ACCELERATING ISO 55000 COMPLIANCE FOR INTEGRATED ASSET MANAGEMENT

Identify core business goals for the implementation of ISO 55000

- Understand how the ISO Standards align with key business principles and can support your organisation’s desired business outcomes

- Develop a clear vision for the business and convey this to all relevant stakeholders

- Identify how and why different business functions integrate with the management of assets to achieve the desired business outcomes

- Develop the right leadership framework to successfully engage with staff to build a set of key actions

Create an action plan for the rollout of new standards

- Use a gap analysis approach to identify where the business stands in relation to future intended outcomes

- Review and understand gap analysis information to identify strength areas and areas for development

- Create training and competency frameworks for relevant staff to ensure compliance with the new standards

- Utilise feedback from staff to increase the effectiveness of training and internal processes

Change management

- Identify the transformational leadership style you need to enable you to lead the implementation of ISO 55000

- Set benchmarks and measures to monitor change progress and keep staff on track

- Develop strategies to enlist the active support of other senior managers of your organisation in the transformational change

- Develop communication strategies to keep staff up to date with the transformation and their role within it

Drive asset efficiency through effective design and contracting measures

- Engage internal and external stakeholders with the full change process to build a common vision

- Develop processes that consider whole-of-life issues during asset planning and acquisition that deliver the desired balance of cost, risk and asset performance

- Develop a risk-based, data-driven approach that will assure the financial viability of an asset

- Develop asset management strategies (planning and execution) that provide assurance of financial outcomes and the required asset service levels/outputs

Costing and financing to maximise asset ROI

- Explore different contractual (internal and external) arrangements to manage maintenance expenditure without compromising asset performance or safety

- Utilise financial and failure data to inform the planning, management and maintenance of assets

- Develop maintenance plans (OPEX) that meet ROI requirements

- Evaluate existing internal asset planning processes (CAPEX) to determine how they deliver ROI requirements

Frameworks to drive compliance after ISO 55000 implementation

- Develop and use KRAs and KPIs developed for specific business units

- Track and monitor compliance, using data to develop better processes

- Develop techniques to help staff understand their individual and team role for ISO compliance

- Strengthen asset information collection systems to improve the ongoing performance of assets

- Develop an ISO compliant asset management culture

Learn from asset failures

- Understand internal and external responsibilities for the management of risk

- Develop decision-making criteria for use when developing asset management and maintenance plans

- Establish frameworks for investigating inefficiency or in-effectiveness

- Minimise losses by being proactive and taking charge of the situation

- Use audits and feedback from multiple stakeholders to identify and avoid potential hazards early on

The next step – Develop a plan to accelerate ISO 55000 implementation

- Summarise the core components of the two-day course

- Open discussion: Formulate an ISO 55000 implementation action plan and associated KPIs

- Open discussion: Exploring the challenges faced by individual businesses and organisations

- Open discussion: Create a step by step guide for implementing new standards and engaging staff with the changes