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REAL. WORLD. EXPERIENCE.

ISO5500X STANDARDS

Asset Management Innovation Day Perth 14 March, 2016

Peter Stewart, VP Global Business Development, Mining & Natural Resources

John Dwyer, Principal Consultant, Vesta Australia Asia Pacific

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AGENDA

Introductions

Overview ISO5500X Asset Management Standards

ISO5500X and SAP Functionality

Asset Management Plans

Asset Master Data Management

Operational Risk Management

System Assurance

Vesta Service Offerings

Wrap-up and Questions

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OVERVIEW ISO5500X STANDARD

ISO5500X Asset Management Standard

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ISO5500X OVERVIEW

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POTENTIAL BENEFITS

Regulatory Compliance Mainly applicable to public entities. The international standards will provide a clear framework and increase transparency for regulators assessing submissions from organisations they regulate to ensure that they obtain value for money while also protecting the long-term integrity of assets.

Contribution to Due Diligence The standards are likely to provide a

good asset management practices and a risk-based approach. Alignment with the standards may also afford some protection in the event of safety, environmental or financial events, and may also influence insurers assessing the

determining premiums.

Marketing Strategy Some organisations may see some form of certification as offering an inducement to investors or providing commercial advantage.

Competitive Advantage Companies may see the potential for organisational efficiencies and advantages inherent in good asset management practices, including increased sustainability of the asset base through early forecasting of capital and operational expenditure needs.

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VALUE PROPOSITION

There are three ways in which organisations might choose to embrace the ISO5500X standards:

Alignment

Using ISO5500X, assess current asset management practices and adopt those elements of the standards the organisation considers appropriate. This might be applicable where the cost of changing embedded practices exceeds the benefits of compliance with the standards.

Compliance

Develop an asset management system that is fully compliant with the requirements of ISO55001, but not seek certification. This could achieve the benefits of a certified asset management system without the initial and on -going cost of certification.

Certification

Based on a clear business case, embrace certification to realise the full benefits of a certified asset management system.

Having ISO55001 Asset Management assessor certification, Vesta is well placed to assist you to assess your asset management practices and support you to design and implement an asset management system aligned with your business needs.

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ASSET MANAGEMENT SYSTEM ELEMENTS

4.1 Understanding the organisation & its context4.2 Understanding the needs and expectations of the stakeholders5.1 Leadership & commitment5.3 Organisational roles, responsibilities & authority

4.4 Asset Management System6.1 Actions to address risks & opportunities for the AMS

5.2 Policy

7.1 Resources7.2 Competence7.3 Awareness7.4 Communications7.5 Information requirements7.6 Documented information

4.3 Determining the scope of the AMS6.2.1 AM objectives

6.2.2 Planning to achieve AM objectives8.3 Outsourcing (scope)

8.1 Operational planning & control8.3 Outsourcing (control)8.2 Management of change

8.2 Management of change9.1 Monitoring, measurement, analysis & evaluation9.2 Internal audit9.3 Management review10 ImprovementFigure B.1 ISO55002:2014

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ISO5500X & SAP FUNCTIONALITY

ISO5500X Asset Management Standard

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ASSET MANAGEMENT SYSTEM ELEMENTS

PPM/ PSMEB

Task Lists

MaintPlans

CBM/ MIIMeasures

Notis/ WOs

MM Services

MDMGovernance

FLs, EQs, FARs

EHS

Business Intelligence

AIN, BOM, Classification

Cost Mgmt

WorkCtrs, HCM, Qual

Document Mgmt

Operational Risk Management

AssetMaster Data

Asset Management

Plans

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ASSET MANAGEMENT PLANSUse of SAP PPM, PS and PM to deliver asset management plans.

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ASSET MANAGEMENT PLANSISO 55000 R EQUIREMENTS

Integrated with financial and HR

AMP aligned with AM Policy and

SAMP.

Requirements from outside

asset management.

Method and criteria for

decision making and prioritisation.

AMP to achieve asset

management objectives.

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ASSET MANAGEMENT PLANS WITH SAP

Strategic Asset

Management Plan

Proposed

Projects and

Programs

YEAR

0

YEAR

1

YEAR

2YEAR

3

YEAR

4

YEAR

5

Approved

Projects and

Programs

Ranking and

Review

Tool

OrganisationalObjectives

RINand Risk Outcomes

Good Citizen Outcomes (OH& S and Environmental )

Customer Outcomes (Production , Quality )

Asset Outcomes (Reliability , Performance )

ProjectsProjectsMaint

Plans

ProjectsProjects

Projects

SAP PPM

SAP ECM / DMS

ASSET BASE

SAP -BI

(also Meridium , Reva)

Asset

Performance

Analytics

Predictive

Analytics

SAP-PS, SAP-PM

ISO 55000Asset Management Plans

Inspections

Defects

Failures

Status ,

Costs,

Quantities

Approvals

and

BudgetRanking Scores

CostsResource Demand

Incident &

Root Cause

Analysis

Portfolio (AMP)

Execution

Monitoring

Asset

Management

Plan

OPEX Budget

Performance

AMP

Adjustments

SAP

Maintenance

Cost Budgeting

ProjectsProjects

Notis &

Work Orders

Asset Costs &

Performance Measures

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ASSET MASTER DATA MANAGEMENT

Use of SAP functionality to deliver:

Asset Master Data Definition

Asset Master Data Governance

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MASTER DATA MANAGEMENTISO 55000 R EQUIREMENTS

Data Management Processes.

Attributes of Information.

Data Management Processes.