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ISO and the World of Asset Management

ISO and the World of Asset Management. Jim Dieter, MIAM CPPM CF NPMA Executive Vice President Director of Strategic Programs, Sunflower Systems. Carl Iannacone. Topics. Facts – what’s happened and what’s the schedule? Players – who’s involved? Concepts – what’s new?

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ISO and the World of Asset Management

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  1. ISO and the World of Asset Management Jim Dieter, MIAM CPPM CF NPMA Executive Vice President Director of Strategic Programs, Sunflower Systems

  2. Carl Iannacone

  3. Topics • Facts – what’s happened and what’s the schedule? • Players – who’s involved? • Concepts – what’s new? • Take aways – what’s in it for you?

  4. ISO 55000 History and Schedule • 2004: PAS 55 published • Winter 2009: BSI proposes PAS 55 as the basis for an ISO Asset Management System Standard • Spring 2009: ASTM E53 decides to engage in the ISO Asset Management development process • November 2009: ASTM E53 approved as official US Technical Advisory Group (US TAG) by ANSI

  5. ISO 55000 History and Schedule • June 2010: Preliminary Meeting of ISO Asset Management committee in London • September 2010: ISO approval of PC 251, Asset Management Systems • March 2011: First Official Meeting of PC251 in Australia • June 2011: US TAG Meeting at ASTM HQ in Philadelphia • October 2011: Second Official Meeting of ISO PC251 in Arlington, VA

  6. ISO 55000 History and Schedule • November 2011: Official Committee Draft (CD) for comment released • December 2011: US TAG meeting to craft US comments • February 2012: Third Official Meeting of ISO PC251 in Pretoria, South Africa • June 2012: Fourth Official Meeting of ISO PC251 in Prague, Czech Republic • February 2014: Target date for the release of ISO 55000

  7. ISO 55000 Structure • ISO 55000: Overview, Principles and Terminology • A (critical) marketing document (why) • ISO 55001: Requirements • The “shall” statements (what) • ISO 55002: Guidelines • Explanations and examples (how)

  8. Topics • Facts – what’s happened and what’s the schedule? • Players – who’s involved? • Concepts – what’s new? • Take aways – what’s in it for you?

  9. ISO/PC251 Participating Members 1. Argentina 2. Australia 3. Canada 4. Czech Republic 5. Denmark 6. Finland 7. Germany 8. India 17. Spain 18. Sweden 19. United Kingdom 20. United States of America 21. United Arab Emirates 22. Japan 23. France 24. Switzerland 9. Ireland 10. Italy 11. Republic of Korea 12. Netherlands 13. Mexico 14. Peru 15. Portugal 16. South Africa

  10. IAM Fact Sheet • A knowledge organization, with approximately 400 individual members • Founded in 2003 • Based in the UK, with members from around the world • Mission: The IAM is a not for profit membership organisation that exists to advance for the public benefit the science and practice of asset management. • Operates primarily in infrastructure sector • Produced and support PAS 55

  11. NPMA and ASTM E53 • ASTM E53, along with seminar presentations, and magazine and journal articles, has been the primary technology frontier of the NPMA • 26 active standards • Operationally oriented • Broad acceptance and use • Active and responsive leadership

  12. US TAG Member Organizations

  13. Not Yet US TAG Member Organizations • IT Asset Management • IAITAM • Gartner • Forrester • Medical/Hospitals • Highways • Rail • Museums…

  14. Topics • Facts – what’s happened and what’s the schedule? • Players – who’s involved? • Concepts – what’s new? • Take aways – what’s in it for you?

  15. Concepts – what’s new? • Asset • Asset or property? • Asset life • Asset Management • Asset Management System

  16. Federal Property and Administrative Services Act of 1949 • “…to provide for the Government an economical and efficient system for”: • the procurement and supply of personal property and nonpersonal services • the utilization of available property • the disposal of surplus property • records management • Title II – Property Management

  17. ISO 55000 Definitions • Asset – something with potential value to an organization and for which the organization has a responsibility • Asset System - group of assets that interact and/or are interrelated so as to deliver a required business function or service • Asset = Asset System

  18. Concepts – what’s new? • Asset • Asset or property? • Asset life • Asset Management • Asset Management System

  19. Asset Life • Asset life is defined as the period from its conception to end of life. • Assets often pass through identifiable asset life stages. • The description (and naming) of stages can differ for different assets and different applications/organizations. • An asset system, through the replacement, modification and/or maintenance of component assets, may even have an indefinite life

  20. Asset Responsibility Period

  21. Asset Management • Asset management enables the realization of value from assets • Value realization is achieved through the use of analytical approaches and implementation processes that have similar core characteristics, no matter what the industry

  22. Asset Management Organizational management of the interrelated and interlocking functions of • asset portfolio management, • asset responsibility management, and • asset performance management, with the common goal of supporting organizational objectives through optimal asset performance

  23. Concepts – what’s new? • Asset • Asset or property? • Asset life • Asset Management • Asset Management System

  24. ISO Required Management System Definition • Asset Management System – Set of interrelated or interacting elements of an organization to establish policies and objectives, and processes to achieve those objectives • ISO 55001 has the details • The ”Shall” statements

  25. Diplomacy • The art of dealing with people in a sensitive and effective way • A whole different level of listening, understanding and agreeing • Organizational effectiveness

  26. Topics • Facts – what’s happened and what’s the schedule? • Players – who’s involved? • Concepts – what’s new? • Take aways – what’s in it for you?

  27. What’s in it for the NPMA? • What is our unique market/niche/area of expertise? • The NPMA Advantage – How We Fit into the Environment • Opportunities and Decisions • How should the NPMA engage with other Asset Management organizations in the US? • How should the NPMA engage with other national and international Asset Management organizations?

  28. What’s in it for your organization? • ISO 55000 promises to be a widely recognized and adopted international standard • Assurance that they are doing the right things • Focus is on supporting the mission and objectives of your organization • Realizing value from the organizations assets

  29. What’s in it for you? • Better enable all of us to do our jobs • Increased management awareness of asset management • More “transportable” job skills and expertise • More opportunities

  30. Want to get involved? Lyle Hestermann: Lyle_V_Hestermann@raytheon.com Jim Dieter: jdieter@sunflowersystems.com

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