Pas55 Understanding and Opportunities

• 1. PAS55:Understanding &Opportunities WebinarPresenter: Ron Hanners

2. Agenda SAMI Safety Moment SAMI Overview SAMI and PAS55 PAS55 Understanding SAMI PAS55 Approach and Opportunities SAMI Additional Assessment CapabilitiesPAS55 Webinar November 2012 2 3. Safety MomentSAMI standard practice is to start all meetings with a safety moment. This includesour internal meetings and meeting with clients.Here is a quick safety reminder for today: Use of electric cords and extension cords in a meeting room: an adequate number of electrical sockets should be provided and hopefully in a location so cords are not on the floor. Having table top access is preferred. Cords on the floor can definitely be a tripping hazard so we need to not run these cord across walkways or aisles. If you absolutely have to have a cord or extension cord on the floor, tape it down or provide a cord runner strip. Keep it safe! PAS55 Webinar November 20123 4. SAMI Strategic Asset Management IncorporatedSAMI is not your typical management consulting firm. Our expertise is inleading clients in the development of a Performance Culture. We accomplishthis by focusing on Practices and Behaviors around AssetHealthcare, Production, Supply Chain and Capital Management. The result is asafer, healthier, and better functioning organization.Together, as a team, we examine your operational challenges, design anapproach and then implement & sustain the improvements that create aPerformance Culture .By focusing on Practices and Behaviors. We utilize the SAMI Pyramid, theleading model for practices and APEX, the only tool available that measures& tracks 350+ behaviors of a Performance Culture .The SAMI Program can be implemented in every industry and organization. Inthe end, sustained improvements affect all areas of an organization from theC-suite to the shop floor.PAS55 Webinar November 20124 5. SAMI and PAS55 In September 2011, SAMI became one of the first companies worldwide to be endorsed as a PAS 55 Assessor by the Institute of Asset Management. SAMI has performed PAS 55 Assessments with positive results and great reviews by the clients. PAS55 Webinar November 2012 5 6. PAS55 Understanding PAS55-1 defines Asset Management as: systematic and coordinated activities and practices through which anorganization optimally and sustainably manages its assets and assetsystems, their associated performance, risks and expenditures over theirlife cycles for the purpose of achieving its organizational strategic plan The development of the Publicly Available Specification (PAS) has been ledby the Institute of Asset Management (IAM), in collaboration with the BritishStandards Institution (BSI). The International Standards organization (ISO) has now accepted PAS55 asthe basis for development of the new ISO 55000 series of internationalstandards; planned publication in 2014 .PAS55 Webinar November 20126 7. PAS55 UnderstandingHistory and Direction of PAS-55 In 2004, the standard was originally produced by a number of organizationsunder the leadership of the IAM (Institute of Asset Management) The latest version, PAS55:2008, was released in December 2008 withguidance from 50 organizations representing 15 industry sectors and 10countries In 2009, BSI proposed PAS 55 as the basis for an ISO Asset ManagementSystem Standard June 2010 was the preliminary meeting of ISO Asset Management Committeein London ISO approval of PC 251, Asset Management Systems occurred in September2010 In March 2011, the first official meeting of PC251 was held in Australia The official committee draft (CD) was released for comment in November 2011 February 2014: Target date for the release of ISO 55000PAS55 Webinar November 2012 7 8. PAS55 UnderstandingPAS55 Requirements: PAS-55 provides guidance and a 28-point requirements checklist ofpreferred practices in whole life cycle management of physical assets. See graphics on next page: PAS55 Webinar November 2012 8 9. PAS55 Understanding 28ElementsRequired PAS55 Webinar November 2012 9 10. PAS55 UnderstandingWhat is the Value of PAS55 It is a set of systematic and coordinated activities and practices through whichan entire organization optimally manages its assets, and their associatedperformance, risks and costs, over their lifecycle. It forces the organization to work across its silos to define the overarchingoutcomes they agree to achieve over the life cycle of the assets, as well asintegrate and optimize the overall system of assets. It forces the organization to think in strategic time horizons for assetmanagement. It can facilitate the achievement of long term stretch objectives for assetperformance. It can drive continuous improvement through implementation of assetmanagement plans. It is designed to adjust policy, strategies, objectives and plans as theorganizations strategic plans evolve. PAS55 Webinar November 2012 10 11. PAS55 UnderstandingPAS55 Has Some Limitations It does not evaluate the quality of the strategies, objectives, and plans whichare developed. It does not require review of the efficiencies of the strategies, objectives andplans which are executed. To do this, a detailed data driven assessment needsto be performed and controls and monitoring put in place. It does not consider the underlying behaviors that are required to sustain highlevels of performance. It does not require meeting established and agreed performance objectives tobe deemed compliant, and does not require the establishment of world classobjectives. PAS55 Webinar November 201211 12. SAMI PAS55 Approach and OpportunitiesSAMI PAS55 Options Gap Analysis for PAS55 Compliance Formal PAS55 Assessment for certification Gap Analysis combined with other assessments. SAMI keeps the PAS55element assessment separate (arms length) from other assessmentofferings but can provide these Consulting services while on-site. PAS55 Webinar November 2012 12 13. SAMI PAS55 Approach and OpportunitiesSAMI PAS55 Assessment Methodology Interviews with management team and persons performing the actual work.We schedule and execute contacts to minimize the impact on standardwork processes. Comparison of current performance against the 28 elements of PAS-55. IAM PAM (PAS55 Assessment Methodology) Tool utilizes a MS Excelbased gap assessment tool to explore the maturity level of the organization.These maturity levels are aligned with the principles of the InternationalInfrastructure Management Manual. SAMI will also triangulate the interview information with documentation andmetrics. If applicable, some limited/selective observations from keymeetings. Analysis of the collective information will be used to assign the maturitylevel of each element. PAS55 Webinar November 2012 13 14. The Audit Methodology Considers Five Levels of MaturityPAS55 Webinar November 2012 14 15. SAMI PAS55 Approach and OpportunitiesSAMI PAS55 Assessment Methodology Presentation PAS55 Webinar November 2012 15 16. This Chart Summarizes the Average Score as Well as the ScoreRange for Each Element of PAS55:2008 PAS55 Webinar November 201216 17. SAMI PAS55 Approach and OpportunitiesSAMI Additional Assessment Capabilities As we mentioned earlier, PAS55 Has Some Limitations: Doesnt assess the quality of the strategies, objectives, and plans Doesnt require review of the efficiencies of the strategies, objectives and plansexecuted. It does not consider the underlying behaviors that are required to sustain highlevels of performance. To do this, a detailed data driven assessment needs to be performed andcontrols and monitoring put in place. SAMI has several offerings forassessments that focus on behaviors and performance as well as thePAS55 requirements. SAMI can focus on AssetHealthcare, Production, Supply Chain and Capital Management. PAS55 Webinar November 2012 17 18. ConclusionPlease contact SAMI to Answer your PAS55Questions and Begin theDiscussion ofDeveloping a Performance Culturein Your Organization PAS55 Webinar November 201218