of, the organisation's objectives and stakeholders'
requirements
Analysis that confirms the asset management system is able to deliver its intended outcomes
a) Analysis that identifies all unwanted asset management system impacts, e.g. FMECA, PFMEA
b) Details of how each unwanted impact will be effectively prevented
c) Includes an escalation process as risk levels rise
Analysis to confirm the opportunities and risks to the continual improvement of the asset
management system to deliver its intended outcomes
a) a documented plan of all the actions to undertake the identified opportunities

b) a documented plan of all the actions to address all the risks
c) indication of what causes a risk to change and when the change can occur in time,
d) how the effects of a change will be monitored,
e) how the effects of a change will be addressed
Evidence that the actions to address opportunities and risks are actually being done, e.g. effective
work orders are scheduled and there is evidence of their proper completion
Evidence the actions performed are promoting successful achievement of the asset management
system objectives, and removing or preventing risk, e.g. suitable effectiveness and risk reduction
KPI's
An 'objective' is a thing aimed at or sought; a goal

a) Analysis of each asset in the asset portfolio indicating all its objectives,
b) the coordinated activities to be done to realise all an asset's objectives,
c) the functions and levels in the organization undertaking each activity needed to achieve each
objective
A documented, asset management planning process that sets an asset's objectives through
specifically considering all the associated stakeholders, financial, technical, legal, regulatory and
the organization's stated and implied needs
Analysis that proves asset management objectives are compatible to, and assist with, the
organizational objectives
Analysis that proves asset management objectives are compatible with the asset management
policy
Identify how the asset management decision-making criteria are used to set up and keep current
the asset management objectives
Identify how the SAMP is cascaded down to an asset in order to set up and keep current the asset
Provide each asset management objective with a defined value, where possible
Analysis identifying an asset's objectives address all needs and implied expectations
a) Identify how each asset's objectives are monitored

b) identify all persons who monitor each objective
c) prove each objective is monitored
a) Identify who needs to know about each asset management objective

b) Prove all persons who need to know receive information on the asset management objective
and understand the message in the communication
Identify all situations when the asset management objectives are to be reviewed and made current
To 'retain' means to keep possession of continuously

Confirm the various revisions of asset management objectives are documented, controlled and
safely kept
When you 'integrate' you combine (one thing) with another to form a whole
Documented proof planning to achieve asset management objectives is done along side with other
organizational planning, with consideration of financial, human resources and all relevant support
functions
a) Confirm all an asset's management plans are prepared, are on suitable media, are kept current
b) Evidence defining the planned activities that will be implemented across the organization and
the resources, both internal and external, that will be applied to meet the asset management
objectives
c) prove the asset's management plans support the asset management policy, and the SAMP
Evidence of consideration of requirements from external the asset management system, including
the effect of time horizons, e.g. market factors like change in product specification or mix, seasonal
demand for product; annual weather events,
Evidence of how each requirement below is identified, and put on suitable media, when developing
an asset's management plans to deliver its objectives
a) The means and principles / standards used for decision making during planning,
b) The means and principles / standards used for prioritizing activities and resources during
planning
Specify the ways to follow and the techniques to use on each asset so it meets its objectives
during its life cycles
Specify the actual activities to be implemented by all internal and external parties to achieve the
asset management objectives
Specify all internal and external resources needed to deliver an asset's management plan
Specify who are responsible (will do the duties) for achieving the asset's management objectives
Define the timeline for delivering the activities that achieve the asset management objectives
Establish criteria to determine if results of activities are successful in providing the asset
Specify how long an activity is relevant to the asset management plan
Identify short and long term financial and non-financial consequences and conclusions of an asset
management plan, e.g. life-cycle costing, replacement, refurbishment
Set a time and/or circumstances when an asset management plan is to be reviewed and
appropriately updated
a) Specify how risks are identified, the risk control actions selected, and how the effect of the life-
cycle and time influences the risks and the actions, e.g. replace with new, refurbish, de-rate the
asset, etc.
b) how opportunities are identified, the appropriate actions selected, and how the effect of the life-
cycle and time influences the opportunities and the actions
Identify a process for delivering risk identification and opportunity identification
Identify a process for delivering risk assessment and opportunity assessment
Identify a process for determining the importance of assets, e.g. equipment criticality
a) Identify a process for implementing risk mitigations
b) Identify a process for monitoring the remaining risks
c) Identify a process for monitoring opportunities
Confirm the organization's risk management methodology includes the impact of asset risks and
develops suitable contingency plans for unacceptable risks
ISO 55002 Asset management - Management systems - Guidelines
for the application of ISO 55001
ISO 55000: The approach to implementing the asset management
policy should be documented in a strategic asset management plan
(SAMP), from which detailed plans of what to do throughout the
organisation to achieve the SAMP are developed
Determine the actions that are necessary for addressing risks when
planning the asset management system. The overall purpose is to
understand the cause, effect and likelihood of adverse events
occurring, to manage such risks to an acceptable level, and to provide
an audit trail for the management of risks.
ISO 55000: objective is defined as 'results to be achieved'
The organization shall establish SMART asset management objectives

derived from the SAMP at relevant functions and levels that when
achieved will promote accomplishment of the organisation's objectives.
The organization develops asset management plan(s) to define the
activities that will be implemented and the resources that will be
applied to meet the asset management objectives and consequently
the organizational objectives. An asset management plan(s) provides
the direction to, and expectations for, an individual asset or for a
portfolio, group or class of assets.
How to achieve requirements using ISO 55001 Tools and
Techniques
A suitable risk management methodology is to be used that assesses

risk before and after mitigation and provides documented evidence of
the selected actions, how they will be done and the effectiveness of
the risk controls adopted. The most applicable methodology to use to
comply with this clause of ISO 55001 is to apply Risk Assessment
and Management to each asset, the asset’s management, and the
asset management system.
It would be reasonable to apply RCM (Reliability Centered

Maintenance) on your assets, as RCM requires you to do FMEA
(Failure Mode Effects Analysis) and assess and mitigate asset risks
with appropriate maintenance strategy and activities. To identify the
risks to an asset’s management, and also to the asset management
system, you could use PFMEA (Process Failure Mode Effects
Analysis) coupled with Risk Management to provide appropriate risk
abatements.


