Introduction ISO 55001

Requirements of BS ISO 55001:2014
V1.0 Jun2014
Copyright © 2014 BSI. All rights reserved. ASM01001ENGX
Welcome!
2
Copyright © 2014 BSI. All rights reserved.
Benefits of Asset Management
Hong Kong MTR Scottish Power
• Train operating costs reduced by 20% • 10% reduction in capital expenditure
• Train reliability: MTBF risen from 1000 Km to 3500 Km between failures • 20% reduction in OandM costs
• 22% increase in plant availability
• 25% reduction in forced outages
-30% network ‘total cost of ownership’ (Nuon, Netherlands)
-30% maintenance cost and +10% system availability (Copper mine, Chile)
A$11M/year budget savings (New South Wales government)
China Light and Power
ICE, Costa Rica*
* Winner of 1st IAM Asset Management

PAS 55 Certified Achievements award 2013
3
Case studies at: www.twpl.com/?page=CaseStudies
Activity 1
• Delegate Introductions
20 minutes
Click here
to start
4
Learning Objectives
Upon completion of this training, delegates will be able to explain:
• what is Asset management and why it is important to an

organization
• the benefits of a Management System for asset management
• the background of BS ISO 55001:2014
KNOWLEDGE
• the key terms, concepts and principles of BS ISO 55001:2014

• the main requirements of BS ISO 55001:2014
5
Course Structure and Materials
• Lectures, discussion and practical activities

• Delegate workbook
• Participation
6
Enabling Objectives
Structure of ISO 55001
7
ISO 55000 Structure – 3 Documents
• 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
8
Stakeholder and organisational 4.1 Understanding the organisation and is context
The Elements context 4.2 Understanding the needs and expectations of the
stakeholder
5.1 Leadership and commitments
5.3 Organisational roles, responsibilities and authority
Organisational plans
and organisational
objectives
4.3 Determining the scope of Asset management
the asset management system 5.2 Policy
policy
6.2.1 Asset management
objectives
Strategic asset
management plan
Asset management
objectives 4.4 Asset management systems
6.2.2 Planning to achieve asset
management objectives 6.1 Actions to address risks and
8.3 Outsourcing (scope) opportunities for the asset management
system
Plans for developing
Asset management asset management
plans systems and
relevant support
8.1 Operational planning and
control
7.1 Resources
8.3 Outsourcing (control)
7.2 Competence
8.2 Management of change
Implementation of asset Asset management 7.3 Awareness
management plans system and relevant 7.4 Communications
(Life cycle activities) support elements 7.5 Information requirements
7.6 Documented information
Asset portfolio 8.2 Management of change

9.1 Monitoring, measuring, analysis and evaluation
9.2 Internal audit
9.3 Management review
10 Improvement
Performance evaluation and improvement
Source:
ISO 55002
9
ISO 5500X - Asset Management System
1 Scope of ISO 55001
2 Normative references
ISO 55000 – Overview,
principles and terminology
(note also ISO 55002 – Plan
Guidelines for application)
10 Improvement
4 Context of the organization
3 Terms and definitions Act
(Note – given in ISO 55000)
5 Leadership
-
7 Support
9 Performance evaluation
6 Planning
Check
8 Operation
Do 10
ISO 55001 - Asset Management System
10 Improvement Plan
 Nonconformity and corrective 4 Context of the organization
action  Understanding the organisation and its context
 Preventive action  Understanding the needs and expectations of the
 Continual10 Improvement
improvement stakeholders
4 Context of the
Determining thescope
organization
of the AM System
Act
7 Support
9 Performance Evaluation  Resources 5 Leadership
 Monitoring, measurement,
-  Competence  Leadership and commitment
analysis and evaluation  Awareness  Policy
7
 9 Performance
Internal audit  Communications  Organisational role, responsibilities
 Support
Information
 evaluation
Management review and authorities
requirements
 Documented
information
Check 66Planning
Planning
 Actions to address risks and
opportunities for the AM system
 Objectives
8 Operation 8 Operation  Planning to achieve AM objectives
 Operational planning and control
 Management of change Do
 Outsourcing
11
Enabling Objectives
Sect 1, 2, 3 – Scope, References, Terms and

