1. Safety Driven Performance Conference 2013 The future of managing asset-intensive businesses John Keefe APM/RBMI Technical Manager Asset Integrity Services 10 October 2013

2. Learning objectives To understand… the scope and intent of ISO standards for asset management the “dimensions” of asset management; risk, asset and lifecycle a 7-element framework to ensure all requirements are addressed

3. Context of Asset Management Data management Condition monitoring Risk management Quality management Environmental management Systems and software engineering Life cycle costing Dependability (Reliability, Availability, Maintainability, Supportability) Configuration management Sustainable development Inspection Non-destructive testing Pressure equipment Financial management Value management Shock and vibration Acoustics Qualification and assessment of personnel Project management Property and property management Facilities management Equipment management Commissioning process Energy management ISO 55000

4. Based on PAS 55 Part 1 & 2 Developed by… 50 organizations in 15 industries from 10 countries over 6 years

5. Participating Countries 1. Argentina 2. Australia 3. Belgium 4. Brazil 5. Canada 6. Chile 7. China 8. Columbia 9. Czech Republic 10. Denmark 11. Finland 12. France 13. Germany 14. India 15. Ireland 16. Italy 17. Japan 18. Korea, Rep. of 19. Mexico 20. Netherlands 21. Norway 22. Peru 23. Portugal 24. Russian Fed. 25. South Africa 26. Spain 27. Sweden 28. Switzerland 29. UAE 30. UK 31. USA

6. Asset Management “Dimensions” Risk Assets Asset Management Lifecycle

7. Financial Human Types of Assets Physical IntangibleInformation

8. ISO standards in development 55000 Asset management – Overview, principles and terminology 55001 Asset management – Management systems – Requirements 55002 Asset management – Management systems – Guidelines for the application of ISO 55001 17021-5 Competence requirements for auditing and certification of asset management systems

9. 55000 Overview, principles 2.5.3.3 Leadership Top Management creates the vision and values … and actively models these …. Leaders … ensure alignment of the asset management system to other management systems … 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement Seven Elements:

10. 55001 Requirements 5.1 Leadership and commitment Top management shall demonstrate leadership and commitment … by −ensuring the integration of the asset management system requirements into the organization’s business processes −promoting cross-functional collaboration within the organization 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement

11. 55002 Guideline 5.1 Leadership and commitment Top management commitment … can be demonstrated by: −establishing a strong collaborative work culture… −using asset management related decision making criteria for capital expenditures and other decisions 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement

12. 55000 Overview, principles 2.5.3.4 Planning The asset management system supports the development of asset management plans that have specific and measurable objectives. These objectives provide the opportunity for alignment of the organization’s strategic plan and the unit level business plans and operating plans. 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement

13. 55001 Requirements 6.2.1 Asset management objectives The asset management objectives shall −be established and updated using asset management decision making criteria 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement

14. 55002 Guideline 6.2.1 Asset management objectives It is important to consider that monitoring, measuring, analysing and evaluating is undertaken to drive and support decision-making on improvement actions. So when deciding what to measure, how to measure, analyse, etc. it is important to understand what type of behaviours and actions the organization is wanting to get out of the objective before implementing it. 1. Context of the organization 2. Leadership 3. Planning 4. Support 5. Operation 6. Performance evaluation 7. Improvement

15. A Functional Framework 1. Leadership, Values & Culture 2. Organization Organization’s Objectives (i.e. Business Plan) CONTEXT 6. Knowledge Management 4. Lifecycle Activities Decision Making Legal & Regulatory Requirements Customers, Suppliers & Employees Market Demand Society 5. Risk Management 3. Policy, Strategy & Objectives 7. Measurement & Improvement

16. Implementation Success Factors Commitment

17. Implementation Success Factors Commitment Measure Gap

18. Implementation Success Factors Commitment Measure Gap Value Proposition Delivered Value

19. Implementation Success Factors Commitment Measure Gap Value Proposition Line of Sight Company Plan Policy Strategy Objectives Daily Activities

20. Implementation Success Factors Commitment Measure Gap Value Proposition Line of Sight Change Management

21. Benefits of asset management Improved … financial performance services and outputs organizational sustainability organizational efficiency and effectiveness Demonstrated … compliance social responsibility Enhanced reputation Informed asset investment decisions Managed risk

22. Safety Driven Performance Conference 2013 Any questions?

23. Safety Driven Performance Conference 2013