Pass 55

PUBLICLY AVAILABLE SPECIFICATION
PAS 55-1:2008
Asset Management
Part 1: Specification for the optimized
management of physical assets
www.theIAM.org
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
ICS code: 03.100.01 --`,,```,,,,````-`-`,,`,,`,`,,`---
NO COPYING WITHOUT BSI PERMISSION EXCEPT AS PERMITTED BY COPYRIGHT LAW

Copyright British Standards Institution
Provided by IHS under license with BSI - Uncontrolled Copy
No reproduction or networking permitted without license from IHS Not for Resale
PAS 55-1:2008
Acknowledgement
The development of this Publicly Available Specification (PAS) has been led by the Institute of
Asset Management (IAM), in collaboration with the British Standards Institution (BSI), with the
assistance of the following co-operating organizations and individuals:
Steering Group Review Panel Associates
• John Woodhouse Representatives of the following organizations were part of the • Canadian Gas Association
Project Chairman, IAM review panel for the development of this PAS: • CIRIA
• Aled Williams • AMCL • Halcrow • ENA (Australia)
National Grid • AMT-Sybex • Hydro One Networks Inc • Health & Safety Executive
• Dr Navil Shetty • Atkins • KEMA • International Water Association
Atkins • Atlantic LNG Co of Trinidad • Lloyd’s Register • Nottingham University
• Mike Dixon & Tobago • Logica • University of Manchester
EDF Energy • BAE Systems (Operations) Ltd • London Underground • Ofgem
• Prof Steven Male • BC Transmission Corporation • MTR Corporation Limited • Office of the Rail Regulator
--`,,```,,,,````-`-`,,`,,`,`,,`---
University of Leeds
• CE Electric UK • National Grid • Royal Institution of
• Rhys Davies
• CLP Power • NATS Chartered Surveyors
Lloyd’s Register
• Continuon • Network Rail • RWS
• EDF Energy Networks • PB Power • Southern African Maintenance
Development team
• E.ON Central Networks • Office of the PPP Arbiter Association (SAMA)
• Moss Mustafa • E.ON UK • Scottish Water • University of Leeds
• Ursula Bryan • Essent Netwerk • ScottishPower Energy Networks
National Grid
• Fingrid Oyj • Tennet Photographs
• Peter Jay
• Gas Transport Services B.V. • The Woodhouse Partnership The contribution of photographs
The Woodhouse Partnership
• Geometria • Tube Lines from the following organizations
• Alex Thomson
The Woodhouse Partnership • GVB • UMS Group is gratefully acknowledged:
• Gutteridge Haskins & Davey • EDF Energy
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
(GHD) • Eurotunnel
• Lloyd’s Register
• National Grid
• Scottish Water
• The Woodhouse Partnership
• United Utilities
The reproduction of any of these
photographs is not permitted.
Publishing and copyright information

The BSI copyright notice displayed in this document indicates when the document
was last issued.
The following BSI references relate to the work on this standard:
Publication history
First published as Part 1 and Part 2, April 2004
First (present) edition as Part 1 and Part 2, September 2008
This Publicly Available Specification comes into effect on 15 September 2008.
Amd. No. Date Comments
© BSI September 2008

ISBN: 978 0 580 50975 9
i
PAS 55-1:2008
Contents
Page
Acknowledgement .......................................................................................................... i
Foreword ................................................................................................................................ iii
0 Introduction ..................................................................................................................... v
1 Scope .................................................................................................................................... 1
2 Reference publications ............................................................................................. 1
3 Terms and definitions ................................................................................................ 2
4 Asset management system requirements .................................................... 6

4.1 General requirements ............................................................................................ 6
4.2 Asset management policy ................................................................................... 6
4.3 Asset management strategy, objectives and plans ............................. 7
4.4 Asset management enablers and controls ............................................... 10
4.5 Implementation of asset management plan(s) ...................................... 14
4.6 Performance assessment and improvement ............................................ 16
4.7 Management review .............................................................................................. 19
Annex A (informative) ................................................................................................... 20

