2013 NPMA Fall Conference Value Through Professional Asset Management ISO 55000: First Steps Jim Dieter. MIAM, CPPM CF November 13, 2013

2013 NPMA Fall Conference Value Through Professional Asset Management 2  “ISO 55000: First Steps” scheduled for Wednesday, November 13 from 3:45-4:45 pm  The enormous promise of ISO is heading our way. What steps can you take today to be ready to leverage this once in a lifetime opportunity? The Topic

2013 NPMA Fall Conference Value Through Professional Asset Management The Best News First  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

2013 NPMA Fall Conference Value Through Professional Asset Management The Best News First  Documented policies and procedures  That are being followed!  Historical transaction data  Say it, do it, prove it.

2013 NPMA Fall Conference Value Through Professional Asset Management Enterprise Asset Management  Centralized, system level approach  Excellent Asset Management registries  Established systems for Asset Management  A record of success

2013 NPMA Fall Conference Value Through Professional Asset Management The Asset Management Lifecycle  ISO is strategic level document  Lifecycle is the bottom level concept  Current NPMA/FAR/AIA/ASTM E53 lifecycle guidance will connect your current operations to ISO strategic concepts

2013 NPMA Fall Conference Value Through Professional Asset Management An Asset Management Plan  The Asset Management Plan defines the asset management system  The Asset Management Plan is a critical building block  FAR required plans are a great starting point for ISO planning

2013 NPMA Fall Conference Value Through Professional Asset Management The Stretch  If you’ve done all of that – congratulations!  Perhaps typical of excellent compliance systems managed by NPMA members  What more will be required for ISO 55000?

2013 NPMA Fall Conference Value Through Professional Asset Management Understand the Standard  Several sessions at this conference and other NPMA webinars and events  Available to NPMA members for informational and comment purposes  Available for sale as of January 15, 2013

2013 NPMA Fall Conference Value Through Professional Asset Management Banner Only?  Is the organizational goal: To Fly the banner? To realize additional benefits?

2013 NPMA Fall Conference Value Through Professional Asset Management Where Does Asset Management Fit in Your Organization?  Is there top management awareness of Asset Management?  Does your Asset Management Plan tie to organizational mission and objectives?  ISO is an opportunity to enhance top management awareness

2013 NPMA Fall Conference Value Through Professional Asset Management ISO – Overview, Principles and Terminology  This is a marketing document  Use it as such  Benefits  Fundamentals

2013 NPMA Fall Conference Value Through Professional Asset Management Value Asset – item, thing or entity that has potential or actual value to an organization Asset Management - coordinated activity of an organization to realize value from assets 13

2013 NPMA Fall Conference Value Through Professional Asset Management Value Asset – item, thing or entity that has potential or actual value to an organization Asset Management - coordinated activity of an organization to realize value from assets 14

2013 NPMA Fall Conference Value Through Professional Asset Management Organizational Mission  What is the mission of your organization?  How does Asset Management support the mission of your organization?  Can you articulate the contribution of Asset Management to the success of the organization in achieving its mission?

2013 NPMA Fall Conference Value Through Professional Asset Management Organizational Strategic Plan  Are you familiar with your organization’s strategic plan?  Can you find Asset Management in your organization’s strategic plan?  If not, why not?

2013 NPMA Fall Conference Value Through Professional Asset Management Strategic Asset Management Plan  The SAMP connects organizational objectives to Asset Management objectives  Asset Management objectives drive the Asset Management Plan  The Asset Management Plan defines the asset management system

2013 NPMA Fall Conference Value Through Professional Asset Management Assess Current Status  An informal review by Asset Management expert(s) is a great starting point  Begin to understand the order of magnitude of the scope of the effort

2013 NPMA Fall Conference Value Through Professional Asset Management The Delta  Close in on what needs to be done  Build the business case  Project planning  Change management

2013 NPMA Fall Conference Value Through Professional Asset Management Get Involved  Through the NPMA  Through social media  Through industry associations  Through the Asset Leadership Network

2013 NPMA Fall Conference Value Through Professional Asset Management There Is a Lot We Can Learn  Value  Scope  Upper Management Support  Using the Information

2013 NPMA Fall Conference Value Through Professional Asset Management The End Thanks ! Jim Dieter Sunflower Systems