Which is the best function for the responsibility and at what level in
the organization to allocate the objective depends on issues like its
importance, the risks for the organization, the effect on stakeholders,
the difficulty, its information and knowledge needs, and the
resourcing requirements.
Each asset is to have a defined, measurable purpose(s), an
indication of its importance and risk to the organisation in achieving
its organisational objectives; what asset management objectives must
be delivered to the asset so it can perform as needed to achieve its
purpose, and who is responsible to do the needed activities
The output from planning and setting the asset management objects
will be a tabular listing recording SMART (specific, measurable,
achievable, realistic and time-bound) objectives and how each
criterion is satisfied.
The asset management objectives are controlled documents
Establish a business-wide asset management planning process,

methodology, tools and resources covering the lifecycle, risk
management, procurement and supply chain, operation,
maintenance, capital requirements, financial management, and the
regular review and continual improvement needed to provide the
organisation with suitable assets to achieve its objectives
Equipment Criticality analysis to identify the full range of internal and

external business risk implications from the ownership or use of an
asset
Use a tabular report approach and identify hoe each bullet point is to
be addressed for each asset or asset class, e.g. pipelines,
transmission power lines


Equipment Criticality analysis to identify the full range of internal and

external business risk implications from the ownership or use of an
asset
Satisfied by using the 'Stress to Process' model spread sheet which inputs
organizational and stakeholder requirements and outputs the associated
risks and opportuntities
Satisfied by using IONICS analysis, which uses Physics of Failure Analysis to

inputs risk and opportunties and outputs integrated processes to deliver
the required outcomes
Satisfied by using IONICS analysis which inputs risks and opportunties and
outputs integrated processes to deliver the required outcomes
Satisfied by using IONICS analysis which outputs responsibilities for

continual improvement
Satisfied by using IONICS analysis, which uses Physics of Failure Analysis to

input risks and opportunties, including how they change with time, and
outputs integrated processes to deliver the required outcomes
Satisfied by using IONICS analysis, which outputs integrated processes to

deliver the required outcomes
b) Input the analysis findings into the organization's relevant decision making and
ACE 3T procedures
Satisfied by using IONICS analysis, which outputs objectives for functions

and levels in the organization
organizational and stakeholder requirements into the AM planning process
organization objectives into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which inputs the
AM Policy into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which inputs AM
decision making criteria into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which outputs the
SAMP
Satisfied by using IONICS analysis, which outputs measures for processes
Satisfied by using IONICS analysis, which inputs all the applicable
requirements to achieve the objectives
Satisfied by using IONICS analysis, which outputs measures for monitoring
a) Satisfied by using IONICS analysis, which outputs roles, responsibilities

and authorities to achieve objectives
b) Put responsibilities and authorities into Role Descriptions
c) Communicate the Role Descriptions
Satisfied by using IONICS analysis, which outputs roles, responsibilities and
authorities to achieve objectives
Satisfied as both IONICS analysis and 'Stress to Process' spread sheet are
documented information
Satisfied by using IONICS analysis, which inputs organization-wide needs and

outputs organization-wide requirements
AM Policy and outputs the asset management plans and SAMP
requirements from outside the AM system
Satisfied, since combining IONICS analysis, Physics of Failure Analysis and the
'Stress to Process' spread sheet addresses all bullet point and they are
documented information


Satisfied by use of 3-Factors Risk Analysis which outputs the risks to be taken
into the organization's risk management and contingency planning
Day 1: 35 to 47
Day 2: 7 to 59
Day 3: 26, 27, 33 to 57
Day 1: 19, 22, 23, 29 to 34, 83, 117 to 128

Day 2: 67 to 73, 90 to 93
Day 3: 6 to 11, 26, 27, 34 to 43
Day 1: 29, 30, 33, 34, 43 to 47, 88 to 90, 105 to 114, 125 to 128
Day 2: 6 to 11, 17 to 59
Day 3: 16 to 24, 34 to 51
Currently in Your EAM
Discrepancy / Gap How to Address Gap
System
Clause ISO 55001
ISO 55001 Clause
No Requirement
7 Support
7.1 Resources The organization shall determine…
The organization shall provide…
7.2 Competence The organization shall:
— determine the necessary…
— ensure that…
— where applicable…
— retain appropriate…
— periodically review…
7.3 Awareness Persons doing work…
— the asset…
— their contribution…
— their work activities…
— the implications…
7.4 Communication The organization shall determine…
— on what…
— when to…
— with…
— how…
Information
7.5 The organization shall determine…
requirements
a) the organization shall…

— the significance…
— the roles…
— the asset management…
— the exchange…
— the impact of…
b) the organization shall determine:

— the attribute…
— the quality…
— how and when…
c) the organization shall specify…
d) the organization shall determine…
e) the organization shall ensure…
Documented
7.6
information
7.6.1 General The organization’s asset…

