In the previous post, Ross talked about resources on asset management plans that are available.
In this post, Ross gives a brief introduction to ISO management standards, particularly ISO 55000. He continues:
Another one you really need to know about is this thing here, which is ISO 55000.
So, that’s the international standard and it is Asset Management. And it has a 55000, 55001 and 55002 as the standards do.
It’s ISO management standard if you know about ISO management standards. So, ISO 9000 series for quality management; 14000 for environmental management. This one is the same sort of thing.
So, it sets out a management framework for asset management.
It got 77 “Thou shalt, you shall do this” statements from there. And that sort of the overriding international framework.
The thing with ISO standard is you can be “do them” and be “audited on them” and have a very strict audit and updating process. For bigger organizations, they tend to do that.
The small ones will go hey, I like what’s in there. We’ll follow the principles and the objectives but we won’t go through the whole auditing process.
Now, this IIMM 2015 update, one of the primary drivers of this update was to align it with ISO, so ISO came out in 2014.
So, all the way through this, let’s go see this chapter, this section of the ISO. What we did was, we created the crosslinks between the international infrastructure management manual and the ISO.
There’s also practice notes and the Australians put out a lot of those.
There are individual guides for valuation, depreciation, optimized decision making, levels of service guides, things like that, available in the industry
And then the other thing is obviously there’s legislation that you have to comply with.
Individual industries have templates.
So we’re doing some work at the moment with Otago University, facilities and asset management for all their properties.
And the Tertiary Education Commission is the governing body for universities and they have a template for asset management plans.
District health boards have a different one. Education in New Zealand, the primary and secondary education have five and ten-year management plans, which have their own templates.
So, electricity has a different one. So the Commerce Commission and the Electrical Commission have a requirement for asset plans that dropped out of the Auckland power crisis from years ago and they have a slightly different standard.
So, the key thing to know about them is that they are not all uniform, different industries have different guides.