ISO 55001; First Edition, 2014-01-15 - arrayinc.caarrayinc.ca/pdf/ISO 55001.pdf · ISO 55001; First...

ISO 55001; First Edition, 2014-01-15

Overview of “Asset management—Management

systems--Requirements March 30, 2014

Array Strategies Inc. "Bridging Process

and Compliance" 4/3/2014

Array Strategies Inc.

ISO 55001 Overview

•Introduction

•Scope

•Normative reference

•Context of the Organization

•Leadership

•Planning

•Support

•Operation

•Performance Evaluation

•Improvement



Introduction

•This standard provides a framework for asset management

•It is intended for use by:

•Those involved with establishing, maintaining and improving

asset management systems.

•Those providing services related to asset management

•Those involved in assessing an organization’s ability to meet

contractual, regulatory or legal requirements (internal or

external parties)

•The standard is designed to facilitate alignment of an asset

management system with other management system

requirements (I.E. ISO 9001, 14001)



Scope

•This standard specifies asset management system

requirements—within the context of the organization.

•This standard may be applied to any type of asset, by any size

or type of organization.

NOTES:

•While this standard is intended for physical assets it may be

applied to other assets.

•This standards does NOT specify financial, accounting or

technical requirements for managing specific types of assets.



Normative reference

•Indispensable for the application of this standard is:

ISO 55000:2014 Asset management-Overview, principles and

terminology.

•The foregoing standard is also the source for “Terms &

Definitions”.



Context-section 4

4: Context of the Organization:

4.1: Organization SHALL determine internal and external issues

germane to its purpose & strategic direction that have a bearing

on the ability to achieve intended outcomes.

Asset management objectives shall be aligned with

organizational objectives. These are to be in the “SAMP”

(strategic asset management plan)

NOTE: The concept of “context” is also pertinent to risk

management (ref ISO 31000)



Context

4.2: SHALL determine needs, requirements and expectations of

stakeholders: relevant to the AMS (asset management system)

•The above includes stakeholder requirements for recording

salient financial and nonfinancial information—internal & external

reporting expectations.

•Shall determine the criteria for asset management decision

making



Context

4.3: SHALL determine boundaries and applicability of the AMS.

This must align with the SAMP (strategic asset management

plan) and AM policy. Consider:

•External and internal issues related to “context”

•“Requirements” from 4.2 above.

•Interaction with any other management standards deployed (IE

ISO 9001 or 14001)

The defined asset portfolio shall be covered by the scope of the

AMS—scope is to be “documented information” (see 7.6 below)



Context

4.4: SHALL establish, implement and maintain and AMS

including:

•Required processes and their interaction.

•SAMP which includes the role of the AMS in achieving defined

AM objectives.



Leadership-section 5 5.1: Top Management shall demonstrate leadership and

commitment with respect to the AMS by ensuring:

•AM policy, SAMP and AM objectives are compatible with

organizational objectives.

• Integration of QMS with business processes

•Required resources needed for the AMS are available to achieve

intended outcomes.

•Directing and supporting personnel to contribute to the system’s

effectiveness.

•Promoting cross functional collaboration & continual

improvement.

•Asset risk management is aligned with overall risk strategies



Leadership-section 5 5.2: Top Management shall establish an AM policy that:

•Is appropriate to the nature and scale of the organization

•Provides a framework for setting objectives

•Commits to satisfying all requirements to continual improvement.

•Is communicated in the operation and available to stakeholders

as appropriate.

•Is reviewed and updated as required.

•Is available as “documented information” (ref. 7.6 below)



Leadership-section 5

5.3: Top management SHALL-define roles, responsibilities with

respect to the AMS and ensure they are communicated through

the operation. Specifically responsibility & authority for:

•Establishing and updating the SAMP, including objectives

•Ensuring the AMS supports the SAMP

•Ensuring the AMS remains suitable for the operation and

compliant with this standard.

•Reporting performance of the AMS



Planning-section 6

6.1: Planning for the ASM requires that the organization shall

consider:

•Actions to address risks and opportunities—must consider

context

•Design the QMS to achieve desired outcomes—in context

•Prevent/reduce undesired effects

•Achieve improvement

•Process to address, integrate and evaluate effectiveness of

actions ensuing from the above



Planning-section 6

6.2.1: Planning AM objectives—shall be integrated with other

planning activities including financial, human resources and other

key planning functions. AM objectives shall:

•Be consistent and aligned with organizational objectives

• Reviewed and updated as part of the SAMP

•Be measureable—as practical and monitored as applicable

•Consider requirements imposed on the assets or the system



Planning-section 6

6.2.2: Planning to achieve AM objectives—shall be integrated

with other planning activities designed to achieve results. AM

Management Plans shall:

•Be aligned with the policy and the SAMP

• Indicate the method and criteria for decision making and

application of resources to achieve planned objectives

•Methods to be employed to manage assets over their life cycle

•The who, what, when, where and how of the methods

•Evaluation criteria, financial and other implications.

