1. ISO 55000 Asset Management Systems
Prepared by
Jim Dieter, MIAM CPPM CF
NPMA Executive Vice President
Director of Strategic Programs,
Sunflower Systems

2. 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?

3. ISO Management System Standards
Great impact and respect in the US
Executive Level visibility
Examples:
ISO 9001 – Quality Management System Standard
ISO – Environmental Management System Standard
ISO – Energy Management System Standard
Many will be familiar with other ISO Management Systems Standards.
There are many other ISO Management System Standards, and more in development.

4. ISO 55000 Series of Standards
ISO Overview, principles and terminology
The CEO level document
Principles and definitions set the tone for the other documents
ISO Requirements
The “shall” statements
ISO Guidelines
Same content as 50001, but with guidance for each section

5. ISO 55000 Timeline June 2010 – Decision to move forward
BSI PAS 55 as base document
November 2010 – ISO approval to begin
March 2011 – Meeting in Australia to consider comments on initial draft
October 2011 – Meeting in Arlington to transform comments into solid new drafts
2012 – Solidify draft documents
2013 – ISO process (translation and balloting)
March 2014 – Approved standard
BSI = British Standards Institute (equivalent to ANSI in the US)
PAS = Publicly Available Specification

6. 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?

7. ISO PC251
The ISO committee tasked to draft the standard is ISO Planning Committee (PC) 251
Chair – Rhys Davies of the UK
Secretary – Charles Corrie of ISO and the BSI
ISO member countries each have a national standards body that can choose to participate in the development of a specific standard
Wiki: “The organization says that ISO is not an acronym or initialism for the organization's full name in either official language; rather, recognizing that its initials would be different in different languages, it adopted ISO, based on the Greek word isos (ἴσος, meaning equal), as the universal short form of its name.”

8. ISO PC251 ANSI is the US national standards body
ASTM and committee E53 have been designated by ANSI as the host of the official US Technical Advisory Group (US TAG) representing the US in the development of ISO 55000
ANSI is the American National Standards Institute

9. US TAG Member Organizations
AEDC
AES
ASTM
DOBLE
DOE/Princeton
DynCorp International
Genzyme
GP/Allied
GSA
JHU/APL
Lockheed Martin
Meridium
NASASP
Northrop Grumman
ORNL/NPMA
Raytheon
SRA International
Stratum Consulting
Sunflower
Univ of Wisconsin School of Engr
Uptime Magazine
Vesta Parnters
NPMA
NY Subway
NPMA members’ organizations in blue.
Other members are from other asset management interests in the US

10. 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
The countries participating in the development of ISO

11. 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?

12. Terminology
Asset - something that has current or potential or actual value to an organization
Asset Life - period from conception to end of life
Responsibility period - period of value realisation from an asset by an organization
Asset management - coordinated activities of an organization to realise value from assets

13. Asset Responsibility Period
Maintenance folks use a lifecycle model of Acquire, Utilize, Maintain, Dispose.
The responsibility of an organization for an asset may extend beyond the time it physically possesses or controls the asset.

14. 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

15. The Three Disciplines of Asset Management
Asset Performance Management
Operational
Deriving value from the asset
Asset Assurance Management
Records and compliance
Interface to internal and external stakeholders
Asset Portfolio Management
High level planning
What do we have, and what should we have?

16. Asset Management Principles
Assets provide value to stakeholders.
People are key determiners of asset value realization.
An asset management organization is a learning organization.
Asset management knows internal and external context, enablers, and opportunities.
Asset management decisions consider future economic, environmental and social implications.
Asset management transforms strategic intent into technical, economic and financial activities.

17. 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
All ISO Management System Standards use the same definition for “XXX management system”.
(Those that don’t yet, will when revised.)

18. 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?

19. What’s in it for the NPMA?
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?
We are sorting out these answers now – and into the future.
An example is the Institute of Asset Management (IAM) in the UK.

20. What’s in it for the NPMA?
The NPMA Advantage – How we fit into the global and US Asset Management environment
Our unique market/niche/area of expertise:
US Public Sector
Compliance / Assurance Management

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

22. 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

23. Thank you!