ISO-55001 Mapped To Plant Wellness Way

ISO 55001:2014 Asset Management Requirements Mapped to the Plant Wellness Way Methodolo
In the worksheets the clauses from sections of ISO 55001 Asset Management - Management Systems - R
1 - Due to copyright reasons we cannot publish more words of the ISO 55001 standard and its related publicatio
2 - The comments we include in a worksheet are our interpretations of the clauses and information provided in th
3 - For your own private use you can copy the full wording of relevent content from ISO 55000, ISO 55001 or ISO
4 - Use the spread sheet as an audit tool to find the gaps in your existing asset management system and find wh
5 - More information on developing ISO 55001 compliant asset management system is in the 1.5MB PDF docum
How to Build your ISO 55001 asset management system quickly and make ISO 55001 Certification easy
6 - The biggest benefits of using the Plant Wellness Way over ISO 55002 for developing your ISO 55001 com
complex. Instead PWW addresses ISO 5500
nt Wellness Way Methodology
nt - Management Systems - Requirements are mapped to the relevant slides from the Plant Wellness Way 3-day trai
ndard and its related publications.

s and information provided in the ISO 55001 standard and its related publications..
m ISO 55000, ISO 55001 or ISO 55002 into the worksheets for your future reference.
anagement system and find which solutions in the Plant Wellness Way methodology will help you fix them.
tem is in the 1.5MB PDF document at the web link below.
SO 55001 Certification easy
developing your ISO 55001 compliant asset management system, is speed and simplicity. Following ISO 55002 requires yo
ead PWW addresses ISO 55001 holistically and the methodology more quickly and simply delivers compliance to ISO5500
Plant Wellness Way 3-day training course.
p you fix them.
ollowing ISO 55002 requires you to address each clause and subclause one by one; that is time consuming and
elivers compliance to ISO55001 as an outcome.
ime consuming and
ISO 55001:2014 Asset Management Standard mapped to Plant Wellness Way

Clause No
ISO 55001 Requirement
Context of the organization
4.1
Understanding the organization

and its context
4.2
Understanding the needs and

expectations of stakeholders
4.3
Determining the scope of the asset

management system
4.4
Asset management system
ent Standard mapped to Plant Wellness Way

ISO 55001 Clause
The organization shall determine
Asset management objectives, included
The organization shall determine:
the stakeholders
the requirements
the criteria
the stakeholder requirements...
The organization shall determine the boundaries
the external
the requirements...
the interaction
The organization shall define
The scope shall be available
The organization shall establish
The organization shall develop a SAMP
Required Evidence
To 'determine' is to establish by research.

a) Statement of Organization's Purpose
b) List external and internal issues, trends, drivers relevant to the Purpose
c) List the asset management system's intended outcomes
d) List external and internal issues with the ability to prevent the asset management system meeting its
intended outcomes
Show how the planned asset management objectives to be achieved align, and are compatible with
Organization's objectives, so that by meeting the asset management objectives they help achieve the
Organization's objectives
List all external and internal stakeholders with any degree of interest in the asset management system
across its entire timeframe
a) List of all stakeholders, internal and external, impacted by asset management
b) List all requirements and expectations of/toward/from the asset management system for all stakeholders
The 'criteria' are the principles or standards by which something is judged or decided
a) List all decision making principles and standards to be used in the asset management system to help
resolve conflicts and set priorities,
b) Where and when they are used, and
c) explain the process used for decision making
List of every thing each stakeholder requires recorded in respect to an asset
List of every thing each stakeholder requires reported on in respect to an asset
Can be part of the Communication Plan
The 'scope' is the extent of the area or subject matter that something deals with or to which it is relevant
a) A description or list defining the extent of the asset management system and all the ways the system
applies to and interacts on the items within its boundary
b) A documented asset management policy
c) A documented SAMP, as in Clause 4.4, second sub-clause
d) Confirm the scope supports and agrees with the intent of the SAMP and the Policy
Include in the scope considerations (the Organization)
Include in the scope considerations (the Stakeholders)
Include in the scope considerations (the management of the organization)
a) This requires an Asset Register

b) An explanation of the means by which assets are identified for inclusion in the Asset Register, along with
c) Which assets are not part of the asset management system
a) The scope is to be documented
b) the Scope document is to be controlled
a) Specify what constitutes the organization's asset management system, and how it is to be implemented,
how it is to be maintained, and how it is to be improved,
b) Specify the process of the asset management system,
c) Specify the internal and external interactions of the asset management,
d) Prove and confirm that the asset management system meets ISO 55001 requirements
A documented high level SAMP (Strategic Asset Management Plan) containing explanation how the asset
management objectives will be achieved
ISO 55002 Asset management - Management systems - Guidelines for the application of ISO 55001
ISO 55000: The external context includes the social, cultural, economic and physical environments, as well as
regulatory, financial and other constraints. The internal context includes organizational culture and environment,
as well as the mission, vision and values of the organization. Stakeholders exist in both context.
The asset management system derives from and aligns with the organisational objectives
ISO 55000: 'Organizational objective' is an overarching objective that sets the context and direction for an
organization's activities
ISO 55000: 'Objective' is a result, purpose or outcome, to be achieved (can be strategic, tactical or operational)
Asset management decisions require understanding stakeholder perceptions, values, needs, assumptions,
concepts and concerns
The boundaries and applicability of the asset management system should be captured in a statement of scope
An asset management system is to be established, implemented, maintained and continually improved. An

asset management system is used by the organization to direct, coordinate and control asset management
activities. It is a set of interrelated and interacting elements of an organization, whose function is to establish the
asset management policy and asset management objectives, and the suite of processes and resources, needed
to achieve those objectives
How to achieve requirements using ISO 55001 Tools and Techniques
Undertake a Business Environmental Scan
Identify how use of assets delivers organizational goals; Establish compatible asset
management policy and asset management objectives; Create a strategic asset management
plan (SAMP) to get the objectives. SAMP evolves into an asset's management plans
incorporated into operational planning and control processes
Identify, document and communicate external and internal stakeholders requirements,
expectations, informational needs, decision making criteria and reporting for the asset
management system.
Compile a matrix showing all stakeholders and all their needs and expectations, including the
ways each need and expectation is preferably addressed
Satisfied as noted above and in 'Required Evidence' column
The Scope includes the entire asset portfolio, asset interdependencies, time scales and
lifecycle issues, interactions with the rest of the organisation's management system and be
aligned with the SAMP and the asset management policy, and consider internal and external
context issues, along with stakeholder requirements. It is likely to be a written document with
relevant sub-headed sections. Alternately a spread sheet can be used with columns and rows
designated by applicable sub-headings.
You need an asset register listing all the assets covered by the asset management system
The Scope is a controlled document
Specify all the needed processes and their interactions within the asset management system
and the rest of the organisation's management system
Develop a document called 'Strategic Asset Management Plan'
How to achieve using Plant Wellness Way Techniques
Satisfied by using the 'Stress to Process' model spread sheet which outputs all
issues, internal and external, affecting an asset's management system
Satisfied by using the 'Stress to Process' model spread sheet where the outputs are
aligned and consistent with the asset management objectives
stakeholders involved in the asset management system
Satisfied by using the 'Stress to Process' model spread sheet which inputs all
stakeholders requirements from the asset management system
decision making criteria for asset management
stakeholders reporting needs with regards the asset management system
Satisfied by using the 'Stress to Process' model spread sheet which outputs the full
scope of the asset management system
organizational
issues
Satisfied
by using
the 'Stress to Process' model spread sheet which inputs all
stakeholder
issues
Satisfied
by using
the 'Stress to Process' model spread sheet which outputs all
interactions with other management systems
Satisfied by using the 'Stress to Process' model spread sheet which inputs all assets
in the asset portfolio
Satisfied by using the 'Stress to Process' model spread sheet which outputs the scope
in documented form
Apply IONICS analysis to correctly design integrated asset management processes
Satisfied by using the 'Stress to Process' model spread sheet which outputs the SAMP
Relevant Slides in PWW Training Presentations
Day 1: 82 to 88, 115 to 128

