BSI PAS 55-1 PDF

PAS 55 is applicable to any organization where physical assets are a key or critical factor in achieving its business goals. It was published in response to demand from industry for a standard for asset management. To ensure consistency with other related management system standards and to facilitate its alignment or integration, it was considered that asset management would be best standardized as a specification, with the information on implementing asset management distilled into key requirements. The criterion for including such requirements has been that, without them, the asset management system would be regarded as deficient. The standard is split into two parts: Part 1 - Specification 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.

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PAS 55 is applicable to any organization where physical assets are a key or critical factor in achieving its business goals. It was published in response to demand from industry for a standard for asset management. To ensure consistency with other related management system standards and to facilitate its alignment or integration, it was considered that asset management would be best standardized as a specification, with the information on implementing asset management distilled into key requirements.

The criterion for including such requirements has been that, without them, the asset management system would be regarded as deficient. The standard is split into two parts: Part 1 - Specification 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.

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 management system insofar as they have a direct impact on the management of physical assets. 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. Applying PAS 55 can help your organization demonstrate a high level of professionalism in whole life cycle management of its physical assets.

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.

What are the benefits of optimized life cycle asset management? Such benefits are most often associated with the application of a number of key principles and attributes in the design and implementation of the asset management system; these are explained further in PAS

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BSI PAS 55-1 PDF

Zum PAS 55 supports third party and self-assessment to assure customers, owners, employees, regulators and other stakeholders that the business is in good hands. 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 of practice. Evidence, in the form of controlled and systematic processes, to demonstrate legal, regulatory and statutory compliance. The PAS gave guidance and a point requirements checklist of good practices in physical asset management ; typically this was relevant to bdi, electricity and water utilities, road, air and rail bso systems, public facilities, process, manufacturing and natural resource industries. The specification defines the integrated approach required to meet conflicting stakeholder demands, achieve best value for money, and deliver significant performance improvements.

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ISO 55001:2014

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