Eisen aan een veiligheids, kwaliteits en capaciteitsmanagementsysteem voor het elektriciteits en gasnetbeheer asset management for electricity and gas networks 28. British standards institute publicly available specification 55 pas55 definition asset management is the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks. South east water is the first water supply company in england to have achieved external certification for asset management in accordance with the british standards institute, publicly available specification 55 bsi pas 551. Combining the very best of blended learning methods, the programme can be delivered inhouse for an organisation developing a group of asset management experts. Pas has been led by the institute of asset management iam, in collaboration with the british standards institution bsi, with the. Pas 55 was initiated by the iam, and is an internationally recognised specification defining what good asset management means and the.
The iso 55000 family is the first set of international standards for asset management and includes. Specification for the optimized management of physical assets 27 nen nta 8120, assetmanagement. Asset management standards articles, case studies and papers. So lets put some definitions of asset management on the table and look for similarities.
Before it, a publicly available specification pas 55 was published by the british standards institution in 2004 for physical assets. Purchase your copy of pas as a pdf download or hard copy directly from the official bsi shop. Applying international standards beyond map21 and towards global best practice in asset management presented by tom goodyer 11 th national conference on transportation asset management july 2016. Uk submitted nwip in july 2009 for an asset management iso london meeting resulted in formation of a project committee bsi pas 55. Iso 55000 providing an overview of the subject of asset management and the standard terms and definitions iso 55001 specifies the requirements for an integrated, effective management system for asset management iso 55002 provides guidance for the implementation of such a management system. British standards institute publicly available specification 55 pas55 definition asset management is the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over the life. Applying the guidelines of bsi pas 55 to facility management. In 2004, the british standards institute bsi, together with the institute of asset management iam, released publicly available specification 55 pas 55.
In 20022004 the institute of asset management iam in conjunction with british standards institution bsi developed pas 55, the first publicly available specification for optimised management of physical assets. This pas is not to be regarded as a british standard. This has become an international bestseller, with widespread adoption in utilities, transport, mining, process and manufacturing. Leadership is the starting line and linchpin of any successful asset management strategy. Created for and owned by our members, find out how we operate and how we are supported, plus discover the minds and partnerships. Asset management is not about just the assets, but the value they can provide to the organization and stakeholders via services or products. Pas 55 was initiated by the iam, and is an internationally recognised specification defining what good asset management means and the hallmark for demonstrating competent governance of critical infrastructure.
Individual or corporate, large or small, public, private, government, notforprofit or academic, the iam gives you the tools to progress on your asset management journey. The development of this publicly available specification pas has been led by the institute of asset management iam, in collaboration with the british standards institution bsi, with the assistance of the following cooperating organizations and individuals. This standard was known as publicly available specification 55 or pas55 for short. Pas 55 was originally produced in 2004 by a number of organisations under the leadership of the institute of asset management. This helped enormously in developing the iam and the field of asset management, from a purely. The aim of this chapter is to describe pas 55, the asset management specification published by the british standards institute. The institute of asset management and bsi have worked together to reduce risks to business critical assets. Pdf good asset management is increasingly viewed as normal practice in mature organisations around the world. Jacobs asset management training course was launched in 2015 and to date has been delivered to more than 850 participants globally.
So, even though pas 55 will be withdrawn as a bsi formal specification in 2015 enabling a 1year overlap with iso 55000 for transfers of their certifications, organisations may find that there is ongoing. Pas 55 was originally produced in 2004 by a number of organisations under the leadership. Asset management standard, which is the culmination and agreement of latest thinking in terms of best practice in asset management systems. Pas 55 is structured around the familiar plandocheckact cycle of continual improvement, and introduces the need for a number of essential enablers and controls to ensure alignment, integration and sustainability of efficient and effective asset management activities. Jun 10, 20 the british standards institution first published publicly available specification pas 55 in 2004 after years of collaboration among consultants and private sector companies under the direction of the institute of asset management, a notforprofit organization. There was concern that the new owners didnt have a systematic way of managing the assets they acquired, so the institute of asset management and the british standards institution developed a standard that would serve as a guide and model. The necessity for good asset management is growing rather than reducing. The proposal recommends the development of a family of standards in asset management.
