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PAS-55
A Publicly Available Specificationfor the
Management of Physical Assets
Nick HastingsCentre for Integrated Engineering Asset
Management
[email protected]
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What is PAS 55?
A Specification for theManagement of
ys ca sse s
British StandardsInstitution 2004.
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Comparisons
Quality, ISO9000, Six Sigma;
Safety and Health AS4801;
Asset Management PAS-55; governance, nothni l ifi i n .
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PAS 55 References
- . , .
PAS 55-2 Asset Management. Part 2: Guidelines for
Application.
-. .
Competency Requirements for the Management of Physical Assetsan
n ras ruc ure. une . e ns u e o sse anagemenwww.iam-uk.org
International Infrastructure Management Manual. Association
ofLocal Government Engineering NZ Inc.
. . .
IEC 60300 Dependability Management standards.
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Physical Assets
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Mine Site Assets
Power Coal
Train
Loading Maintenance Accessstation WasherSilo area Road.Dam
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Conveyors from
mineCoal storage + Stacker/Reclaimers
Railway to coast
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PAS-55 Aims
To develop an approach to asset management which is:
o st c g p cture;
Systematic methodical;
Systemic integrated;
s a s es a governance s ruc ure;
Sustainable;
Risk-based.
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Implementation Status
Infrastructure companies have been active in theimplementation
of PAS-55, including:
National Grid (UK)E n BV N h rl n
EdF energy (UK)
Ofgem, the gas and electricity networks regulator in
e requ res ne wor opera ors o e comp an yApril 2008.
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Why Go For PAS-55?
For the organization, establishing a prestigerelationshi :
with the public;
with regulators;
with competitors;
compare 9000, 14000, 4801.
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Why Go For PAS-55?
Within the company:
and its role in profitability;
,financial returns;
Insurance, health and safety, regulatory benefits;
mprovemen s n ra n ng an eve opmen .
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Physical Asset Management A Grey Area
wner = us ness s ra egy
Senior Management
Grey Area
Operations Manager
perationsMaintenance Manager
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a n enance
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PAS-55 Fills In the Grey Area
wner = us ness s ra egy
Business Development Group
Asset Managers
Current equipment
strate
Operations Manager
perationsMaintenance Manager
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a n enance
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Asset Management in the Organizational Structure
CEO
Business DevelopmentGroup
Chief
Financial
Chief
Information
Chief
Operations
Chief Asset
Management
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Age Profile of Electricity Distribution Assets
300
350
200
250
100
150 CB Bays
1000 Poles
0
50
0 to 9 10 to 20 to 30 to 40 to
yrs 19 yrs 29 yrs 39 yrs 49 yrs
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. . , , ,
Conference 2002.
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Capital Cost Implications of Replacement Program
600$Millions
400
500
200
300 Transformers
CB Bays
0
100
ow to yrs toyrs
toyrs
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Capital Equipment Lead time Activities
Demand
Planned Capacity
Forecast
Lead TimeLead Time Activities
oncepDesign
Costing/Financials
TenderingConstruction\Ac uisition
TimeNow
InstallationRun Up
Personnel Training
ost
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& Deployment
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Asset Management 101
ec n ca now e ge
Business knowledge
e cyc e cost ng
Asset information systems
Financial analysisStakeholder involvement
Maintenance policydevelopment
Product knowledge
Pro ect mana ement
Outsourcing
Condition monitoring
Operational knowledge Inventory management
Asset renewal lannin
Level of repair analysis Risk analysis
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PAS-55 Asset Management System Elements
. o cy an ra egy
Organization for AssetManagement
ys em-Wide
Asset DevelopmentPlanning
4.3.2 Risk 4.3.64.3.3
4.3.1 Asset Management
Information Systems
-4.3.4 - 4.3.5
Assessment& Control
ManagementPlans
ComplianceRequirements
4.4.1 Structure
Specific
4.4.6 Operations 4.4.7
Objectives,Targets
and Authority
4.4.2 Training,Awareness &
Control mergencyResponse
4.4.3 4.4.5Communication,
ompe enc es
4.5.1 Performance& ConditionMonitoring
4.5.2 ReliabilityAnalysis &
Engineering4.6 Management
ocumen a on
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Improvement
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Competency
Competency of the system;
Com etenc of individuals.
