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PAS 55-1 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
This Publicly Available Specification (PAS) was first published in 2004 in response to demand from industry for a standard for asset management. It is applicable to any organization where physical assets are a key or a critical factor in achieving its business goals. This 2008 revision reflects the increasing international consensus about required good practices in the management of such physical assets.
PAS 55-1 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, however, 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.
PAS 55-1 is applicable to all sizes of business, from small to medium enterprises through to multinationals, and to any organization that wishes to:
a) Establish an asset management system to optimally and sustainably manage its physical assets over their life cycles or over a defined long-term period b) Implement, maintain and improve an asset management system c) Assure itself of its compliance with its stated asset management policy and strategy d) Demonstrate such compliance to others e) Seek certification/registration of its asset management system by an external organization f) Make a self-determination and self-declaration of compliance with this PAS.
Contents:
Acknowledgement Foreword 0 Introduction 1 Scope 2 Reference publications 3 Terms and definitions 4 Asset management system requirements 4.1 General requirements 4.2 Asset management policy 4.3 Asset management strategy, objectives and plans 4.4 Asset management enablers and controls 4.5 Implementation of asset management plan(s) 4.6 Performance assessment and improvement 4.7 Management review Annex A (informative)
Correspondence between PAS 55-1:2008, BS OHSAS 18001:2007, BS EN ISO 14001:2004 and BS EN ISO 9001:2000 Bibliography
PAS 55-1:2008 and PAS 55-2:2008 supersede PAS 55- 1:2004 and PAS 55-2:2004, which remain current and obsolescent until 1 March 2010 when they will be withdrawn.
PAS 55-1 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
Contents: