Abstract
The main objective of this chapter is to suggest a methodology for the application of ISO 55000 for a water utility in order to obtain all the benefits of asset management from the starting point of application. In addition, risk is an important part of this methodology, so it also complies with the clauses of ISO 31000. The methodology consists of six steps to be carried out: plan (1), implement (2), risk management (3), monitor (4), analyze (5) and make decisions and improvements (6). The application of this methodology is an iterative process in which the information obtained is going to be used in the previous and subsequent steps so that its benefits are greater as time goes by. At each point in the guide, the actions to be taken in compliance with the clauses and sub-clauses of ISO 55001 will be proposed along with some documents so that companies have a clearer idea of how to proceed.
TopIntroduction
This chapter comes from the Final Master Thesis of Pablo Zahera Bunes, industrial engineering master student, in collaboration with Vicente González-Prida, being a synthesis of the main content of this work.
The main objective of the chapter is to suggest a methodology for the application of ISO 55000 (ISO 55000, 2014), taking as an example a water utility because, due to the kind of activity it performs, the benefits of asset management are obvious, as well as the use of the author’s professional experience.
The methodology followed consists of the application of a PDCA cycle (Plan Do Check Action) suggested by the International Cupper Association (ICA, 2015), complying with each clause of the standard and highlighting the actions to be taken in the water utility case.
The methodology is composed of 6 steps: Plan (1), implement (2), risk management (3), monitor (4), analyze (5) and decision-making and improvement (6) where:
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Step 1 is the asset management planning and it is the P of PDCA cycle.
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Step 2 and step 3 are the development of the system as the D of PDCA cycle.
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Step 4 and step 5 represents the verification process, where the asset life cycle is analyzed, being the C of the cycle.
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Step 6 consists on the improvement action for the system and it refers to the A in PDCA cycle.
As it shows in the following figure:
Figure 1.
Asset management system methodology. Steps of application.
The application of this methodology is an iterative process where the information obtained is going to be used in previous and subsequent steps so its benefits will be greater as time goes by.
At each point in the guide, the measures to be taken in compliance with the clauses and sub-clauses of ISO 55001 (ISO 55001, 2014) will be suggested along with some documents to give companies a clearer idea of how to proceed.
Top1. Plan The Organization’S Management
This is the first logical step to be carried out during implementation. It is also the longest and most important part because it will allow the next steps to be done properly. It includes clauses 4 and 5 of ISO 55000 (ISO 55000, 2014).
Key Terms in this Chapter
Methodology: A system of broad principles or rules from which specific methods or procedures may be derived to interpret or solve different problems within the scope of a particular discipline.
Life cycle: Stages involved in the management of an asset.
Asset: Item, thing, or entity that has potential or actual value to an organization.
Performance: The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed.
Context: To establish the context means to define the external and internal parameters that organizations must consider when they manage risk.
Implementation: The act of implementing or putting into effect; fulfillment.
Critical Asset: Having potential to significantly impact on the achievement of the organization’s goals.
Monitoring: Supervising activities in progress to ensure they are on-course and on-schedule in meeting the objectives and performance targets.
Management System: Set of interrelated or interacting elements of an organization to establish policies, objectives, and processes to achieve those objectives.
Utility: Large firm that owns and/or operates facilities used for generation and transmission or distribution of electricity, gas, or water to general public.
Risk: Effect of uncertainty on objectives.