Asset management strategy policy pas 55
Infrastructure Asset Management Training by focusing on such areas as ISO and PAS 55 implementation, better definition of capital projects and adopting a lifecycle approach to decision making. The ultimate goal is to maximize the useful life and value of your staff, equipment and infrastructure assets. Asset Management PolicyFigure 2 below, further explains the relationship between the OSP, planning and implementation of asset management elements in PAS 55. The above diagram depicts how asset systems, activities and planning are ultimately a consequence of the organization's strategic objectives and a reflection of its organizational values. asset management strategy policy pas 55
PAS 55 is structured around the familiar PlanDoCheckAct cycle of continual improvement, and introduces the need for a number of essential 'enablers and controls' to ensure alignment, integration and sustainability of efficient and effective asset management activities.
specified in recognised approaches, such as PAS 551: , the IIM2 and the approach of the U. S Highways Agency3. asset management and to inform the Asset Management Policy, Strategy and Framework. 4 Scope of asset management (Step 2) The two main categories that determine the scope of asset PAS 55 4. 3: Asset management strategy, objectives, and plans This section of the standard refers to examples of the components that are typically an integrated part of an asset information system.asset management strategy policy pas 55 PAS 551 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.