2013 NPMA Fall Conference Value Through Professional Asset Management ISO 55000: First Steps Jim...

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

Transcript of 2013 NPMA Fall Conference Value Through Professional Asset Management ISO 55000: First Steps Jim...

2013 NPMA Fall ConferenceValue Through Professional Asset Management

ISO 55000: First Steps

Jim Dieter. MIAM, CPPM CFNovember 13, 2013

2013 NPMA Fall ConferenceValue Through Professional Asset Management

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• “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

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue 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.

2013 NPMA Fall ConferenceValue Through Professional Asset Management

Enterprise Asset Management

Centralized, system level approach

Excellent Asset Management registries

Established systems for Asset Management

A record of success

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue 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?

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue Through Professional Asset Management

Banner Only?

Is the organizational goal:

• To Fly the banner?

• To realize additional benefits?

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue Through Professional Asset Management

ISO 55000 – Overview, Principles and Terminology

This is a marketing document

Use it as such

Benefits

Fundamentals

2013 NPMA Fall ConferenceValue 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

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2013 NPMA Fall ConferenceValue 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

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2013 NPMA Fall ConferenceValue 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?

2013 NPMA Fall ConferenceValue 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?

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue 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

2013 NPMA Fall ConferenceValue Through Professional Asset Management

The Delta

Close in on what needs to be done

Build the business case

Project planning

Change management

2013 NPMA Fall ConferenceValue Through Professional Asset Management

Get Involved

Through the NPMA

Through social media

Through industry associations

Through the Asset Leadership Network

2013 NPMA Fall ConferenceValue Through Professional Asset Management

There Is a Lot We Can Learn

Value

Scope

Upper Management Support

Using the Information

2013 NPMA Fall ConferenceValue Through Professional Asset Management

The End

Thanks !

Jim Dieter

Sunflower Systems