An introduction to PAS55 - University of Albertaapic/uploads/Forum/Introduction to PAS55.pdf · An...

© The Woodhouse Partnership Ltd 2012

An introduction to PAS55

Joining up the jigsaw puzzle….

John Woodhouse

TWPL


What is (good) Asset Management?

‘Sweating’ the assets?

Maintaining them?

Purchasing or creating the right

assets in the first place?


And ‘solutions’ are very confusing!

Asset history & data analytics

TOFD

Insulation

Testing

RCA

Oil Analysis

Network/system performance

simulation

MBO LP modelling DCS/TDC


Capital Investment,

Design & Projects

WORK

ADMIN

Preventive, Detective

& Corrective WORK

Work programme

SCHEDULING

Data Collection

Inspection

& CBM Problem/Opp’ty

INVESTIGATION

EVALUATION

of Solutions

CHANGE

Mgmt

$ $

$ $

$ £

£ £ £ £ £ £

CONTINUOUS

IMPROVEMENT

cycle

Problem/Opp’ty

IDENTIFICATION

External

reporting

Operating &

Maintenance

Strategies

Asset Management processes

Resource PLANNING

& Work DEFINITION

Materials

RESOURCE

ADMIN

Labour


Vital ‘lubricants’

1. People – Understanding, education, skills

– Team-working (esp. cross-functional)

– Leadership & communication

2. Data, information & knowledge – Objectivity/consistency (‘single source of truth’)

– Quality requirements linked to usage & sensitivity

– Handling of tacit knowledge & uncertainty

3. Asset risk understanding & management – Criticality & business value clarification

– Correct handling of interdependent risks


BSI PAS 55 checklist of good practices

1st published May 2004

Part 1: Requirements specification

Part 2: Implementation guidance

2006: IAM Assessment Methodology

2007: Ofgem requirement in UK

2008: Update 50 organisations 15 industry sectors 10 countries 1300 suggestions!

2009: Spanish version

2012: French, Chinese, Russian, Portuguese versions

2014: ISO 55000… 26 countries participating

Specification for optimised management of physical assets


Hierarchy of assets & systems

Corporate/

Organization

Management

Manage Asset Portfolio

Manage Asset Systems/Networks

Manage individual Assets over their Life Cycles

PAS 55 Asset

Management

System

Activities:

efficiency &

effectiveness

System performance,

cost & risk optimization

Capital investment optimization

and sustainability planning

Keeping stakeholders happy

System performance,

cost & risk control

Portfolio investment

performance & compliances

Typical priorities & ‘values’


4.3 Asset management strategy,

objectives & plans 4.3.1 Asset management strategy

4.3.2 Asset management objectives

4.3.3 Asset management plans

4.3.4 Contingency planning

4.4 Asset management enablers & controls 4.4.1 Structure, authority & responsibilities

4.4.2 Outsourcing of asset management activities

4.4.3 Training, awareness & competence

4.4.4 Consultation, participation & communication

4.4.5 Asset management system documentation

4.4.6 Information management

4.4.7 Risk management

4.4.8 Legal & other requirements

4.4.9 Management of change

4.6 Performance assessment &

improvement 4.6.1 Performance & condition monitoring

4.6.2 Investigation of asset-related failures,

incidents & nonconformities

4.6.3 Evaluation of compliance

4.6.4 Audit

4.6.5 Improvement actions

4.6.6 Records

4.7 Management review

4.1 General requirements

4.2 Asset management policy

4.5 Implementation of AM plans 4.5.1 Life cycle activities

4.5.2 Tools, facilities & equipment

Plan

Do Check

Act

PAS 55:2008

Management

System

Structure

Structure of PAS 55:2008


Asset Life Cycle

Plans

Asset Management

Objectives &

Strategies

Asset Management Policy

Organization Strategic Plan

Co

ntin

ual im

pro

vem

en

t C

on

tin

ual

imp

ro

vem

en

t

Renew/Dispose

Maintain

Utilize

Acquire/Create

Operation & Control of Life Cycle Activities

A Management System for AM

Asset Management Resources, Processes,

Competencies,

& Technologies

Development Plan for

AM capabilities

Draft for ISO 55000


Integrated

Risk-based

Optimized Systemic

Sustainable Systematic

Holistic

(cross disciplinary)

PAS 55: Key principles

These adjectives are critical – otherwise we are merely ‘managing’ assets


Assessments & certification against PAS 55

• IAM objective maturity scale

• Stakeholder confidence (evidence of good governance)

• Prioritising & coordinating improvement plans

• Regulatory requirements

• Benchmarking & good practices sharing


AM Maturity Development Roadmap

Corporate goals

& objectives

Existing projects

& initiatives


A Typical Resulting Roadmap

Asset needs,

constraints &

opportunities

Asset Management

assessment results

Quick (<12 months)

Slow (3-5 yrs)

<2 2-5 >5

Urgency & value

Value (benefits/costs)

AM

Ro

ad

ma

pp

ing

wo

rks

ho

ps

Stuff that is already good (protect & spread)

+ possible things to do/improve


Who needs to know what, and why

Business Managers

Operators & Maintainers

Engineers & Technical

Specialists

Work Responsibility

HOW

WHAT, WHEN

WHY

Competitive edge features

Attention to detail, teamwork,

continuous improvement

Strategy methods & reliability concepts

understanding

Clear directional vision, visible & sustained

commitment/support New hybrid:

“Asset Manager”


IAM Competencies Framework

Commissioning, training and handover

Major projects management &

programme coordination

Purchasing

Chosen assets: whole life planning &

performance criteria

Business Case preparation, evaluation

& investment decision-making

Design/solution optioneering

Life Cycle Costing tools & evaluation

Business needs analysis incl R&D,

demand forecasting

Able to prepare a business case that clearly presents the cost, benefits and risks of proposed and alternative

solutions, including whole life impact in a manner appropriate to audience. Ensures that asset selection

decisions are based on whole life optimal combination of the various competing drivers. Able to prioritise and

rank investment projects by their total business impact (criticality).









Foundation Level Professional Level

Mastery Level

7 areas: 44 topics…

• Requirements specification

• Assessment framework

• Roles & responsibilities (incl. teams)

• Training & recruitment

www.assetmanagementacademy.com

Blended learning:

e-learning,

classroom,

workplace,

assignments

Professional

Accreditation


Typical results: oil rig operating costs


Performance gains at the same time…

(production uptime)

YearlyAverage Uptime

60

65

70

75

80

85

90

95

100

105

1994 1995 1996 1997 1998 1999

Year

% u

pti

me

Increased production uptime (5 platforms in N.Sea)


5,000

5,500

6,000

6,500

7,000

50,000

60,000

70,000

80,000

90,000

0

10

20

30

40

70

75

80

85

90

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Fixed

Asset

(HK$M)

Customer

Minutes

Lost

(minutes)

Avg Tariff

(HK Cents

per kWh)

Rising demand by 40%

Growing asset base

+40%

Improving system

reliability by 90%

Providing value to

customers: costs

down by 20%

Local

Demand

(MW)

China Light & Power (CLP)

9-year programme: 3 cycles x 3 years asset management roadmap

Full case study at: www.twpl.com/?page=CaseStudies

PAS55

certified

http://www.twpl.com/?page=CaseStudies


No ‘magic formula’ but the prize is big and

there is increasing experience and help available

Thank you….

www.PAS55.net www.ISO55000.info

www.SALVOproject.org www.theIAM.org

www.twpl.com

http://www.pas55.net/

http://www.iso55000.info/

http://www.salvoproject.org/

http://www.theiam.org/

http://www.twpl.com/

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