A selection of Case Studies, White Papers, Articles and Latest News available to review and download
Guidance on the alignment of financial and non-financial functions in asset management launched
ISO TS 55010 “Guidance on the alignment of financial and non-financial functions in asset management” was launched on the 17th of September 2019. Created to assist organisations improve alignment between the financial and non-financial functions. The specification will benefit organisations seeking to balance cost, risk and performance by providing greater clarity around informed decision making and linkages between top management and operations. Longer term planning and how organisational alignment across multiple directions feature to facilitate informed decision making. The guidance will be available to purchase later this year.
ISO/TC 251 held its latest meeting in Nanjing, P.R. China
The ISO/TC 251 committee held its 7th meeting in May 2019 in Nanjing, P.R. China.
Ballots for ISO/DTS TS 55010 Guidance on alignment of financial and non-financial functions in asset management and ISO/CD 55011.2 Asset management – Guidance for public policy makers had been conducted prior to the meeting and received approval, together with comments and suggested improvements.
ISO/DTS 55010 is planned for publication in Q3/2019 and ISO/CD 55011.2 anticipate it will be released to DIS by November 2019.
NEW ISO 55002:2018 updates published
NEW ISO 55002:2018 was launched at the 6th meeting of the ISO/TC 251 held on 15 – 19 October 2018 in Amersfoort, The Netherlands
The key updates;
- Provide much clearer guidance to successfully implement ISO 55001
- Incorporate the experience of 31 countries spanning four years in implementing asset management systems
- Are based on the actual journeys, challenges and experiences of successful early adopters of the standard
Learn more about BS ISO 55002:2018 here
White Papers & Articles
ISO 55000 | An Introduction
This document is a brief explanation of the current status and developments in standards for asset management. Outlining the PAS 55 and ISO 55000 sets of requirement specification and explains the similarities and differences between them.
Setting a good standard for Asset Management
There is accelerating international interest, debate and development in management of business assets over their life cycles. This article examines the surprises, opportunities and a growing consensus about what needs to be done.
The meaning of life (cycle)
What is an asset lifespan? What do we mean when we say ‘life cycle’. and ‘whole planning’? John Woodhouse, Chair of the Experts Panel for the IAM and Managing Director of the Woodhouse Partnerships outlines the issues and some of the options being considered.
Setting the right standards in asset management
The continuing growth of international interest, debate and activity in our Institute’s core subject subject of joined-up, whole lifecycle, optimised asset management is very encouraging. However, there is still much work to be done, find out more in this article.
A decade of fruitful Asset Management in CLP
While achieving PAS55 certification in 2007 and 2010 China Light & Power (Power Systems Business Group) attained 90% reduction in Customer Minutes Lost (CMLs), while responding to a 20% load growth, expanding its asset base by 25% and simultaneously reducing charging tariffs.