Day 2: 3 to 21
Day 3: 3 to 11
Day 1: 82 to 90, 115 to 128

Day 2: 6 to 21
Day 3: 3 to 43
Day 1: 82 to 90, 115 to 128

Day 2: 6 to 21
Day 3: 3 to 43
Day 1: 82 to 128
Day 2: 6 to 21
Day 3: 3 to 43, 68 to 77
Relevant Articles on LRS Website
Currently in Your EAM System
Discrepancy / Gap
How to Address Gap

Clause No ISO 55001 Requirement
Leadership
5.1
Leadership and commitment
ISO 55001 Clause
Top management shall demonstrate
ensuring that the asset management policy
ensuring the integration
ensuring that the resources
communicating the importance
ensuring that the asset management
directing and supporting
promoting cross-functional
promoting continual
supporting other relevant...
ensuring that the approach used
5.2
Policy
Top management shall establish
a) is appropriate
b) provides a framework
c) includes a commitment
d) includes a commitment to
The asset management policy shall:
be consistent
be consistent with
be appropriate
be available
be communicated
be available to
be implemented
5.3
Organizational roles,
responsibilities and
authorities
Top management shall ensure
Top management shall assign

a) establishing and updating
b) ensuring that the asset

c) ensuring that the asset management
d) ensuring the suitability
e) establishing and updating
f) reporting on
Required Evidence
To show 'leadership' means to take action to direct a group.

'Commitment' is showing dedication to the cause
All bullet items below need to be done by the highest level of management where the asset management system is used in
the organization
a) Top Management signature on Policy, SAMP, and Objectives
b) Top Management confirm compatibility between asset management objectives and organization's objective and confirm
approval
a) Top Management review organization's processes to confirm asset management system requirements are properly
integrated across the business, e.g. business process flow diagrams; Top Management approved procedures
When 'ensuring' you make certain that (something) will occur or be the case
Typically a planning and budgeting process related to i) operations and ii) business growth/expansion is evident
a) prove identification of funding, personnel, equipment, information and infrastructure resources is undertaken
b) prove planning for use of those resources is done
c) confirm necessary resources are deployed
To be 'communicating' the parties involved exchange ideas and information; it is a two-way process
Prove the Top Management wants effective asset management that delivers the asset management system requirements
a) a Communication Plan documenting ways the needed communication between Parties will be done, including within and
outside the organisation, e.g. all employees, customers, suppliers, contractors and other stakeholders
b) proof the Communication Plan was achieved
a) Evidence of monitoring and measuring the asset management system performance in achieving its intended outcomes,
e.g. timely performance KPI's are available, and
b) Undertaking necessary changes to improve the performance, e.g. minutes of meetings; documented correspondence
instructing needed changes
c) Confirming improvements undertaken were effective in achieving the intended outcomes, e.g. Meeting Agenda items,
specific analysis or review, correspondence accepting the new performance
To 'contribute' is to provide people and the resources needed
a) undertake improvement projects specifically to make the asset management system more effective
When 'promoting' one is actively encouraging others to achieve the desired outcome
a) identify needed collaborations within the organization
b) indicate purposes of the collaborations
C) indicate how collaborations will be successfully undertaken
a) identify needed improvements within the organization, e.g. an Improvements register
b) indicate purposes of the improvements
C) indicate how improvements will be successfully undertaken
Doing 'supporting' involves giving encouragement and assistance

'Demonstrate' is to show by one's actions
a) a planned approach to assist managers demonstrate leadership, e.g. a mentoring program, a training program,
chairmanship roles, improvement project management roles
Being 'aligned' means there is common agreement
a) the organization's risk management procedure is documented
b) only the organization's risk management procedure is used in the asset management system
A documented Policy of principles by which the organization intends to apply asset management to achieve its
organizational objectives that also addresses each bullet point
To be 'appropriate' is to suitable or proper for the circumstances
Analysis proving the asset management policy derives from, and is approriate for achieving, the organization's purpose
All asset management objectives derive from the Policy
a) List of asset management system requirements that deliver each asset management objective
b) Statement of commitment to meet the requirements
Statement of commitment to continually improve the asset management system
Remaining 'consistent' is being compatible and in agreement with
Analysis proving the asset management policy agrees with the organization's plan
a) Analysis proving the asset management policy is compatible with the organization's other policies, and
b) The asset management policy is valued as highly as the other policies
Analysis proving the Policy is proper for all the assets in the asset portfolio and all the activities the organization uses those
assets for
It is 'documented information' when the information, and the medium on which it is contained, is required to be controlled
and maintained by the organization
The Policy is visibly identifiable and is the most current version
One has 'communicated' when the idea in the message has been passed across to others and is correctly understood
a) Proof the Policy was explained to all in the organization
b) Proof those in the organization understood what the Policy contained and what was required of each person to satisfy the
Policy
The Policy can be accessed by appropriate stakeholders, e.g. permitted stakeholders are listed in the Communication Plan,
Security levels set in document management systems
To be 'implemented' is to put (a decision, plan, agreement, etc.) into effect
a) Observe the Policy intentions being achieved, e.g. KPI's are being met and continually improved
b) The Policy is read by Top Management at least annually and accepted as being suitable or changed to be more suitable,
than signed as approved
The 'responsibilities' are the duties to be performed; 'authorities' mean allocating the power or right to give orders, make
decisions, and enforce obedience
Top Management have documented and communicated (i.e. everyone knows the ideas in the message) the allocated roles
in the organisation, and/or to outsourced parties, with the responsibility and authority needed to achieve the SAMP
a) An analysis of the roles relevant to achieving the SAMP
b) Clear indication of the duties each role undertakes to achieve the SAMP
c) Allocation of roles responsibilities and authorities toward meeting the SAMP
You are 'establishing' when it is set up on a firm or permanent basis; 'updating' is making (something) more modern or upto-date
At least one Top Management role has the responsibility and authority for these duties in the Position Description
Providing 'support' is to actively work towards the success of
Proof of analysis that providing the asset management system will deliver the SAMP
One 'conforms' when you comply with the rules, standards, or laws
A matrix showing how each clause of ISO 55001 is suitably addressed
By 'suitability' is meant if it is right or appropriate for a particular person, purpose, or situation;
'adequacy' is being satisfactory or acceptable in quality or quantity;
'effectiveness' is the degree to which something is successful in producing a desired result; success
a) An explanation of when the asset management system is performing appropriately, is achieving the set quality standards,
and is doing so effectively
b) A list of the roles in the asset management system who deliver its success
A list of the roles with the responsibility and authority for the duty to specify the activities, resources and timescales required
for an individual asset, or a grouping of assets, to achieve the organizations asset management objectives
a) A list of the roles with the responsibility and authority for the duty to report on the performance of the asset management
system
b) A list of the asset management system performances to be reported by each role
ISO 55002 Asset management - Management systems - Guidelines for the application of ISO
55001
ISO 55000: Top management is responsible for developing, resourcing and communicating the
asset management policy and asset management objectives and for aligning them with the
organizational objectives. Leaders at all levels are involved in the planning, implementation and
operation of the asset management system.
Top management demonstrates ownership, accountability, leadership and commitment to the asset
management system by positively influencing the organisation
Top management author, establish and communicate an asset management policy of the principles
to adopt in achieving the asset management objectives
Establish clear and unambiguous roles needed to achieve the strategic asset management plan
(SAMP) and support the asset management system, fully clarifying boundaries, responsibilities and
accountabilities
Address the bullet points in the clause: Have Policy, SAMP, Objectives, integrated in business
processes, resourced, communicated, outcomes are achieved, effective, collaborative, continually
improved, risk management is applied consistently
You need a policy statement addressing the bullet points and defining how the organisation's
resources will be used to meet objectives and operate the organisation while complying with laws,
staying profitable and continually improving
Top management provide position descriptions for all the roles needed to deliver the SAMP and to
keep the asset management system suitable, adequate and effective to deliver the asset management
plans and goals. Signatures of Top Management will need to be observed on the relevant documents


