1. 2013 NPMA Fall Conference Value Through Professional Asset Management ISO 55000: First Steps Jim Dieter. MIAM, CPPM CF November 13, 2013

2. 2013 NPMA Fall Conference Value Through Professional Asset Management 2  “ISO 55000: First Steps” scheduled for Wednesday, November 13 from 3:45-4:45 pm  The enormous promise of ISO 55000 is heading our way. What steps can you take today to be ready to leverage this once in a lifetime opportunity? The Topic

3. 2013 NPMA Fall Conference Value Through Professional Asset Management The Best News First  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

4. 2013 NPMA Fall Conference Value Through Professional Asset Management The Best News First  Documented policies and procedures  That are being followed!  Historical transaction data  Say it, do it, prove it.

5. 2013 NPMA Fall Conference Value Through Professional Asset Management Enterprise Asset Management  Centralized, system level approach  Excellent Asset Management registries  Established systems for Asset Management  A record of success

6. 2013 NPMA Fall Conference Value Through Professional Asset Management The Asset Management Lifecycle  ISO 55000 is strategic level document  Lifecycle is the bottom level concept  Current NPMA/FAR/AIA/ASTM E53 lifecycle guidance will connect your current operations to ISO 55000 strategic concepts

7. 2013 NPMA Fall Conference Value Through Professional Asset Management An Asset Management Plan  The Asset Management Plan defines the asset management system  The Asset Management Plan is a critical building block  FAR required plans are a great starting point for ISO 55000 planning

8. 2013 NPMA Fall Conference Value Through Professional Asset Management The Stretch  If you’ve done all of that – congratulations!  Perhaps typical of excellent compliance systems managed by NPMA members  What more will be required for ISO 55000?

9. 2013 NPMA Fall Conference Value Through Professional Asset Management Understand the Standard  Several sessions at this conference and other NPMA webinars and events  Available to NPMA members for informational and comment purposes  Available for sale as of January 15, 2013

10. 2013 NPMA Fall Conference Value Through Professional Asset Management Banner Only?  Is the organizational goal: To Fly the banner? To realize additional benefits?

11. 2013 NPMA Fall Conference Value Through Professional Asset Management Where Does Asset Management Fit in Your Organization?  Is there top management awareness of Asset Management?  Does your Asset Management Plan tie to organizational mission and objectives?  ISO 55000 is an opportunity to enhance top management awareness

12. 2013 NPMA Fall Conference Value Through Professional Asset Management ISO 55000 – Overview, Principles and Terminology  This is a marketing document  Use it as such  Benefits  Fundamentals

13. 2013 NPMA Fall Conference Value Through Professional Asset Management Value Asset – item, thing or entity that has potential or actual value to an organization Asset Management - coordinated activity of an organization to realize value from assets 13

14. 2013 NPMA Fall Conference Value Through Professional Asset Management Value Asset – item, thing or entity that has potential or actual value to an organization Asset Management - coordinated activity of an organization to realize value from assets 14

15. 2013 NPMA Fall Conference Value Through Professional Asset Management Organizational Mission  What is the mission of your organization?  How does Asset Management support the mission of your organization?  Can you articulate the contribution of Asset Management to the success of the organization in achieving its mission?

16. 2013 NPMA Fall Conference Value Through Professional Asset Management Organizational Strategic Plan  Are you familiar with your organization’s strategic plan?  Can you find Asset Management in your organization’s strategic plan?  If not, why not?

17. 2013 NPMA Fall Conference Value Through Professional Asset Management Strategic Asset Management Plan  The SAMP connects organizational objectives to Asset Management objectives  Asset Management objectives drive the Asset Management Plan  The Asset Management Plan defines the asset management system

18. 2013 NPMA Fall Conference Value Through Professional Asset Management Assess Current Status  An informal review by Asset Management expert(s) is a great starting point  Begin to understand the order of magnitude of the scope of the effort

19. 2013 NPMA Fall Conference Value Through Professional Asset Management The Delta  Close in on what needs to be done  Build the business case  Project planning  Change management

20. 2013 NPMA Fall Conference Value Through Professional Asset Management Get Involved  Through the NPMA  Through social media  Through industry associations  Through the Asset Leadership Network

21. 2013 NPMA Fall Conference Value Through Professional Asset Management There Is a Lot We Can Learn  Value  Scope  Upper Management Support  Using the Information

22. 2013 NPMA Fall Conference Value Through Professional Asset Management The End Thanks ! Jim Dieter Sunflower Systems