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Real. World. Experience. www.vestapartners.com
REAL. WORLD. EXPERIENCE.
ISO5500X STANDARDS
Asset Management Innovation Day Perth 14 March, 2016
Peter Stewart, VP Global Business Development, Mining & Natural Resources
John Dwyer, Principal Consultant, Vesta Australia Asia Pacific
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Real. World. Experience.
AGENDA
Introductions
Overview ISO5500X Asset Management Standards
ISO5500X and SAP Functionality
Asset Management Plans
Asset Master Data Management
Operational Risk Management
System Assurance
Vesta Service Offerings
Wrap-up and Questions
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Real. World. Experience.
OVERVIEW ISO5500X STANDARD
ISO5500X Asset Management Standard
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Real. World. Experience.
ISO5500X OVERVIEW
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Real. World. Experience.
POTENTIAL BENEFITS
Regulatory Compliance Mainly applicable to public entities. The international standards will provide a clear framework and increase transparency for regulators assessing submissions from organisations they regulate to ensure that they obtain value for money while also protecting the long-term integrity of assets.
Contribution to Due Diligence The standards are likely to provide a
good asset management practices and a risk-based approach. Alignment with the standards may also afford some protection in the event of safety, environmental or financial events, and may also influence insurers assessing the
determining premiums.
Marketing Strategy Some organisations may see some form of certification as offering an inducement to investors or providing commercial advantage.
Competitive Advantage Companies may see the potential for organisational efficiencies and advantages inherent in good asset management practices, including increased sustainability of the asset base through early forecasting of capital and operational expenditure needs.
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Real. World. Experience.
VALUE PROPOSITION
There are three ways in which organisations might choose to embrace the ISO5500X standards:
Alignment
Using ISO5500X, assess current asset management practices and adopt those elements of the standards the organisation considers appropriate. This might be applicable where the cost of changing embedded practices exceeds the benefits of compliance with the standards.
Compliance
Develop an asset management system that is fully compliant with the requirements of ISO55001, but not seek certification. This could achieve the benefits of a certified asset management system without the initial and on -going cost of certification.
Certification
Based on a clear business case, embrace certification to realise the full benefits of a certified asset management system.
Having ISO55001 Asset Management assessor certification, Vesta is well placed to assist you to assess your asset management practices and support you to design and implement an asset management system aligned with your business needs.
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Real. World. Experience.
ASSET MANAGEMENT SYSTEM ELEMENTS
4.1 Understanding the organisation & its context4.2 Understanding the needs and expectations of the stakeholders5.1 Leadership & commitment5.3 Organisational roles, responsibilities & authority
4.4 Asset Management System6.1 Actions to address risks & opportunities for the AMS
5.2 Policy
7.1 Resources7.2 Competence7.3 Awareness7.4 Communications7.5 Information requirements7.6 Documented information
4.3 Determining the scope of the AMS6.2.1 AM objectives
6.2.2 Planning to achieve AM objectives8.3 Outsourcing (scope)
8.1 Operational planning & control8.3 Outsourcing (control)8.2 Management of change
8.2 Management of change9.1 Monitoring, measurement, analysis & evaluation9.2 Internal audit9.3 Management review10 ImprovementFigure B.1 ISO55002:2014
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Real. World. Experience.
ISO5500X & SAP FUNCTIONALITY
ISO5500X Asset Management Standard
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Real. World. Experience.
ASSET MANAGEMENT SYSTEM ELEMENTS
PPM/ PSMEB
Task Lists
MaintPlans
CBM/ MIIMeasures
Notis/ WOs
MM Services
MDMGovernance
FLs, EQs, FARs
EHS
Business Intelligence
AIN, BOM, Classification
Cost Mgmt
WorkCtrs, HCM, Qual
Document Mgmt
Operational Risk Management
AssetMaster Data
Asset Management
Plans
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Real. World. Experience.
ASSET MANAGEMENT PLANSUse of SAP PPM, PS and PM to deliver asset management plans.
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Real. World. Experience.
ASSET MANAGEMENT PLANSISO 55000 R EQUIREMENTS
Integrated with financial and HR
AMP aligned with AM Policy and
SAMP.
Requirements from outside
asset management.
Method and criteria for
decision making and prioritisation.
AMP to achieve asset
management objectives.
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Real. World. Experience.
ASSET MANAGEMENT PLANS WITH SAP
Strategic Asset
Management Plan
Proposed
Projects and
Programs
YEAR
0
YEAR
1
YEAR
2YEAR
3
YEAR
4
YEAR
5
Approved
Projects and
Programs
Ranking and
Review
Tool
OrganisationalObjectives
RINand Risk Outcomes
Good Citizen Outcomes (OH& S and Environmental )
Customer Outcomes (Production , Quality )
Asset Outcomes (Reliability , Performance )
ProjectsProjectsMaint
Plans
ProjectsProjects
Projects
SAP PPM
SAP ECM / DMS
ASSET BASE
SAP -BI
(also Meridium , Reva)
Asset
Performance
Analytics
Predictive
Analytics
SAP-PS, SAP-PM
ISO 55000Asset Management Plans
Inspections
Defects
Failures
Status ,
Costs,
Quantities
Approvals
and
BudgetRanking Scores
CostsResource Demand
Incident &
Root Cause
Analysis
Portfolio (AMP)
Execution
Monitoring
Asset
Management
Plan
OPEX Budget
Performance
AMP
Adjustments
SAP
Maintenance
Cost Budgeting
ProjectsProjects
Notis &
Work Orders
Asset Costs &
Performance Measures
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Real. World. Experience.
ASSET MASTER DATA MANAGEMENT
Use of SAP functionality to deliver:
Asset Master Data Definition
Asset Master Data Governance
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Real. World. Experience.
MASTER DATA MANAGEMENTISO 55000 R EQUIREMENTS
Data Management Processes.
Attributes of Information.
Data Management Processes.