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the professional body for the

through-life management of
physical assets
PAS 55

Specification for the optimized management of physical


infrastructure assets

John Woodhouse
29th June 2004

JWW 1
The workshop

Introduction & Background to the project

What’s inside PAS-55?

A Verification scheme.

Discussion
• how shall we use it?
• what next?

© The Woodhouse Partnership Ltd 2004 JWW 2


PAS 55 Who has been involved

Drafting Group
J.Woodhouse, IAM, Chairman
D.Ford, FaberMaunsell, Secretary & Contracts
Stewart Cormie, BSI, Project Manager
Peter Beveridge, BSI, Sub-editor
M.Cottam, Lloyds Register, Technical
M.Mustafa, Lloyds Register, Drafting

Review Panel Members


*AWG plc London Underground Ltd
CIPFA (Institute of Public Finance & Accountancy) Ministry of Defence (DLO)
DfT (Department for Transport) *National Grid Transco plc
Health & Safety Executive Network Rail
*EDF Energy Northern Electric (Yorkshire Electricity)
*FaberMaunsell Ltd *Northumbrian Water plc
Halliburton KBR Ofgem (The Office of Gas and Electricity Markets)
Health & Safety Executive OFWAT (The Office of Water Services)
Institute of Asset Management ORR (Office of the Rail Regulator)
Interbrew *Severn Trent Water plc
*Lloyds Register *The Woodhouse Partnership Ltd
*LogicaCMG UK National Air Traffic Services Ltd
Yorkshire Electricity Group

© The Woodhouse Partnership Ltd 2004


* Sponsors
JWW 3
What was involved

• Idea first floated Feb 2002

• Proposal submitted to BSI in July; work started Nov 2002

• 14 other standards to review & interlink/cross-reference

• 10 iterations of consultation and refinement, including 2


formal Review Panel cycles & 2 public consultations.

• 80 - 250 suggestions (60 pages) of input to be incorporated


at each stage!

© The Woodhouse Partnership Ltd 2004 JWW 4


What has resulted

Part 1 – The Specification (“PAS 55-1”)


Part 2 – Guidelines for the application of PAS 55-1
[Part 3 – Sector-specific guidance]

© The Woodhouse Partnership Ltd 2004 JWW 5


Not really just ‘physical’ assets…
Important interface:
motivation, communication,
roles & responsibilities,
knowledge, experience,
leadership, teamwork Human
Assets Vital context: business
objectives, policies,
regulation, performance
requirements, risk mgmt.

Physical
Financial Information
Assets
Assets Assets
Important interface:
Important interface: life condition, performance,
cycle costs, capital activities, costs &
investment criteria, opportunities
operating costs

Intangible
Assets
Important interface:
reputation, image, morale,
constraints, social impact
© The Woodhouse Partnership Ltd 2004 JWW 6
Key principals embodied in PAS 55

• Inclusive
• Whole life
• Optimized
• Risk-based
• Data-supported
• Continuous improvement
• Pragmatic

© The Woodhouse Partnership Ltd 2004 JWW 7


Based on the familiar ISO 9004:2000
& OHSAS 18002:2000 layout

M Re .6
an vi
& Po l

ag ew
St icy
ra

em
4. teg
4

en
2 y

t
Asset
Management
cking
& System AM
In
asse fo, risk
Che action ssm
ctive 4.5 4.1 & pl
a ent
corre 4.3 nning

Implementation
& operation
4.4

© The Woodhouse Partnership Ltd 2004 JWW 8


4.1 General Requirements

• The organization shall establish, document, implement


and maintain an asset management system and shall
continually improve its effectiveness…
• Defined scope
• Control of outsourced processes

© The Woodhouse Partnership Ltd 2004 JWW 9


Where it fits in
Legal and stakeholder requirements and expectations
(customers, shareholders, regulators, employees, suppliers, society)

Other
requirements
& systems
Business plans
Asset
Management
System

improvement
Continuous
Optimized AM strategy, objectives,
plans & performance targets

Asset systems or business units

Asset types,
processes,
procedures
& standards
Performance
& condition
monitoring

© The Woodhouse Partnership Ltd 2002


4.2.2 Asset Management Policy

• Derived from organizational strategic plan


• Framework for developing strategy, objectives, targets
& plans
• Consistent with risk management framework
• Commitment to continual improvement
• Commitment to compliance
• Visibly endorsed by top management
• Documented, communicated, implemented &
reviewed/maintained

© The Woodhouse Partnership Ltd 2004 JWW 11


4.2.3 Asset Management Strategy

• Long term
• Consistent with policy & org. strategic plan
• Record of asset systems, functions, performance,
condition, risks & asset criticality
• Action plans, timescales, responsibilities
• Optimized for asset life cycles*
• Periodically reviewed & updated

* Period of functional demand, economic life or system renewal cycle


© The Woodhouse Partnership Ltd 2004 JWW 12
4.3 Asset Management Information, Risks & Planning

• Information system; adequacy, accessibility, consistency


• Risk management; identification, assessment & control
• Legal, regulatory & statutory requirements monitored
• AM objectives; clear, quantified, communicated, reviewed
• Asset performance & condition targets; optimized,
Specific, Measurable, Achievable, Relevant, Timely
• Plans; all life stages, optimized, prioritized, designated
resources, responsibilities, time-scales, updated

© The Woodhouse Partnership Ltd 2004 JWW 13


4.4 Implementation & Operation

• Structure, authority & responsibilities; evidence of top management


commitment, defined, documented, communicated
• Training, awareness & competence; appropriately qualified, AM
system familiarity, consequences of error, long-term skills plans
• Consultation, communication, documentation; to/from employees &
stakeholders, system description & linkages
• Information & data control; access, review & revision, cleansing,
archiving, security
• Operational control; plans, procedures, all life stages, scenarios
considered, revision process
• Emergency preparedness & response; plans, reviews, testing

© The Woodhouse Partnership Ltd 2004 JWW 14


4.5 Checking & Corrective Action

• Performance & condition monitoring; risk-based


strategies, leading & lagging measures, recording &
analysis, suitable facilities, calibration & compliance
• Failures & non-conformances; investigation, risk-assessed,
proportionate prevention/mitigation, documented
• Record-keeping; compliance, retention, auditing

© The Woodhouse Partnership Ltd 2004 JWW 15


4.6 Continual Improvement

• AM system reviews; periodic, suitability,


adequacy, effectiveness
• Monitoring opportunities; new technology, tools
& practices, evaluation of potential cost/benefits

© The Woodhouse Partnership Ltd 2004 JWW 16


How shall we use it?

• Gap analysis, improvement planning


• Language alignment & de-silo’ing
• Regulatory uses
• Benchmarking uses
• A good AM System is, itself, an asset to be managed

© The Woodhouse Partnership Ltd 2004 JWW 17


Where next?

• CWA/CEN ongoing development


• PAS 55 Part 3’s (property, knowledge, industry sectors?)
• PAS 55 Verification scheme
– Lloyds Register
• PAS 55 education & implementation training
– Lloyds Register/The Woodhouse Partnership Ltd
• IAM ‘Knowledge Services’
– Competencies
– Library
– Professional Network

© The Woodhouse Partnership Ltd 2004 JWW 18

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