Understanding and complying with ISO 55001: Planning

The final part, in this 3 part series, focuses on planning and steps to take to ensure compliance with ISO 55001.

05/04/2015


The final part, in this 3 part series, focuses on planning and steps to take to ensure compliance with ISO 55001. Asset management plans are documents that translate the asset management policy into actions or tasks, including resource requirements and timelines, for a specific asset in order to mitigate identified risks and achieve the stated value and stakeholder defined objectives. Section 6 – Planning – of ISO 55001 lists the requirements associated with defining asset management objectives and, planning to achieve the asset management objectives.\

When defining your asset management objectives, the focus should be on four equal but unique business categories relative to your stakeholder requirements:

  • Finance
  • Customers
  • Community
  • Employees

Objectives should be balanced in order to drive performance improvement in two equal directions, the financial health of the business and overall image of the business.

Financial growth is based on the organization’s ability to reduce the cost of operating through focused improvements in overhead, maintenance and material costs. Financial growth is also reliant on the business’s ability to improve capacity through higher levels of availability, production rate and quality. These capacity improvements must be balanced by customer demand.

Image growth, on the other hand, is based on the organization’s ability to develop intellectual capital within its own business through training, strength-based organizational structures and performance management, and the business’s ability to expand its license to operate within the community based on environmental, health and safety performance.

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

  • Demonstrate that risk-based methodologies are used when planning the design, implementation, operation, support and improvement of the asset management system.  Risk refers to stakeholder requirements and the impact that the asset management system has on these objectives, such as resource utilization and cost.
  • Demonstrate that each and every business function within the asset management system has specific and verifiable asset management objectives that align to the overall Strategic Asset Management Plan and stakeholder objectives.
  • Demonstrate that each asset management plan is derived from a risk-based methodology and specifies the type of task needing to be performed, the individual skill or competency required to complete the task, the frequency at which the task will be performed and the method of determining if a completed task complies with the intended outcomes.
  • Demonstrate that financial risks considered during the design and implementation of asset management plans include life cycle costs and residual risks at the end of the life cycle period.

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.
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.
October 2018
Tools vs. sensors, functional safety, compressor rental, an operational network of maintenance and safety
September 2018
2018 Engineering Leaders under 40, Women in Engineering, Six ways to reduce waste in manufacturing, and Four robot implementation challenges.
July/Aug
GAMS preview, 2018 Mid-Year Report, EAM and Safety
October 2018
2018 Product of the Year; Subsurface data methodologies; Digital twins; Well lifecycle data
August 2018
SCADA standardization, capital expenditures, data-driven drilling and execution
June 2018
Machine learning, produced water benefits, programming cavity pumps
Spring 2018
Burners for heat-treating furnaces, CHP, dryers, gas humidification, and more
October 2018
Complex upgrades for system integrators; Process control safety and compliance
September 2018
Effective process analytics; Four reasons why LTE networks are not IIoT ready

Annual Salary Survey

After two years of economic concerns, manufacturing leaders once again have homed in on the single biggest issue facing their operations:

It's the workers—or more specifically, the lack of workers.

The 2017 Plant Engineering Salary Survey looks at not just what plant managers make, but what they think. As they look across their plants today, plant managers say they don’t have the operational depth to take on the new technologies and new challenges of global manufacturing.

Read more: 2017 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.
Material Handling
This digital report explains how everything from conveyors and robots to automatic picking systems and digital orders have evolved to keep pace with the speed of change in the supply chain.
Electrical Safety Update
This digital report explains how plant engineers need to take greater care when it comes to electrical safety incidents on the plant floor.
IIoT: Machines, Equipment, & Asset Management
Articles in this digital report highlight technologies that enable Industrial Internet of Things, IIoT-related products and strategies.
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.
Design of Safe and Reliable Hydraulic Systems for Subsea Applications
This eGuide explains how the operation of hydraulic systems for subsea applications requires the user to consider additional aspects because of the unique conditions that apply to the setting
click me