— documented information…
— documented information…
— documented information determined…
Creating and
7.6.2 When creating…
updating
— identification…
— format…
— review…
Control of
7.6.3 documented Documented information required…
information
a) it is available…
b) it is adequately…
For the control of…
— distribution…
— storage…
— control…
— retention…
Documented information of external origin…
o Plant Wellness Way
Required Evidence
a) Research and analysis identifying the full range of appropriate resources, internal
and external, needed to establish, implement, maintain and improve the asset
management system
b) Allocation of all the necessary resources identified
a) Allocation of all appropriate resources, internal and external, to achieve the asset
management objectives as identified in the planning stage
b) Allocation of appropriate resources, internal and external, to perform the asset
management plan activities as identified in the planning stage
Analysis and selection of appropriate skills, knowledge, education and experience of

all persons working in or for the organisation at all levels, where that work impacts an
asset in the asset portfolio, e.g. Competency Gap Analysis
Provide evidence that persons in roles at all levels in the organization can successfully
deliver all outcomes they are responsible to do, without supervision
a) Identify shortfalls in competence to do a role
b) Determine what is required to address the shortfall in competence
c) Do the actions needed to become competent, e.g. training, mentoring, on-the-job
experience
d) Prove the actions were effective in making the person competent
Records of evidence of competence are permanently kept
Regular analysis to confirm competencies for a role remain applicable and to identify if
new competencies are required
Being 'aware' is to have knowledge or perception of a situation or fact

All persons, internal and external, (e.g. can include staff, contractors, internal or
external service providers, and suppliers) doing work affecting the assets of the
organization are made appropriately aware of the impact and importance of the work
to the successful achievement of the asset management objectives. The level of
awareness is relative to their potential effects on the successful achievement of the
asset management objectives
Prove people are knowledgeable of the asset management policy
Prove people are knowledgeable of their contribution to the success of the asset
management system and the value of improved asset management performance
Prove people are knowledgeable with regards the risks and opportunities in their jobs
to affect achievement of the asset management objectives
Prove people are knowledgeable of what happens if they do not complying with rules,
standards, or laws
Analysis and selection of appropriate relevant communication to send to the various
peoples in the organization with regards assets, their management and the asset
management system, e.g. a Communication Plan.
Show how 'what to communicate' was determined

Show how 'when to communicate' was determined
Show how 'with whom to communicate' was determined
Show 'how to communicate' was determined
a) Systematic analysis and selection of all information required for the proper care, use
and monitoring of assets, the asset's management, the asset management system,
and achieving the organization's objectives
b) Secure storage of the information
Show how the level of asset risk was considered

Show how the roles and responsibilities influenced the choice of information provided
Show how the asset management processes, procedures and activities influenced the
choice of information provided
Show how exchange of information with its stakeholders, including service providers,
influenced the choice of information provided
Show how the impact of quality, availability and management of information on
organizational decision making influenced the choice of information provided
Systematic analysis and selection of:
The specific range and content of the information
The specific standards to be met for the information provided
a) The methods to be used for information collection, analysis and evaluation
b) A timeline and schedule for all information collection, analysis and evaluation
a) Analysis and selection of suitable information management process, e.g. hard copy
library and filing system; use proprietary software; use server folder structure
b) Provision of the specified document management process
c) Maintenance of the document management process in use
By 'terminology' is meant the body of terms used with a particular technical application
in a subject of study, theory, profession, etc.
Analysis, determination of the need, and provision of a common terminology, e.g.
glossary or lexicon, when necessary to aid cross-functional communication in the
organization
By 'consistency' is meant conformity, internally and externally, in the application of data

so that its use meets the needs of law, the stakeholders and the organization;
'traceability' is to trace the history, application and location of the data
a) Prove how the organization delivers consistency of data
b) Prove how the organization provides traceability of all its data
As a minimum the internal and external documents in the asset management system
must include those that satisfy the bullet points below
All documentation specified in ISO 55001: a) the ISO 55001 standard, b) asset
management system Scope, c) the asset management Policy, d) the asset
management Objectives, e) role incumbent competence records, f) for the asset's and
organization's applicable legal and regulatory requirements, g) designated by the
organization as being needed to meet its objectives, h) records of evidence processes
are followed (see 8.1, bullet point 3), i) documents of external origin designated by the
organization as being needed for planning and operation of the asset management
system, j) Audit reports
As in f) above
As in g) above
To 'ensure' is to make certain that (something) will occur or be the case

a) Provide a Document Management Procedure that addresses the bullet points
below.
b) Guaranteed application of the specified practices
Included in Document Management Procedure
Controlling documents means regulating the development, approval, issue, change,
distribution, maintenance, use, storage, security, obsolescence or disposal. These
can be called the 'document functions'. A controlled document is one where one or
more function is stipulated to be done in a particular way.
a) Include external documents in Document Management Procedure
b) Prove the external document identification and controls are done
ISO 55002 Asset management - Management systems - Guidelines for the application of
ISO 55001
ISO 55000: The collaboration across the organization, sharing of resources, coordination and
communication needed for the asset management system to reach the asset management
objectives of the organization.
All resources - human, infrastructure, information, financial and physical - required for the
establishment, implementation, maintenance and continual improvement of the asset
management system.
The organization is to determine the suite of competencies required for all asset management
roles and responsibilities, and the awareness, knowledge, understanding, skills and experience
needed to fulfil them, provide suitable incumbents, including the use of outsourced expertise.
Persons working under the organization’s control should have appropriate awareness of the
organization’s asset management policy, asset management system, business risks and their
work activities and behaviours. Awareness needs of a stakeholder are determined by their role
and its relationship to the organization meeting its asset management objectives
Asset management activities carried out by the organization should be communicated to relevant
stakeholders periodically, in a coordinated way, as an integral part of the organization’s asset
management activity and asset management system. The organization ought have
communication plan(s) to influence the decisions of stakeholders by advising them of the asset
management system requirements, the appropriate actions to do, the knowledge needed to
make sound decisions, when and what to communicate using feedback and reporting processes
and methods
Determine the information needs using a systematic approach to identify the necessary asset
information and establish the appropriate information management system and repositories
related to its assets, asset management and asset management system. Information required
includes: strategy and planning, process, technical & asset physical properties, service delivery
and operations, maintenance management, performance management and reporting, financial
and resource management, risk management, contingency and continuity planning, contract
management, continual improvement
ISO 55000: information, either as documents or records, interval or external, required to be

controlled and maintained by the organization and the medium on which it is contained
Identify and define the documented information to be managed and maintained over the life cycle
needed to fulfil legal requirements, provide asset health during its use and after
decommissioning, promote and support effectiveness of the asset management system
Put suitable controls in place to ensure that the information is appropriate and personnel in the
asset management system or doing asset management activities are using the approved,
accurate, most up to date information
Documents and records are to be controlled