Satisfy the requirements of ISO 55001
Satisfied by using the 'Stress to Process' model spread sheet which outputs the AM Policy
and SAMP, inputs the AM Policy and the organization's objectives
Satisfied by using the 'Stress to Process' model spread sheet to output all AM system
requirements and IONICS analysis to design integrated processes to deliver the requirements
a) Use the 'Stress to Process' model spread sheet to output all funding, personnel,
equipment, information and infrastructure resources required
b) Input the required resources into the organization's corporate planning and budgeting
process
Satisfied by using Accuray Controlled Enterprise 3T procedures which advises the importance
of following AM plans and the need to do the requirements on the plans
a) Use Chance of Success analysis

b) Input the analysis findings into the organization's relevant decision making and ACE 3T
procedures

procedures
Satisfied by using the 'Stress to Process' model spread sheet which outputs all issues,
internal and external, affecting an asset's management system
procedures

procedures
a) Apply Defect and Failure Total Costing to price risk
b) Use 3-Factors Risk Analysis to select suitable mitigations
The AM Policy and the requirements stated within it are inputs into the 'Stress to Process'
model spread sheet
a) Use the 'Stress to Process' model spread sheet to output the roles, responsibilities and
authorities
b) Put responsibilities and authorities into Role Descriptions
c) Communicate the Role Descriptions
Satisfied as noted above

Satisfied by using IONICS Analysis which outputs process and procedure ownership
Satisfied by using IONICS Analysis which outputs AM system requirements and their
ownership to achieve the SAMP
Satisfied by using IONICS Analysis which outputs ISO 55001 requirements ownership
Satisfied by using IONICS Analysis which outputs the means to deliver AM system
suitability, adequacy and effectiveness
Satisfied by using IONICS Analysis which outputs asset management planning ownership
Satisfied by using IONICS Analysis which outputs performance reporting ownership
Day 1: 44 to 47, 83 to 89, 115 to 128

Day 2: 6, 48 to 51, 62, 63, 85 to 93, 124 to 127
Day 3: 61 to 77
Day 1: 29, 83, 116, 120 to 124

Day 2: 67, 68, 88 to 93, 124 to 127
Day 3: 61 to 64, 71, 75
Day 1: 45, 83 to 90, 109, 110, 117

Day 2: 67 to 73, 86 to 93
Day 3: 7 to 10, 16, 20, 21
Discrepancy / Gap
How to Address Gap

Clause No
Planning
6.1
Actions to address risks and opportunities for

the asset management system
6.2
Asset management objectives and planning to

achieve them
6.2.1
Asset management objectives
6.2.2
Planning to achieve asset management

objectives
ard mapped to Plant Wellness Way

ISO 55001 Clause
When planning
give assurance
prevent
achieve
The organization shall plan:
a) actions to address
b) how to:
integrate
evaluate
When establishing its asset management
The asset management objectives shall:
be consistent and
be consistent with
be established
be established and
be measurable
take into account
be
be communicated
be reviewed
The organization shall retain
The organization shall integrate
The organization shall ensure

When planning how to
a) the method
b) the processes
c) what
d) what
e) who
f) when
g) how
h) the appropriate
i) the financial
j) the review period
k) actions to address
identification
assessment
determining
implementation
Required Evidence
The 'risk' is the effect of uncertainty (the extent to which a thing or situation and all its effects are totally known) on the
objective, i.e. on the results to be achieved. 'Opportunities' is the set of circumstances that makes it possible to do
something
a) A asset management system risk register, and a opportunity to achieve success register
b) Analysis showing how the asset management system identifies and addresses the opportunities to achieve, and the risks
to the achievement of, the organisation's objectives and stakeholders' requirements
Analysis that confirms the asset management system is able to deliver its intended outcomes
a) Analysis that identifies all unwanted asset management system impacts, e.g. FMECA, PFMEA
b) Details of how each unwanted impact will be effectively prevented
c) Includes an escalation process as risk levels rise
Analysis to confirm the opportunities and risks to the continual improvement of the asset management system to deliver its
intended outcomes
a) a documented plan of all the actions to undertake the identified opportunities
b) a documented plan of all the actions to address all the risks
c) indication of what causes a risk to change and when the change can occur in time,
d) how the effects of a change will be monitored,
e) how the effects of a change will be addressed
Evidence that the actions to address opportunities and risks are actually being done, e.g. effective work orders are scheduled
and there is evidence of their proper completion
Evidence the actions performed are promoting successful achievement of the asset management system objectives, and
removing or preventing risk, e.g. suitable effectiveness and risk reduction KPI's
An 'objective' is a thing aimed at or sought; a goal

a) Analysis of each asset in the asset portfolio indicating all its objectives,
b) the coordinated activities to be done to realise all an asset's objectives,
c) the functions and levels in the organization undertaking each activity needed to achieve each objective
A documented, asset management planning process that sets an asset's objectives through specifically considering all the
associated stakeholders, financial, technical, legal, regulatory and the organization's stated and implied needs
Analysis that proves asset management objectives are compatible to, and assist with, the organizational objectives
Analysis that proves asset management objectives are compatible with the asset management policy
Identify how the asset management decision-making criteria are used to set up and keep current the asset management
objectives
Identify how the SAMP is cascaded down to an asset in order to set up and keep current the asset management objectives
Provide each asset management objective with a defined value, where possible
Analysis identifying an asset's objectives address all needs and implied expectations
a) Identify how each asset's objectives are monitored
b) identify all persons who monitor each objective
c) prove each objective is monitored
a) Identify who needs to know about each asset management objective
b) Prove all persons who need to know receive information on the asset management objective and understand the message
in the communication
Identify all situations when the asset management objectives are to be reviewed and made current
To 'retain' means to keep possession of continuously
Confirm the various revisions of asset management objectives are documented, controlled and safely kept
When you 'integrate' you combine (one thing) with another to form a whole
Documented proof planning to achieve asset management objectives is done along side with other organizational planning,
with consideration of financial, human resources and all relevant support functions
a) Confirm all an asset's management plans are prepared, are on suitable media, are kept current
b) Evidence defining the planned activities that will be implemented across the organization and the resources, both internal
and external, that will be applied to meet the asset management objectives
c) prove the asset's management plans support the asset management policy, and the SAMP
Evidence of consideration of requirements from external the asset management system, including the effect of time horizons,
e.g. market factors like change in product specification or mix, seasonal demand for product; annual weather events,
Evidence of how each requirement below is identified, and put on suitable media, when developing an asset's management
plans to deliver its objectives
a) The means and principles / standards used for decision making during planning,
b) The means and principles / standards used for prioritizing activities and resources during planning
Specify the ways to follow and the techniques to use on each asset so it meets its objectives during its life cycles
Specify the actual activities to be implemented by all internal and external parties to achieve the asset management
objectives
Specify all internal and external resources needed to deliver an asset's management plan
Specify who are responsible (will do the duties) for achieving the asset's management objectives
Define the timeline for delivering the activities that achieve the asset management objectives
Establish criteria to determine if results of activities are successful in providing the asset management objectives
Specify how long an activity is relevant to the asset management plan
Identify short and long term financial and non-financial consequences and conclusions of an asset management plan, e.g.
life-cycle costing, replacement, refurbishment
Set a time and/or circumstances when an asset management plan is to be reviewed and appropriately updated
a) Specify how risks are identified, the risk control actions selected, and how the effect of the life-cycle and time influences
the risks and the actions, e.g. replace with new, refurbish, de-rate the asset, etc.
b) how opportunities are identified, the appropriate actions selected, and how the effect of the life-cycle and time influences
the opportunities and the actions
Identify a process for delivering risk identification and opportunity identification
Identify a process for delivering risk assessment and opportunity assessment
Identify a process for determining the importance of assets, e.g. equipment criticality
a) Identify a process for implementing risk mitigations
b) Identify a process for monitoring the remaining risks
c) Identify a process for monitoring opportunities
Confirm the organization's risk management methodology includes the impact of asset risks and develops suitable
contingency plans for unacceptable risks
ISO 55002 Asset management - Management systems - Guidelines for the

application of ISO 55001
ISO 55000: The approach to implementing the asset management policy should be
documented in a strategic asset management plan (SAMP), from which detailed plans of
what to do throughout the organisation to achieve the SAMP are developed
Determine the actions that are necessary for addressing risks when planning the asset
management system. The overall purpose is to understand the cause, effect and
likelihood of adverse events occurring, to manage such risks to an acceptable level, and
to provide an audit trail for the management of risks.
ISO 55000: objective is defined as 'results to be achieved'

