Awareness Of Asset Management

System ISO 55001:2014

3 January 2018
PT PLN (Persero) P2B

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What is an asset?

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Apakah Aset itu?

• Sesuatu yang memiliki Nilai

• Aset Bisa berupa yang nilainya naik terus
• Atau turun terus

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Kamu tidak akan bisa mengelola aset jika tidak tahu aset
apa yang kamu miliki

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The 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
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Case studies at: www.twpl.com/?page=CaseStudies

Asset Value

“Asset Management is the coordinated activities of an organization to realize value from its
assets.”
(The IAM, 2012, An Anatomy of Asset Management)

“An asset is something that has potential or actual value to an organization.”

(BS ISO 55000:2014)

Book value
Utilization or performance
or income stream

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Five Core Components of Asset Management

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Core Component 1: Current State of the Assets

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Core Component 2: What is the required Level of Service?

Flushing

Pressure
Water Quality

Repairs

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Core Component 3: Which Assets Are Critical to Sustained
Performance?

What is the likelihood

of failure?

How do my assets fail?

What are the consequences of failure?

What is the cost of the repair?

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Core Component 4: Best Minimum Life Cycle Cost

Balancing O&M with Capital Costs

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Core Component 5: What is the Best Long-term Funding Strategy

Where will the funding come from?

Impact Fees
Customer Rates Loans Grants
Customer Fees
Bonds Special Funds

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Key Fundamental of Asset Management

• Assets exist to provide value to the organization and

Value its stakeholders

• Asset management translates the organizational

Allignment objectives into technical and financial decisions, plans
and activities

• Leadership and workplace culture are determinants of

Leadership realization of value.

• Asset management gives assurance that assets will

Assurance fulfil their required purpose

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What is Asset Management ?

What is an
• A set of assets that interact or are interrelated
asset system ?

What is an
• Assets that are within the scope of the asset
asset portfolio
management system.
?
What is an asset
management • A management system for asset management
system ?

What is an asset • The coordinated activity of an organisation to realize

management ? the value from assets.

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The relationship of the asset management system to asset
management

• The capabilities for managing the

asset portfolio such as
leadership, culture, motivation
and behaviours.

• ‘set of interrelated or interacting

elements of an organization to
establish policies, objectives and
processes, to achieve these
objectives for asset management’

• The assets and assets system

that make up the asset portfolio
covered by the asset
management system
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What is Asset Management?

• Resolving the conflict

whole lifecycle cost/performance/risk optimization is needed

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Why is asset management important ?

If it’s not effectively undertaken it can ....

• Increase risk within an organisation

• Increase costs
• Reduce the value of the asset (or even the organisation)

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Who Are The Stakeholders?
What are their requirements?

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The Asset Life Cycle

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Asset Life Cycle

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Business Impact Over Time

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Individual intervention optimization

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Lifecycle Cost : CAPEX and OPEX

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Enabler for Asset Management Process

• Asset Criticality & Risk

Registers
• Asset health and deterioration
management
• Risk based decision making

• Single “source of truth” asset

register
• Data information and
knowledge management
• Work & Resources Planning

• Cross –diciplinary team work

• Structure and Responsibility
• Leadership
• Competency

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Key Elements of an AMS

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Level of Asset Stewardship

TOP DOWN
BOTTOM Upl,
,k

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Business Drivers

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Critical Assets

“All assets are critical but some assets are more critical than others”
Adapted from George Orwell’s Animal Farm

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Risk Management Process

Source ISO 31000: Risk management — Principles and guidelines

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Cycle of Review and Improvements

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Asset Risk Management Tools and Steps

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The Value of Money

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Net Present Value Repair or Replace?

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Asset Failure - Patterns Can Vary Widely

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Asset Failure – Impact of Maintenance

Is fixed interval maintenance always the best approach?

Rising risks with age/use:

where predetermined
maintenance might help

Mostly random risk:

where predetermined
maintenance may not help

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 BS ISO 55000 series

Asset Management System

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Background

• PAS 55 specification for the optimal management of physical assets – first

published in 2004
• Widely adopted globally as a tool for integrating and improving business
practices
• Put forward to the ISO in 2009 as the basis for a new international standard for
asset management
• Final Draft International Standard (FDIS) was published on 14 October 2013
• New standard Published on 13 January 2014

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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

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What is the aim of ISO 55001?

To increase the value and reduce

therisks and costs associated with
ownership and management of
assets

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Key Elements of an AMS

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ISO 5500X - Asset Management System

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ISO 55001 - Asset Management System

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Copyright © 2016 BSI. All rights reserved.
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ISO 5500X - Asset Management System

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ISO 55001 - Asset Management System

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Relationship AMS with Others Management System

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Who is ISO 55001 for?

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Customer feedback

“We continually strive to develop and improve our approach to asset

management. ISO 55001 sets out a framework that drives best practice,
providing a natural fit with our goal to be leaders in asset management.
This is a key stage on our journey to that destination, allowing for future
improvements in our working practices as well as a clear alignment
between the strategic direction of Scottish Water and the activities
carried out during the asset lifecycle”

Geoff Aitkenhead A
sset Management Director Scottish Water

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Customer feedback

“I am delighted that through our team's hard work

and dedication we have achieved this highly respected
standard. We are always looking to improve and find
ways to derive the best possible value from the assets
that we manage for our customers.”
David Plester, Managing Director, Babcock Infrastructure

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A simple guide for your ISO 55001 journey with BSI

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Getting certified to
ISO 55001
Driving best practice asset management

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STEPS FOR CERTIFICATION

 AWARENESS TRAINING AND PROJECT KICK OFF

 GAP ANALYSIS
 EXECUTIVE BRIEFING
 KNOWLEDGE TRANSFER
 WORKSHOP 1 – 4 (CLASS ROOM AND CONSULTANCY)
 IMPLEMENTATION MONITORING AND CONSULTANCY
 LEAD AUDITOR TRAINING
 INTERNAL AUDIT & MANAGEMENT REVIEW
 PRE-AUDIT
 STAGE-1
 STAGE-2
 CERTFICATE AWARD

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Typical Problems Found during Implementation

 Documentation Issues (e.g. SAP Access, Business Process, Files storage,

etc)
 Corrective Action plan and monitoring
 Risk Management (risk identification and monitoring)
 Incident or Non-conformity Management
 Project Management
 Missing some business process or procedures (e.g. Asset Disposal,
Stakeholder Communication, Contingency Plan, etc)
 Personal Competence Certification

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Key Success Factors

 Top Management Commitment

 Assigned Project Coordinator

 Assigned Project Team

 Routine Progress Monitoring

 Strong Internal auditor Team

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