Implementing pas 55, asset management standard, through fmrims and maintintellegence synergy by namik kosaric p. Learn about working at the woodhouse partnership limited twpl. The iso 55000 series of asset management standards was launched in january 2014. Insights from the asset management for the 21st centurygetting ready for iso 55000 seminar, may 20, calgary part 1 of 12. The international organization for standardization iso is using pas 55 as the basis for. Pas 55 1 describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan. In 2004, the british standards institute bsi, in collaboration with the institute of asset management, released publicly available specification 55 part 1 and 2. Pas 55 helps reduce these risks by preventing organisations incurring unnecessary expenses. Iso 55001 or pas 55 cannot tell you when you have made an ideal asset management choice. Applying the guidelines of bsi pas 55 to facility management.
This part of pas 55 pas 55 2 contains guidelines for the application of pas 55 1. The bsi pas 55 provides a 28point checklist of requirements for an effective. Note obsolescence is declared where the content of a standard, which is superseded by new provisions in the form of a new standard, still retains a commercial need. The asset management imperative getting ready for iso 55000. Pas 551 describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan. Image depicts 1bl001 booster pump the series pl close coupled booster pumps are specifically designed for quiet operation in hydronic, radiant and geothermal heating and cooling systems. Twpls tools and techniques products and services range from getting started, to integrating and embedding, and for those who are seeking excellence in asset management. Before it, a publicly available specification pas 55 was published by the british standards institution in 2004 for physical assets. Pas 55 was prepared and published by the british standards institution bsi, although it is not regarded as a british tandard. The woodhouse partnership is a world leading authority on asset management. Pas 55 is the british standards institutions bsi publicly available specification for the optimized management of physical assets it provides clear definitions and a 28point requirements specification for establishing and verifying a joinedup, optimized and wholelife management system for. The british standard pas 55 asset management, published by bsi, could be named the predecessor of iso 55000.
This rigorous specification is focused on optimized management of physical assets with widespread recognition among utilities, transport, mining, process and manufacturing industries worldwide. Pas 55 clearly indicates what is needed to manage your assets throughout the entire life cycle, starting from organizational objectives. Derived from the pas 55 documents applicable to any organisation where physical assets are a key factor in achieving business success widely adopted, established a defacto standards framework global acknowledgement that asset management is an emerging discipline that would benefit from standardisation. As such, the pas 55 framework and guidelines have been successfully applied across recent ugl services fm contracts. Como a gestao por meio da pas 55 promove a excelencia operacional e aumenta a rentabilidade da empresa. Then you can start reading kindle books on your smartphone, tablet, or computer. It is part of a blog series brought to you by norm poynter and paul kurchina, designed to inspire and educate by. Our asset management assessment services enable you to test and demonstrate to regulators and other stakeholders that your assets are being properly managed for optimum performance, longevity and value for money. Give pas 55 or iso 55001 to ten thousand different people and you will get ten thousand different answers. The curtisswright xp55 ascender company designation cw24 is a 1940s united states prototype fighter aircraft built by curtisswright. Twpl s managing director, john woodhouse, was the project director who led its development on behalf of the institute of asset management iam.
Bsi pas 55 checklist of good practices 1st published may 2004 part 1. It is however, just a waypoint in the journey you are now at the institute of asset managements level 3 in the 5level maturity scale. Enter your mobile number or email address below and well send you a link to download the free kindle app. Additional recommended reading the asset management landscape global forum on maintenance and asset information 2nd addition asset management. Oct 02, 20 insights from the asset management for the 21st centurygetting ready for iso 55000 seminar, may 20, calgary part 1 of 12.
The range, depth and longevity of our capabilities include. Before it, a publicly available specification pas 55 was published by the. This comprises three documents, which can be used by organizations of all sizes and sectors. Download a copy of our new academy prospectus here or contact us for a copy now. Please note that the terms and definitions are contained in pas 55 1, and are not repeated in this part. Since pas 55 was created, it has proven to be a s complete success, although lacking detail 2.
Twpl asset management academy provides the most comprehensive range of competency development services. Bsi makes standards an asset with launch of pas 55 bsi. It provides a 32point checklist and framework for asset intensive organisations and completes a management suite of. The renowned pas 55 has been transformed into the bs iso 55000 series. What it is and why is it needed a samp or what bsi pas 55 called an. Sponsors awg ple edf energy fabermaunsell ltd lloyds register logicacmg national grid transco ple northumbrian water. The asset management blogs listed below are based on a series of interviews with john woodhouse, twpl s managing director, about iso 55000. The woodhouse partnership limited twpl management consulting kingsclere, hampshire 535 followers leaders in asset management, operational excellence, lifecycle costing, risk and performance. Download free from the institute of asset management. Derived from the pas 55 documents applicable to any organisation where physical assets are a key factor in achieving business success widely adopted, established a defacto standards framework global acknowledgement that asset management is an. Pas 55 1 pdf it outlines, in particular, the pas 55 and iso 55000 sets of requirement. Experts in lifecycle cost, risk and performance optimization.