The iso 55000 series of asset management standards was launched in january 2014. This pas has been developed in consultation with a large number of international organizations and individuals from a wide range of industries that are active and proficient in the field of asset management including the institute of asset management iam. The iso 55000 series of asset management standards was launched in january 2014 history. Asset management system requirements are becoming more sophisticated. In 2004 the uk institute of asset management, in conjuctionwith british standards institution, developed pas 55, the first publicly available introduction 4 specification for optimized management. Systematic and coordinated activities and practices through which an organisation optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their lifecycles for the. Systematic and coordinated activities and practices through which an organisation optimally and sustainably manages its assets and asset systems, their associated performance, risks and.
The british standard pas 55 asset management, published by bsi, could be named the predecessor of iso 55000. Specification for the optimized management of physical assets 27 nen nta 8120. The iso 55000 set of documents is a concept with universal appeal to industry worldwide. Oct 01, 2015 10 life cycle institute alliance with the woodhouse partnership world leader in applying iso 55000 and pas 55 global leader in holistic implementation of asset management systems the woodhouse partnership life cycle engineering 50 years experience in asset management and reliability engineering indepth knowledge in energy and utilities, oil.
Moving from pas 55 to bs iso 55001 the new international standard for asset management transition guide pas 55, published by bsi in conjunction with the institute of asset management and 49 organizations from 15 industries in 10 countries. The british standards institutes publicly available specification 55 pas55, asset management provides organizations with a framework for establishing good practices in asset management. Following the publication of bsi british standards institution pas publicly available specification 55, ofgem is now encouraging gb network companies to undertake certification to pas 55 and is monitoring each companys progress towards certification, and is. Pas 55 and enterprise asset management control global. Pas 55 clearly indicates what is needed to manage your assets throughout the entire life cycle, starting from organizational objectives.
Asset management iso 55001 optimize your assets and improve. We were one of the first asset management training organisations to be endorsed by the institute of asset management for professional asset management competency development. Implementation of asset management plans requirements for the execution and control of life cycle activities and management of the tools, facilities and equipment as required to deliver the asset management plans note this is a short section, reflecting the pas 55 focus on the management system rather than the assets. Asset management is essentially a riskbased process 2.
Comparing an information technology approach to asset management with pas 55 dr paul martin gibbons fiet fissp fellow university of bristol miam paul. Asset management iam, in collaboration with the british standards institution bsi, with the. Pas 55 is the asset management specification for the optimized management of. The content is aligned to pas 55, iso 55000 and the iams competency framework, with a perspective on preparing participants to pass the iam certificate in asset management examination and to earn the am. Bsi makes standards an asset with launch of pas 55 bsi. The development of this publicly available specification pas has been led by the institute of. Many are free for all but some of our resources are exclusive to iam annual members. The content is aligned to pas 55, iso 55000 and the iams competency framework, with a perspective on preparing participants to pass the iam certificate in asset management examination and to earn the am certification. It was instrumental in the development of the international standard iso 55000 for asset management. Heres how pas 55 is described on the british standards institute web site. An introduction to asset management cch web manager. Pas 55 1 describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.
Not for profit membership organization that exists to advance asset management for the public benefit. The standards will be based on the bsis publicly available specification for asset management, pas 551 and pas 552. The institute of asset management iam certificate in asset management course provides a comprehensive overview of the principles and practices of asset management am. Specification for the optimized management of physical assets british standard. The iam is the international professional body for whole life management of physical assets. The course is split into the following five modules that align with good practice asset management as outlined in iso 55000, pas 55 and the iams learning framework. The range, depth and longevity of our capabilities include. First published in 2004 and revised in 2008, pas 55 provides clear definitions. Superseding pas 55 asset management which has proved to be one of the most popular standards of all time iso 55001, accompanied by iso 55000 overview, principles and terminology and iso 55002 guidelines for the application of iso 55001 will support businesses in achieving the best possible net return from assets while reducing the cost of ownership. Written by the institute of asset management and published by the british standards institute in the uk, pas 55 is a publicly available specification which lays down a series of requirements for a business to undertake asset management.
