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Review
Why PAS 55?
What can it do?
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Challenges
What assets do you have?
Where are they?
What condition are they in?
What value do they contribute?
How accurate is the information?
What do you want from your assets?
Now and in the future?
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Challenges
What skills and capabilities do you need?
Are your assets safe?
Can you demonstrate value for money?
Do you spend too much? Or too little?
Can you make value-based decisions?
Over what timescale?
Are all stakeholders engaged?
How well are you doing?
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Asset management
PAS 55 2008 overview
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Topics
PAS 55 structure
Policy
Strategy
Objectives
Plans
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PAS55 structure
Part 1:
Specification for the optimized management of
physical assets
Defines what needs to be done
Does not explain how
Part 2:
Guidelines for the application of Part 1
Practical examples
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PAS 55 contents
This
session
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PAS55 scope
Create/
acquire
Utilize Maintain
Renew/
dispose
Manage assets
Manage asset systems
Manage asset portfolio
Corporate
management
PAS 55 Asset
management
system
EA Technology Limited 2012
PAS55 scope
Create/
acquire
Utilize Maintain
Renew/
dispose
Manage assets
Manage asset systems
Manage asset portfolio
Corporate
management
PAS 55 Asset
management
system
Capital investment optimisation
and sustainability planning
System performance,
cost & risk
optimisation
Optimise life
cycle
activities
Organisational strategic goals
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PAS 55 document hierarchy

L
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o
f

s
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h
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Policy, strategy, objectives, plans
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Asset management policy
PAS 55:2008-1 3.8
Principles and mandated requirements derived
from, and consistent with, the organisational
strategic plan, providing a framework for the
development and implementation of the asset
management strategy and the setting of the asset
management objectives
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Group exercise
What is an asset management policy?
What should it look like?
Do you have one?
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Policy
Brief document
Sets out principles & objectives
Simple
Not duplicated elsewhere
Aligned with corporate objectives and
strategy
Not conflicting
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Policy example*
PAS 55:2008-2 4.2
We are committed to maximising the return on
our shareholders investments through providing
high-value services to our customers in a legal,
environmentally compliant and sustainable way
without compromising the health and safety of
employees, customers and the public. We shall
achieve this by
* Further examples: Appendix 1 Strategic Asset Management, C Deadman
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Group exercise
Asset management policy
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Asset management strategy
PAS 55:2008-1 3.9
Long-term optimised approach to management of
the assets, derived from, and consistent with, the
organisational strategic plans and the asset
management policy
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18
Switchgear should prevent:-
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19
Ring Main Unit
Long & Crawford
T3GF3
Oil Interruption
& Insulation
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20
Fi x ed Pat t er n
Fully insulated busbar
3 position disconnector
Vacuum interrupter
assembly
Single coil magnetic
actuator
CT accommodation
Voltage transformer
ECLIPSE
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Group exercise
What is an asset management strategy?
What should it look like?
Do you have one?
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Strategy
How the policy is to be implemented
How it supports the organisational strategic plan
Desired outcomes
Broad plans and programmes (with timescales
and responsibilities)
Resources and actions needed
Assumptions made and financial costing if
appropriate
Targets and performance measures
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Strategy example
PAS 55:2008-2 4.3.1
To upgrade the core infrastructure, to meet the
increased demand, by efficiently investing up to
$100m investment over the next 5 years and
development and implementation of optimal
operating and maintenance strategies.
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Asset management objectives
PAS 55:2008-1 3.5
Specific and measurable outcome or
achievement required of asset system(s) in order
to implement the asset management policy and
asset management strategy; and/or
Detailed and measurable level of performance or
condition required of the assets; and/or
Specific and measurable outcome or achievement
required of the asset management system.
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Group exercise
What are asset management objectives?
What do they look like?
Can you give any examples?
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Objectives
Derived from the asset management
strategy?
Consistent with the organisations
commitment to continual improvement?
Measurable and specific?
Communicated to all stakeholders?
Reviewed periodically?
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Examples of objectives
PAS 55:2008-2 4.3.2
To satisfy a 10% demand growth within three
years, and provide a minimum of 15% return on
investment, without compromising health and
safety.
Timetables that deliver a train every five minutes
in central areas and every 10 minutes elsewhere -
all day, every day
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Asset management plans
PAS 55:2008-1 3.7
Document specifying activities and resources,
responsibilities and timescales for implementing
the asset management strategy and delivering the
asset management objectives.
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Plans
Communicated to all relevant
stakeholders?
Optimised and prioritised?
Provision for efficient and cost effective
delivery?
Includes contingencies (see 4.3.4)?
An iterative, ongoing process!
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Group discussion
Plan examples
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Break