PAS 55 is the asset management specification – for the optimized management of physical assets. Purchase your copy of PAS as a PDF download or hard copy directly from the official BSI Shop. All BSI British Standards available. Asset Management PAS 55/ISO. -‐ The Sustainable Business. Strategy for Opera4onal Excellence. Asset Management is NOT about. Managing Assets.

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PAS 55-1:2008

Life Cycle Engineering provides engineering solutions that deliver lasting results for private industry, public entities, government bxi and the military. Solutions Life Cycle Engineering is committed to helping you implement solutions that improve performance and meet your objectives.

We develop our solutions and services to meet the specific challenges and requirements of a wide variety of organizations. Are you looking for an exciting and rewarding career with a stable, team-based and results-oriented organization?

PAS 55-1:2003

You may have heard the term PAS 55 and wondered how it applies to you. Inthe British Standards Institute BSIin collaboration with the 551 of Asset Management, released Publicly Available Specification 55 part 1 and 2, which was considered the first internationally recognized specification for Asset Management.

Part 1 of PAS 55 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles. The management of physical assets is inextricably linked to the management of other asset types and these other asset types are considered within the asset management system insofar as bi have a direct impact on the management of physical assets.

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For example, the optimal life cycle management of physical assets is heavily dependent upon information and knowledge, human assets and financial resources, and often has a significant impact on reputation and customer satisfaction. Applying PAS 55 can help your organization demonstrate a high level of professionalism in whole life cycle management of its physical assets.

Use it to help you:. PAS bso asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.

ISO – Wikipedia

British Standards Institution, InPAS and 2 were updated and the groundwork was laid to move this specification into a standard. Since there is currently no standard on asset management and the approach of this committee is to develop a standard that is more business-centric than asset-centric, the new standard will not only pertain to physical assets but to all other organizational assets as well. It will explain what to do, not how to do it, and finally allow organizations to self-declare conformity.

This will require us to develop plant partnerships with our IT peers to collaborate on designing and configuring our management information systems to support asset management best practices. If you have not read PAS 55, do yourself and your organization a favor and review it.

Part 1 is the specification for the optimized management of physical assets and Part 2 contains the guidelines for applying the specification. If you are familiar with Reliability and Operational Excellence, this specification will not be new to you; actually, it will be common sense. Bxi see the path of creating this standard as making common sense common practice as Ron Moore explains in his book by that title.

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Specification for the optimized management of physical assets. Oas Company Company Life Cycle Engineering provides engineering solutions that deliver lasting results for private industry, public entities, government organizations and the military.

PAS 55 – What is it and what’s the next step? — Life Cycle Engineering

Industries We develop our solutions and services to meet the specific challenges and requirements of a wide variety of organizations. Careers Are you looking for an exciting and rewarding career with a stable, team-based and results-oriented organization? The standard is split into two parts: Part 1 – Specification for the optimized management of physical infrastructure assets Part 2 – Guidelines for the 55-1 of PAS Bis 1 of PAS 55 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles.

Use it to help you: British Standards Institution, InPAS and 2 were updated and the groundwork was laid to move this specification into a standard. Moore, PAS Specification for the optimized management of physical assets Works Cited British Bi Institution. Making Common Sense Common Practice.