•Actions to assess and mitigate risk associated with managing

the asset. (See ISO 31000—re risk management)



Support-section 7 7.1: Resources—determine what’s needed to establish,

implement, maintain and improve the AMS. Such resources

shall be provided. For persons whose work affects asset

performance assure:

7.2: Competence: Define required competencies; ensure

persons filling roles are competent; take action where there are

competencies gaps—retain documented evidence of competence

7.3: Awareness: Of-policy; their impact on asset performance and

impact on effectiveness of the AMS; their work activities and

related risks and implications of not following the system.

7.4: Communication: Define channels for internal & external as

relevant to assets and the ASM. (What, to whom, by whom via

what means)



Support-section 7

7.5: Information requirements: Shall determine information

requirements related to assets, asset management and the ASM.

In so doing:

•Shall consider significance of risk; roles and responsibilities of

management; AM processes; information exchange with

stakeholders; availability and quality if information supporting

organizational decision making.

•Shall determine information attributes; quality along with the

“how & when” of collection, analysis & reporting of information.

•Shall specify, implement & maintain processes for managing

information

•Shall determine alignment of information with financial & non

financial information and the traceability/integrity thereof.



Support-section 7

7.6.1: Documented Information; the AMS shall include

documented information:

•As required by the standard as explicitly stated @ various

clauses.

• As applicable to legal or regulatory requirements

•As DETERMINED BY THE ORGANIZATION as being necessary

Extent of documentation will vary from organization to one

another—size, complexity, competence –are factors



Support-section 7

7.6.2: Creating and updating- shall ensure that appropriate:

format (media, style, graphics et al); approval authority &

identifiers (title, date, number, source—as required) –are all

defined.

7.6.3: Documented information shall be controlled to ensure:

•It is available for use where required

•That revisions are controlled and updated at points of use

•That it is secured from tampering by unauthorized persons –

consideration to be given to risk, confidentiality, regulatory or risk

oriented retention time specifications

•That information of external origin, disseminated or used in the

organization, is the most current available.



Operation-section 8

8.1: Operation, planning & control—Shall plan, implement and

control processes needed to meet requirements and the AMP

(6.2) and related corrective or preventive actions (determined

from 10.1 & 10.2)

•Documented information shall be to the depth and breadth

necessary to assure the process is executed as planned and that

risk is mitigated.

8.2: Management of change—risk associated with any change

must be assessed BEFORE the change is implemented.

•Change implementation must be managed and controlled (I.E:

see 7.6 above—control of information)



Operation-section 8

8.3: Outsourcing AM activities requires definition of:

•Type and extent of control of external input predicated on RISK

and potential impact; agreements with the provider regarding

shared risk—and the boundaries around “who does what”.

•Responsibility and authority for managing outsourced processes

•Shall establish and apply criteria for the monitoring of

outsourced providers (re 9.1)—documented information to be

retained.

•The vendor must be informed and competent and information

flowing to and from the vendor must be controlled (ref 7.2, 7.3

and 7.6 above)



Performance evaluation-section 9

9.1: Measuring, monitoring analysis and evaluation demands that

the organization shall:

•Determine what needs to be measured and how—”how” must

consider validation/integrity of information used.

•When monitoring and measurement is conducted.

•When the foregoing is evaluated, reported and acted upon

Such monitoring, evaluation & reporting shall indicate:

•Asset performance

•Asset management performance (financial & non financial)

•The effectiveness of the AMS



Performance evaluation-section 9 9.2: Internal audit:--Shall conduct internal audits at planned

intervals that must:

•Assure the AMS conforms to this standard and supports the

organization’s own AMS objectives.

•Be supported by a defined program—that defines who, what,

when.

•Have defined scope and objectives and criteria

•Be conducted by impartial and objective auditors

•Be evidenced by documented in formation (report) and reviewed

by management.



Performance evaluation-section 9 9.3: Management review: management shall review the AMS at

planned intervals to ensure ongoing suitability & effectiveness.

Reviews shall consider:

•Actions/issues from previous reviews

•Any changes/influences (external or internal) that may have a

bearing on the AMS

•Data re AMS performance (corrective actions, risks, audit

results, performance measures results, improvement

opportunities)

•Changes in risk profiles.

Output is to be document and include decision and actions



Improvement-section 10

10.1: Nonconformity & corrective action: In the event of a

nonconformity, or an incident, action shall be taken,

commensurate with the risk associated with the issue, to:

•Address any required immediate remediation

•Understand the root cause

•Mitigate the root cause (I.E. training, new procedure, capital

investment)

•Verify planned action was taken and implemented

•Assure corrective measures were effective.



Improvement-section 10

10.2: Preventive action: Shall establish a process to proactively

identify potential failures (risk identification) and evaluate the

need for preventive action.

Process details similar to 10.1 above.

10.3: Improvement: Shall continually improve the suitability and

effectiveness of the AMS (E.G. review measure targets and raise

goal posts and targets are met)



Date post:	04-Apr-2018
Category:	Documents
Upload:	trinhminh
View:	249 times
Download:	2 times

ISO 55001; First Edition, 2014-01-15 - arrayinc.caarrayinc.ca/pdf/ISO 55001.pdf · ISO 55001; First...

Documents