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Pass 55 PDF
Pass 55 PDF
Pass 55 PDF
through-life management of
physical assets
PAS 55
John Woodhouse
29th June 2004
JWW 1
The workshop
A Verification scheme.
Discussion
• how shall we use it?
• what next?
Drafting Group
J.Woodhouse, IAM, Chairman
D.Ford, FaberMaunsell, Secretary & Contracts
Stewart Cormie, BSI, Project Manager
Peter Beveridge, BSI, Sub-editor
M.Cottam, Lloyds Register, Technical
M.Mustafa, Lloyds Register, Drafting
Physical
Financial Information
Assets
Assets Assets
Important interface:
Important interface: life condition, performance,
cycle costs, capital activities, costs &
investment criteria, opportunities
operating costs
Intangible
Assets
Important interface:
reputation, image, morale,
constraints, social impact
© The Woodhouse Partnership Ltd 2004 JWW 6
Key principals embodied in PAS 55
• Inclusive
• Whole life
• Optimized
• Risk-based
• Data-supported
• Continuous improvement
• Pragmatic
M Re .6
an vi
& Po l
ag ew
St icy
ra
em
4. teg
4
en
2 y
t
Asset
Management
cking
& System AM
In
asse fo, risk
Che action ssm
ctive 4.5 4.1 & pl
a ent
corre 4.3 nning
Implementation
& operation
4.4
Other
requirements
& systems
Business plans
Asset
Management
System
improvement
Continuous
Optimized AM strategy, objectives,
plans & performance targets
Asset types,
processes,
procedures
& standards
Performance
& condition
monitoring
• Long term
• Consistent with policy & org. strategic plan
• Record of asset systems, functions, performance,
condition, risks & asset criticality
• Action plans, timescales, responsibilities
• Optimized for asset life cycles*
• Periodically reviewed & updated