Definitions
12
ISO 55001 - The International Standard
• Section 1 - Scope
• Section 2 - References
• Section 3 - Terms and Definitions
13
Activity 2
• Key Terms and Definitions
5 minutes
Click here
to start
14
Key Terms and Definitions
• An Asset Management System (AMS) is a set of interrelated or

interacting elements to establish asset management policy, asset
management objectives and processes to achieve those objectives.
16
Key Terms and Definitions
• These are important asset-related definitions
17
Enabling Objectives
Section 4 – Context of the Organization
19
Plan
 Understanding the organisation and its context
 Understanding the needs and expectations of the
10 Improvement stakeholders
4 Context of the
organization
of the AM System
Act
5 Leadership
-
7
9 Performance
Support
evaluation
Check 6 Planning
8 Operation
Do
20
Context of the Organization
• 4.1 Understanding the organization and its context
21
• 4.2 Understanding the needs and expectations of

stakeholders
23
• 4.3 Determining the scope of the AM System
24
• 4.4 Asset Management System
25
Activity 3
• Stakeholders – Scope of AMS
6 minutes
Click here
to start
26
Enabling Objectives
Section 5 - Leadership
27
Plan
10 Improvement
Act
5 Leadership
-  Leadership and commitment
7  Policy
9 Performance  Organisational role, responsibilities
Support
evaluation and authorities
Check 6 Planning
8 Operation
Do
28
Leadership
• 5.1 Leadership and Commitment
29
Leadership
• 5.2 Policy
30
Leadership
• 5.3 Organizational Roles,

Responsibilities and Authorities
31
Activity 4
• Asset Management Reporting
10 minutes
Click here
to start
32
Enabling Objectives
Section 6 - Planning
33
Plan
10 Improvement
Act
5 Leadership
-
7
9 Performance
Support
evaluation
Check 66Planning
Planning
 Objectives
8 Operation  Planning to achieve AM objectives
Do
34
Planning
• 6.1 Actions to address risks and opportunities for the asset

management system
35
Planning
• 6.2.1 Objectives
36
Strategic Asset Management Plan (SAMP)
ISO55001 Organizational Strategic Plan
Strategic
Asset Asset Management Policy
Management
Plan (SAMP)
AM Objectives Development Plan for
AM Strategies Management System
Continual Improvement
……………………
AM Plans
AM Capabilities
Processes, resourcing,
competencies and technology
Life Cycle Activities
Acquire/create
Portfolio
Utilize ……………
Asset Systems
Maintain …………… Illustration from Asset
Assets Management –
Dispose/Replace an anatomy
38
Planning
• 6.2.2 Planning to achieve AM objectives
39
Activity 5
• Asset Management Objectives
10 minutes
Click here
to start
41
Enabling Objectives
Section 7 - Support
42
Plan
10 Improvement
Act
7 Support
 Resources 5 Leadership
 Competence
-
 Awareness
 7
Communications
9 Performance
 Support
Information
evaluation
requirements
 Documented
information
Check 6 Planning
8 Operation
Do
43
Support
• 7.1 Resources
• 7.2 Competence
44
Support
• 7.3 Awareness
• 7.4 Communication
45
Support
• 7.5 Information Requirements
46
Support
• 7.6.1 Documented Information – General

• 7.6.2 Creating and Updating
47
Support
• 7.6.3 Control of Documented Information
48
Activity 6
• AM Data and Information Requirements
10 minutes
Click here
to start
49
Enabling Objectives
Section 8 - Operation
50
Plan
10 Improvement
Act
5 Leadership
-
7
9 Performance
Support
evaluation
Check 6 Planning
8 Operation 8 Operation
 Outsourcing
51
Operation
• 8.1 Operational Planning and Control
52
Operation
• 8.2 Management of Change

• 8.3 Outsourcing
53
Activity 7
• Delivery of Work Plan in a Utility
10 minutes
Click here
to start
54
Enabling Objectives
Section 9 – Performance Evaluation
57
Plan
10 Improvement
Act
9 Performance Evaluation 5 Leadership

