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DOD ISO 55000 Asset Management Benefits

The document discusses adopting the ISO 55000 asset management system standard to address challenges with counterfeit parts at the Department of Defense. ISO 55000 provides a framework to effectively manage this issue on an ongoing basis by taking a holistic approach to identifying and mitigating risks. It represents international best practices and addresses the root causes of problems to improve decision making, compliance, and overall asset management. Adopting ISO 55000 could help assure that counterfeit part issues and other current and future challenges are handled properly without additional rules or solutions.

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Dia Putranto Harmay
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123 views12 pages

DOD ISO 55000 Asset Management Benefits

The document discusses adopting the ISO 55000 asset management system standard to address challenges with counterfeit parts at the Department of Defense. ISO 55000 provides a framework to effectively manage this issue on an ongoing basis by taking a holistic approach to identifying and mitigating risks. It represents international best practices and addresses the root causes of problems to improve decision making, compliance, and overall asset management. Adopting ISO 55000 could help assure that counterfeit part issues and other current and future challenges are handled properly without additional rules or solutions.

Uploaded by

Dia Putranto Harmay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

DOD Counterfeit Parts:

The ISO 55000 Asset Management


System Opportunity

Asset Leadership Network


Presenter: Jim Dieter, Executive Director
703-629-9014
[email protected]
June 16, 2014

Asset Leadership Network


(ALN)
The Asset Leadership Network is a trade
association promoting the benefits of asset
management in the US and across North
America
Jim Dieter of Turner & Townsend AMCL
Executive Director of the ALN
ANSI/US Head of Delegation to ISO PC/251 for the
development of ISO 55000
30 years experience as an asset manager for
government contractors and private industry, and as
an asset management consultant for numerous
Federal agencies
2

Recommendation
DOD should adopt ISO 55000 Asset
Management System to meet the remaining
counterfeit parts challenges and requirements
Adoption of ISO 55000 would provide assurance
that this problem is addressed effectively going
forward
Adoption of ISO 55000 would provide assurance
that other current and future issues, risks, and
opportunities would be identified and addressed
without the need for additional legislation,
regulation, and isolated, point solutions

ISO 55000
Development Background
ISO 55000 Asset Management
System was published in January
2014
It represents the best thinking on
asset management from around the
world
US delegation had substantial
impact on the documents
Broad US cross sector involvement
Significant Federal involvement
4

Core Concepts
Asset is an item, thing or entity that has
potential or actual value to an organization
Management system Set of interrelated
or interacting elements of an organization
to establish policies and objectives, and
processes to achieve those objectives
Assets and asset management are
linked to the organizational strategic plan
and support the mission and objectives of
the organization
5

ISO 55000 Series Structure


ISO 55000: Asset Management - Overview,
Principles and Terminology

ISO 55001: Asset Management


Management Systems - Requirements

ISO 55002: Asset management


Management systems Guidelines for the
application of ISO 55001
6

Benefits of Asset Management

improved financial performance


informed asset investment decisions
managed risk
improved services and outputs
demonstrated social responsibility
demonstrated compliance
enhanced reputation
improved organizational sustainability
improved efficiency and effectiveness

Asset Management Fundamentals


Value
Alignment
Leadership
Assurance

Managing the
Organization
Asset
Management
Asset
Management
System

Asset
Portfolio

Coordinated
activity of an
organization to
realize value
from assets
Set of
interrelated or
interacting
elements to
establish AM
policy, AM
objectives and
processes to
achieve those
objectives

Assets that are withi


the scope of the asse
management system

Asset Management System

The Organization
Leadership
Plans
Support
Operation
Performance Evaluation
Improvement
10

The ISO 55000 Opportunity


At a strategic and structural level,
ISO 55000 addresses remaining
counterfeit parts legislative
guidance
OMB A-119 compliance
ISO 55000 provides an improved
path forward that addresses root
causes and that identifies and
manages both risk and
opportunity

Thank You
Asset Leadership Network
www.assetleadership.net

Contact Information: Jim Dieter

[email protected]
[email protected]
703-629-9014
www.amcl.com

ISO 55000 Asset Management System


www.webstore.ansi.org

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