Understanding and complying with ISO 55001: Leadership

Part 2 in the 3 part series focuses on leadership requirements of asset management.

04/17/2015


Part 2 in the 3 part series focuses on leadership requirements of asset management. The asset management system translates organizational objectives, relative to value, into technical and financial decisions by way of:

  • Policies,
  • Plans,
  • Processes,
  • Organizational structures, and
  • Resources.

Asset management policies formally express “Top Management’s” intentions and direction within an organization as governing principles or guidelines by which the asset management system should be administered. Top Management refers to those individuals or roles that have the power to delegate authority and provide the necessary resources within the management system.

Asset management plans are documents that translate policy into actions or tasks, including resource requirements and timelines, for a specific asset in order to achieve the stated value and organizational objectives.

After establishing the organizational context for asset management, ISO 55001 defines the leadership requirements. Leadership and culture are determining factors when considering the organization’s ability to administer the asset management system and achieve the organizational objectives, relative to value. Leadership activities include, but are not limited to:

  • Defining roles, responsibilities and authorities,
  • Allocating resources,
  • Ensuring stakeholders are aware, competent and empowered, and
  • Aligning the asset management system with stakeholder requirements.

Here are some steps to take to maximize your asset management:

  • Demonstrate by way of formal meeting agendas and communication schedules the means by which Top Management integrates the asset management system with other management systems within the organization.
  • Demonstrate through documented processes that Top Management is required to participate in setting policies and making decisions that impact asset management objectives. A documented asset management policy should exist that is formally endorsed or authorized by Top Management.  This policy should be governed and administered similar to other organizational policies.  The policy includes core asset management principles, role descriptions, decision making frameworks, risk management frameworks and governance structures, including the date and frequency of a formal policy review.
  • Demonstrate that the necessary level of responsibility and authority has been assigned to the asset management system.  Responsibility refers to the accountability of an individual for a specific outcome, and authority refers to the legitimacy of an individual to manage or govern within a function of the asset management system. The Asset Management Policy should include an organizational chart and "RASI" or "RACI" that clearly illustrates which individuals are responsible and have the authority for each function within the asset management system.

You can see the original article here. Eruditio is part of the content partner program with CFE Media. Edited by Anisa Samarxhiu, Digital Project Manager, CFE Media, asamarxhiu@cfemedia.com



Top Plant
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2017 Top Plant.
Product of the Year
The Product of the Year program recognizes products newly released in the manufacturing industries.
System Integrator of the Year
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
May 2018
Electrical standards, robots and Lean manufacturing, and how an aluminum packaging plant is helping community growth.
April 2018
2017 Product of the Year winners, retrofitting a press, IMTS and Hannover Messe preview, natural refrigerants, testing steam traps
March 2018
SCCR, 2018 Maintenance study, and VFDs in a washdown environment.
April 2018
ROVs, rigs, and the real time; wellsite valve manifolds; AI on a chip; analytics use for pipelines
February 2018
Focus on power systems, process safety, electrical and power systems, edge computing in the oil & gas industry
December 2017
Product of the Year winners, Pattern recognition, Engineering analytics, Revitalize older pump installations
Spring 2018
Burners for heat-treating furnaces, CHP, dryers, gas humidification, and more
April 2018
Implementing a DCS, stepper motors, intelligent motion control, remote monitoring of irrigation systems
February 2018
Setting internal automation standards

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

The Maintenance and Reliability Coach's blog
Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
One Voice for Manufacturing
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 Maintenance and Reliability Professionals Blog
The Society for Maintenance and Reliability Professionals an organization devoted...
Machine Safety
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
Research Analyst Blog
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Marshall on Maintenance
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
Lachance on CMMS
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
Maintenance & Safety
The maintenance journey has been a long, slow trek for most manufacturers and has gone from preventive maintenance to predictive maintenance.
Industrial Analytics
This digital report explains how plant engineers and subject matter experts (SME) need support for time series data and its many challenges.
IIoT: Operations & IT
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Randy Steele
Maintenance Manager; California Oils Corp.
Matthew J. Woo, PE, RCDD, LEED AP BD+C
Associate, Electrical Engineering; Wood Harbinger
Randy Oliver
Control Systems Engineer; Robert Bosch Corp.
Data Centers: Impacts of Climate and Cooling Technology
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
Safety First: Arc Flash 101
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
Critical Power: Hospital Electrical Systems
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me