Maintenance Technology April 2017 - 44

ISO 55000

Guide Helps Measure
Asset-Management Maturity
Bob Williamson
Contributing Editor

he asset-management journey is rich with
ideas, opinions, and recommendations.
As organizations focus on life-cycle asset
management, many performance breakthroughs have been achieved. It's wise to continue to
learn from these asset-management examples and
tools as they become available.
A quick read of the ISO 55001-2014 Asset
Management Standard offers detailed descriptions
of minimum requirements for an effective assetmanagement system, rather than a comprehensive
checklist. Plant leaders, though, could benefit from a
more practical guide to asset-management excellence.
The Institute of Asset Management (IAM,
London, theiam.org) has compiled an insightful
document that helps readers understand the subjects
relating to an asset-management system, as codified
in ISO 55001, and to the overall asset-management

Summary of 6-Level Asset-Management Maturity Scale
Description

Definition (Basic)
The organization hasn't yet recognized the need for this
subject and/or there's no evidence of commitment to
put it in place.

Innocent

Aware

Developing

The organization has identified a means of systematically and
consistently achieving competency in this subject.

Competent

The organization can demonstrate that it systematically
and consistently achieves relevant requirements as set out
in ISO 55001.

Optimizing

The organization can demonstrate that it is systematically and
consistently optimizing its asset-management practice, in line
with the organization's objectives and operating context.

Excellent

The organization can demonstrate that it employs the leading
practices, and achieves maximum value from the management of its assets, in line with the organization's objectives
and operating context.

The organization has identified the need for this subject and
there's intent to develop it.

(Source: Global Forum on Maintenance and Asset Management)

The ISO 55000:2014 Asset Management Standard could play a major
role in industry in the coming years. Keep up to date with our ongoing
coverage of this Standard at maintenancetechnology.com/iso55k.

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MAINTENANCE TECHNOLOGY

discipline. Titled Asset Management Maturity Scale
and Guidance, it can serve as a progress guidance
tool in an organization's asset-management journey.
At the heart of the IAM publication is the "Asset
Management Landscape" (2nd Edition). Assembled
by the Global Forum on Maintenance and Asset
Management (GFMAM, Zurich, gfmam.org), it
provides a broad overview of the asset-management
discipline and a structured body of knowledge
spread across 39 different, yet related, subjects,
organized into six groups:
■ Strategy & Planning
■ Asset Management Decision Making
■ Lifecycle Delivery
■ Asset information
■ Organization & People
■ Risk & Review
The Asset Management Maturity publication
aligns the 39 asset-management subjects with a sixlevel maturity scale. An invaluable tool for assessing
an organization's asset-management progress, the
document also offers specific recommendations for
improvement. The accompanying table summarizes
this maturity scale. It can be used as a template with
each of the 39 subjects.
Each subject spans two pages in the AssetManagement Maturity publication. The first page is
organized with the six maturity levels (0 to 5), shown
in the summary table here, with additional maturity
definitions.
The second page offers important insights into
achieving excellence in the asset-management
journey. Each subject is put into context with
criticality, scale, and complexity to help define Level
5 maturity. Related subjects from the list are also
referenced. Notes and illustrations from the developers also are included to help you on the journey to
asset-management excellence. MT

References

robertmw2@cs.com

■

ISO 55001-2014 Asset Management Standard, (1st
Edition), Jan. 2014. The International Organization
for Standardization (iso.org)
■ Asset Management Maturity Scale and Guidance, (Version 1.1), June 2016. Institute for Asset
Management (theIAM.org)
■ "Asset Management Landscape," (2nd Edition), Mar.
2014. Global Forum on Maintenance and Asset
Management (GFMAM.org)
APRIL 2017

http://www.gfmam.org http://www.theiam.org http://www.iso.org http://www.theIAM.org http://www.maintenancetechnology.com/iso55k http://www.GFMAM.org

Table of Contents for the Digital Edition of Maintenance Technology April 2017