Correspondence between PAS 55-1:2008, BS OHSAS 18001:2007,
BS EN ISO 14001:2004 and BS EN ISO 9001:2000
Bibliography ......................................................................................................................... 23
--`,,```,,,,````-`-`,,`,,`,`,,`---
Copyright British Standards©Institution

BSI September 2008
ii
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
Foreword
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.
To ensure consistency with other related management This PAS is not to be regarded as a British Standard.
system standards and to facilitate its alignment or
integration, it was considered that asset management Supersession
would be best standardized as a specification, with PAS 55-1:2008 and PAS 55-2: 2008 supersede PAS 55-
the information on implementing asset management 1:2004 and PAS 55-2:2004, which remain current
distilled into key requirements. The criterion for and obsolescent until 1 March 2010 when they will
including such requirements has been that, without be withdrawn.
them, the asset management system would be
NOTE Obsolescence is declared where the content of a
regarded as deficient.
standard, which is superseded by new provisions (in the
form of a new standard), still retains a commercial need
This PAS has been based on the familiar BS ISO format
or relevance (to a specific technology, industry or process).
comparable with widely adopted standards such as
The document is superseded but it is not withdrawn.
BS EN ISO 14001 and BS OHSAS 18001 (see Annex A).
This PAS is published in two parts: Information about this document

• Part 1: Specification for the optimized management This is a full revision of PAS 55-1:2004, which
of physical assets; and introduces the following principal changes:
• Part 2: Guidelines for the application of PAS 55-1. • The term “infrastructure” has been removed from
the title of the PAS;
It has been assumed in the preparation of this PAS that • The Foreword and Introduction have been revised;
the execution of its provisions will be entrusted to • Figure 1 has been transferred and adapted from
appropriately qualified and experienced people, for PAS 55-2:2004;
whose use it has been produced.
• Figures 2, 4 and 6 have been revised and Figures 3
and 5 are new;
Consultation
• New definitions have been added, and existing
This PAS has been developed in consultation with definitions revised;
a large number of international organizations and
• Asset management objectives and asset management
individuals from a wide range of industries that are
targets are now jointly referred to as asset
active and proficient in the field of asset management
management objectives, and their definition has
(see Acknowledgements).
been revised accordingly (see 3.5);
Publishing information • The section on Asset management plan(s) (see 4.3.3)
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
has been extended to more clearly identify the

This PAS comes into effect on 15 September 2008.
requirements for optimizing plans and the
This PAS has been prepared and published by BSI, interaction between life cycle phases;
which retains its ownership and copyright. BSI reserves • The requirements for emergency preparedness and
the right to withdraw or amend this PAS on receipt response have been extended to include continuity
of authoritative advice that it is appropriate to do so. planning and the section has been renamed
This PAS will be reviewed at intervals not exceeding “Contingency planning” (see 4.3.4);
two years, and any amendments arising from the • A new section “Asset management enablers and
review will be published as an amended PAS and controls” (see 4.4) has been created to consolidate
publicized in Update Standards. the generic requirements of: structure, authority and
--`,,```,,,,````-`-`,,`,,`,`,,`---
iii
PAS 55-1:2008
responsibilities; training awareness and competence; • “Checking and corrective action” has been renamed
communication, participation and consultation; asset “Performance assessment and improvement”
management system documentation; information (see 4.6), with the structure for the sub-clauses
management; risk management; legal and other adapted from those described in PAS 99 and
requirements; and management of change; ISO Guide 72; and
• New requirements have been introduced for • New requirements have been introduced for
Communication, participation and consultation Management review (see 4.7).
(see 4.4.4);
• Information management (see 4.4.6) brings together Presentational conventions
the requirements of the previous clauses for The provisions of this PAS are presented in roman
“Document, data and information control” and (i.e. upright) type. Its requirements are expressed
“Asset management information system”; in sentences in which the principal auxiliary verb
• Management of change is discussed in a separate is “shall”.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
clause (see 4.4.9);

Commentary, explanation and general informative
• The requirements in the former “Operational
material is presented in smaller italic type, and does
control” have been divided between
not constitute a normative element.
“Implementation of asset management plan(s)”,
“Management of change” and “Asset management
Contractual and legal considerations
system documentation”;
This publication is not intended to include all the
• “Implementation of asset management plan(s)” has
necessary provisions of a contract. Users are
been expanded to address the Life cycle phases of
responsible for its correct application.
managing assets (see 4.5);
• New requirements for Evaluation of compliance have Compliance with this PAS cannot confer immunity
been introduced (see 4.6.3); from legal obligations.
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
iv
PAS 55-1:2008
0 Introduction
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
0.1 What is asset management?

