Chemical Engineering February 2014 - 20

Summary of requirementS in iSo 55001
Newsfront
management and ISO project committee
PC251, with experts from 31
countries represented, was assembled
to develop it.
Many of the principles and requirements
contained in ISO 55000
came directly from PAS 55, but the
two do have differences. Compared
to PAS 55, ISO 55000 places a
stronger emphasis on stakeholder
involvement, and more emphasis
on aligning the engineering side
of things with the finance and accounting
side of business.
Implementation and use
The ISO 55000 standards promise
to be widely recognized and a relatively
fast uptake is expected for the
standard. However, there are challenges
to its implementation. The
nature of those challenges and how
they are perceived by an organization
depends a great deal on the level
of maturity of its asset management
systems and processes, says Scott
Yates, from Assetivity. " Good asset
management requires a high level of
cross-functional alignment and coordination
between the engineering,
operations, maintenance and commercial
side of the business, " Yates
explains, " and for organizations
where those functions are largely siloed,
simply getting these functions
to talk can be extremely difficult -
although also very beneficial. "
For organizations new to AMSs,
the most significant challenges tend
to be cultural, Yates says. On the
other hand, organizations whose
asset management maturity is more
advanced will find the challenge, at
least early on, will be identifying
assessors that have been certified
as competent, he adds.
In addition, another potential
challenge may result from variations
in the way the standard's language,
which tends to be general, is
interpreted, Yates says. This could
lessen over time, as a common understanding
of the requirements
emerges, he adds.
Another challenge involves leadership
commitment. Implementing
the standard in a real way will require
buy-in from senior-level management
from the beginning of the
T
he 55001 portion of the standard outlines the requirements of the asset management
system, emphasizing on what needs to be done, rather than how to do it. The following
summarize several key elements within ISO 55001.
Determining scope. This section covers the creation of a strategic asset-management
plan (SAMP), as well as requiring the organization to determine the criteria for assetmanagement
decision making. The focus is on establishing the boundaries and applicability
of the asset management system (AMS), and defining the specific asset portfolio
that will be included in the AMS. The section also includes the requirement that the
SAMP be aligned with and consistent with the organizational objectives.
Understanding stakeholder needs. The standard requires organizations to determine
the stakeholders that are relevant to its AMS, and the expectations of each group.
Leadership commitment. The goal of this section is to require that the senior-level leaders
of the organization demonstrate a firm commitment to the AMS by ensuring that it is integrated
into the organization's business processes, as well as ensuring that the resources for
the system are available, and that its importance is communicated clearly throughout the
organization, among other activities. This section also issues requirements about establishing
official organizational policy with regard to asset management and establishing which
personnel are responsible for the various roles in maintaining and using the AMS.
Asset management planning. The planning portion of the standard focuses on addressing
risks and opportunities for the AMS. The goal here is to ensure that the AMS is
capable of achieving its intended outcomes and to prevent unintended and undesirable
effects. This section stipulates that the asset management objectives noted in the plan are
consistent with the asset management policy, are measureable to the extent possible and
are monitored for possible update.
Resource support. The emphasis of this section is on determining and providing the
resources necessary for the implementation, maintenance and improvement of the AMS
within the organization. These resources include making sure employees performing
work on asset performance and asset management have the required competencies. In
addition, the resources required include other aspects, such as informational resources.
Documentation. This section of the ISO 55001 standard requires that the organization's
AMS include documented information, and that the documentation is kept under appropriate
control.
Operation and change management. The operation section of the standard ensures
that processes are planned, implemented and controlled for implementing the actions
cited in other sections of the standard. It also covers change management, including the
need to address and manage risks associated with planned changes.
Performance evaluation. This section covers the need for monitoring, measurement,
analysis and evaluation of asset performance, as well as the effectiveness of the overall
AMS. The section requires the organization to conduct internal audits aimed at determining
whether the AMS conforms to the ISO standard and is effectively implemented.
Continuous improvement. The improvement section outlines requirements for actions to
be taken to correct nonconformities and incidents related to the organization's assets.
In addition to corrective action, this section also covers the need for taking preventive
action - proactively identifying potential failure mechanisms in asset performance -
as well as requiring the organization to strive for continuous improvement in its asset
management.
Related topics. ISO 55001 includes an appendix listing subject areas relevant to
asset management that are addressed by other published standards. These include:
data management; environmental management; systems and software engineering;
non-destructive testing; project management; inspection, equipment management;
energy management; and others. A bibliography cites the standards covering the
above topics.
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process, Davies says. " If done right,
this can bring about a shift in culture "
for asset management. " Culture
change is difficult and can be
painful, but that's where the real
benefit lies, " Davies remarks.
When it comes to how the standard
may be used in the future,
Yates believes that formal certification
for, or at least alignment with,
the ISO 55000 standard will increasingly
become a requirement over
time. Initially such requirements
may occur in the power and water
utilities sectors, as well as in the
20 ChemiCal engineering www.Che.Com february 2014
government sector, Yates remarks.
Insurers may eventually look more
favorably on ISO-55000-certified organizations,
he adds, but probably
only after their actuarial processes
determine how the business risks
change for those that are compliant
versus those that are not.
Generally, however, the preferred
approach would be for senior management
to drive compliance from
within the organization, rather than
responding to an external mandate,
Yates says.
■
Scott Jenkins

http://www.Che.Com

Chemical Engineering February 2014

Table of Contents for the Digital Edition of Chemical Engineering February 2014