2014 npma spring seminar value through professional asset management implementing iso 55000...
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2014 NPMA Spring Seminar Value Through Professional Asset Management The Path Forward Awareness Understanding Planning Advocacy Negotiation Implementation Institutionalization Who has the skills and the position to make this happen in your organization? What is your role?TRANSCRIPT
2014 NPMA Spring Seminar Value Through Professional Asset Management
Implementing ISO 55000ContractsJim Dieter
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Best News 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
Competitive advantage
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Path Forward Awareness Understanding Planning Advocacy Negotiation Implementation Institutionalization
Who has the skills and the position to make this happen in your organization?
What is your role?
2014 NPMA Spring Seminar Value Through Professional Asset Management
A Quick Assessment What’s new to us? What are we already doing?
2014 NPMA Spring Seminar Value Through Professional Asset Management5
Management System Standards
[ ] New [ ] Existing A big plus if your organization is already ISO literate.
2014 NPMA Spring Seminar Value Through Professional Asset Management6
Management System Standards
[ ] New [ ] Existing
If your organization has already implemented two ISO Standards, you are rolling downhill!
2014 NPMA Spring Seminar Value Through Professional Asset Management7
Management System Standards
[ ] New [ ] Existing
If three, home free!
Managing the Organisation
Asset Management
Coordinated activity of an organization to realize value from assets
ISO 55000: Overview [ ] New [ ] Existing
[ ] New [ ] ExistingIs your organization aware asset management exists?
2014 NPMA Spring Seminar Value Through Professional Asset Management
Benefits of Asset Management
Benefits = Your Sales Pitch
2014 NPMA Spring Seminar Value Through Professional Asset Management
Benefits of Asset Management improved financial
performance informed asset investment
decisions managed risk improved services and
outputs demonstrated social
responsibility
[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing
2014 NPMA Spring Seminar Value Through Professional Asset Management
Benefits of Asset Management demonstrated compliance enhanced reputation improved organizational
sustainability improved efficiency and
effectiveness
[ ] New [ ] Existing [ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing
2014 NPMA Spring Seminar Value Through Professional Asset Management
Asset Management Fundamentals Alignment Leadership Assurance Value
How do the fundamentals play in a government contract property environment?
2014 NPMA Spring Seminar Value Through Professional Asset Management
Fundamentals: Alignment Objectives into actions
Integration
A supporting Asset Management System
[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
Line of sight……..
2014 NPMA Spring Seminar Value Through Professional Asset Management
Fundamentals: Leadership Workplace culture Roles and
responsibilities – and authority
Awareness Stakeholder involvement
[ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing [ ] New [ ] Existing
Culture trumps strategy, every time
2014 NPMA Spring Seminar Value Through Professional Asset Management
Fundamentals: Assurance
Assets fulfill purpose Processes Connection to organizational
objectives Continual improvement Necessary resources
[ ] New [ ] Existing [ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing [ ] New [ ] Existing
What a great wish list!!!
2014 NPMA Spring Seminar Value Through Professional Asset Management
Fundamentals: Value Asset management
objectives align with organizational objectives
Use of a lifecycle management approach
Decision-making processes that reflect stakeholder need and define value
[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
We know lifecycle
Managing the Organization
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
ISO 55001: Requirements
2014 NPMA Spring Seminar Value Through Professional Asset Management
ISO Definition ofManagement System
Management System – Set of interrelated or interacting elements of an organization to establish policies and objectives, and processes to achieve those objectives
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[ ] New [ ] Existing
2014 NPMA Spring Seminar Value Through Professional Asset Management
Asset Management System
• The Organization• Leadership• Plans• Support• Operation• Performance Evaluation• Improvement
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Now we are into the ISO 55001 requirements.
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Organization Stakeholders, not just
shareholders
Scope – what assets are included?
System interfaces
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[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
Scope is the critical discussion
2014 NPMA Spring Seminar Value Through Professional Asset Management
Leadership Top management involvement Continual improvement AM integrated with business
processes Adequate resources available Establish an Asset
Management Policy Alignment with organizational
strategic plan
[ ] New [ ] Existing
[ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing [ ] New [ ] Existing
[ ] New [ ] Existing
Challenging
2014 NPMA Spring Seminar Value Through Professional Asset Management
Plans Establish an Asset
Management Plan
Measurable objectives
Risk management
Monitored and communicated
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[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
A great strength
2014 NPMA Spring Seminar Value Through Professional Asset Management
Support Provide necessary
resources Assure competence of
people doing the work Awareness Information requirements Documentation
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[ ] New [ ] Existing
[ ] New [ ] Existing
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An important role for the NPMA
2014 NPMA Spring Seminar Value Through Professional Asset Management
Operation Process control
Change management
Control of any outsourced activities
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[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
Subcontracting expertise
2014 NPMA Spring Seminar Value Through Professional Asset Management
Performance Evaluation Monitor and measure
Analysis and evaluation
Internal audit
Management review
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[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
Why another one???We know audits!!!
2014 NPMA Spring Seminar Value Through Professional Asset Management
Improvement Nonconformity and
corrective action
Preventive action
Continual improvement
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[ ] New [ ] Existing
[ ] New [ ] Existing
[ ] New [ ] Existing
What does improvement have to do with compliance???
Managing the Organization
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 assetmanagement system
Wow, only now are we finally getting to the assets!?!
2014 NPMA Spring Seminar Value Through Professional Asset Management
Government Contract Property
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Where do we stand?
2014 NPMA Spring Seminar Value Through Professional Asset Management
Connections to ASTM E53 Standards Tactical management standards
• Equipment Control Matrix• Outcomes• Maturity Model
Lifecycle process standards• Physical Inventory Verification• Receiving, tagging, transfer, etc.
A firm grounding in VCSs
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Good News! We 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
Now let’s revisit ….
2014 NPMA Spring Seminar Value Through Professional Asset Management
More Good News!! Centralized, system level approach
Excellent Asset Management registries
Established systems for Asset Management
A record of success
2014 NPMA Spring Seminar Value Through Professional Asset Management
Still More Good News!!! Documented policies and procedures
That are being followed!
Historical transaction data
Plans
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Delta Top Management visibility and impact
Scope
Integration
Managing vs. controlling
Manage the Delta
2014 NPMA Spring Seminar Value Through Professional Asset Management
The Beginning!
Will it be for you?