For the purposes of this PAS, asset management is • the ability to demonstrate that sustainable
defined in 3.2 as: development is actively considered within the
systematic and coordinated activities and practices management of the assets over their life cycles.
through which an organization optimally and
sustainably manages its assets and asset systems, Such benefits are most often associated with the
their associated performance, risks and application of a number of key principles and
expenditures over their life cycles for the purpose attributes in the design and implementation of the
of achieving its organizational strategic plan asset management system (see Figure 1); these are
explained further in PAS 55-2.
and organizational strategic plan is defined in 3.25 as:
overall long-term plan for the organization that
is derived from, and embodies, its vision, mission, Figure 1 – Key principles and attributes
values, business policies, stakeholder requirements,
of asset management
objectives and the management of its risks
Effective implementation of asset management

requires a disciplined approach which enables an
organization to maximise value and deliver its
strategic objectives through managing its assets over
holistic
their whole life cycles. This includes determination
of appropriate assets to acquire or create in the first
place, how best to operate and maintain them, and sustainable systematic
the adoption of optimal renewal, decommissioning
--`,,```,,,,````-`-`,,`,,`,`,,`---
and/or disposal options.
The principal benefits of optimized life cycle asset integrated

management, in no particular order, include:
• enhanced customer satisfaction from improved
performance and control of product or service optimal systemic
delivery to the required standards;
• improved health, safety and environmental
performance; risk-based
• optimized return on investment and/or growth;
• long-term planning, confidence and performance
sustainability;
• the ability to demonstrate best value-for-money
within a constrained funding regime; The following enabling elements are also considered
• evidence, in the form of controlled and systematic to be essential for the successful implementation of
processes, to demonstrate legal, regulatory and these principles:
statutory compliance; • an organizational structure that facilitates the
• improved risk management and corporate implementation of these principles with clear
governance and a clear audit trail for the direction and leadership;
appropriateness of decisions taken and their • staff awareness, competency, commitment and
associated risks; cross-functional coordination;
• improved corporate reputation, the benefits of • adequate information and knowledge of asset
which may include enhanced shareholder value, condition, performance, risks and costs, and the
improved marketability of product/service, greater interrelationships between these.
staff satisfaction and more efficient and effective
procurement from the supply chain;
v
PAS 55-1:2008
0.2 Types of assets

The physical assets (see 3.1) represent only one of other categories are only considered where they have
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
the five broad categories of asset types that have a direct impact on the optimized management of the
to be managed holistically in order to achieve the physical assets. These critical interdependencies are
organizational strategic plan. The other categories illustrated in Figure 2, which shows the scope of PAS 55
are human assets, information assets, financial assets in relation to the other categories of assets.
and intangible assets (reputation, morale, intellectual
property, goodwill, etc.). Although human factors such as leadership, motivation
and culture are not directly addressed within the
The scope of this PAS is primarily focussed on the scope of this PAS, they are critical to the successful
management of physical assets and asset systems achievement of optimized and sustainable asset
(see 3.12). The management of physical assets and management and require due consideration. This is
asset systems is inextricably linked to the other applicable to the organization’s owners, managers,
categories of assets; however, within this PAS the employees, contractors and suppliers.
Figure 2 – Focus and business context of this PAS in relation to the other categories of assets
Vital context: business objectives, policies, regulation,

performance requirements, risk management
Important interface: motivation,

communication, roles and
responsibilities, knowledge,
experience, leadership, teamwork
Important interface: life cycle