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Competency Gap Analysis
-
4.2 Policy and Strategy 28 20 8
. . sse n orma on ys em
4.3.2 Risk Management 20 17 3
. . egu a ory comp ance
4.3.6 Functional level planning 24 18 6
. . ruc ure an respons es
4.4.2 Training 16 10 6
. .4.6 Continual improvement 12 6 6
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PAS-55 Implementation
Top management commitment;
Facilitator;
Internal asset / organizational experts;
Web based document.
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Benefits for the Organization
Relationships:
with government;
w regu a ors;
with external stakeholders;
with competitors;
compare ISO9000, ISO14000, AS4801.
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Benefits within the Organization
Top management awareness of asset management
Improvements in asset capability;
Improvements in training and development;
nanc a an non- nanc a ene ts rom a t e a ove.
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Where to Next?
Should we have an Australian Standard?
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The End
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Aims
To provide an overview of PAS-55;
o s ow ow -55 can e use as a as s or assetmanagement
organization and planning;
To show how PAS-55 can be used as a basis for
competency rating and competency gap analysis;To assist
participant companies to get benefits from thePAS-55 approach.
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Related Standards
AS4360 Risk Analysis and Risk Management
e yc e os ng
ATA MSG-3 Air Transport Association Maintenance
BS5760 Failure Mode and Effects Analysis
- -
IEC 60300-3-10 Maintainability
- -
IEC 60300-3-11 Integrated Logistic Support
ISO14224 Reliabilit and Maintainabilit Data
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PAS 55 Documents
PAS 55-1 Asset Mana ement. Part 1: S ecification for the o
timized mana ement ofphysical infrastructure assets.
ISBN: 0-580-42765 X
PAS 55-2 Asset Mana ement. Part 2: Guidelines for the a lication
of PAS 55-1.
British Standards Institution, London www.bsi-global.com Tel:
+44 (0)20 8996 7070
Related DocumentsCompetency Requirements for the Management of
Physical Assets and Infrastructure.June 2006.
The Institute of Asset ManagementLondon EC1V 4JY Web:
www.iam-uk.org
International Infrastructure Management Manual. Association of
Local Government
Engineering NZ Inc.www.ingenium.org.nz Tel: +64 7 868 3960
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4.2.2 Asset Management Strategy Competence Assessment
ec n que arge c ua ap
Asset demand forecasting 4 3 1
apa ty eve opment system. 4 3 1
Asset retirement planning 4 2 2
nanc a ana ys s
Acquisition project management 4 2 2
Competency Ranking: 5 = Mastery4 = Professional
2 = Developing1 = Initial
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0 = None
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4.3.1 Asset Management Information System
Technique Target Actual Gap
Computerized Maintenance
Management System (CMMS)existence and or anizational su ort
4 2 2
Asset register developed 4 2 2
Maintenance olicies in CMMS 4 1 3
Work request / Work order systems inuse
5 2 3
Stores on-line 4 3 1Configuration management system 4 0 4
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4.4 Implementation and Operation
Technique Target Actual Gap
Organizational structure for fleet managementstrate
4 4 0
Maintenance organizational structure 4 4 0Maintenance services
organizational structure 4 2 2
Effective maintenance planning and control 4 3 1
Effective maintenance facilities provision and budget 4 2 2
budget
Training requirements analysis 4 4 0
ra n ng prov s on an u geStakeholder groups identification and
communication 5 3 2
Emer enc re aredness and res onse s stems 5 5 0
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4.5.1 Performance and Condition Monitoring4.5.2 Reliability
Analysis and Engineering
Technique Target Actual Gap
practices effectiveFailure reporting and corrective action 4 2
2systems (FRACAS) effective
Condition Monitoring 4 4 0Root Cause Analysis (RCA) effective 4
3 1
Reliability analysis, MTBF, failure rate 4 2 2
Engineering support for reliability,availabilit , maintainabilit
im rovement
4 3 1
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