Map the organisation's asset management system requirements to the full

range of resources needed to ensure the system can provide assets - human,
infrastructure, information, financial and physical - with the capacity and in a
condition suitable to achieve the organisation's objectives
Undertake regular asset management planning and budgeting and follow

through to implementation
Determine and document all necessary competencies for all roles, ensure
incumbents are competent, and keep verifiable records demonstrating the
currency of the competencies. Develop a succession plan for positions so
competent incumbents fill the roles
Persons working in the asset management system are to be aware of the asset
management policy, their contribution to the effective operation of the asset
management system, their work activities and the associated risks, and
appreciate the consequences of not doing their work properly.


Determine the need for internal and external communications relevant to
assets, asset management and the asset management system for persons
working under the organization’s control. Develop a Communication Plan that
addresses all the requirements of the clause in ISO 55001 over the life of the
assets, its asset management, and the asset management system

The organization determines and provides the information and its management
required to support its assets, asset management system, manage asset
related risks, have competent people, monitor and measure the achievement of
its asset management objectives, keep the information maintained, current and
accessible to users
The assessment and selection of information must provide useful content to

address the bullet points

The assessment and selection of information must have useful configuration
and substance to address the bullet points
The information you have is part of your proprietary and corporate knowledge
and needs to be controlled and protected
Documented information to keep is that required by ISO 55001, needed to

satisfy the applicable legal and regulatory requirements, and as necessary for
supporting and improving asset management system effectiveness
Research and select all such documents, identify them as controlled,and
include them into a document management system

The information is appropriately identified and described, using the approved

format and media, is reviewed and approved for suitability and satisfactoriness
Documented information, whether internal or external, is to be controlled

throughout its lifecycle so it is available, suitable and legible for use by users,
protected, changes are controlled

Satisfied by applying IONICS analysis to design the AM processes using

the 'Stress to Process' model to identify the resources, practices, quality
assurance, and the roles and duties for each process
Input the required resources into the organization's corporate planning

and budgeting process


Input the required competencies into the organization's human resource

management, planning and up-skilling processes
Ensure the required competencies by using the organization's human

resource management, planning and up-skilling processes
Ensure the required competency document information is kept by using

the organization's human resource management, planning and up-skilling
processes
Ensure the periodic review of competency and skills currency and needs
is done by using the organization's human resource management,
planning and up-skilling processes
Satisfied by using Accuracy Controlled Enterprise 3T procedures which

advises the importance of following AM plans and the need to do the
requirements in the plans


Satisfied by using IONICS analysis and transferring internal and external
communication requirements into applicable Accuracy Controlled
Enterprise 3T procedures

Satisfied by applying IONICS analysis to design the AM processes and

procedures using the 'Stress to Process' model to identify the information
required for each process needed to achieve the AM objectives


Satisfy the document management and records management

requirements of ISO 9001 applied to the asset management system.





Day 1: 19, 20, 29, 30, 44 to 53, 74 to 128

Day 2: 47 to 83
Day 3: 5 to 32, 44 to 48, 62 to 70
Day 1: 23, 29, 30, 45, 67 to 81, 91 to 114, 119, 125, 127
Day 2: 9 to 21, 74 to 83, 96, 97, 114 to 124
Day 3: 5 to 24
Day 1: 42, 47, 59 to 62

Day 2: 22 to 33, 91 to 93
Day 3: 33 to 43
Day 1: 45, 59 to 62, 71, 72
Day 2: 42, 67 to 78, 90 to 92
Day 3: 16, 20 to 24, 33 to 43, 73, 74
Day 1: 19, 20, 29, 30, 43 to 47, 71, 72, 82 to 119

Day 2: 7 to 21, 49 to 59, 83, 122, 123
Day 3: 5 to 24, 33 to 51, 57, 67, 69, 73, 74
As in 7.5
As in 7.5
As in 7.5
How to Address Gap
Clause
No
8 Operation
Operational planning and

8.1 The organization shall plan…
control
— establishing…
— implementing…
— keeping…
— treating…
8.2 Management of change Risks associated…
The organization shall control…

8.3 Outsourcing When the organization outsources....
The organization shall determine…
a) the processes…
b) the responsibilities…
c) the processes…
When outsourcing…
— the outsourced…
— the performance…
nt Wellness Way
Required Evidence
All processes used in the asset management system to (i) achieve a requirement, (ii) to do the
actions specified from 6.1 (Actions to address risks and opportunities for the asset management
system), (iii) to do the actions specified from 6.2 (Asset management objectives and planning to
achieve them), (iv) to do the actions specified from 10.1 (Nonconformity and corrective action), (v) to
do the actions specified from 10.2 (Preventive action) are:
a) planned, i.e. specify the required activities, responsibilities, resources, timescale and risk
management
b) implemented, i.e. put the planning into use by allocating roles and responsibilities, placing
competent resources into the roles, providing appropriate equipment, setting procedures to follow,
doing the prescribed activities rightly
c) controlled, i.e. specifying the behaviour and supervising the doing of a process through use of
performance measures, audits, ad hoc observations/sampling, etc. to verify the process is done as
designed and it is delivering the expected outcomes
Relevant, defined criteria (i.e. more than one criterion) capable of delivering the expected outcome
exist for all processes
Prove the process runs as intended and achieves the set criteria
a) Records are kept and controlled that prove the process was done as it was planned to be done
b) A list of all the necessary records from all processes
c) A Records Management Procedure
Risks are controlled and observed to the requirements of planning to meet asset management
objectives noted in 6.2.2
Review and assessment of risks caused by a change, be it organizational structures; policy,