costs, capital investment criteria,
operating costs, value of asset
--`,,```,,,,````-`-`,,`,,`,`,,`---
performance
Physical
Assets
Important interface: reputation,

image, morale, constraints,
social impact
Important interface: condition, performance,

activities, costs and opportunities

BSI September 2008
vi
PAS 55-1:2008
0.3 The need for an asset management system

This PAS is specifically intended to cover the life cycle expenditures. There are also different levels at which
management of the assets and, in particular, the assets assets can be identified and managed – ranging from
that are core to an organization’s purpose, such as discrete equipment items or components to complex
utility networks, power stations, railway or road functional systems, networks, sites or diverse portfolios
systems, oil and gas installations, manufacturing and (see Figure 3). This hierarchy brings challenges and
process plants, buildings and airports. An asset opportunities at different levels. For example, discrete
management system is therefore vital for organizations equipment items may have identifiable individual life
that are dependent on the function and performance cycles that can be optimized, whereas asset systems
of their physical assets in the delivery of services or may have an indefinite horizon of required usage.
products, and where the success of an organization is Sustainability considerations should, therefore, be part
significantly influenced by the stewardship of its assets. of optimized decision-making. A larger organization
may also have a diverse portfolio of asset systems,
Delivering the best value for money in the each contributing to the overall goals of the
management of physical assets is complex and involves organization, but presenting widely different
careful consideration of the trade-offs between investment opportunities, performance challenges
performance, cost and risk over all stages of the assets’ and risks. An integrated asset management system
life cycles. There are inherent conflicting factors to is therefore essential to coordinate and optimize
manage, such as short-term versus long-term benefits, the diversity and complexity of assets in line with
expenditures versus performance levels, planned and the organization’s objectives, priorities and chosen
unplanned availability, or capital costs versus operating risk profile.
Figure 3 – Levels of assets and their management
Corporate/
organization
management
PAS 55 Asset
management
Manage asset portfolio
system
Manage asset systems
Manage assets
Create/ Renew/
acquire Utilize Maintain dispose
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---
vii
PAS 55-1:2008
0.4 The structure of an asset management system

An asset management system is primarily designed chosen risk profile of the organization). Figure 4
to support the delivery of an organizational strategic highlights the importance of monitoring and continual
plan in order to meet the expectations of a variety improvements within the asset management system
of stakeholders (see Figure 4). The organizational (for example, in the performance of assets or the
strategic plan is the starting point for development of optimization of the asset management plan(s)). It
the asset management policy, strategy, objectives and further demonstrates the importance of continual
plans. These, in turn, direct the optimal combination improvement externally through direct influence
of life cycle activities to be applied across the diverse upon the organizational strategic plan and
portfolio of asset systems and assets (in accordance stakeholder expectations.
--`,,```,,,,````-`-`,,`,,`,`,,`---
with their criticalities, condition, performance and
Figure 4 – Overview of the asset management system, its relationship to the organizational
strategic plan and stakeholder expectations
Legal and stakeholder requirements and expectations

(customers, shareholders, regulators, employees, suppliers, society)
Other organizational
requirements and systems Organizational
strategic plan
PAS 55 Asset
management Asset management policy
system
Asset management strategy
Asset management objectives
Asset management plans Continual
improvement
Acquire/create
Organizational
values, functional Utilize Portfolio of asset systems and assets Performance
standards, (diversity of types, criticalities, and condition
Maintain
required condition and performance) monitoring
processes Renew/dispose
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
Asset management enablers and controls

BSI September 2008
viii
PAS 55-1:2008
The “line of sight” between organizational strategic

direction and the day-to-day activities of managing
assets is a vital component of the asset management
system. This aligns the “top down” aspirations of
the organization with the “bottom up” realities
and opportunities of the assets. Figure 5 shows the
important planning and implementation elements
of the asset management system that ensure such
alignment.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---
ix
PAS 55-1:2008
Figure 5 – Planning and implementation elements of an asset management system
Organizational strategic plan (OSP)

