Applying International Standards Beyond MAP-21 and Towards Global Best Practice in Asset Management
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1 Applying International Standards Beyond MAP-21 and Towards Global Best Practice in Asset Management presented by Tom Goodyer 11 th National Conference on Transportation Asset Management - July 2016 Page 1
2 Agenda MAP-21 Requirements ISO Standard Key themes of AM (as per ISO55001 and the IAM) AM Maturity: understanding, improvement, certification Page 2
3 MAP-21 Moving Ahead for Progress in the 21 st Century Page 3
4 MAP-21 emphasizes three aspects of asset management Asset Data Reporting Asset Management Planning Performance Management Page 4
5 MAP-21 requires funding recipients to establish asset management practices and develop an asset management plan Transit Asset Management Requirements 1. Establish asset inventory 2. Determine performance targets and report on progress 3. Measure condition and report on change 4. Document the investment prioritization process 5. Capture in a Transit Asset Management Plan, which includes inventory, targets, performance, investment required etc. MAP-21 also includes risk identification, assessment, and management as a requirement of agency safety plans and asset management planning Page 5
6 2015 FTA Proposed TAM Plan Elements: Forthcoming Federal Rulemaking Transit Asset Management Plan Elements All Providers 1. Inventory of (Capital) Assets 2. Condition Assessment 3. Decision Support Tools (approaches to decision making) 4. Investment Prioritization (approaches to prioritization) Transit Asset Management Plan Elements Tier 1 Larger Operators Only 5. TAM and SGR Policy (Asset Management Policy) 6. Implementation Strategy (Strategic Asset Management Plan) 7. List of Key Annual Activities 8. Identification of Resources 9. Evaluation Plan Page 6
7 International Standards for Asset Management Introducing ISO-55001:2014 and other relevant industry standards Page 7
8 History of development PAS-55 was the first attempt at documenting the necessary checklist for good practice asset management Page 8
9 ISO Documents ISO 55000: Overview, Principles and Terminology A marketing document (why) Designed for CEO s/ Senior Managers ISO 55001: Requirements The shall statements (what) ISO 55002: Guidelines Explanations and examples (how) Page 9
10 ISO:55001 provides the structure and guidance on the implementation of an Asset Management System 4. Context of the Organization 5. Leadership and Commitment 6. Planning (risks and opportunities) 7. Support (resources and information) 8. Operation (Lifecycle activities) 9. Performance Evaluation 10. Improvement Page 10
11 ISO-55001:2014 defines WHAT to do and not HOW to do it (how to implement yes but not how to manage your assets). What it will do: Connect asset activities to organization goals Structure and guide for an AM system Establish a consistent approach to decisions Establish organization control and management Enable better understanding of asset needs What it won t do: Give you the requirements for an Enterprise Asset Management (IT) System Tell you what data to collect and how often Tell you what to measure Tell you what to do fix and when Tell you how to improve maintenance (RCM etc) Page 11
12 Important themes in ISO-55001:2014 Strategic Direction Risk and Management Planning Lifecycle Delivery Activities Performance Evaluation and Improvement Asset Knowledge People and Organization Page 12
13 Growing Beyond MAP- 21 Aligning the Standards and Growing Beyond Page 13
14 ISO-55001:2014 is consistent with the asset management requirements of MAP-21 Scope ISO-55001:2014 MAP-21 ENTERPRISE LEVEL Asset Management intentions, principles and directions Asset Management Policy TAM and SGR Policy High Level approach, Specific objectives, Performance measures, Decision criteria/ investment prioritization Improvement actions necessary to implement strategy ASSET CLASS LEVEL Specific asset activities, resources and timescales required to achieve objectives and performance measures Strategic Asset Management Plan Plans for developing Asset Management System Asset Management Plan Implementation Strategy Decision Support Tools (approaches to decision making Investment Prioritization (approaches to prioritization) Evaluation Plan Implementation Strategy (Strategic Asset Management Plan) Inventory of (Capital) Assets Condition Assessment List of Key Annual Activities Identification of Resources Page 14
15 Key ISO Elements to Consider for improved asset management practice Line of Sight Lifecycle Delivery Activities Asset Knowledge Management People and the Organization Page 15
16 Line of sight is a key concept for an asset management management system reinforced throughout ISO-55001:2014 Organizational Strategic Plan Asset Management Policy Strategic Asset Management Plan Asset Management Objectives Asset Management Plan(s) Lifecycle Activities Asset Management management system Page 16
17 The Institute of Asset Management (IAM) Conceptual Model identifies subjects that are captured in the ISO Standard Page 17
18 IAM Anatomy 39 subjects Page 18
19 Best Practice Asset Management is a result of maturity in asset-related practices Page 19
20 IAM/ISO-Based Gap Assessments can initiate the process of maturing towards best practice asset management Page 20
21 IAM/ISO-Based Certification can convey the quality of your AM system Reckon your AM System is compliant? Invite in the auditors Prove to your staff and stakeholders you ve gone beyond MAP-21 Not a one-off event: An annual and three-yearly cycle Demonstration of continuous improvement Page 21
22 Asset Management is not just about maintenance and it is more than technology To be successful: Clear vision and strong leadership A framework within which to undertake decisions. Reliable, accurate asset information Technology to support efficient management Mindset to monitor, review and continually improve Remember that PEOPLE do asset management! Page 22
23 Thank You Contact: Christian Roberts, Ph.D. Margaret-Avis Akofio-Sowah, Ph.D. Tom Goodyer J.P. O Har, Ph.D. oharjp@pbworld.com Page 23
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