Iam qualifications give you professional recognition and increased insight, whilst promoting good asset management practice. The asset management masterclass represents the benchmark for personal development and competency recognition if you wish to be acknowledged as an asset management professional. The bsi pas 55 provides a 28point checklist of requirements for an effective asset management system. The woodhouse partnership provided the core expertise for the introduction of pas 55 iso 55000 to transco over a 3year period, achieving the first utilities certification of an asset management system in the gulf region, find out more here. In addition, pas 55 and the institute of asset management provide excellent support tools, including competency frameworks, training curricula and training. Ofgem has a longstanding interest in asset risk management, e. The aim of this chapter is to describe pas55, the asset management specification published by the british standards institute. However iso 55001 is a standard for any asset type, whereas pas 55 is explicitly focussed on the optimal management of physical assets. Comparing an information technology approach to asset management with pas 55 1. The bsi has advised that they are planning to host the inaugural meeting of the iso committee in late april 2010 in london.
In 2004 the uk institute of asset management, in conjuctionwith british standards institution, developed pas 55, the first publicly available. As a past president of the iam, robert brought to the subject of asset management his wealth of experience in business management and marketing. Implementing pas 55, asset management standard, through. Iso 55000 states, top management should create the vision and values that guide policy, practice and actively promote these values inside and outside the organization 2. This project has resulted in a publicly available specification pas 55. Pas 55 was revised in 2008 after consultation with a bigger group representing. As the serving president of the institute of asset management, i am delighted to recommend this short book. Keywords asset management fault tree analysis clause heading asset management system asset management strategy. Pas 551 describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.
Twpl asset management academys online iam certificate course consists of 14 modules and covers the why and how of asset management and takes into account the syllabus set by the institute of asset management iam. Find out who we are, how we function, and how we have been helping asset management professionals succeed and learn for 25 years. This part of pas 55 pas 552 contains guidelines for the application of pas 551. An overview of iso 55000 standardizing asset management.
Superseding pas 55 asset management which has proved to be one of the most popular standards of all time iso 55001, accompanied by iso 55000 overview, principles and terminology and iso 55002 guidelines for the application of iso 55001 will support businesses in achieving the best possible net return from assets while. Asset management and our conceptual model david mckeown ceo, institute of asset management. Iso 55000 is an international standard covering management of assets of any kind. Pas55 was the first attempt at documenting the necessary checklist. Pas 55 can provide guidelines and recommendations on what to do although it.
In 2004, the british standards institute bsi, in collaboration with the institute of asset management, released publicly available specification 55 part 1 and 2. Pas 55 is part 1 of the standard for asset management. This specification was very successful, with widespread adoption in the energy, transport, mining, process, and manufacturing industries. This has become an international bestseller, with widespread adoption in utilities, transport, mining, process and manufacturing industries worldwide. The first version of pas 55 was published in 2004, the latest version in 2008. The british standards institution first published publicly available specification pas 55 in 2004 after years of collaboration among consultants and private sector companies under the direction of the institute of asset management, a notforprofit organization. Publicly available specification for the optimal management of physical assets. Fulltime ceo of the institute of asset management since sep09. The institute of asset management is a ukbased notforprofit professional body for those involved in acquisition, operation and care of physical assets, especially critical infrastructure.
This international work is now encapsulated in the pas 55 standard published by the institute of asset management iam. Key player in iso 55000 and pas 55 the iam asset management competency framework the iam asset management anatomy. They have developed many useful am documents and tools. Pas 55 can provide guidelines and recommendations on what to do although it does not prescribe solutions on how to do it. Bsi, developed pas 55 as a guide to optimizing asset management efficiency. Alignment asset management translates the organizational objectives into technical and financial decisions, plans and activities. In 2004, the british standards institute bsi, in collaboration with the institute of asset management, released publicly available specification 55 part 1 and 2, which was considered the first internationally recognized specification for asset management. Asset management challenges is our assetrelated expenditure capital investment and.
Before it, a publicly available specification pas 55 was published by the british standards institution in. Asset management iso 55001 optimize your assets and. Pas 55 evolved into the iso 55000 asset management standard. For anyone with, or moving into, a leadership, strategic planning or asset portfolio responsibility. Infrastructure related businesses invest heavily in asset management systems to help manage their assets and improve their overall performance. Iam certificate in asset management training courses. Connect with other asset management professionals to learn, share and network. It then underwent a substantial revision with 50 participating organisations from 15 industry sectors in 10 countries. Certification to pas 55 or the iso 55001 standard is a common management aim when companies use them.
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