ISO 55000: Asset Management System Workshop
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This document provides information about an ISO 55000 Asset Management System Workshop hosted by the Life Cycle Institute. The 2-day workshop will provide an overview of the ISO 55000 standard and teach participants how to develop an asset management policy, strategy, and supporting objectives. The workshop is intended for managers who acquire, manage, operate, maintain or dispose of physical assets. Attendees will learn critical concepts for asset management and how to document asset management plans to create an ISO 55000 compliant framework.
ISO 55000: Asset Management System Workshop
- 1. 1© Life Cycle Institute© Life Cycle Institute ISO 55000: Asset Management System Workshop
- 2. 2© Life Cycle Institute ISO 55000 Asset Management Standard • Published in January 2014, ISO 55000 is an international standard that is founded on the premise that the value of an asset is defined by how much it contributes to the achievement of organizational goals. • It is designed to optimize asset value and decrease organizational risks through a comprehensive asset management strategy that is built around business objectives and goals.
- 3. 3© Life Cycle Institute ISO 55000 Asset Management Standard Focused on organizational goals Contains four components: 1. Asset management policy 2. Asset management objectives 3. Strategic asset management plan 4. Asset management plans Sustained value to the organization
- 4. 4© Life Cycle Institute Participants will learn how to: Describe the clauses of the ISO 55000 standard Identify the benefits of the ISO 55000 standard Cite the critical concepts for asset management policy and strategy creation Develop an Asset Management Policy, strategy and supporting objectives Document steps to create the asset management plans and framework
- 5. 5© Life Cycle Institute ISO 55000: Asset Management System Workshop 2-day workshop 1.4 Continuing Education units (CEUs) Private Workshops may be tailored to your specific needs and delivered at your site. Institute of Asset Management Endorsed Trainer
- 6. 6© Life Cycle Institute Who Should Attend Managers acquiring, managing, operating, maintaining or disposing of physical assets Specific titles may include: • Operations Managers • Maintenance Managers • Reliability Engineers • Capital Project Engineers • Asset Owners • Asset Managers • Organizational Development • Quality Personnel
- 7. 7© Life Cycle Institute Asset Management System Implementation Framework Leadership, Policy & Strategy Asset Management Strategy Physical Asset Portfolio Business Case Procure & Construct Commission Operate & Maintain Asset Management System Asset Management Capability (Processes, Procedures & Knowledge) Asset Management Objectives Value Delivery ISO 55000 Compliance Reliability Excellence Process Safety Management Mechanical Integrity ISO 31000 Risk Management Asset Management Plans Asset Criticality ASSET LIFE CYCLE
- 8. 8© Life Cycle Institute Benefits of Asset Management Improved financial performance Informed asset investment decisions Managed risk Demonstrated social responsibility Demonstrated compliance Improved services and outputs Enhanced reputation Improved organizational sustainability Improved efficiency and effectiveness
- 9. 9© Life Cycle Institute Critical concepts for asset management policy and strategy creation Line of Sight Stakeholder Mapping Change Management Catch Ball Process Six anchor points for AM Objectives Assessing and Managing Risk
- 10. 10© Life Cycle Institute 3 Reasons to Choose the Life Cycle Institute Asset Management is what we DO! Our facilitators are experienced reliability professionals who have implemented all of the elements of the ISO 55000 standard for organizations in many industries around the globe. LCI instructors are trained learning facilitators Rigorous facilitator qualification and certification process Focus on the learning process and transfer to the job Engage learners, reinforce relevancy and integrate prior experience LCI training is an active experience Learning by doing vs. lecture Group activities, assessments, case studies Network with peers Develop action plans to drive results post-training
- 11. 11© Life Cycle Institute Education@LCE.com www.LCE.com 800-556-9589 The Life Cycle Institute is the learning, leadership and change management practice at Life Cycle Engineering.
Editor's Notes
- #8: Asset Management system implementation framework model Establishes the key concepts and flow that are necessary for many important asset management related deliverables (link to value delivery) Based upon the ISO 55000 management system for asset management Organization’s Leadership and company policy and strategy sits atop and guides and validates the asset management system Organization’s Strategic plan provides the linkages to and supports the commitment for developing, implementing and maintaining an asset management system. Understanding the organizational context is critical to developing an asset management system that aligns to the organization strategic plan A commitment to an developing, implementing and maintaining an asset management system is defined first with an written asset management policy The asset management policy is furthered with addition of an asset management strategy Asset management performance objectives are developed closing with the strategy to form the basis for developing the asset management plans From policy to strategy to objectives flow supporting asset management capabilities. The capabilities are defined through key processes, procedures and knowledge that govern the asset lifecycle The asset lifecycle is the critical concept that must be governed by the asset management system Through a risk based asset management system that governs the asset lifecycle various deliverables are possible. These deliverable serve to extract value from the assets in various forms. This value deliverable can be either an holistic view on asset management through an ISO 55000 certification or through more tactical applications like mechanical integrity or process safety management. In all cases the deliverables are delveloped through a risk based approach with a focus on value.