MSC Technical Sessions

TS5A: Sustainable Asset Management (ISO 55000)

March 23, 2018 8:45 am - 10:00 am

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Many directors & analysts think “Asset Management” is all about corporate mergers & acquisitions, Return on Capital Employed and ‘asset stripping’. Others have grabbed the phrase to mean ‘more professional maintenance’, or ‘equipment tagging and tracking’, or ‘asset information & work management software’. A reveiw and discussion around key elements of ISO 55000, 55001 & 55002, to clear the air a bit and define what a joined-up physical asset management system needs to include. It requires a life cycle view and optimal mixture of capital investments, operations, maintenance, resourcing, risks, performance and sustainability, and it is already being adopted by industry regulators as a checklist of good governance. This presentation looks at the emerging science and jigsaw puzzle of strategic asset management, and how we can join up some of the most important pieces.