Achieving the UN Sustainable Development Goals and ISO 55000

extract from – Achieving the UN Sustainable Development Goals

Good Asset Management is a key enabler for organizations seeking to contribute to the achievement of the United Nations’ Sustainable Development Goals (SDG). Asset Management provides clarity of purpose and the management system to ensure that good intentions are turned into practical reality.

Effective and efficient organizations use a structured approach to their Asset Management in order to resolve competing priorities and ensure that long-term benefits are not sacrificed for more immediate needs. An Asset Management System (AMS) based on the ISO 55000 family of standards helps an organization to establish a coherent approach and coordinated delivery of appropriate resources and activities. It also incorporates monitoring and continual improvement elements to assure sustained achievement of the strategic objectives.

An effective and efficient AMS aligns an organization’s Corporate Social Responsibility (CSR) goals with daily activities and processes. Asset Management incorporates such goals into technical and financial decisions, to derive clear plans and activities. The AMS ensures performance delivery, monitoring and continual improvement to achieve the CSR goals at all levels.

“The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait”

Before the House Committee on Transportation and Infrastructure on “The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait”

review it here result for The Cost of Doing Nothingr .

In Brief 

Governors made investing in our nation’s infrastructure a top priority in 2019 and for the 116th Congress.

Infrastructure is the foundation states are built upon. It impacts everything from economic development and global competitiveness, to our quality of life, safety, environment and resiliency. Governors have taken action to enhance infrastructure, including creating new and increasing existing funding streams, advancing public private partnerships, addressing regulatory delays, improving transparency and promoting innovation.


Capital planning through the lens of ISO 55000

This paper is addresses capital planning that will be created by top management who understand organizational objectives and who want to implement a systematic approach to improved asset management. Case studies of organizations that have used advanced asset management systems are provided for context. Pertinent sections of ISO 55000/1/2 are addressed. First steps are suggested. And, very importantly, the ability to align existing Capital Planning standards, regulations and requirements with the ISO 55000/1/2

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#assetmanagement   #ISO55000  # IAM #Assetfinance

San bruno case study – PG& E

This case study is an overview of the actions taken by PG&E to transform its Gas Operations and begin rebuilding its reputation following the explosion of a gas transmission line in San Bruno, CA (near San Francisco).
This incident is relevant because the actions taken and the lessons learned are applicable to all gas operations worldwide to ensure catastrophic preventable incidents like this do not occur in the future including ISO 55000 and Strategic Asset Management

If you are interested in receiving a copy of the slides please complete the following form.


Impact of the GAO Report – GAO-19-57 Federal Real Property Asset Management

The recent report by the GAO on  Federal Real Property Asset Management . In this post we discuss the implications of this report  for both Private and Public-Sector Organizations.

Background :Senators Claire McCaskill and Tom Carper requested the U.S. Government Accountability Office to study the potential value of the ISO 55000 management system for asset management on the federal government


Can Technology get me to Scheduling Nirvana

The Simple answer  is No, before implementing any technology or even perfoming a major upgrade to your scheduling solution you should consider the following:

Assessment of Current Maintenance Strategy – Have you determined whether it’s more cost effective to perform maintenance or to run equipment to failure? To repair in-house or buy a replacement? These and many more questions are answered. 

Schedule Variances Cost Evaluation – Do you know the costs associated with last minute schedule changes like lost time, expedited shipping, and lost production? Identifying these costs is the first step to reducing or eliminating them. 

Maintenance Value Realization – Recognizing inefficiencies is the first step in correcting them. No matter which EAM/ERP/CMMS system you use, we have the experts to assist your team in developing a solution that works for your organization.  

What is the best approach to stress the importance of having a proper maintenance plan ?

Typical maintenance costs of world class maintenance organizations average 2% or less of plant replacement cost * (Reliability Magazine Article) 

Every $100,000 saved in a maintenance department is equivalent to a $2,000,000 increase in sales, assuming net 5% margins. 

The Criticality Assessment provides improved understanding of facility components critical to continued safe operation. 

Failure Modes & Effects Analysis (FMEA) and Root Cause Failure Analysis (RCFA) development identifies likely failures and consequences of those failures. 

Predictive Maintenance versus scheduled Preventive Maintenance 

Understanding PdM Implementation Costs – Most equipment need not be taken offline to use PdM. The increase in production more than offsets any costs to implement. 

Predictive Maintenance (PdM) Technologies have come down in price. 

Preventive Maintenance on a predetermined time frame can result in unnecessary maintenance, excessive downtime, increased accidents and excessive parts inventories. 

Predictive Maintenance/Condition Based Maintenance is more cost effective. 

Labor productivity losses such as …

Waiting for instructions

Looking for supervisors 

Checking out the job 

Multiple trips to the store 

No special tools 

Waiting for approval 

Too many technicians per job 

Things to Consider when looking at Equipment Reliability

Equipment Criticality Assessments – Are you performing maintenance on non-critical equipment while ignoring maintenance on equipment critical to safety, production or regulatory requirements?  

Failure Modes & Effects Analysis (FMEA) Support – Do you know what equipment is critical and what the true cost of its failure will be?  

Root Cause Failure Analysis (RCFA) Support – Do you know how to identify the root cause of a problem so it can be addressed and to keep it from returning?  

Predictive Maintenance Technologies – Cost-effective application of predictive maintenance technologies can assess equipment health during operations and can help reduce the need for periodic overhaul-type maintenance tasks. Let AJAG’s network of seasoned reliability resources assess your use of predictive maintenance technologies to ensure maximum value from your critical assets. 

Methods and Maintenance Strategy Evaluation – We can help you evaluate typical maintenance strategies, including: 

  • Repair vs. Run-to Failure Analysis 
  • Lost Production Cost Analysis due to PM Practices 
  • Predictive Maintenance Technology Analysis 

Want to Learn more ?

AJAG has a network of senior maintenance and reliability professionals to support the entire lifecycle of your equipment assets from design through disposal, all in support of ISO-55001 compliant Best Practices. Our advisors and facilitators have been where you are and have worked through the problems you have.

Let them guide you to understanding how to extract full value from your equipment assets now and in the future.