Status of the ISO 55000

Asset Management System Standard

July 2012

Jim Dieter, MIAM CPPM CFUS/ANSI Head of Delegation to ISO PC 251

Chair of the US TAG to PC 251

Subcommittee Chair, ASTM E53.10

Director of Strategic Programs, Sunflower Systems

The Need for Standards

• As emerging economies develop more rigorous business practices to help manage growth, standards around how organizations manage their assets will support international trade by leveling differences in how business is grown and managed

The Need for Standards

• Risk awareness has become a very high concern among business executives and government officials:• The world has suffered from major industrial

disasters, the financial crisis and great recession, and continued global instability caused by civil unrest and economic duress of certain nations

• There is a need for an element of stability and this standard intends to be a leveling force for international trade

 

Background: Standards Organizations

• ANSI – American National Standards Institute

• ISO – International Organization for Standardization, European based developer of international standards

• ASTM – ASTM International is a US based developer of international standards

Standards Development Committees

• PC 251 – ISO Project Committee tasked with developing a management system standard for Asset Management

• US Technical Advisory Group (US TAG) - ANSI sanctioned US group participating in PC 251

• ASTM E53 – ASTM standards committee for asset management standards, and the ANSI sanctioned host of the US TAG to PC 251

Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

PC 251 Adopted 3 Year Plan

Timeline Status

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36

Stage Working Drafts Cttee Drafts DISCommentsResolution

FDIS

April 2013 Feb 2014Jun 2012Feb 2012Oct 2011Mar 2011

May 2011

DistributeWD2

Sep 2011

WD2 Comments RCVD

CD1For Comment

CD2For Ballot

DIS

ISO 55000 History and Schedule

2000: First three ASTM E53 Asset Management standards published

2004: PAS 55 published Winter 2009: BSI proposes PAS 55 as the basis

for an ISO Management Systems Standard for Asset Management

Spring 2009: ASTM E53 decides to engage in the ISO Asset Management standards development process

November 2009: ASTM E53 approved as official US Technical Advisory Group (US TAG) by ANSI

ISO 55000 History and Schedule

June 2010: Preliminary Meeting of ISO Asset Management committee in London

September 2010: ISO approval of PC 251, Asset Management Systems

January 2011: First Working Draft (WD1) released

February 2011: US comments on WD1 submitted

ISO 55000 History and Schedule

March 2011: First Official Meeting of PC251 in Australia

April 2011: Working Draft 2 (WD2) released for comment

June 2011: US TAG Face-to-Face Meeting at ASTM HQ in Philadelphia

August 2011: US comments on WD2 submitted

ISO 55000 History and Schedule

October 2011: Second Official Meeting of ISO PC251 in Arlington, VA (hosted by US TAG)

November 2011: First Committee Draft (CD1) for comment released

December 2011: US TAG Face-to-Face meeting to craft US comments at AMP Conference in Bonita Springs, FL

January 2012: US comments on CD1 submitted

ISO 55000 History and Schedule

February 2012: Third Official Meeting of ISO PC251 in Pretoria, South Africa

March 2012: Second Committee Draft (CD2) for comment released

April 2012: US TAG Face-to-Face meeting to craft US comments at Meridium Conference in Jacksonville, FL

May 2012: US comments on CD2 submitted

ISO 55000 History and Schedule

June 2012: Fourth Official Meeting of ISO PC251 in Prague, Czech Republic

August 2012: Planned release of Draft International Standard (DIS) for Ballot

TBD: US TAG Face-to-Face Meeting to discuss and comment on the DIS for Ballot

April 2013: Fifth Official Meeting of ISO PC251 in Calgary, CA

TBD 2013: Final ballot February 2014: Target date for the release of

ISO 55000

ISO 55000 Structure

• ISO 55000: Overview, Principles and Terminology A (critical) marketing document (why)

• ISO 55001: Requirements The “shall” statements (what)

• ISO 55002: Guidelines Explanations and examples (how)

Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

ISO/PC251 Participating Countries

1. Argentina2. Australia3. Canada4. Chile5. China6. Czech Republic7. Denmark8. Finland9. Germany10. India

11. Ireland12. Italy13. Republic of 14. Korea15. Netherlands16. Mexico17. Norway 18. Peru19. Portugal20. South Africa

21. Spain22. Sweden23. United Kingdom24. United States of America25. United Arab Emirates26. Japan27. France28. Switzerland

US TAG Participating Organizations

Stratum Consulting Partners

E-ISG Asset Intelligence

• Anyone can participate in E53.10 or the TAG• For the US TAG there is a $1,000 initial

application fee and $250 annual participation fee.