objectives or plans; process(es) or procedure(s) for asset management activities; new assets, asset
systems or technology (including obsolescence); factors external to the organization (including new
legal and regulatory requirements); supply chain constraints; demands for products and services,
contractors or suppliers; demands on resources, including competing demands.
Prove identifying risks and opportunities, and planning to address them is done as per 6.1 (Actions to
address risks and opportunities for the asset management system), and planning of the actions and
their provision are done as per 6.2.2 (Planning to achieve asset management objectives)
A Management of Change Procedure is established detailing:

a) the control of change
b) review of consequences, including unintended consequence in future, or across the organization,
or outside the organisation, to any stakeholders
c) the requirements and capacity to address unintended consequences
d) actions, reactive and proactive, to be taken to mitigate adverse effects of unintended
consequences
An 'outsourced' activity is one where an external organization performs part of the organization's
function or process
a) A risk assessment, including unintended consequences, of work outsourced where the work can
effect asset management goals
To 'ensure' is to make certain that (something) will occur or be the case
b) Regardless of the risk, all outsourced work processes and activities are controlled, reviewed and
approved by the organization, e.g. the organization may require the provider or supplier to adopt
controlled processes and activities
A document explaining the:

a) assessment and selection of controls for outsourced work
b) how integration is achieved between outsourced work and the organization's asset management
system, e.g. a document explaining each party's responsibilities and the necessary actions and
interactions to be performed by each
a) Assess and select what is to be outsourced

b) establish clear processes with set scope and timeline of provision
c) identification of risks to the scope and the organization and selecting mitigations
d) the interfaces between provider and the organization during the life cycle
Clearly defined roles, responsibilities and authorities of persons in the organisation who manage the
outsourced work
Clearly define ways to exchange information and advice, along with the extent of information and
knowledge to be provided between the organization and provider
The organisation will make certain the following bullet points are met when outsourcing:
The provider satisfies 7.2 Competence, 7.3 Awareness, 7.6 Documented information, i.e. all
documents and records are controlled
Assess performance monitoring requirements, identify and manage the risks, select the
measurement means, schedule monitoring activities, conduct evaluations and report on the
outsourced work in accord with 9.1 Monitoring, measurement, analysis and evaluation
ISO 55002 Asset management - Management systems - Guidelines
for the application of ISO 55001
ISO 55000: the design, direction, implementation, change management
and control of the asset management activities, including those services
and activities outsourced.
The organization needs operational planning and control processes in

order to support the effective delivery of the activities required by the
asset management plan(s). Define requirements for the operational
planning, control, resourcing, measuring and auditing of asset
management and the asset management system
The organisation needs to evaluate and manage internal or external

changes affecting assets, asset management or the asset management
system by assessing their risks, their consequences across the
organisation's systems, including unintentional consequences, and
developing appropriate mitigations and implementing them successfully
Outsourcing means the selected asset management activities are done
by other parties or service providers and not by the organisation itself.
This requires documented agreement on the processes/activities
outsourced, responsibilities and authorities to manage them, and how
knowledge is to be shared between parties.
Design, develop, document, implement, measure and control the processes

needed to perform the risk management actions that bring risk down to the
required level; conduct the plans needed to achieve the asset management
objectives, and undertake corrective and preventive activities.
The methodology to use for this clause is Process Mapping. As you map the
asset management processes you identify how to address the bullet points

Develop, establish, implement and monitor a change management process

amd procedure that proactively assesses risks affecting assets, asset
management or the asset management system, insures they are managed,
provides control and there are reviews of unintended consequences in order
to improve the process

Outsourced activities require their associated risks to be documented,
assessed, controlled and managed by competent persons with the
responsibility and authority to manage the outsourced activity. Those doing
the outsourced activity must be competent, aware of the effect of the activity
on the asset management objectives, adopt the necessary document
management practices, and be monitored, measured and evaluated.
It requires a formal, documented process for outsourcing that identify the

risks arising from outsourcing and proactively put suitable controls and
monitoring into place.
Document the process and procedure explaining how outsourcing is done,

taking into account the complexity of the work and the risks it causes to the
organisation


Satisfied by applying IONICS analysis to design the AM, corrective and

preventive processes using the 'Stress to Process' model to identify the
resources, practices, quality assurance, and the roles and duties used in
the process

Satisfied by applying 3-Factors Risk Analysis combined with 'Stress to

Process' model and/or Physics of Failure Analysis
Risks identified using the above approach (3-Factors Analysis plus 'Stress
to Process' and/or POF Analysis) are addressed and managed using ACE
3T procedures
Work plans to do a change will be put through a 3-Factors Risk Analysis

and necessary mitigations will be included in the applicable 3T Procedures
Satisfied by applying IONICS analysis and incorporating 3-Factors Risk
Analysis to design the Outsourcing selection and control processes
Activities identified by the above approach (IONICS combined with 3-

Factors Risk Analysis) are addressed and managed using ACE 3T
procedures
Satisfied by applying IONICS analysis to design the Outsourcing

processes, controls, performance monitoring and measurement using the
'Stress to Process' model to identify the resources, practices, quality
assurance, measures, and the roles and duties used in the process


Relevant Slides in PWW Training Presentations
Day 1: 19, 20, 23, 29, 34, 43 to 47, 59 to 62, 82 to 114, 125 to 127
Day 2: 6 to 59, 85 to 97, 114 to 127
Day 3: 3 to 24, 33 to 51,
Day 1: 19, 20, 43 to 47, 85 to 90, 125 to 128

