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Are you ready for: PAS 55 and ISO 55000 ? Maximo is !!!

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Are you ready for: PAS 55 and ISO 55000 ? Maximo is !!!


The objective of this post is to bring awareness of an important topic for the EAM community that is being heavily discussed on the organizations Engineering forums but not as much as it should on the Asset  Management organizations IT departments when going for EAM IT vendors.
For those following the standards for Asset Management industry know that PAS 55 and ISO 55000 are getting close to become a reality and so are you ready to certify or get your customer certified ? For those running their EAM processes in IBM Maximo the good news is you have what it takes to get there once your processes match the ISO55000 pre requisites.  
PAS 55 is becoming internationally accepted as the industry standard for quality asset management. The standard acts as a valuable guideline for asset lifecycle management, quality control, and compliance. The PAS 55 asset management standard gives guidance and best practices on asset management and is typically relevant for all asset-intensive industries. PAS 55 defines asset management as “systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their lifecycles for the purpose of achieving its organizational strategic plan.”
So if your organization did not start thinking about ISO55000 it's about the time, In order to be successful, it is vital that this standard be implemented as an integral part of the overall business environment of an organization. Data that should already be available on condition, performance, activities, costs, and opportunities is needed for the foundation of a successful implementation. It is also important that intangible assets are taken into account regarding reputation, image, and social impact. From a financial perspective, information about lifecycle costs, capital investment criteria, and operating cost is essential. The human-asset perspective is necessary to get a good view of motivation,expertise, and roles and responsibilities of the people and leadership teams involved within the organization.
PAS55 and would just benefit your organiztion if the process are in place and you have a strong asset management culture and processes.With that in hand the data necessary to extract the best to guide your C-Level executive discussions will be handy and centralized on Maximo regarding all the pilars for PAS55:

IBM Maximo is a step ahead on PAS55 physical assets position in classes. The standard is focused on all types of assets, varying from critical or strategic physical assets to human assets. The physical assets are positioned in the following four classes:

● Plant and production (oil, gas, chemicals, pharmaceuticals, food,
electronics, power generation)
● Infrastructure (railways, highways, telecommunications, water and
wastewater, electric and gas distribution)
● Mobile assets (military, airlines, trucking, shipping, rail)
● Real estate and facilities (offices, schools, hospitals)
So what PAS 55 is about and what are the benefits ?

PAS 55 is designed to help organizations display full asset management competence by meeting a particular set of requirements. Requirements address “good practices” rather than “best practices” in each area. All applied processes must be effective and must require evidence of what is being done and why. The standard is non-prescriptive—as in standards like the International Organization for Standardization (ISO) 9001, ISO 14001, or Occupational Health and Safety Assessment Series (OHSAS) 18001. All elements of the standard framework need to be covered in the process.
The PAS 55 standard can benefit companies not only from the regulatory point of view, but also to help them gain competitive advantage by ensuring that they are effectively managing their assets. Using this standard methodology for comprehensive asset management can drive cost savings and service improvement.
With that said IBM Maximo is ready and aligned 100% with PAS55 requirements and best practices that goes beyond being compliant or not but demonstrate the asset management maturity of your organization and let you take the next step into asset management that is listening to your data and making smarter decisions based on what your assets history is telling you. On the next post we will be handling the theme: Are you listening to your data ??

Hope you enjoy de reading and more to come soon, for questions and inputs please contact-me:
Reference Material:
IBM Enabling the benefits of PAS 55: The new standard for asset management in the industry June 2009

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