• Recommend that you join both ASTM Committee E53 as well as the US TAG. • Katerina Koperna– kkoperna@astm.org - will

furnish information about joining ASTM.• Contact any E53.10 officer for further details

regarding joining the TAG.

 

Sponsorship Opportunity

Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

Concepts – what’s new?

Asset• Asset or property? Asset life

Asset Management Asset Management System

Federal Property and Administrative Services Act of 1949

• “…to provide for the Government an economical and efficient system for”:– the procurement and supply of personal property and nonpersonal services

– the utilization of available property– the disposal of surplus property– records management

• Title II – Property Management

ISO 55000 Definitions

• Asset – something with potential value to an organization and for which the organization has a responsibility

• Asset System - group of assets that interact and/or are interrelated so as to deliver a required business function or service

• Asset = Asset System

ISO 55000 Definitions

• Asset is the term used around the world• NPMA, ASTM E53 and government entities are

adopting the term

Asset Life

• Asset life is defined as the period from its conception to end of life

• Assets often pass through identifiable asset life stages

• The description (and naming) of stages can differ for different assets and different applications/organizations

• An asset system, through the replacement, modification and/or maintenance of component assets, may even have an indefinite life 

Asset Responsibility Period

Responsibility Period

• The “responsibility period” is the period of time over which an organization has accountability for an asset and can be within one or many of the assets life stages

• The role of asset management is to maximize value from assets across each of the asset life stages that fall within or in some instances beyond the "responsibility period" of the organization

Responsibility PeriodsAsset Management

Lifecycle for Organization 2

Asset Management Lifecycle for Organization 1

Asset Management Life Cycle

• An asset holds continuing value potential to one or more organizations over its life

• Asset life does not necessarily coincide with the period over which any one organization holds responsibility for the asset

Asset Management

• Asset management enables the realization of value from assets

• Value realization is achieved through the use of analytical approaches and implementation processes that have similar core characteristics, no matter what the industry

Concepts – what’s new?

Asset Asset or property? Asset life

Asset Management Asset Management System

ISO Required Management System

Definition

• Management System – Set of interrelated or interacting elements of an organization to establish policies and objectives, and processes to achieve those objectives

ISO Required Management System

Definition

• These standards describe a Management System for Asset Management

• They do not describe processes for the management of assets

• ASTM E53 standards cover life cycle functions of the management of assets

Topics

Facts – what’s happened and what’s the schedule?

Players – who’s involved? Concepts – what’s new? Take aways – what’s in it for you?

What’s in it for your organization?

• ISO 55000 promises to be a widely recognized and adopted international standard

• Assurance that they are doing the right things• Focus is on supporting the mission and

objectives of your organization• Realizing value from the organization’s assets

What’s in it for you?

• Better enable all of us to do our jobs• Increased management awareness of asset

management• More “transportable” job skills and expertise• More opportunities

ASTM E53.10 Committee ISO Asset Management Activities

Officers:

Chair: James Dieter, CPPM CF, Sunflower Systems, jdieter@sunflowersystems.com  

Vice Chair: Scott Morris, Genzyme, scott.morris@genzyme.com

Recording Scott Pepperman, Executive Director, National Association Secretary: for the State Agencies for Surplus Property,

ExecutiveDirector@nasasp.org

Membership Kim Doner, CPPM, SRA International, kim_doner@sra.com Secretary:

ASTM Staff Katerina Koperna, ASTM International, kkoperna@astm.orgManager