Old friends in new places Comparing PAS55 with ISO55000

Rhys Davies, Chairman ISO Project Committee PC251 Asset Management

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© Institute of Asset Management. Reprinted by permission. Please contact us to use this material elsewhere. www.theIAM.org

First published in Assets, the magazine for Members of the IAM. September 2013

August 2013

When I read PAS55, having worked with numerous organisations in many different industries

around the world who have successfully implemented PAS55-based approaches, I see four main messages in the management system framework it defines:�� line of sight of objectives�� transparent and consistent

decision-making processes�� long-term strategic view�� risk-based decisions from a

position of knowledge.

PAS55 addresses many other elements of a management system framework, but I would argue that these four main messages are the areas that differentiate PAS55 from other management systems standards such as ISO9001 or ISO14001. These messages are old friends that we have come to know and love as we have grown accustomed to using PAS55. While this familiarity is good, it causes issues when introducing a new standard; familiar users may be uncomfortable with the new format or structure used in ISO55001.

So do our old friends from PAS55 reappear in the ISO55001 document? Clearly there are many changes in the wording and structure of the document but I think it is fair to reassure existing users of PAS55 that ISO55001 addresses the four main messages they have become familiar with. But those messages appear in different places and are structured differently, so it is worth highlighting where they can be found.

In bringing together experts from some 31 countries, and from a far more diverse set of industries and technical disciplines than those that contributed to the development of PAS55, ISO/PC251 has also introduced new ideas, new concepts and definitions that we believe will help to advance the discipline.

Old friends in new places With the ISO55000 series of standards due for publication in early 2014, many organisations are asking how they compare with PAS55. Rhys Davies has the answers.

24 November 2013

Line of sight of objectives

Line of sight of objectives

Where it lived in PAS55: a series of requirements in Asset Management Policy, Strategy, Objectives and Plans.Where to find it now: in a thread running through ISO550001 sections 4, 5, 6 and 8. The concept of a Strategic Asset Management Plan, introduced in Section 4, connects the organisational objectives and the asset management objectives. The Asset Management Policy requirement is in Section 5 and is supported in Section 6 by Asset Management Plans. The implementation of Asset Management Plans is addressed in Section 8.

The phrase “line of sight” itself did not translate very well into other languages, so it has been renamed “aligned objectives”.

“These messages are old friends that we have come to know and love ”

© Institute of Asset Management. Reprinted by permission. Please contact us to use this material elsewhere. www.theIAM.org

First published in Assets, the magazine for Members of the IAM. September 2013

August 2013 25

ISO/PC251 – Deliverables

ISO 55000 – Asset management – Overview, principles and terminologyISO 55001 – Asset management – Management systems – RequirementsISO 55002 – Asset management – Management systems – Guidelines on the application of ISO 55001

Rhys is the Chairman of the ISO Committee (ISO/PC251) leading 31 countries in developing International Standards for asset management. He was fundamentally involved in the development of PAS55 and was Vice Chair of the Steering Group for PAS55:2008. Rhys is also President of eAsset Management Ltd and an IAM Council Member.

Structure of ISO55001

ForewordIntroduction1 Scope 2 Normative references 3 Terms and definitions 4 Context of the organisation

4.1 Understanding the organisation and its context4.2 Understanding the needs and expectations of stakeholders4.3 Determining the scope of the asset management system4.4 Asset management system

5 Leadership5.1 Leadership and commitment5.2 Policy5.3 Organisational roles, responsibilities and authorities

6 Planning6.1 Actions to address risks and opportunities for the asset management system6.2 Asset management objectives and planning to achieve them

7 Support7.1 Resources7.2 Competence7.3 Awareness7.4 Communication7.5 Information requirements7.6 Documented information

8 Operation8.1 Operational planning and control8.2 Management of change8.3 Outsourcing

9 Performance evaluation9.1 Monitoring, measurement, analysis and evaluation9.2 Internal audit9.3 Management review

10 Improvement10.1 Nonconformity and corrective action10.2 Preventive action10.3 Continual Improvement

November 2013

Where it lived in PAS55: introduced in the Asset Management Policy requirements, expanded upon in the Asset Management Strategy requirements and required to be implemented in the development of Asset Management Plans.

Where to find it now: introduced in Section 4 and required to be implemented in Section 6.

ISO55001 requires a stronger understanding of stakeholder needs, both in terms of their objectives and the decision-making criteria that stakeholders require the organisation to use.

Transparent and consistent decision- making processes

Transparent and consistent decision- making processes

Risk-based decisions from a position of knowledge

Risk-based decisions from a position of knowledge

Long-term strategic view

Long-term strategic view

Where it lived in PAS55: clause 4.4.7 – and embedded throughout the document.Where to find it now: ISO55001 Section 6.2.2 outlines the need to implement risk management procedures. With the availability of risk management standards like ISO31000, there is no need for ISO55000 to provide the same level of detail as PAS55. The word “risk” appears throughout ISO55001, but the requirements specifying the need to do risk management are more succinct.

Where it lived in PAS55: Introduced in the Asset Management Policy requirements and reinforced in the Asset Management Strategy, coupled with the need to understand the impact of actions in one lifecycle phase in subsequent lifecycle phases.

Where to find it now: The Strategic Asset Management Plan is required to capture stakeholder criteria for making decisions, including how to balance the organisation’s business planning cycles with the lifecycles of its assets.

ISO55001 Section 6.2.2 includes clear requirements to capture the processes and methods used to manage assets over their lifecycles.

Author’s biography