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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April Replaced By: This PAS has been developed in consultation with a large number of international organizations and individuals from a wide range of industries that are active and proficient in the field of asset management including the Institute of Asset Management IAM. ;as 55 was originally produced in by a number of organisations under the leadership of the Institute of Asset Management.

PAS 55 provides detailed guidance and examples of good practice in all facets of acquiring, owning and ultimately disposing of physical assets. Part 1 of PAS 55 specifies the requirements for an asset management system for the management bxi physical assets and asset systems over their life cycles.

The three international standards Nsiand are important because they represent a global consensus on asset management and what it can do to increase value generated by all organisations.

The following enabling elements are also considered to be essential for the successful implementation of these principles:. Are you looking for an exciting and rewarding career with a stable, team-based and results-oriented organization?

Guidance on alignment of asset management, finance and accounting ISO Moore, PAS Learn more about the cookies we use and how to change your settings. Part 1 is the specification for the optimized management bsk physical assets and Part 2 contains the guidelines for applying the specification. The concept of “value” in asset management The scope of the Asset Management System The Strategic Asset Management Plan Asset management decision-making Risk management in the context of asset management Finance in asset management Scalability of ISO to organizations of all sizes The Institute of Asset Management developed endorsement schemes for recommending competent assessors and training providers.

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Applying PAS 55 can help your organization demonstrate a high level of professionalism in whole life cycle management of its physical assets.

ISO – Wikipedia

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It also describes how to apply the requirements of ISO to the key domains of asset management: Use it to help you:.

PAS 55 – What is it and what’s the next step?

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. If you have not read PAS 55, do yourself and your organization a favor and review it. Worldwide Standards We can source any standard from anywhere in the world.

Compliance provides evidence of systematic, cross-disciplinary and optimised management that correctly blends responses to short-term requirements with the sustainable delivery of long-term goals.

PAS 55-1:2008

Certification against PAS 55 became a regulatory requirement in a number of industries. Over 50 public and private organisations spanning 10 countries and 15 sectors contributed to the specification, along with user feedback. The standard is split into two parts: First issued init has been updated by an international organisation panel covering many different sectors.

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ISO is bsl international standard covering management of assets of any kind. You may experience issues viewing this site in Internet Explorer 9, 10 or Since there is currently no standard on asset management and the approach of this committee 55-1 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.

The PAS gave guidance and a point requirements checklist of good practices in physical asset management ; typically this was relevant to gas, electricity and water utilities, road, air and rail transport systems, public facilities, process, manufacturing and natural resource industries.

It will explain what to do, not how to do it, and finally allow organizations to self-declare conformity. It was equally applicable to public and private sector, regulated or non-regulated environments.

Part 1 – Specification for the optimized management of physical infrastructure assets Part 2 – Guidelines for the application of PAS 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.

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.