Day 2: 3 to 59, 103 to 106
Day 3: 25 to 29, 33 to 43, 52 to 56
Day 1: 29, 62, 83 to 90, 119
Day 2: 9 to 16
Day 3: 34 to 36, 49 to 51
How to Address Gap
Clause ISO 55001
ISO 55001 Clause
No Requirement
Performance
9
evaluation
Monitoring,
measurement,
9.1 The organization shall determine:
analysis and
evaluation
a) what needs…
b) the methods…
c) when the…
d) when the results...
The organization shall…

— the asset…
— the asset management…
— the effectiveness…
The organization shall evaluate…

9.2 Internal audit
9.2.1 The organization shall conduct…

a) conforms to:
— the organization’s…
— the requirements…
b) is effectively…
9.2.2 The organization shall:
a) plan,…
b) define…
c) select…
d) ensure…
e) retain…
9.3 Management review Top management shall review…
The management review…
a) the status…
b) changes…
c) information…
— nonconformities…
— monitoring…
— audit…
d) asset management…
e) opportunities…
f) changes…
The outputs of…

ant Wellness Way
Required Evidence
Research, assess and select appropriate asset, asset management and asset
management system performance monitoring, measurement, analysis and evaluation that
determines whether the organization’s asset management objectives are being achieved
effectively and efficiently
Intentionally identify, chose and justify necessary performance indicators

a) Intentionally identify, chose and justify the monitoring, measurement, analysis and
evaluation methods used
b) Prove they will deliver valid results
a) Specify the points in each process to do monitoring
b) the schedule for when to do the observations at each point
a) Specify the analysis and evaluation to be done for each monitored point in each process
b) the schedule for when to do the analysis and evaluation
The organization will assess and report performance for:
Each asset in the asset portfolio
Asset management success, financial and non-financial indicators
Measuring 'effectiveness' involves identifying the extent to which planned activities are
realized and planned results achieved
How effectively the asset management system is at meeting the asset management
system objectives
A means to gauge and indicate whether the processes used to manage risks and
opportunities are delivering the intended results, e.g. risks in the risk register are
diminishing in size and frequency
a) Assess and select the records to be made of the results of monitoring, measurement,
analysis and evaluation
b) The records are controlled
Confirm the monitoring and measuring used satisfies the needs and expectations of all
stakeholders, e.g. a matrix matching performance measurement to stakeholders'
requirements
Internal audits are in use, i.e. independent reviews and assessment, of the asset
management system to evaluate the following bullet points
Asset management system conformance of the following bullet points:
Is run as the organization requires
Is run as ISO 55001 requires
Internal audits are to check and evaluate:

a) effective implementation of the asset management system, i.e. results achieve plans
b) effective maintenance of the asset management system, i.e. results achieve plans
An Internal Audit Procedure is available that addresses each of the bullet points in this
clause
a) they are a systematic, scheduled, independent and documented process for obtaining
evidence and evaluating it objectively to determine the extent to which the audit criteria are
fulfilled, and providing a report the findings
b) The schedule and frequency of audits is matched to the significance of a process in
achieving the asset management system objectives
c) The schedule and frequency considers the significance of the issue found in previous
audits
Every audit investigates set requirements within a specified boundary of investigation

Insure audits are conducted by unbiased people in an equitable way
a) Specify the relevant managers to get the report
b) The report is distributed to the managers
The information gathered and the audit report are kept and controlled
a) Top Management undertake regularly to determine the suitability, adequacy, and

effectiveness (i.e. extent to which planned activities are realised and planned activities are
achieved) of the organization’s asset management system
b) a schedule of when Review Meetings are to be held
A meeting agenda listing all the bullet points below.
A report is presented at the Management Review Meeting about this requirement

a) The minutes record all decisions regards opportunities for continual improvement
b) The minutes record all decisions regards necessary changes to the asset management
system
Keep and control outputs from the Management Review Meeting
ISO 55002 Asset management - Management systems - Guidelines for the application of
ISO 55001
ISO 55000: The performance of the asset management system should be evaluated against
any objectives set specifically for the system itself (either when it was established, or following
previous evaluations). The primary purpose of evaluating the system should be to determine
whether it is effective and efficient in supporting the organization’s asset management and
meeting its asset management objectives.
Performance indicators, either quantitative or qualitative, financial and non-financial, are

selected to be monitored by persons at a level suitable to the risk, complexity and value of the
assets. Processes are developed to measure, monitor, analyse and evaluate the organization’s
assets, asset management system and asset management activity on a regular basis to
determine how well the asset policy and SAMP are being met. By the use of performance
indicators the organisation evaluates its assets and asset management activity in order to
ensure their continuing suitability, adequacy and effectiveness. When necessary changes are
made to policy, objectives, strategies, and other elements of the asset management system to
improve its effectiveness in delivering the asset management objectives.
Conduct internal audits of the asset management system, particularly in relation to critical
assets and asset systems, to ensure that the asset management system is achieving its
objectives and plans and is identifying opportunities for improvement. Internal audits should be
conducted at planned intervals to determine and provide information to top management on the
appropriateness and effectiveness of the asset management system, as well as to provide the
basis for setting objectives for continual improvement.
A review and consideration of the organization’s assets, asset management system and asset
management activity, as well as the operation of its asset policy, objectives and plans, is
undertaken by top management at planned intervals. The purpose is to ensure the system's
current and continuing suitability, adequacy and effectiveness. The review would also consider
the appropriateness of the asset management policy for the organization’s purpose, establish
new or updated asset management objectives for continual improvement, and consider if
changes are needed to any elements of the assets, asset management processes or asset
management system
How to achieve requirements using ISO 55001 Tools and
Techniques
Identify what needs to be monitored, the methods to use to get valid

results, when to take measurements and when to check and evaluate
the results.
Performance indicators, either quantitative or qualitative, financial and

non-financial, are selected to be monitored by persons at a level
suitable to the risk, complexity and value of the assets.

