Asset management. Network Rail's obligations to provide asset management processes, policies and information are set out in licence condition 1, in particular conditions 1.19 to 1.22. 1.19 In complying with the general duty in condition 1.2, the licence holder shall; develop the policies and criteria it will apply in respect of the maintenance, renewal, replacement, improvement, enhancement and development of the relevant assets, which shall demonstrate how the licence holder will comply with the general duty in condition 1.2;apply those policies and criteria; andmake appropriate information about those policies and criteria readily accessible to persons providing services relating to railways and funders, including potential providers and potential funders. 1.20 The licence holder shall maintain appropriate, accurate and readily accessible information about the relevant assets, including their condition, capability and capacity Current issues.
IAM - The Institute of Asset Management. Users of PAS55 attribute the following benefits to their business: Enhanced customer satisfaction from improved performance and control of service delivery.
The ability to achieve and demonstrate best value-for money. Improved risk management and corporate governance - with a clear audit trail. Optimized return on investment and/or growth. Improved health, safety and environmental performance. IAM - The Institute of Asset Management. Compliance with PAS55 Please note that it has come to our attention that claims appear on some websites and promotional materials that organisations can offer or are authorised to offer certification or assessment services that are in some way approved by the IAM.
This is not the case - in fact, a fundamental reason for introducing the Endorsed Assessor Scheme is to give some guidance to potential clients and to identify providers whose staff know about asset management. PAS55 Assessment Methodology The PAM is available as a free download - Paying Members Only. Endorsing PAS 55 – a standard for asset management. Managing infrastructure often means managing conflicting drivers to meet the requirements of regulators, shareholders, customers and staff, whilst considering financial, risk, technical performance and sustainability factors/issues.
Many companies cannot demonstrate or assess how well asset management is being carried out to achieve the appropriate balance of these corporate objectives. PAS 55 provides a way for infrastructure managers to assess their own performance against a set of global criteria for asset management practice. This provides assurance that the policies and practices in place are appropriate and identifies areas that require attention when compared to the agreed industry standard. So what is it? PAS 55 Part 2 gives guidance on asset management and application of PAS 55-1. PAS 55 is part 1 of the standard for asset management - specification for the optimized management of physical assets. UPDATE: Since its publication in 2004, PAS 55 has been an international success story.
That’s why we’ve transformed it to become an international standard, which will soon be available in three parts: ISO 55000 provides the overview, concepts and terminology for Asset ManagementISO 55001 specifies the requirements for an effective Asset Management SystemISO 55002 offers interpretation and guidance for such a system to be implemented. PAS 55 is applicable to any organization where physical assets are a key or critical factor in achieving its business goals. 090622_pas_55_white_paper_6815_tiw14035usen00_final. Lloyd's Register Group - Asset Management Services: PAS 55. BSI-PAS 55, a recognised standard for Asset Management The Lloyd’s Register Group has worked closely with the British Standards Institution (BSI) and the Institute of Asset Management to develop a publicly available specification for Asset Management for the PAS 55 standard, and contribute towards establishing a shared understanding and common approach across industry sectors through the implementation of the software system.
The Lloyd’s Register Group worked closely with the British Standards Institution (BSI) and the Institute of Asset Management to develop the publicly available specification for Asset Management, PAS55. Our aim is to contribute towards establishing a shared understanding and common approach in achieving an organisation's objectives across industry sectors through the implementation of the PAS55 standard. How we provide PAS 55 software services We have a long history of involvement in management systems assessments. PAS 55. PAS 55 - Optimal management of physical assets was a Publicly Available Specification published by the British Standards Institution.
It has been superseded by ISO 55000 series of Asset Management standards.[1][2] This PAS gives guidance and a 28-point requirements checklist of good practices in physical asset management; typically this is relevant to gas, electricity and water utilities, road, air and rail transport systems, public facilities, process, manufacturing and natural resource industries. It is equally applicable to public and private sector, regulated or non-regulated environments. PAS 55 is getting a lot of interest and shows promise to become a defacto world-wide specification for any organizations seeking to demonstrate a high level of professionalism in whole life cycle management of their physical assets.
The standard is split into two parts: It is also accompanied by a comprehensive Competencies Framework for asset managers. References[edit] External links[edit] Pas55. Asset_Management_Council_0902_Tonysakerpresentation_2008. A-Publicly-Available-Specification-for-the-Management-of-Physical-Assets.