top of page

Asset Management ISO 55000

Asset management ISO 55000 is a crucial aspect of your organization's success in managing your assets throughout it's lifecycle. The ISO 55000 standard is a descriptive standard and centered on aligning your organisational functions to the organisation's strategic objectives. By effectively managing assets, organizations can optimize their operations and achieve their goals. Our services are targeted at developing your maturity and capability with the right advisory and consultation you need.

Asset Management vs. Maintenance management

Asset Management and Maintenance Management are two distinct concepts that are often used interchangeably. While they do share some common boundaries, they are not the same thing.

Asset Management is about maximizing the value of an organization's assets. Maintenance Management is focused on ensuring that those assets are functioning properly. It's important to understand the differences between these two concepts to effectively manage your organization's assets, align your business strategy, allocate resources and establish performance goals.

Scroll on to discover more or enquire now

Developing asset management excellence can be an exciting journey for an organization aligning to or seeking certification to the standard.

Defining Asset Management ISO 55000 and its intent

We often hear about Asset Management ISO 55000 but what is it really?

There are many definitions across many viable sources that talk about realizing value from your assets. We like to think of Asset Management as

​

"a management principle that align your asset strategy to your organizational objectives by creating vertical and horizontal synergy through an asset management system that coordinates the activities to create value in an assets complete lifecycle."

What is the intent of Asset Management ISO 55000?

For us the intent of Asset Management ISO 55000 is about

​

"developing an organizational culture of asset ownership excellence standardizing the organizational management approach throughout an asset's lifecycle to create value and minimize the impacts of asset ownership"

The Asset Lifecycle

The asset lifecycle starts with a business need and ends with disposing the asset before a new cycle begins. The importance of the asset lifecycle is that it helps us define our asset strategy needs to develop plans and operational activities at each lifecycle stage.

Asset Lifecycle

Good leadership starts with strategy

We at Gaishan, recommend and advise that you start with your strategy as a first step and work towards Asset Management and Maintenance Management excellence as source of creating disproportionate advantage to win. Take advantage of our strategy facilitation to ask the hard questions and draw out what you need and how to win. 

​

Sustainable and resilient asset management plans flows with the translation of organizational objectives

The best asset management plans have a line of sight to the organizational objectives. The organizational objectives sets the goals and direction which is translated into specific Asset strategy and policies forming the governance and framework for the development of the Strategic Asset Management Plan and Asset Management Plan.

Asset management line of sight

The secret to your Asset Management leadership is your vertical and horizontal synergy

Throughout an asset's lifecycle the decision making passes through many functions vertically and horizontally. We know that Asset Management Leadership starts at the top and spreads throughout the layers of an organization creating a culture of excellence. 

Vertical and Horizontal relationship

Is it worth the journey?

A typical Asset Management ISO 55000 journey

A truly organization rewarding and defining journey to create a culture of Asset Management excellence that brings a new dimension to business performance.

Asset Management ISO 55000 Journey

The value and benefit depends on you

Is there value and benefit in the journey

What would your team or organisation look like?

How would it feel? Is this a vision of success?

When putting together your SAMP

What is a Strategic Asset Management Plan (SAMP)?

First and foremost the SAMP is a strategic document. The purpose of the SAMP is to detail how the business strategic objectives are translated to asset management objectives. The SAMP guides the development of the Asset Management Plan and outlines the role the Asset Management System plays to achieving the Asset Management objectives.

So what does the SAMP communicate?

  • Context of the organisation

  • Stakeholder relationships

  • Governance structure and framework

  • The development of the SAMP

  • The scope of the Asset Management System

  • Integration, interaction and relationship of  an organisations business functions to asset management

  • Asset decision making process through the lifecycle

  • Role of risk management in the decision making process

  • Organisational roles and responsibilities in asset management

  • Leadership commitments

  • Approach to evaluating the performance of the asset management system

  • Approach to continuous improvement

To create an effective SAMP you will need...

  • Organizational strategy documents

  • Asset Management Policy

  • A Facilitated workshop drawing out the elements of the SAMP

  • Leadership team (Senior and functional)

  • Subject matter experts (SME)

Contents of a SAMP

SAMP Content

When putting together an AMP

What is an Asset Management Plan (AMP)?

The Asset Management Plan is a procedural document and describes the organisations operating context, scope and range of activities that the business intends to do to achieve the Asset Management objectives. The SAMP describes the what and the AMP is about the how.

What an AMP communicates

  • Organisations operating context

  • Scope of the Asset management plan

  • The legal, regulatory, and standard requirements

  • The CAPEX requirements are over a timeframe

  • The OPEX requirements are over a timeframe

  • The organisations asset information

  • The management responsibilities facilitating the AMP

  • Key internal and external relationships exist and how they interface.

  • Assurances so the AMP delivers the intent of the SAMP

  • What asset reporting objectives and measures are in place

To create an effective AMP you will need...

  • Asset assurance requirements

  • Asset data (health, distribution, fleet etc.)

  • Asset reporting requirements

  • Business drivers

  • CAPEX requirements

  • Facilitated workshop

  • Management responsibilities and systems

  • OPEX requirements

  • Performance metrics (Financial, operational, risk, social etc.)

  • Strategic Asset Management Plan

  • Subject matter experts (SME)

Contents of an AMP

Typical Asset Management Plan contents
bottom of page