The organization shall establish SMART asset management objectives derived from the
SAMP at relevant functions and levels that when achieved will promote accomplishment of
the organisation's objectives.
The organization develops asset management plan(s) to define the activities that will be
implemented and the resources that will be applied to meet the asset management
objectives and consequently the organizational objectives. An asset management plan(s)
provides the direction to, and expectations for, an individual asset or for a portfolio, group
or class of assets.
A suitable risk management methodology is to be used that assesses risk before and
after mitigation and provides documented evidence of the selected actions, how they
will be done and the effectiveness of the risk controls adopted. The most applicable
methodology to use to comply with this clause of ISO 55001 is to apply Risk
Assessment and Management to each asset, the assets management, and the asset
management system.
It would be reasonable to apply RCM (Reliability Centered Maintenance) on your assets,

as RCM requires you to do FMEA (Failure Mode Effects Analysis) and assess and
mitigate asset risks with appropriate maintenance strategy and activities. To identify the
risks to an assets management, and also to the asset management system, you could
use PFMEA (Process Failure Mode Effects Analysis) coupled with Risk Management to
provide appropriate risk abatements.


Which is the best function for the responsibility and at what level in the organization to
allocate the objective depends on issues like its importance, the risks for the
organization, the effect on stakeholders, the difficulty, its information and knowledge
needs, and the resourcing requirements.
Each asset is to have a defined, measurable purpose(s), an indication of its importance

and risk to the organisation in achieving its organisational objectives; what asset
management objectives must be delivered to the asset so it can perform as needed to
achieve its purpose, and who is responsible to do the needed activities
The output from planning and setting the asset management objects will be a tabular
listing recording SMART (specific, measurable, achievable, realistic and time-bound)
objectives and how each criterion is satisfied.

The asset management objectives are controlled documents
Establish a business-wide asset management planning process, methodology, tools and
resources covering the lifecycle, risk management, procurement and supply chain,
operation, maintenance, capital requirements, financial management, and the regular
review and continual improvement needed to provide the organisation with suitable
assets to achieve its objectives
Equipment Criticality analysis to identify the full range of internal and external business
risk implications from the ownership or use of an asset
Use a tabular report approach and identify hoe each bullet point is to be addressed for
each asset or asset class, e.g. pipelines, transmission power lines


Equipment Criticality analysis to identify the full range of internal and external business
risk implications from the ownership or use of an asset
Satisfied by using the 'Stress to Process' model spread sheet which inputs organizational and
stakeholder requirements and outputs the associated risks and opportuntities
Satisfied by using IONICS analysis, which uses Physics of Failure Analysis to inputs risk and
opportunties and outputs integrated processes to deliver the required outcomes
Satisfied by using IONICS analysis which inputs risks and opportunties and outputs integrated
processes to deliver the required outcomes
Satisfied by using IONICS analysis which outputs responsibilities for continual improvement
Satisfied by using IONICS analysis, which uses Physics of Failure Analysis to input risks and
opportunties, including how they change with time, and outputs integrated processes to deliver
the required outcomes
Satisfied by using IONICS analysis, which outputs integrated processes to deliver the required
outcomes
b) Input the analysis findings into the organization's relevant decision making and ACE 3T procedures
Satisfied by using IONICS analysis, which outputs objectives for functions and levels in the
organization
Satisfied by using the 'Stress to Process' model spread sheet which inputs organizational and
stakeholder requirements into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which inputs organization objectives
into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which inputs the AM Policy into the AM
planning process
Satisfied by using the 'Stress to Process' model spread sheet which inputs AM decision making
criteria into the AM planning process
Satisfied by using the 'Stress to Process' model spread sheet which outputs the SAMP
Satisfied by using IONICS analysis, which outputs measures for processes
Satisfied by using IONICS analysis, which inputs all the applicable requirements to achieve the
objectives
Satisfied by using IONICS analysis, which outputs measures for monitoring
a) Satisfied by using IONICS analysis, which outputs roles, responsibilities and authorities to
achieve objectives
b) Put responsibilities and authorities into Role Descriptions
c) Communicate the Role Descriptions
Satisfied by using IONICS analysis, which outputs roles, responsibilities and authorities to
achieve objectives
Satisfied as both IONICS analysis and 'Stress to Process' spread sheet are documented information
Satisfied by using IONICS analysis, which inputs organization-wide needs and outputs
organization-wide requirements
Satisfied by using the 'Stress to Process' model spread sheet which inputs the AM Policy and
outputs the asset management plans and SAMP
Satisfied by using the 'Stress to Process' model spread sheet which inputs the requirements from
outside the AM system
Satisfied, since combining IONICS analysis, Physics of Failure Analysis and the 'Stress to Process'
spread sheet addresses all bullet point and they are documented information


Satisfied by use of 3-Factors Risk Analysis which outputs the risks to be taken into the
organization's risk management and contingency planning
Day 1: 35 to 47
Day 2: 7 to 59
Day 3: 26, 27, 33 to 57
Day 1: 19, 22, 23, 29 to 34, 83, 117 to 128

Day 2: 67 to 73, 90 to 93
Day 3: 6 to 11, 26, 27, 34 to 43
Day 1: 29, 30, 33, 34, 43 to 47, 88 to 90, 105 to 114, 125 to 128
Day 2: 6 to 11, 17 to 59
Day 3: 16 to 24, 34 to 51
Discrepancy / Gap
How to Address Gap

Clause No
Support
7.1
Resources
ISO 55001 Clause
The organization shall provide
7.2
Competence
The organization shall:
determine the necessary
ensure that
where applicable
retain appropriate
periodically review
7.3
Awareness
Persons doing work
the asset
their contribution
their work activities
the implications
7.4
Communication
on what
when to
with
how
7.5
Information requirements
a) the organization shall

the significance
the roles
the asset management
the exchange
the impact of
b) the organization shall determine:
the attribute
the quality
how and when
c) the organization shall specify
d) the organization shall determine
e) the organization shall ensure
7.6
Documented information
7.6.1
General
The organizations asset
documented information
documented information
documented information determined
7.6.2
Creating and updating
When creating
identification
format
review
7.6.3
Control of documented
information
Documented information required

a) it is available
b) it is adequately
For the control of
distribution
storage
control
retention
Documented information of external origin
Required Evidence
a) Research and analysis identifying the full range of appropriate resources, internal and external, needed to
establish, implement, maintain and improve the asset management system
b) Allocation of all the necessary resources identified
a) Allocation of all appropriate resources, internal and external, to achieve the asset management objectives
as identified in the planning stage
b) Allocation of appropriate resources, internal and external, to perform the asset management plan activities
as identified in the planning stage
Analysis and selection of appropriate skills, knowledge, education and experience of all persons working in or
for the organisation at all levels, where that work impacts an asset in the asset portfolio, e.g. Competency
Gap Analysis
Provide evidence that persons in roles at all levels in the organization can successfully deliver all outcomes
they are responsible to do, without supervision
a) Identify shortfalls in competence to do a role
b) Determine what is required to address the shortfall in competence
c) Do the actions needed to become competent, e.g. training, mentoring, on-the-job experience
d) Prove the actions were effective in making the person competent
Records of evidence of competence are permanently kept
Regular analysis to confirm competencies for a role remain applicable and to identify if new competencies are
required
Being 'aware' is to have knowledge or perception of a situation or fact

All persons, internal and external, (e.g. can include staff, contractors, internal or external service providers,
and suppliers) doing work affecting the assets of the organization are made appropriately aware of the impact
and importance of the work to the successful achievement of the asset management objectives. The level of
awareness is relative to their potential effects on the successful achievement of the asset management
objectives
Prove people are knowledgeable of the asset management policy
Prove people are knowledgeable of their contribution to the success of the asset management system and
the value of improved asset management performance
Prove people are knowledgeable with regards the risks and opportunities in their jobs to affect achievement of
the asset management objectives
Prove people are knowledgeable of what happens if they do not complying with rules, standards, or laws
Analysis and selection of appropriate relevant communication to send to the various peoples in the
organization with regards assets, their management and the asset management system, e.g. a
Communication Plan.
Show how 'what to communicate' was determined

