PAS 55 is the asset management specification – for the optimized management of physical assets. Purchase your copy of PAS as a PDF download or hard copy directly from the official BSI Shop. All BSI British Standards available. Asset Management PAS 55/ISO. -‐ The Sustainable Business. Strategy for Opera4onal Excellence. Asset Management is NOT about. Managing Assets.
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Over 50 public and private organisations spanning 10 countries and 15 sectors contributed to the specification, along with user feedback. Find Similar Items This product falls into the following categories.
This PAS has been developed in consultation with a large number of international organizations and individuals from a wide range of industries that are active and proficient in the field of asset management including the Institute of Asset Management IAM. Part 1 of PAS 55 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles.
Inthe British Standards Institute BSIin collaboration with the Institute of Asset Management, released Publicly Available Specification 55 part 1 and 2, which was considered the first internationally recognized specification for Asset Management.
It enables the integration of all aspects of the asset life cycle: The criterion for including such requirements has been that, without them, the asset management system would be regarded as deficient. Key stakeholders are brought together to collaboratively produce a BSI PAS that has all the functionality of a British Standard for the purposes of creating management systems, product benchmarks and codes pad practice.
Please download Chrome or Firefox or view our browser tips. Making Common Sense Common Practice. PAS describes asset pad as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan. PAS describes asset management as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.
PAS 55 – What is it and what’s the next step? — Life Cycle Engineering
It can be used for:. The standard is split into two parts: You may have heard the term PAS 55 and wondered how it applies to you. Learn more about the cookies we use and how to change your settings. Part 1 – 555-1 for the optimized management of physical infrastructure assets Part 2 – Guidelines for the application of PAS Part 1 of PAS 55 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles.
It defines the integrated approach required to meet conflicting stakeholder demands, achieve best value for money and deliver significant performance improvements. Evidence, in the form of controlled and systematic processes, to demonstrate legal, regulatory and statutory compliance.
PAS 55 is applicable to any organization where physical assets are a key or critical factor in achieving its business goals. PAS 55 provides detailed guidance and examples of good practice in all facets of bwi, owning and ultimately disposing of physical assets.
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Applying PAS 55 can help your organization demonstrate a high level of bi in whole life cycle management of its physical ps.
You may experience issues viewing this site in Internet Explorer 9, 10 or The specification is utilised within public services and property, utilities, transport, manufacturing, mining, oil and gas, defence, pharmaceutical, process and heavy engineering industries. It then underwent a substantial revision with 50 participating organisations from 15 industry sectors in 10 countries. You may experience issues viewing this site in Internet Explorer 9, 10 or Part 1 is the specification for the optimized management of physical assets and Part 2 contains the guidelines for applying the specification.
You may find similar items within nsi categories by selecting from the choices below:. In November a revised and expanded version ISO The management of physical assets is inextricably linked to the management of other asset types and these other asset types are considered within the asset hsi system insofar as they have a direct impact on the management of physical assets.
It was published in response to demand from industry for a standard for asset management. Search all products by. Your basket is empty. Search all products by. Your basket is empty. The three international standards ISOand are important because they represent a global consensus on asset management and what it can do to increase value generated by all organisations.
For example, the optimal life cycle management of physical assets is heavily dependent upon information and knowledge, human assets and financial resources, and often has a significant impact on reputation and customer satisfaction. Use it to help you: Standard Number PAS Use it to help you: Views Read Edit View history. About us Industry Listings Contact us.
PAS 55 is applicable to all sectors and all asset types and is in widespread use by many enthusiastic users.
It will explain what to do, not how to do it, and finally allow organizations to self-declare conformity. Guidance on alignment of asset management, finance and accounting ISO It was equally applicable to public and private sector, regulated or non-regulated environments.