Vision, mission and values, business policies, stakeholder requirements,
goals and risk management
Planning
Organization values, prioritization criteria and risk policy
Asset management policy

Mandated requirements, overall intentions/principles and
framework for control of asset management
Asset management strategy

Long term optimized and sustainable direction for the management
of the assets, to assist in delivery of the organizational strategic plan
and apply the asset management policy
Asset management objectives

Specific and measurable outcomes required of assets,
asset systems and the asset management system
--`,,```,,,,````-`-`,,`,,`,`,,`---
Asset management plan(s)

Actions, responsibilities, resources and timescales intended to implement the
asset management strategy and deliver the asset management objectives
Implementation
Assets
Life cycle activities
Acquire/create
Functional
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
Policies, Utilize Portfolio of asset systems

strategies,
and individual assets
standards,
processes and Maintain
procedures
Renew/dispose

BSI September 2008
x
PAS 55-1:2008
0.5 Application of PAS 55

This PAS is applicable to: for example, to produce a discrete asset management
• any asset intensive business, where significant policy, asset management strategy, asset management
expenditure, resources, performance dependency objectives and asset management plan(s). These may
and/or risks are associated with the be integrated with other relevant documents if
creation/acquisition, utilization, maintenance appropriate.
or renewal/disposal of assets;
The requirements of Clause 4 can be met by adopting
• any organization that has, or intends to manage
a process- or procedure-based approach. Procedure(s)
or invest in, a significant portfolio of assets, or
can be simply written as descriptions of processes and,
where the performance of asset systems and the
taken together with other elements of the system (such
management of assets are central to the effective
as defined responsibilities and authorities, trained and
delivery of service, product or other business
competent personnel), can provide the control required
objectives;
to meet the needs of the organization.
• organizations where there is a business or public
accountability requirement to demonstrate best
value in the safe management of assets and
provision of associated services (e.g. education
and health sectors).
The requirements of this PAS are inextricably linked

together and the document should be read in its
entirety. Asset management is an inherently integrated
approach, and cannot be successfully implemented by
applying the requirements of this PAS in part.
It is important to note that the requirements of this

PAS are prescriptive only to the extent that they define
what has to be done, not how to do it. The method of
achieving each requirement is for the organization to
determine, in accordance with its assessed needs.
Guidelines for the application of the requirements
within PAS 55-1 are provided in PAS 55-2. However, it
is also important to note that the purpose of PAS 55-2
is to provide guidance only and does not add any
further requirements to those contained in PAS 55-1.
The requirements within this PAS call for the

organization to establish an asset management
system, including an asset management policy, an
asset management strategy, asset management
objectives and asset management plan(s). To avoid
confusion, these terms are always preceded by “asset
management” if they relate to a specific clause, or
appear on their own if the reference is generic, i.e.
“asset management strategy” refers to a specific clause
and “strategy” on its own would refer to strategy in
general terms. It should also be noted that the term
“asset management system” means the management
--`,,```,,,,````-`-`,,`,,`,`,,`---
system, and not a system of interdependent physical

assets, which is separately referred to as an “asset
system” (see 3.12).
Unless explicitly required, the documentation

requirements within this PAS do not have to be
produced as individual documents. There is no need,
xi
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
0.6 Integration with other management systems

Implementing this specification would enable
an organization to align or integrate its asset
management system with other related management
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
systems. In order to enable organizations to develop

integrated management systems that are aligned to
standards, such as PAS 99 and BS OHSAS 18001, the
requirements and structure of this PAS are arranged
within the Plan-Do-Check-Act (PDCA) framework as
follows (see Figure 6):
Plan establish the asset management strategy,

objectives and plans necessary to deliver results
in accordance with the organization’s asset
management policy and the organizational
strategic plan
Do establish the enablers for implementing asset

management (e.g. asset information
management system(s)) and other necessary
requirements (e.g. legal requirements) and
implement the asset management plan(s)
Check monitor and measure results against asset

management policy, strategy objectives, legal
and other requirements; record and report
the results
Act take actions to ensure that the asset

management objectives are achieved and to
continually improve the asset management
system and asset management performance
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
xii
PAS 55-1:2008
Figure 6 Structure of PAS 55-1:2008
4.7 Management review 4.2 Asset management policy
4.3 Asset management strategy,