Show how 'when to communicate' was determined
Show how 'with whom to communicate' was determined
Show 'how to communicate' was determined
a) Systematic analysis and selection of all information required for the proper care, use and monitoring of
assets, the asset's management, the asset management system, and achieving the organization's objectives
b) Secure storage of the information
Show how the level of asset risk was considered

Show how the roles and responsibilities influenced the choice of information provided
Show how the asset management processes, procedures and activities influenced the choice of information
provided
Show how exchange of information with its stakeholders, including service providers, influenced the choice of
information provided
Show how the impact of quality, availability and management of information on organizational decision making
influenced the choice of information provided
Systematic analysis and selection of:
The specific range and content of the information
The specific standards to be met for the information provided
a) The methods to be used for information collection, analysis and evaluation
b) A timeline and schedule for all information collection, analysis and evaluation
a) Analysis and selection of suitable information management process, e.g. hard copy library and filing
system; use proprietary software; use server folder structure
b) Provision of the specified document management process
c) Maintenance of the document management process in use
By 'terminology' is meant the body of terms used with a particular technical application in a subject of study,
theory, profession, etc.
Analysis, determination of the need, and provision of a common terminology, e.g. glossary or lexicon, when
necessary to aid cross-functional communication in the organization
By 'consistency' is meant conformity, internally and externally, in the application of data so that its use meets
the needs of law, the stakeholders and the organization; 'traceability' is to trace the history, application and
location of the data
a) Prove how the organization delivers consistency of data
b) Prove how the organization provides traceability of all its data
As a minimum the internal and external documents in the asset management system must include those that
satisfy the bullet points below
All documentation specified in ISO 55001: a) the ISO 55001 standard, b) asset management system Scope,
c) the asset management Policy, d) the asset management Objectives, e) role incumbent competence
records, f) for the asset's and organization's applicable legal and regulatory requirements, g) designated by
the organization as being needed to meet its objectives, h) records of evidence processes are followed (see
8.1, bullet point 3), i) documents of external origin designated by the organization as being needed for
planning and operation of the asset management system, j) Audit reports
As in f) above
As in g) above
To 'ensure' is to make certain that (something) will occur or be the case
a) Provide a Document Management Procedure that addresses the bullet points below.
b) Guaranteed application of the specified practices
Included in Document Management Procedure
Controlling documents means regulating the development, approval, issue, change, distribution,
maintenance, use, storage, security, obsolescence or disposal. These can be called the 'document functions'.
A controlled document is one where one or more function is stipulated to be done in a particular way.
a) Include external documents in Document Management Procedure
b) Prove the external document identification and controls are done
ISO 55000: The collaboration across the organization, sharing of resources, coordination and communication needed for
the asset management system to reach the asset management objectives of the organization.
All resources - human, infrastructure, information, financial and physical - required for the establishment, implementation,
maintenance and continual improvement of the asset management system.
The organization is to determine the suite of competencies required for all asset management roles and responsibilities,
and the awareness, knowledge, understanding, skills and experience needed to fulfil them, provide suitable incumbents,
including the use of outsourced expertise.
Persons working under the organizations control should have appropriate awareness of the organizations asset
management policy, asset management system, business risks and their work activities and behaviours. Awareness needs
of a stakeholder are determined by their role and its relationship to the organization meeting its asset management
objectives
Asset management activities carried out by the organization should be communicated to relevant stakeholders periodically,
in a coordinated way, as an integral part of the organizations asset management activity and asset management system.
The organization ought have communication plan(s) to influence the decisions of stakeholders by advising them of the
asset management system requirements, the appropriate actions to do, the knowledge needed to make sound decisions,
when and what to communicate using feedback and reporting processes and methods
Determine the information needs using a systematic approach to identify the necessary asset information and establish the
appropriate information management system and repositories related to its assets, asset management and asset
management system. Information required includes: strategy and planning, process, technical & asset physical properties,
service delivery and operations, maintenance management, performance management and reporting, financial and
resource management, risk management, contingency and continuity planning, contract management, continual
improvement
ISO 55000: information, either as documents or records, interval or external, required to be controlled and maintained by
the organization and the medium on which it is contained
Identify and define the documented information to be managed and maintained over the life cycle needed to fulfil legal
requirements, provide asset health during its use and after decommissioning, promote and support effectiveness of the
asset management system
Put suitable controls in place to ensure that the information is appropriate and personnel in the asset management system
or doing asset management activities are using the approved, accurate, most up to date information
Documents and records are to be controlled
Map the organisation's asset management system requirements to the full range of resources
needed to ensure the system can provide assets - human, infrastructure, information, financial and
physical - with the capacity and in a condition suitable to achieve the organisation's objectives
Undertake regular asset management planning and budgeting and follow through to implementation
Determine and document all necessary competencies for all roles, ensure incumbents are
competent, and keep verifiable records demonstrating the currency of the competencies. Develop a
succession plan for positions so competent incumbents fill the roles
Persons working in the asset management system are to be aware of the asset management policy,
their contribution to the effective operation of the asset management system, their work activities
and the associated risks, and appreciate the consequences of not doing their work properly.

Determine the need for internal and external communications relevant to assets, asset management
and the asset management system for persons working under the organizations control. Develop a
Communication Plan that addresses all the requirements of the clause in ISO 55001 over the life of
the assets, its asset management, and the asset management system
The organization determines and provides the information and its management required to support
its assets, asset management system, manage asset related risks, have competent people, monitor
and measure the achievement of its asset management objectives, keep the information
maintained, current and accessible to users
The assessment and selection of information must provide useful content to address the bullet
points
The assessment and selection of information must have useful configuration and substance to
address the bullet points
The information you have is part of your proprietary and corporate knowledge and needs to be
controlled and protected
Documented information to keep is that required by ISO 55001, needed to satisfy the applicable
legal and regulatory requirements, and as necessary for supporting and improving asset
management system effectiveness
Research and select all such documents, identify them as controlled,and include them into a
document management system

The information is appropriately identified and described, using the approved format and media, is
reviewed and approved for suitability and satisfactoriness
Documented information, whether internal or external, is to be controlled throughout its lifecycle so it

is available, suitable and legible for use by users, protected, changes are controlled
Satisfied by applying IONICS analysis to design the AM processes using the 'Stress to
Process' model to identify the resources, practices, quality assurance, and the roles and
duties for each process
Input the required resources into the organization's corporate planning and budgeting process
Input the required competencies into the organization's human resource management,
planning and up-skilling processes
Ensure the required competencies by using the organization's human resource management,
planning and up-skilling processes
Ensure the required competency document information is kept by using the organization's
human resource management, planning and up-skilling processes
Ensure the periodic review of competency and skills currency and needs is done by using the
organization's human resource management, planning and up-skilling processes
Satisfied by using Accuracy Controlled Enterprise 3T procedures which advises the

importance of following AM plans and the need to do the requirements in the plans

Satisfied by using IONICS analysis and transferring internal and external communication
requirements into applicable Accuracy Controlled Enterprise 3T procedures

Satisfied by applying IONICS analysis to design the AM processes and procedures using the
'Stress to Process' model to identify the information required for each process needed to
achieve the AM objectives

Satisfy the document management and records management requirements of ISO 9001
applied to the asset management system.