 Monitoring, measurement,
-
analysis and evaluation 7
 9 Performance
Internal audit
Support
 evaluation
Management review
Check 6 Planning
8 Operation
Do
58
Performance Evaluation
• 9.1 Monitoring, Measurement, Analysis and Evaluation
59
• 9.2 Internal Audit
60
• 9.3 Management Review
61
Enabling Objectives
Section 10 - Improvement
62
10 Improvement Plan
 Nonconformity and corrective
action
 Preventive action
improvement
Act
5 Leadership
-
7
9 Performance
Support
evaluation
Check 6 Planning
8 Operation
Do
63
Improvement
• 10.1 Non-Conformity and Corrective Action
64
Improvement
• 10.2 Preventative Action

• 10.3 Continual Improvement 14
12
10
65
Activity 8
• Managing Improvement Actions
10 minutes
Click here
to start
66
Enabling Objectives
The Asset Management System
67
10 Improvement Plan
 Nonconformity and corrective 4 Context of the organization
action  Understanding the organisation and its context
 Preventive action  Understanding the needs and expectations of the
improvement stakeholders
4 Context of the
organization
of the AM System
Act
7 Support
9 Performance Evaluation  Resources 5 Leadership
 Monitoring, measurement,  Competence  Leadership and commitment
-
analysis and evaluation  Awareness  Policy
 7
Communications
 9 Performance
Internal audit  Organisational role, responsibilities
 Support
Information
 evaluation
Management review and authorities
requirements
 Documented
information
Check 66Planning
Planning
 Objectives
8 Operation 8 Operation  Planning to achieve AM objectives
 Outsourcing
68
Activity 9
• End of Course Quiz
20 minutes
Click here
to start
70
Enabling Objectives
Reflection and Learning Application
73
Course Summary and Final Questions
74
Contact Information
Address: BSI
Telephone:
Fax:
Email: <general training email>@bsigroup.com
Links: http://<local web address>
Add local/country contact information
75
76

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Introduction ISO 55001

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What are the main benefits of implementing an asset management system?

What are the main benefits of implementing an asset management system?

What are the main requirements of an asset management system according to ISO 55001?

What are the main requirements of an asset management system according to ISO 55001?

Requirements of BS ISO 55001:2014

ICE, Costa Rica*

* Winner of 1st IAM Asset Management

Upon completion of this training, delegates will be able to explain:

• what is Asset management and why it is important to an

• the key terms, concepts and principles of BS ISO 55001:2014

• Lectures, discussion and practical activities

Structure of ISO 55001

• ISO 55000 - Asset management — Overview, principles and

• ISO 55001 - Asset management — Management systems —

• ISO 55002 - Asset management — Management systems —

Asset portfolio 8.2 Management of change

Sect 1, 2, 3 – Scope, References, Terms and

• Key Terms and Definitions

• An Asset Management System (AMS) is a set of interrelated or

• These are important asset-related definitions

Section 4 – Context of the Organization

• 4.1 Understanding the organization and its context

• 4.2 Understanding the needs and expectations of

• 4.3 Determining the scope of the AM System

• 4.4 Asset Management System

• Stakeholders – Scope of AMS

• 5.1 Leadership and Commitment

• 5.3 Organizational Roles,

• Asset Management Reporting

• 6.1 Actions to address risks and opportunities for the asset

• 6.2.2 Planning to achieve AM objectives

• Asset Management Objectives

• 7.5 Information Requirements

• 7.6.1 Documented Information – General

• 7.6.3 Control of Documented Information

• AM Data and Information Requirements

• 8.1 Operational Planning and Control

• 8.2 Management of Change

• Delivery of Work Plan in a Utility

Section 9 – Performance Evaluation

9 Performance Evaluation 5 Leadership

• 9.1 Monitoring, Measurement, Analysis and Evaluation

• 9.2 Internal Audit

• 9.3 Management Review

• 10.1 Non-Conformity and Corrective Action

• 10.2 Preventative Action

• Managing Improvement Actions

The Asset Management System

• End of Course Quiz

Reflection and Learning Application

Add local/country contact information

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