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1 Scope. This International Standard provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. This International Standard can be applied to all types of assets and by all types and sizes of organizations. NOTE 1 This International Standard is intended to be used for ...
Key objectives of ISO 55000 include: Optimizing Asset Performance: Enhancing the performance, efficiency, and effectiveness of assets to meet organizational objectives. Risk Management: Identifying, analyzing, and managing risks associated with assets to ensure business continuity and reduce potential losses.
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Jul 9, 2014 · ISO 55000 Overview | PPT. Jul 9, 2014 • Download as PPTX, PDF •. 25 likes • 20,007 views. Life Cycle Engineering. An overview of ISO 55000 designed to help you manage risk and realize the value of your organization's assets. Presented by Randy Heisler at the 2014 AREGC Conference in Louisville, KY. Read more. Engineering Technology Business.
ISO 55000:2014. Published (Edition 1, 2014) This standard was last reviewed and confirmed in 2016. Therefore this version remains current. Expected to be replaced by ISO/FDIS 55000 within the coming months.
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- Gaining An Understanding of Asset Management
- Fundamentals and Value of Asset Management
- The Value of Asset Management
- What Is The Real Value to My Organisation?
- Starting on The Right Foot
Although good Asset Management sound like common sense, the knowledge of what a comprehensive Asset Management system entails is not all common knowledge and some investigation or study may be required to understand the fundamentals. It is recommended that the leadership team have an understanding of the subject in order to guide the organisation d...
A good place to start understanding what ISO 55000 is all about is to look at the definition of Asset Management as given in the standard overview document (ISO 55000:2014 – Asset management – Principles, overview and terminology). This document simply gives the definition of Asset Management as: This sounds again like common sense, but there are m...
What is the value of Asset Management or implementing an Asset Management System? ISO 55000 suggests the following value can be gained from applying the standard: 1. Improved financial performance 2. Informed asset investment decisions 3. Managed risk 4. Improved services and outputs 5. Demonstrated social responsibility 6. Demonstrated compliance ...
Next, take a deep breath, pause for a minute to really understand the value you want to get out of this initiative. It seems the words “real” and “really” appears many times in this article – the reason for that is that if you don’t really understand why you are doing this, you may start down the wrong track, on the wrong foot, expecting unrealisti...
Consider covering the following basic steps before commencing on your asset management journey. 1. Leadership buy in – this is definitely a top down initiative. Make sure the leadership team has a good understanding what an Asset Management System is and the potential benefits. An introductory course or conference would be a good starting point. 2....
ISO 55000 is an internationally-recognized standard for Asset Management. It addresses the strategic and tactical management of assets, with an emphasis on value derived from assets and the management of risk. As of year-end 2020, over 300 organizations internationally have formally implemented ISO 55000, and have seen both operational and ...
Feb 2, 2014 · Overview. The ISO 55000 series provides terminology, requirements and guidance for implementing, maintaining and improving an effective asset management system. The three international standards (ISO 55000, 55001 and 55002) are important because they represent a global consensus on asset management and what it can do to increase value generated ...
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