Day 1: 19, 20, 29, 30, 44 to 53, 74 to 128

Day 2: 47 to 83
Day 3: 5 to 32, 44 to 48, 62 to 70
Day 1: 23, 29, 30, 45, 67 to 81, 91 to 114, 119, 125, 127
Day 2: 9 to 21, 74 to 83, 96, 97, 114 to 124
Day 3: 5 to 24
Day 1: 42, 47, 59 to 62

Day 2: 22 to 33, 91 to 93
Day 3: 33 to 43
Day 1: 45, 59 to 62, 71, 72

Day 2: 42, 67 to 78, 90 to 92
Day 3: 16, 20 to 24, 33 to 43, 73, 74
Day 1: 19, 20, 29, 30, 43 to 47, 71, 72, 82 to 119

Day 2: 7 to 21, 49 to 59, 83, 122, 123
Day 3: 5 to 24, 33 to 51, 57, 67, 69, 73, 74
As in 7.5
As in 7.5
As in 7.5
Discrepancy / Gap
How to Address Gap

Clause No
Operation
8.1
Operational planning and control
ISO 55001 Clause
The organization shall plan
establishing
implementing
keeping
treating
8.2
Management of change
Risks associated
The organization shall control
8.3
Outsourcing
When the organization outsources....
a) the processes
b) the responsibilities
c) the processes
When outsourcing
the outsourced
the performance
Required Evidence
All processes used in the asset management system to (i) achieve a requirement, (ii) to do the actions specified from 6.1
(Actions to address risks and opportunities for the asset management system), (iii) to do the actions specified from 6.2 (Asset
management objectives and planning to achieve them), (iv) to do the actions specified from 10.1 (Nonconformity and corrective
action), (v) to do the actions specified from 10.2 (Preventive action) are:
a) planned, i.e. specify the required activities, responsibilities, resources, timescale and risk management
b) implemented, i.e. put the planning into use by allocating roles and responsibilities, placing competent resources into the
roles, providing appropriate equipment, setting procedures to follow, doing the prescribed activities rightly
c) controlled, i.e. specifying the behaviour and supervising the doing of a process through use of performance measures, audits
ad hoc observations/sampling, etc. to verify the process is done as designed and it is delivering the expected outcomes
Relevant, defined criteria (i.e. more than one criterion) capable of delivering the expected outcome exist for all processes
Prove the process runs as intended and achieves the set criteria
a) Records are kept and controlled that prove the process was done as it was planned to be done
b) A list of all the necessary records from all processes
c) A Records Management Procedure
Risks are controlled and observed to the requirements of planning to meet asset management objectives noted in 6.2.2
Review and assessment of risks caused by a change, be it organizational structures; policy, objectives or plans; process(es) or
procedure(s) for asset management activities; new assets, asset systems or technology (including obsolescence); factors
external to the organization (including new legal and regulatory requirements); supply chain constraints; demands for products
and services, contractors or suppliers; demands on resources, including competing demands.
Prove identifying risks and opportunities, and planning to address them is done as per 6.1 (Actions to address risks and
opportunities for the asset management system), and planning of the actions and their provision are done as per 6.2.2
(Planning to achieve asset management objectives)
A Management of Change Procedure is established detailing:

a) the control of change
b) review of consequences, including unintended consequence in future, or across the organization, or outside the organisation
to any stakeholders
c) the requirements and capacity to address unintended consequences
d) actions, reactive and proactive, to be taken to mitigate adverse effects of unintended consequences
An 'outsourced' activity is one where an external organization performs part of the organization's function or process
a) A risk assessment, including unintended consequences, of work outsourced where the work can effect asset management
goals
To 'ensure' is to make certain that (something) will occur or be the case
b) Regardless of the risk, all outsourced work processes and activities are controlled, reviewed and approved by the
organization, e.g. the organization may require the provider or supplier to adopt controlled processes and activities
A document explaining the:

a) assessment and selection of controls for outsourced work
b) how integration is achieved between outsourced work and the organization's asset management system, e.g. a document
explaining each party's responsibilities and the necessary actions and interactions to be performed by each
a) Assess and select what is to be outsourced

b) establish clear processes with set scope and timeline of provision
c) identification of risks to the scope and the organization and selecting mitigations
d) the interfaces between provider and the organization during the life cycle
Clearly defined roles, responsibilities and authorities of persons in the organisation who manage the outsourced work
Clearly define ways to exchange information and advice, along with the extent of information and knowledge to be provided
between the organization and provider
The organisation will make certain the following bullet points are met when outsourcing:
The provider satisfies 7.2 Competence, 7.3 Awareness, 7.6 Documented information, i.e. all documents and records are
controlled
Assess performance monitoring requirements, identify and manage the risks, select the measurement means, schedule
monitoring activities, conduct evaluations and report on the outsourced work in accord with 9.1 Monitoring, measurement,
analysis and evaluation
ISO 55002 Asset management - Management systems - Guidelines for the application
of ISO 55001
ISO 55000: the design, direction, implementation, change management and control of the
asset management activities, including those services and activities outsourced.
The organization needs operational planning and control processes in order to support the
effective delivery of the activities required by the asset management plan(s). Define
requirements for the operational planning, control, resourcing, measuring and auditing of
asset management and the asset management system
The organisation needs to evaluate and manage internal or external changes affecting
assets, asset management or the asset management system by assessing their risks, their
consequences across the organisation's systems, including unintentional consequences,
and developing appropriate mitigations and implementing them successfully
Outsourcing means the selected asset management activities are done by other parties or
service providers and not by the organisation itself. This requires documented agreement
on the processes/activities outsourced, responsibilities and authorities to manage them, and
how knowledge is to be shared between parties.
Design, develop, document, implement, measure and control the processes needed to perform
the risk management actions that bring risk down to the required level; conduct the plans needed
to achieve the asset management objectives, and undertake corrective and preventive activities.
The methodology to use for this clause is Process Mapping. As you map the asset management
processes you identify how to address the bullet points


Develop, establish, implement and monitor a change management process amd procedure that
proactively assesses risks affecting assets, asset management or the asset management system,
insures they are managed, provides control and there are reviews of unintended consequences in
order to improve the process
Outsourced activities require their associated risks to be documented, assessed, controlled and
managed by competent persons with the responsibility and authority to manage the outsourced
activity. Those doing the outsourced activity must be competent, aware of the effect of the activity
on the asset management objectives, adopt the necessary document management practices, and
be monitored, measured and evaluated.
It requires a formal, documented process for outsourcing that identify the risks arising from
outsourcing and proactively put suitable controls and monitoring into place.
Document the process and procedure explaining how outsourcing is done, taking into account the
complexity of the work and the risks it causes to the organisation

Satisfied by applying IONICS analysis to design the AM, corrective and preventive processes
using the 'Stress to Process' model to identify the resources, practices, quality assurance, and
the roles and duties used in the process

Satisfied by applying 3-Factors Risk Analysis combined with 'Stress to Process' model and/or
Physics of Failure Analysis
Risks identified using the above approach (3-Factors Analysis plus 'Stress to Process' and/or
POF Analysis) are addressed and managed using ACE 3T procedures
Work plans to do a change will be put through a 3-Factors Risk Analysis and necessary
mitigations will be included in the applicable 3T Procedures
Satisfied by applying IONICS analysis and incorporating 3-Factors Risk Analysis to design the
Outsourcing selection and control processes
Activities identified by the above approach (IONICS combined with 3-Factors Risk Analysis) are
addressed and managed using ACE 3T procedures
Satisfied by applying IONICS analysis to design the Outsourcing processes, controls,

performance monitoring and measurement using the 'Stress to Process' model to identify the
resources, practices, quality assurance, measures, and the roles and duties used in the
process
Day 1: 19, 20, 23, 29, 34, 43 to 47, 59 to 62, 82 to 114, 125 to 127
Day 2: 6 to 59, 85 to 97, 114 to 127
Day 3: 3 to 24, 33 to 51,
Day 1: 19, 20, 43 to 47, 85 to 90, 125 to 128

Day 2: 3 to 59, 103 to 106
Day 3: 25 to 29, 33 to 43, 52 to 56
Day 1: 29, 62, 83 to 90, 119