The presentation style is similar to that adopted in bs en iso 9004 and ohsas 18002. Heres some background to help you understand what it is and where we go from here. Specialist course overview iso 55000 has replaced pas 55 as the industry standard for excellence in asset management. This article discusses the british standards institutes publically available specification 55 pas 55, including its history, content and application. He is a founding member of the institute of asset management and chaired the development of the pas 55 standard, and was also appointed uk principal expert in the development team for the iso 55000 standard. It has not been achieved merely by mapping feature descriptions to the wording of the specification, but by 3. An introduction to pas55 joining up the jigsaw puzzle. This blog is based on a series of interviews with john woodhouse from the woodhouse partnership twpl, who delivered this wellreceived seminar. It has been adopted and applied in most industries, in public and private sectors and different regulatory regimes, cultures and environments. But the standards cannot tell you what the best thing to do is. Moving from pas 55 to bs iso 55001 the new international standard for asset management transition guide pas 55, published by bsi in conjunction with the institute of asset management and 49 organizations from 15 industries in 10 countries. John woodhouse, ceo, the woodhouse partnership ltd twpl.
For many years, pas 55 was the go to standard for good practices in asset management. Written by the institute of asset management and published by the british standards institute in the uk, pas 55 is a publicly available specification which lays down a. Along with the vultee xp54 and northrop xp56, it resulted from united states army air corps proposal r40c issued on 27 november 1939 for aircraft with improved performance, armament, and pilot visibility over existing fighters. The asset management imperative getting ready for iso. Pas 55 free pdf download pas 55 free pdf download download. John is ceo of the consulting and training organization, twpl. Strategic asset management plan archives woodhouse partnership. Download case study learn more about how twpl helped hofor. Several twpl principal consultants contributed to pas 55s development and have been implementing, auditing and certifying against across different industries.
Jun 10, 20 4 facts or myths about pas 55 and its influence on your asset management program david berger says approach pas 55 implementation with skepticism. Written by the institute of asset management and published by the british standards institute in the uk, pas 55 is a publicly available specification which lays down a series of requirements for a business to undertake asset management. So, even though pas 55 will be withdrawn as a bsi formal specification in 2015 enabling a 1year overlap with iso 55000 for transfers of their certifications, organisations may find that there is ongoing value of pas 55 as useful guidance and education material. Pas 55 is part 1 of the standard for asset management. Twpl asset management academy has a comprehensive range of asset. The last iteration was published in 2008 and involved over 50 organisations from 15 industries in 10 countries. Pas 55 is the british standards institutions bsi publicly available specification for the optimized management of physical assets it provides clear definitions and a 28point requirements specification for establishing and verifying a joinedup, optimized and wholelife management system for all types of physical assets. Ugl services has identified that pas 55 is an appropriate asset management framework to provide the required level of asset management sustainability to its facility management fm clients during and beyond the contract term. The iso 55001 standard defines good practices in asset management and establishing an iso 55001compliant management system. Implementing pas 55, asset management standard, through. By identifying key risks associated with an organisations assets and their management, the organisation can ensure suitable and sufficient management is applied. And some of the biggest rewards lie in what can be done at the higher levels, when an asset management system is in place.
We were one of the first asset management training organisations to be endorsed by the institute of asset management for professional asset management competency development. Guidelines for the application of pas 551 paperback 2008. Pas 55 is relevant to managers of asset fleets and contains relevant. You may have heard the term pas 55 and wondered how it applies to you. Download case study learn more about how twpl helped. The course aligns to pas 55 and iso 55000 as well as the iams. Iso 55000 is an international standard covering management of assets of any kind.
Implement, maintain and improve an asset management system. Twpl are our preferred partner in creation and delivery of training material covering introduction to asset management systems, and preparation for the iam certificate in asset management. Comparing an information technology approach to asset management with pas 55 dr paul martin gibbons fiet fissp fellow university of bristol miam paul. Pas 55 free pdf download pas 55 is the british standards institutions bsi publicly available specification for the optimized. Superseding pas 55 asset management which has proved to be one of the most popular standards of all time iso 55001, accompanied by iso 55000 overview, principles and terminology and iso 55002 guidelines for the application of iso 55001 will support businesses in achieving the best possible net return from assets while reducing the cost of ownership. Guidelines for the application of pas 551 british standards institution on. See who you know at the woodhouse partnership limited twpl, leverage your professional network, and. There would be massive variation within proposals and between proposals. To find the best answer you need to supplement the standards with a methodology that inherently generates the right, best solution. Twpl can support and assist in the design and development of the asset management standards iso 55001 and pas 55. Comparing an information technology approach to asset management with pas 55 1.
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