asset management and iso55000 –what and what next?...iso tc251 is the iso technical committee...

Asset Management and ISO55000 – What and what next?Rhys Davies – Chair ISO/TC251 Asset Management

21st May 2020

Rhys Davies MBA CEng FIAM MIET

• Chair ISO/TC251 Asset Management

• Global Consulting Leader for Digital Asset Management & Operations

• 25 years in AM in aerospace, defence, rail, telecommunications and oil & gas

• IAM Board member 2014 - 2016• IAM Patrons Representative

For Atkins 2019 - dateFor Lloyd’s Register 2005 - 2010

• IAM Council Member 2008 – 2010

@Rhys_Davies_55k#AssetManagement #ISO55000

Synopsis

Lots of you will have heard of ISO55000 but where did it come from, what has TC251 published and what is coming next

Asset Management is 4 Things

Source: ISO55000 Asset Management

– A Biography

OR To quote Tom Prendergast –former Chair of the NY MTA – it is only one thing:

“So this is all about how I choose where to spend the MTA’s last $1000 to deliver best value?”

Aligning AM and Managing Assets

• We have been ”managing assets” for a long time

• The reliability engineering, maths and understanding of asset related risk around “managing assets” has existed for a long time

We needed something new and different which is why we wrote PAS55 and then ISO55001 as Management Systems.

We needed to bring our thinking into the business world:

• Greater linkages to Organizational objectives,

• Greater understanding of how Asset Risk links to Enterprise Risk

• Greater understanding of how Business Planning cycles sit within long term Asset Life-cycles.

6

Benefits of Management Systems

Embedding the way we do things in a management systems approach is an established way of addressing consistency in the context of rapid staff movement.

Management systems can (and indeed should) be agile and adapt to change

7

What about systems life

cycle thinking?

BUT –we should not need to reinvent the need to adopt Safety, Reliability or Systems

Engineering concepts everytime. Their need should be embedded in process.

Why is this important to you?Around the world

8

ISO Structure

Contains sensitive information

9

Worldwide network of the main standardization bodies

Represents 163 countries

Develops and publishes international standards

Brings together experts from all over the world

Over 22000 international standards and related publications

Voluntary standards, consensus-based

Product compatibility

Product and services safety

Management systems

779 technical committees and sub-committees

Sharing ideas, solutions, expertise and best practices

The TC 251 committee manages the ISO 55000 series

Membership of ISO/TC 251

Background of ISO/TC251

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ISO TC251 is the ISO technical committee tasked with providing Standardization in the field of Asset Management

In January 2014, TC 251 published three standards, namely:

› ISO 55000:2014 - Asset management — Overview, principles and terminology

› ISO 55001:2014 - Asset management — Management systems — Requirements

› ISO 55002:2014 - Asset management — Management systems — Guidelines for the application of ISO 55001

In 2018 TC251 published:

› ISO 55002:2018 - Asset management — Management systems — Guidelines for the application of ISO 55001

In 2019 TC251 published:

› ISO TS 55010:2019 - Guidance on alignment of asset management, finance and accounting

Other Work of ISO/TC251

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• Website: committee.iso.org/tc251

• Publications and reference materials

• As well as a series of articles and other information

ISO/TC251 Current Structure

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ISO TC251 is a technical committee of ISO with the task of providing Standardization in the field of Asset Management

AHG 1 Spanish translations

AHG 3 “Decision Making” workgroup (temporary)

CAG Chairman’s advisory group

WG 3 Communications

WG 4 Product improvement and preparation for Revision of ISO55000

WG 5 Finance

WG 6 Preparation for Revision of ISO 55001

WG 7 Development of standards on public policy making

Current and Future Work of ISO/TC251

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Contributing to the

development of the

common High Level

Structure used for all

Management Systems

Developing guidance in the field of

public policy for Asset

Management

Exploring AM decision making

processes with a view to developing

new standards

Exploring Finance and

how AM impacts

areas like decision making

Supporting standards

development in

Sustainable Finance

Preparing for a revision of ISO55000

Preparing for a revision of ISO55001 based on a revised high

level structure for management

systems

Usage Around the World

English

French

Russian Chinese

Dutch

Swedish

Japanese Serbian

Spanish

Portuguese

Farsi

Finnish

Translated into 12 Languages including the main business languages of the world

Usage Around the World

English

French

Russian Chinese

Dutch

Swedish

Japanese Serbian

Spanish

Portuguese

Farsi

Finnish

Translated into 12 Languages including the main business languages of the world

How to Contribute

• Comments and official queries regarding the standards: contact your national standard body (e.g. SABS here in South Africa)

• Join your national mirror committee

How to Contribute 2

For quick contribution we are always looking for:

• Case studies

• reference materials

• ISO55001 certification announcements

submissions@iso55000.org

https://committee.iso.org/sites/tc251/social-links/resources/known-certified-organizations.html

Thank you

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Rhys DaviesChair ISO/TC251 Asset Management

E: Rhys.Davies@Atkinsglobal.co.ukM: +44 (0) 7983 600 832