Day 2: 9 to 16
Day 3: 34 to 36, 49 to 51
Discrepancy / Gap
How to Address Gap

Clause No
Performance evaluation
9.1
Monitoring, measurement,
analysis and evaluation
ISO 55001 Clause
The organization shall determine:
a) what needs
b) the methods
c) when the
d) when the results...
The organization shall
the asset
the asset management
the effectiveness
The organization shall evaluate
9.2
Internal audit
9.2.1
The organization shall conduct

a) conforms to:
the organizations
the requirements
b) is effectively
9.2.2
The organization shall:
a) plan,
b) define
c) select
d) ensure
e) retain
9.3
Management review
Top management shall review
The management review

a) the status
b) changes
c) information
nonconformities
monitoring
audit
d) asset management
e) opportunities
f) changes
The outputs of
Required Evidence
Research, assess and select appropriate asset, asset management and asset management system performance
monitoring, measurement, analysis and evaluation that determines whether the organizations asset management
objectives are being achieved effectively and efficiently
Intentionally identify, chose and justify necessary performance indicators

a) Intentionally identify, chose and justify the monitoring, measurement, analysis and evaluation methods used
b) Prove they will deliver valid results
a) Specify the points in each process to do monitoring
b) the schedule for when to do the observations at each point
a) Specify the analysis and evaluation to be done for each monitored point in each process
b) the schedule for when to do the analysis and evaluation
The organization will assess and report performance for:
Each asset in the asset portfolio
Asset management success, financial and non-financial indicators
Measuring 'effectiveness' involves identifying the extent to which planned activities are realized and planned results
achieved
How effectively the asset management system is at meeting the asset management system objectives
A means to gauge and indicate whether the processes used to manage risks and opportunities are delivering the
intended results, e.g. risks in the risk register are diminishing in size and frequency
a) Assess and select the records to be made of the results of monitoring, measurement, analysis and evaluation
b) The records are controlled
Confirm the monitoring and measuring used satisfies the needs and expectations of all stakeholders, e.g. a matrix
matching performance measurement to stakeholders' requirements
Internal audits are in use, i.e. independent reviews and assessment, of the asset management system to evaluate
the following bullet points
Asset management system conformance of the following bullet points:
Is run as the organization requires
Is run as ISO 55001 requires
Internal audits are to check and evaluate:
a) effective implementation of the asset management system, i.e. results achieve plans
b) effective maintenance of the asset management system, i.e. results achieve plans
An Internal Audit Procedure is available that addresses each of the bullet points in this clause
a) they are a systematic, scheduled, independent and documented process for obtaining evidence and evaluating it
objectively to determine the extent to which the audit criteria are fulfilled, and providing a report the findings
b) The schedule and frequency of audits is matched to the significance of a process in achieving the asset
management system objectives
c) The schedule and frequency considers the significance of the issue found in previous audits
Every audit investigates set requirements within a specified boundary of investigation
Insure audits are conducted by unbiased people in an equitable way
a) Specify the relevant managers to get the report
b) The report is distributed to the managers
The information gathered and the audit report are kept and controlled
a) Top Management undertake regularly to determine the suitability, adequacy, and effectiveness (i.e. extent to
which planned activities are realised and planned activities are achieved) of the organizations asset management
system
b) a schedule of when Review Meetings are to be held
A meeting agenda listing all the bullet points below.

A report is presented at the Management Review Meeting about this requirement
a) The minutes record all decisions regards opportunities for continual improvement
b) The minutes record all decisions regards necessary changes to the asset management system
Keep and control outputs from the Management Review Meeting
ISO 55000: The performance of the asset management system should be evaluated against any objectives set
specifically for the system itself (either when it was established, or following previous evaluations). The primary purpose
of evaluating the system should be to determine whether it is effective and efficient in supporting the organizations asset
management and meeting its asset management objectives.
Performance indicators, either quantitative or qualitative, financial and non-financial, are selected to be monitored by
persons at a level suitable to the risk, complexity and value of the assets. Processes are developed to measure, monitor,
analyse and evaluate the organizations assets, asset management system and asset management activity on a regular
basis to determine how well the asset policy and SAMP are being met. By the use of performance indicators the
organisation evaluates its assets and asset management activity in order to ensure their continuing suitability, adequacy
and effectiveness. When necessary changes are made to policy, objectives, strategies, and other elements of the asset
management system to improve its effectiveness in delivering the asset management objectives.
Conduct internal audits of the asset management system, particularly in relation to critical assets and asset systems, to
ensure that the asset management system is achieving its objectives and plans and is identifying opportunities for
improvement. Internal audits should be conducted at planned intervals to determine and provide information to top
management on the appropriateness and effectiveness of the asset management system, as well as to provide the basis
for setting objectives for continual improvement.
A review and consideration of the organizations assets, asset management system and asset management activity, as
well as the operation of its asset policy, objectives and plans, is undertaken by top management at planned intervals.
The purpose is to ensure the system's current and continuing suitability, adequacy and effectiveness. The review would
also consider the appropriateness of the asset management policy for the organizations purpose, establish new or
updated asset management objectives for continual improvement, and consider if changes are needed to any elements
of the assets, asset management processes or asset management system
Identify what needs to be monitored, the methods to use to get valid results, when to take
measurements and when to check and evaluate the results.
Performance indicators, either quantitative or qualitative, financial and non-financial, are
selected to be monitored by persons at a level suitable to the risk, complexity and value of
the assets.


Specifically address this clause by assessing whether risk events involving assets, asset
management and the asset management system are decreasing year after year. One way
is to observe the frequency and types of non-conformances occurring. Another is
undertake internal auditing of asset risk management and control and report the findings to
Top Management.
The performance information collected, the analysis and the reports are records and as
such are controlled documents
The asset management system is only useful when it helps to achieve stakeholder goals.
The monitoring, measurement, analysis and evaluation undertaken should only be of
evidence that relates to the achievement or not of those objectives
Internal audits are planned, scheduled, appropriately resourced, and documented to

determine compliance to the asset management system requirements and to ISO 55001,
and whether the asset management system is effectively implemented.
Undertake an Internal Auditing program using an Internal Auditing process that satisfies all
the bullet points and sub-clauses

A top management review of the asset management system is done at planned intervals
to ensure its continuing suitability, adequacy and effectiveness, i.e. the successfulness of
the asset management system at delivering its objectives. Decisions and outputs of the
meeting are documented.
The meeting agenda includes: previous actions, relevant internal and external changes,
performance and trends, asset management activity, continual improvement opportunities,
changes in risk levels
The inputs and outputs of Management Reviews are controlled documents
Apply IONICS analysis to correctly design the AM processes incorporating monitoring,

measurement, analysis and evaluation, using the 'Stress to Process' model to identify the
right practices, the quality assurance, the performance measures and the roles and duties
for each process

Satisfy the internal audit requirements of ISO 9001 applied to the asset management
system.
NOT RECOMMENDED, WILL CAUSE PROCESS DISRUPTION. Monitor processes
directly with statistical analysis and take appropriate management action

Satisfy the Management review requirements of ISO 55001.

NOT RECOMMENDED, WILL CAUSE PROCESS DISRUPTION. Monitor processes
directly with statistical analysis and take appropriate management action

Day 1: 8, 15 to 18, 21 to 30, 48 to 53, 74 to 81, 90, 95 to 114, 119

Day 2: 9 to 16, 22 to 33, 59, 61 to 64, 75 to 78, 85 to 97, 121 to 124
Day 3: 7 to 19, 41 to 43, 63, 68
Day 1: 53, 59 to 62, 88, 89, 92, 93, 117, 119

Day 2: 63, 86, 93
Day 3: 10, 16, 68
Day 1: 83, 88, 93, 115 to 128

Day 2: 62 to 68, 86, 90 to 93
Day 3: 14, 16, 34, 62, 65, 68, 73 to 77
Discrepancy / Gap
How to Address Gap

Clause No
10
Improvement
10.1
Nonconformity and
corrective action
10.2
Preventive action
10.3
Continual improvement
gement Standard mapped to Plant Wellness Way