4.6 Performance assessment objectives and plans
and improvement
4.3.1 Asset management
4.6.1 Performance and strategy
condition monitoring PAS 55:2008 4.3.2 Asset management
4.6.2 Investigation of Management objectives
asset-related failures, system structure 4.3.3 Asset management plan(s)
incidents and
4.3.4 Contingency planning
nonconformities
4.6.3 Evaluation of compliance
4.1 General requirements
4.6.4 Audit
4.6.5 Improvement actions
4.6.6 Records 4.4 Asset management enablers
and controls
4.4.1 Structure, authority and responsibilities
4.4.2 Outsourcing of asset management
activities
4.5 Implementation of asset 4.4.3 Training, awareness and competence
management plan(s) 4.4.4 Communication, participation
4.5.1 Life cycle activities and consultation
4.5.2 Tools, facilities and 4.4.5 Asset management system
equipment documentation
4.4.6 Information management
4.4.7 Risk management
4.4.8 Legal and other requirements
4.4.9 Management of change
NOTE Figure 6 is adapted from PAS 99:2006.
--`,,```,,,,````-`-`,,`,,`,`,,`---
xiii
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
1 Scope 2 Reference publications

This part of PAS 55 (PAS 55-1) specifies the There are no normative references at present
requirements for an asset management system for the (i.e. references indispensable to the full compliance
management of physical assets and asset systems over with this PAS).
their life cycles. The management of physical assets is,
however, inextricably linked to the management of Informative references (i.e. publications that provide
other asset types (see Figure 2) and these other asset information or guidance) are listed in the Bibliography.
types are considered within the asset management For dated references, only the edition cited applies.
system insofar as they have a direct impact on the For undated references, the latest edition of the
management of physical assets. referenced document (including any amendments)
NOTE For example, the optimal life cycle management applies.
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.
This PAS 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;
NOTE There may be an organizational need to manage
asset systems optimally for an indefinite period into the
future i.e. in perpetuity, in which case the defined long-
term period should align with the time horizon of the
--`,,```,,,,````-`-`,,`,,`,`,,`---
organizational strategic plan and should include the life
cycles of critical assets.
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.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\