Specifically address this clause by assessing whether risk events

involving assets, asset management and the asset management
system are decreasing year after year. One way is to observe the
frequency and types of non-conformances occurring. Another is
undertake internal auditing of asset risk management and control and
report the findings to Top Management.
The performance information collected, the analysis and the reports are
records and as such are controlled documents
The asset management system is only useful when it helps to achieve

stakeholder goals. The monitoring, measurement, analysis and
evaluation undertaken should only be of evidence that relates to the
achievement or not of those objectives
Internal audits are planned, scheduled, appropriately resourced, and
documented to determine compliance to the asset management system
requirements and to ISO 55001, and whether the asset management
system is effectively implemented.
Undertake an Internal Auditing program using an Internal Auditing

process that satisfies all the bullet points and sub-clauses

A top management review of the asset management system is done at

planned intervals to ensure its continuing suitability, adequacy and
effectiveness, i.e. the successfulness of the asset management system
at delivering its objectives. Decisions and outputs of the meeting are
documented.
The meeting agenda includes: previous actions, relevant internal and

external changes, performance and trends, asset management activity,
continual improvement opportunities, changes in risk levels

The inputs and outputs of Management Reviews are controlled
documents
Apply IONICS analysis to correctly design the AM processes

incorporating monitoring, measurement, analysis and evaluation, using
the 'Stress to Process' model to identify the right practices, the quality
assurance, the performance measures and the roles and duties for each
process


Satisfy the internal audit requirements of ISO 9001 applied to the asset
management system.
NOT RECOMMENDED, WILL CAUSE PROCESS DISRUPTION.

Monitor processes directly with statistical analysis and take appropriate
management action


Satisfy the Management review requirements of ISO 55001.
NOT RECOMMENDED, WILL CAUSE PROCESS DISRUPTION.

Monitor processes directly with statistical analysis and take appropriate
management action


Day 1: 8, 15 to 18, 21 to 30, 48 to 53, 74 to 81, 90, 95 to 114, 119

Day 2: 9 to 16, 22 to 33, 59, 61 to 64, 75 to 78, 85 to 97, 121 to 124
Day 3: 7 to 19, 41 to 43, 63, 68
Day 1: 53, 59 to 62, 88, 89, 92, 93, 117, 119
Day 2: 63, 86, 93
Day 3: 10, 16, 68
Day 1: 83, 88, 93, 115 to 128

Day 2: 62 to 68, 86, 90 to 93
Day 3: 14, 16, 34, 62, 65, 68, 73 to 77
How to Address Gap
Clause ISO 55001
ISO 55001 Clause
No Requirement
10 Improvement
Nonconformity and
10.1 When a nonconformity…
corrective action
a) react to…
— take action…
— deal...
b) evaluate…
— reviewing…
— determining…
— determining if…
c) implement…
d) review…
e) make changes…
Corrective actions shall be…
— the nature…
— the results…
10.2 Preventive action The organization shall establish…
When a potential…
Continual
10.3 The organization shall continually improve…
improvement
nt Wellness Way
Required Evidence
a) Establish, implement and maintain a process and procedures for non-

conformities and incidents (with either negative or surprisingly positive outcomes)
to assets, the asset's management, the asset management system
b) A means to record all non-conformities and incidents, both adverse or beneficial
c) The organization appropriately addresses each event
d) A means to track all non-conformities and adverse incidents until resolved
a) Have preconceived plans and solutions to address likely non-conformities and

incidents, e.g. first aid training
b) Address non-conformities and incidents commensurate to the size of risk, e.g.
liaison with Emergency Services for major incidents
Established methods, knowledge and resources are in place to undertake
appropriate actions related to the control of a non-conformity or incident
Established methods, knowledge and resources are in place to undertake

appropriate actions related to the consequences of the non-conformity or incident
To 'evaluate' is to form an idea of the amount, number, or value of; assess

Investigation, assessment and decision whether or not to remove the causes of a
nonconformity or incident. Where the elimination is also done on other assets we
will call this 'Lateral Improvement'
Investigation into the non-conformity or incident
Establishing the causes of the non-conformity or incident
Establishing if a similar non-conformity or incident could exist, or could potentially
occur elsewhere
Where a response was needed to address the non-conformity or incident it was
done appropriately, and timely
Check and confirm actions taken to address the non-conformity or incident actually
worked to reduce any future occurrence
Undertake system changes, via Management of Change (8.2), where appropriate
to eradicate unwanted non-conformance or incidences, or to establish wanted non-
conformance or incidences
a) The response matches the scale of the impact of a non-conformance or incident

b) Escalation results until the event is suitably addressed
The related documents, information and records are controlled
Prove the event was investigated and addressed in a timely and appropriate
manner
Prove actions were taken and they were effective or not, and if not alternate, more
effective, actions were taken
a) A process to proactively identify potential defects or future problems is used

b) Comprehensive procedures for evaluation of risks, recommendation for action
and/or changes, the effectiveness of recommendations, are established and
followed
a) Preventive action recommendations are undertaken commensurate to the risk

from the defect or problem
b) The corrective action process is followed to implement preventive actions
a) A process and procedures are established, used and maintained for identifying
opportunities, both from internal and external sources, for continual improvement
of the organization's assets' management and asset management system in order
to achieve its objectives
b) Assessment of the financial and non-financial benefits to be gained from
proposed improvements
ISO 55002 Asset management - Management systems - Guidelines for the application
of ISO 55001
ISO 55000: Continual improvement is a concept applied to the assets, the asset
management activities and the asset management system, including outsourced activities or
processes
Establish plans and processes to control nonconformities and their associated