ISO 55001 Clause
When a nonconformity
a) react to
take action
deal...
b) evaluate
reviewing
determining
determining if
c) implement
d) review
e) make changes
Corrective actions shall be

the nature
the results
When a potential
The organization shall continually improve
Required Evidence
a) Establish, implement and maintain a process and procedures for non-conformities and incidents (with
either negative or surprisingly positive outcomes) to assets, the asset's management, the asset
management system
b) A means to record all non-conformities and incidents, both adverse or beneficial
c) The organization appropriately addresses each event
d) A means to track all non-conformities and adverse incidents until resolved
a) Have preconceived plans and solutions to address likely non-conformities and incidents, e.g. first aid
training
b) Address non-conformities and incidents commensurate to the size of risk, e.g. liaison with Emergency
Services for major incidents
Established methods, knowledge and resources are in place to undertake appropriate actions related to
the control of a non-conformity or incident
Established methods, knowledge and resources are in place to undertake appropriate actions related to
the consequences of the non-conformity or incident
To 'evaluate' is to form an idea of the amount, number, or value of; assess
Investigation, assessment and decision whether or not to remove the causes of a nonconformity or
incident. Where the elimination is also done on other assets we will call this 'Lateral Improvement'
Investigation into the non-conformity or incident
Establishing the causes of the non-conformity or incident
Establishing if a similar non-conformity or incident could exist, or could potentially occur elsewhere
Where a response was needed to address the non-conformity or incident it was done appropriately, and
timely
Check and confirm actions taken to address the non-conformity or incident actually worked to reduce any
future occurrence
Undertake system changes, via Management of Change (8.2), where appropriate to eradicate unwanted
non-conformance or incidences, or to establish wanted non-conformance or incidences
a) The response matches the scale of the impact of a non-conformance or incident
b) Escalation results until the event is suitably addressed
The related documents, information and records are controlled
Prove the event was investigated and addressed in a timely and appropriate manner
Prove actions were taken and they were effective or not, and if not alternate, more effective, actions
were taken
a) A process to proactively identify potential defects or future problems is used
b) Comprehensive procedures for evaluation of risks, recommendation for action and/or changes, the
effectiveness of recommendations, are established and followed
a) Preventive action recommendations are undertaken commensurate to the risk from the defect or
problem
b) The corrective action process is followed to implement preventive actions
a) A process and procedures are established, used and maintained for identifying opportunities, both
from internal and external sources, for continual improvement of the organization's assets' management
and asset management system in order to achieve its objectives
b) Assessment of the financial and non-financial benefits to be gained from proposed improvements
ISO 55000: Continual improvement is a concept applied to the assets, the asset management activities and the asset
management system, including outsourced activities or processes
Establish plans and processes to control nonconformities and their associated consequences to assets, asset
management processes and the asset management system, to minimize any adverse effects on the organization and
on stakeholder needs and expectations. Corrective actions are actions taken to address the root cause(s) of
identified non-conformances, or incidents, in order to manage their consequences, and to prevent or reduce the
likelihood of recurrence. Process(es) and their associated procedure(s) are established, implemented and
maintained for the handling, investigation and correction of nonconformities, functional failures, and incidents
associated with assets, asset systems and the asset management system
Preventive actions, which may include predictive actions, are those taken to address the root cause(s) of potential
failures or incidents, as a proactive measure, before such incidents occur. The organization should establish,
implement and maintain process(es) for initiating preventive or predictive action(s).
Adopt an ongoing, organisation-wide process(es) to identify, assess and implement improvements for the assets,
asset management, or asset management system. Collect information on new knowledge, technologies and
practices that could bring useful improvement. Gather data from the current assets, asset management, and asset
management system performance to identify opportunities for continual improvement.
Design, document, establish, resource and action a risk based process(s) and procedure to
assess and address nonconformities in assets, asset management processes and the asset
management system to produce an ALARP level of asset risk as minimum. The effectiveness
of the corrective actions are to be reviewed and necessary changes made to the asset
management system



The documents and records from non-conformances and their investigation and analysis are
controlled.
Design, document, establish, resource and action a risk based process(es) to proactively
identify potential failures in asset performance, evaluate the need for preventive action,
undertake the necessary activities to correct the issues, review their effectiveness and make
necessary changes to the asset management system.
Design, document, establish, resource and action a risk based process(es) identifying
opportunities to continually improve the suitability, adequacy and effectiveness of asset
management and the asset management system through assessing, prioritizing and
implementing actions to achieve continual improvement and reviewing their subsequent
effectiveness
Apply IONICS analysis to design the non-conformity and corrective action processes with responses
commensurate to the risk, including all considerations noted in the bullet points, and develop the
associated ACE 3T procedures
Use 3-Factors Risk Analysis on IONICS produced process to develop contingencies to handle the
non-conformity or incident and to deal with the consequences
Apply IONICS analysis to develop 'Lateral Improvement' processes and associated ACE 3T
procedures

Satisfy the documented information requirements of ISO 55001
Apply any or all of Physics of Failure Analysis, Reliability Grow Cause Analysis (RGCA), 'Chance of
Success' analysis, DOCTOR operating profit optimisation, or Process Step Contribution Mapping
Put preventive actions changes through Management of Change process to decide which
preventive actions to incorporate into processes and respective ACT 3T procedures
Apply any or all of Physics of Failure Analysis, Reliability Grow Cause Analysis (RGCA), 'Chance of
Success' analysis, DOCTOR operating profit optimisation or Process Step Contribution Mapping
and put continual improvement changes through Management of Change process to decide which
improvements to incorporate into processes and respective ACT 3T procedures
Day 1: 19 to 34, 44, 45, 67 to 81, 91 to 114, 119

Day 2: 9 to 21, 28 to 33, 41 to 45, 49 to 59, 62 to 65, 94 to 102
Day 3: 10 to 16, 28 to 32, 44 to 57
Day 1: 19, 20, 29, 30, 82 to 114, 118, 1128

Day 2: 9 to 21, 41 to 58, 85 to 87, 99 to 107, 114 to 127
Day 3: 16, 18 to 23, 37 to 43, 52 to 57, 68 to 77
Day 1: 19, 29 to 32, 44, 91 to 111

Day 2: 98 to 113
Day 3: 28 to 32, 52 to 57
Discrepancy / Gap
How to Address Gap

ISO-55001 Mapped To Plant Wellness Way

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ISO 55001:2014 Asset Management Requirements Mapped to the Plant Wellness Way Methodolo

nt Wellness Way Methodology

ndard and its related publications.

Plant Wellness Way 3-day training course.

p you fix them.

ime consuming and

ISO 55001:2014 Asset Management Standard mapped to Plant Wellness Way

ISO 55001 Requirement

Context of the organization

Understanding the organization

Understanding the needs and

Determining the scope of the asset

Asset management system

ent Standard mapped to Plant Wellness Way

The organization shall determine

Asset management objectives, included

The organization shall determine:

the stakeholder requirements...

The organization shall determine the boundaries

The organization shall define

The scope shall be available

The organization shall establish

The organization shall develop a SAMP

To 'determine' is to establish by research.

a) This requires an Asset Register

An asset management system is to be established, implemented, maintained and continually improved. An

How to achieve requirements using ISO 55001 Tools and Techniques

Undertake a Business Environmental Scan

Satisfied as noted above and in 'Required Evidence' column

Satisfied as noted above and in 'Required Evidence' column

The Scope is a controlled document

Develop a document called 'Strategic Asset Management Plan'

How to achieve using Plant Wellness Way Techniques

Apply IONICS analysis to correctly design integrated asset management processes

Relevant Slides in PWW Training Presentations

Day 1: 82 to 88, 115 to 128

Day 1: 82 to 90, 115 to 128

Day 1: 82 to 90, 115 to 128

Relevant Articles on LRS Website

Currently in Your EAM System

How to Address Gap

ISO 55001:2014 Asset Management Standard mapped to Plant Wellness Way

Leadership and commitment

ISO 55001 Clause

Top management shall demonstrate

ensuring that the asset management policy

ensuring the integration

ensuring that the resources

communicating the importance

ensuring that the asset management

directing and supporting

supporting other relevant...

ensuring that the approach used

Top management shall establish

Top management shall ensure

Top management shall assign

b) ensuring that the asset

d) ensuring the suitability

e) establishing and updating

To show 'leadership' means to take action to direct a group.

Doing 'supporting' involves giving encouragement and assistance

How to achieve requirements using ISO 55001 Tools and Techniques

Satisfied as noted above and in 'Required Evidence' column