January 14, 2014

© 2012 Sunflower Systems

 Available from ANSI and other standards distributors  Search for “ANSI Store”, then “ ISO ”  Cost $330 for a compilation of the three documents © 2012 Sunflower Systems

 ISO : Asset Management - Overview, Principles and Terminology  ISO : Asset Management – Management Systems - Requirements  ISO : Asset management — Management systems — Guidelines for the application of ISO

© 2012 Sunflower Systems

Managing the Organisation

© 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets

© 2012 Sunflower Systems

 improved financial performance © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation  improved organizational sustainability © 2012 Sunflower Systems

 improved financial performance  informed asset investment decisions  managed risk  improved services and outputs  demonstrated social responsibility  demonstrated compliance  enhanced reputation  improved organizational sustainability  improved efficiency and effectiveness © 2012 Sunflower Systems

 Existing Focus  Lifecycle cost  Total Cost of Ownership (TCO)  Future Focus  Value Creation Create Value for your Organization

 Do people buy cars to minimize TCO?  Obviously no  People buy cars to realize value © 2012 Sunflower Systems

 Objectives into actions  Integration  A supporting Asset Management System © 2012 Sunflower Systems

 Workplace culture  Roles and responsibilities – and authority  Awareness  Stakeholder involvement © 2012 Sunflower Systems

 Assets fulfill purpose  Processes  Connection to organizational objectives  Continual improvement  Necessary resources © 2012 Sunflower Systems

Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets

© 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

© 2012 Sunflower Systems

The Organization Leadership Plans Support Operation Performance Evaluation Improvement 28

© 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives

© 2012 Sunflower Systems Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives Asset Portfolio Assets that are within the scope of the asset management system

 Asset is an item, thing or entity that has potential or actual value to an organization 31

 ISO is strategic level document  Lifecycle is the bottom level concept  Current NPMA/ASTM E53 lifecycle guidance connect operations to ISO strategic concepts

33  Where do we stand?

 You are already doing Asset Management better than the rest of the world  98+% accuracy is beyond the most aggressive goals of organizations around the world  Familiarity with compliance and an audit environment

 Documented policies and procedures  That are being followed!  Historical transaction data  Say it, do it, prove it

 Centralized, system level approach  Excellent Asset Management registries  Established systems for Asset Management  A record of success

 Top Management visibility and impact  The missing FMR  Integration  Planning

 Organizations using these principles around the world are realizing significant cost savings  What’s necessary isn’t new money, but smarter use of existing money  There are achievable savings beyond the cost of implementation © 2012 Sunflower Systems

Managing the Organisation Asset Management Coordinated activity of an organization to realize value from assets Asset Management System Set of interrelated or interacting elements to establish AM policy, AM objectives and processes to achieve those objectives Asset Portfolio Assets that are within the scope of the asset management system