consequences to assets, asset management processes and the asset management system,
to minimize any adverse effects on the organization and on stakeholder needs and
expectations. Corrective actions are actions taken to address the root cause(s) of identified
non-conformances, or incidents, in order to manage their consequences, and to prevent or
reduce the likelihood of recurrence. Process(es) and their associated procedure(s) are
established, implemented and maintained for the handling, investigation and correction of
nonconformities, functional failures, and incidents associated with assets, asset systems and
the asset management system
Preventive actions, which may include predictive actions, are those taken to address the root
cause(s) of potential failures or incidents, as a proactive measure, before such incidents
occur. The organization should establish, implement and maintain process(es) for initiating
preventive or predictive action(s).
Adopt an ongoing, organisation-wide process(es) to identify, assess and implement
improvements for the assets, asset management, or asset management system. Collect
information on new knowledge, technologies and practices that could bring useful
improvement. Gather data from the current assets, asset management, and asset
management system performance to identify opportunities for continual improvement.
Design, document, establish, resource and action a risk based process(s)

and procedure to assess and address nonconformities in assets, asset
management processes and the asset management system to produce an
ALARP level of asset risk as minimum. The effectiveness of the corrective
actions are to be reviewed and necessary changes made to the asset
management system

The documents and records from non-conformances and their

investigation and analysis are controlled.
Design, document, establish, resource and action a risk based

process(es) to proactively identify potential failures in asset performance,
evaluate the need for preventive action, undertake the necessary activities
to correct the issues, review their effectiveness and make necessary
changes to the asset management system.

Design, document, establish, resource and action a risk based
process(es) identifying opportunities to continually improve the suitability,
adequacy and effectiveness of asset management and the asset
management system through assessing, prioritizing and implementing
actions to achieve continual improvement and reviewing their subsequent
effectiveness
Apply IONICS analysis to design the non-conformity and corrective action

processes with responses commensurate to the risk, including all
considerations noted in the bullet points, and develop the associated ACE 3T
procedures
Use 3-Factors Risk Analysis on IONICS produced process to develop

contingencies to handle the non-conformity or incident and to deal with the
consequences
Apply IONICS analysis to develop 'Lateral Improvement' processes and

associated ACE 3T procedures

Satisfy the documented information requirements of ISO 55001
Apply any or all of Physics of Failure Analysis, Reliability Grow Cause Analysis
(RGCA), 'Chance of Success' analysis, DOCTOR operating profit optimisation,
or Process Step Contribution Mapping
Put preventive actions changes through Management of Change process to

decide which preventive actions to incorporate into processes and respective
ACT 3T procedures
Apply any or all of Physics of Failure Analysis, Reliability Grow Cause Analysis
(RGCA), 'Chance of Success' analysis, DOCTOR operating profit optimisation
or Process Step Contribution Mapping and put continual improvement changes
through Management of Change process to decide which improvements to
incorporate into processes and respective ACT 3T procedures
Day 1: 19 to 34, 44, 45, 67 to 81, 91 to 114, 119

Day 2: 9 to 21, 28 to 33, 41 to 45, 49 to 59, 62 to 65, 94 to 102
Day 3: 10 to 16, 28 to 32, 44 to 57
Day 1: 19, 20, 29, 30, 82 to 114, 118, 1128

Day 2: 9 to 21, 41 to 58, 85 to 87, 99 to 107, 114 to 127
Day 3: 16, 18 to 23, 37 to 43, 52 to 57, 68 to 77
Day 1: 19, 29 to 32, 44, 91 to 111
Day 2: 98 to 113
Day 3: 28 to 32, 52 to 57
How to Address Gap

ISO-55001 Mapped To Plant Wellness Way

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ISO-55001 Mapped To Plant Wellness Way

Uploaded by

Copyright:

Available Formats

ISO 55001:2014 Asset Management Requirements Mapped to the Plant Wellness Way Methodolo

dard and its related publications.

ng ISO 55002 requires you to address each clause

4 Context of the organization

Asset management objectives, included…

Understanding the needs

— the stakeholder requirements...

Determining the scope of

The scope shall be available…

4.4 Asset management system The organization shall establish…

The organization shall develop a SAMP…

To 'determine' is to establish by research.

a) List of all stakeholders, internal and external, impacted by asset management

List of every thing each stakeholder requires recorded in respect to an asset

Include in the scope considerations (the Organization)

A documented high level SAMP (Strategic Asset Management Plan) containing

Asset management decisions require understanding stakeholder perceptions, values,

Undertake a Business Environmental Scan

Identify how use of assets delivers organizational goals; Establish

Identify, document and communicate external and internal stakeholders

Satisfied as noted above and in 'Required Evidence' column

Satisfied as noted above and in 'Required Evidence' column

Satisfied as noted above and in 'Required Evidence' column

The Scope includes the entire asset portfolio, asset interdependencies,

The Scope is a controlled document

Develop a document called 'Strategic Asset Management Plan'

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet where

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet which

Satisfied by using the 'Stress to Process' model spread sheet which

Apply IONICS analysis to correctly design integrated asset

Satisfied by using the 'Stress to Process' model spread sheet which

Day 1: 82 to 88, 115 to 128

Day 1: 82 to 90, 115 to 128

Day 1: 82 to 90, 115 to 128

— ensuring that the asset management

— ensuring the integration…

— ensuring that the resources…

— communicating the importance…

— ensuring that the asset management…

— directing and supporting…

— ensuring that the approach used…

5.2 Policy Top management shall establish…

d) includes a commitment to…

Top management shall assign…

a) establishing and updating…

b) ensuring that the asset…

c) ensuring that the asset management…

d) ensuring the suitability…

e) establishing and updating…

To show 'leadership' means to take action to direct a group.

To be 'communicating' the parties involved exchange ideas and information; it is a two-way

a) Evidence of monitoring and measuring the asset management system performance in

Being 'aligned' means there is common agreement

To be 'appropriate' is to suitable or proper for the circumstances

Statement of commitment to continually improve the asset management system

Remaining 'consistent' is being compatible and in agreement with

By 'suitability' is meant if it is right or appropriate for a particular person, purpose, or situation;

Top management demonstrates ownership, accountability, leadership and