1. January 14, 2014

2. © 2012 Sunflower Systems

4.  Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO 55000 ”  Cost $330 for a compilation of the three documents © 2012 Sunflower Systems

5.  ISO 55000 : Asset Management - Overview, Principles and Terminology  ISO 55001 : Asset Management – Management Systems - Requirements  ISO 55002 : Asset management — Management systems — Guidelines for the application of ISO 55001 5

6. © 2012 Sunflower Systems

7. Managing the Organisation

8. © 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets

9. © 2012 Sunflower Systems

10.  improved financial performance © 2012 Sunflower Systems

11.  improved financial performance  informed asset investment decisions © 2012 Sunflower Systems

12.  improved financial performance  informed asset investment decisions  managed risk © 2012 Sunflower Systems

13.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs © 2012 Sunflower Systems

14.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility © 2012 Sunflower Systems

15.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance © 2012 Sunflower Systems

16.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation © 2012 Sunflower Systems

17.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation  improved organizational sustainability © 2012 Sunflower Systems

18.  improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation  improved organizational sustainability  improved efficiency and effectiveness © 2012 Sunflower Systems

20.  Existing Focus  Lifecycle cost  Total Cost of Ownership (TCO)  Future Focus  Value Creation Create Value for your Organization

21.  Do people buy cars to minimize TCO?  Obviously no  People buy cars to realize value © 2012 Sunflower Systems

22.  Objectives into actions  Integration  A supporting Asset Management System © 2012 Sunflower Systems

23.  Workplace culture  Roles and responsibilities – and authority  Awareness  Stakeholder involvement © 2012 Sunflower Systems

24.  Assets fulfill purpose  Processes  Connection to organizational objectives  Continual improvement  Necessary resources © 2012 Sunflower Systems

25. Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets

26. © 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

27. © 2012 Sunflower Systems

28. The Organization Leadership Plans Support Operation Performance Evaluation Improvement 28

29. © 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

30. © 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives Asset Portfolio Assets that are within the scope of the asset management system

31.  Asset is an item, thing or entity that has potential or actual value to an organization 31

32.  ISO 55000 is strategic level document  Lifecycle is the bottom level concept  Current NPMA/ASTM E53 lifecycle guidance connect operations to ISO 55000 strategic concepts

33. 33  Where do we stand?

34.  You are already doing Asset Management better than the rest of the world  98+% accuracy is beyond the most aggressive goals of organizations around the world  Familiarity with compliance and an audit environment

35.  Documented policies and procedures  That are being followed!  Historical transaction data  Say it, do it, prove it

36.  Centralized, system level approach  Excellent Asset Management registries  Established systems for Asset Management  A record of success

37.  Top Management visibility and impact  The missing FMR  Integration  Planning

38.  Organizations using these principles around the world are realizing significant cost savings  What’s necessary isn’t new money, but smarter use of existing money  There are achievable savings beyond the cost of implementation © 2012 Sunflower Systems

40. Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives Asset Portfolio Assets that are within the scope of the asset management system