ISO 55000: An insider’s perspective

With the upcoming release of the ISO 55000 series standards on asset management from the International Organization for Standardization, the world’s largest developer of international standards, there has been much discussion on what the standards are all about.


As a member of the ISO/PC 251 committee, I was part of the three-year effort to build the standard and can offer a glimpse into its status, future, and how it could improve the physical asset management industry.

We are currently waiting on the result of the vote from the ISO members to see if the ISO 55000 documents will be accepted. This has allowed time to reflect on how much the field of asset management has changed. The publication of PAS 55 in 2004 assisted large infrastructure organizations to optimize the management of physical assets, resulting in significant benefits to the organizations and their stakeholders.

With the anticipation that the ISO 55000 standards will be published within the next several months, what other organizations will benefit? Could the ISO standards help struggling organizations stabilize and prosper by ensuring their assets deliver maximum value? Will manufacturers see a competitive advantage by implementing an asset management philosophy? Will people in developing countries raise their standard of living due to having reliable infrastructure facilitated by asset management? Time will tell, but all members of the ISO/PC 251 committee feel we have made a significant contribution to the field of asset management that organizations can build on for years to come.

Since the completion of the FDIS documents, there have been conversations within the ISO/PC 251 committee on changing the committee from a project to technical committee. The reason for this is twofold. The first aspect is that members felt that added content may need to clarify concepts such as how do you link a technical to financial registers. The other aspect was working with a team as motivated and knowledgeable as ISO/PC 251. The exchange of information, insight into other industries, and perspective from different cultures was an elixir for anyone involved in asset management.

Many members feel by staying organized we can build on the momentum we have created, further promoting the needs of the asset management community. A final decision will need to be made by the publication of the ISO 55000 standards.

Scott Morris, CMRP, Associate Director, Global Engineering at Genzyme and Vice Chairman of the U.S. delegation for the development of the ISO 55000.

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Sister act: Building on their father's legacy, a new generation moves Bales Metal Surface Solutions forward; Meet the 2015 Engineering Leaders Under 40
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Building high availability into industrial computers; Of key metrics and myth busting; The truth about five common VFD myths

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.