BSI September 2008
1
PAS 55-1:2008
3 Terms and definitions

For the purposes of this PAS, the following terms and NOTE 1 Results are normally measured against the
definitions apply. organization’s strategic plan, asset management policy,
asset management strategy, asset management objectives
3.1 asset(s) and/or other asset management performance requirements.
plant, machinery, property, buildings, vehicles and NOTE 2 Asset management performance may include
other items that have a distinct value to the the effectiveness of expenditures, the reliability, efficiency,
organization quality, sustainability and value of the assets and their
NOTE 1 For levels of assets, asset systems and asset utilization, and/or the impact of assets and asset
portfolio, see Figure 3. management upon the organization’s financial performance,
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
health and safety performance, environmental performance,
NOTE 2 This definition includes any software code that
compliance and reputation.
is critical to the delivery of the function of the asset.
NOTE 3 Asset management performance measurement
3.2 asset management includes measuring the effectiveness of the organization’s
asset management system.
systematic and coordinated activities and practices
through which an organization optimally and
3.7 asset management plan
sustainably manages its assets and asset systems,
their associated performance, risks and expenditures document specifying activities and resources,
over their life cycles for the purpose of achieving its responsibilities and timescales for implementing
organizational strategic plan the asset management strategy and delivering the
asset management objectives
--`,,```,,,,````-`-`,,`,,`,`,,`---
3.3 asset management information
3.8 asset management policy
meaningful data relating to assets and asset
management principles and mandated requirements derived from,
and consistent with, the organizational strategic plan,
NOTE Examples of asset management information include
providing a framework for the development and
asset registers, drawings, contracts, licences, legal,
implementation of the asset management strategy
regulatory and statutory documents, policies, standards,
and the setting of the asset management objectives
guidance notes, technical instructions, procedures, operating
criteria, asset performance and condition data, or all asset
3.9 asset management strategy
management records.
long-term optimized approach to management of
3.4 asset management information system the assets, derived from, and consistent with, the
organizational strategic plan and the asset
system for the storage, processing and transmission
management policy
of asset management information
NOTE 1 The asset management strategy converts the
NOTE The storage or transmission of asset information
objectives of the organizational strategic plan and the
can be achieved via multiple types of media.
asset management policy into a high-level, long-term
action plan for the assets and/or asset system(s), the
3.5 asset management objective(s)
asset portfolios and/or the asset management system.
a) specific and measurable outcome or achievement
NOTE 2 The high-level, long-term action plans for the
required of asset system(s) in order to implement
assets and the asset management objectives are normally
the asset management policy and asset
the outputs of the asset management strategy. These
management strategy; and/or
elements together form the basis for developing more
b) detailed and measurable level of performance or specific and detailed asset management plan(s).
condition required of the assets; and/or
c) specific and measurable outcome or achievement 3.10 asset management system
required of the asset management system. organization’s asset management policy, asset
management strategy, asset management objectives,
3.6 asset management performance asset management plan(s) and the activities, processes
measurable results of an organization’s management and organizational structures necessary for their
of its assets and/or asset system(s) development, implementation and continual
improvement
2
PAS 55-1:2008
NOTE 1 A management system is a set of interrelated NOTE The assets can be safety-critical, environment-critical
elements used to establish policy, strategy and objectives and/or performance-critical, and can relate to legal,
and to achieve those objectives through the implementation regulatory and/or statutory requirements.
of plans.
NOTE 2 A management system includes organizational 3.17 effectiveness
structure, roles and responsibilities, planning activities, extent to which planned activities are realized and
standards, information systems, practices, processes , planned results achieved
procedures and resources. [BS EN ISO 9000:2005, 3.2.14]
3.11 asset portfolio 3.18 efficiency

complete range of assets and asset systems owned by relationship between the result achieved and the
an organization resources used
NOTE Assets and asset systems may be highly integrated [BS EN ISO 9000:2005, 3.2.15]
and interdependent or deliver more independent and
parallel contributions to an organization’s total performance. 3.19 enablers (asset management)
In the latter case, opportunities may exist to manage and
supportive systems, procedures, processes, activities and
optimize assets or asset systems differently across the
resources that enable an organization to operate its
portfolio.
asset management system efficiently and effectively
3.12 asset system
3.20 functional policy
set of assets that interact and/or are interrelated so as
specified approach, rules and boundaries set out
to deliver a required business function or service
by an organization, that provide direction and the
NOTE For levels of assets, asset systems and asset portfolio, framework for the control of specific asset-related
see Figure 3. processes and activities
NOTE Functional policies, strategies and objectives relate to
3.13 audit
asset management activities or processes, such as capital
systematic, independent process for obtaining evidence investment, construction methods, maintenance and
and evaluating it objectively to determine the extent purchasing, These should not be confused with asset
to which audit criteria are fulfilled management policies, asset management strategy
[Adapted from BS EN ISO 9000:2005, 3.9.1] and asset management objectives, which are cross-
functional, considering the life cycle optimization of all
3.14 contracted service provider relevant activities.
individual(s) not directly employed by the organization
including contractors, subcontractors, service providers, 3.21 life cycle
consultants, agency staff and casual workers time interval that commences with the identification
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
of the need for an asset and terminates with the
3.15 corrective action decommissioning of the asset or any associated
action to eliminate the cause of a detected liabilities
nonconformity or other undesirable situation NOTE The principal stages of an asset’s life cycle can
NOTE 1 There can be more than one cause for a include: create/acquire, utilize, maintain and renew/dispose.
nonconformity.
NOTE 2 Corrective action is taken to reinstate capability
3.22 nonconformity
and/or prevent recurrence, whereas preventive action is non-fulfilment of a requirement
taken to prevent occurrence in the first place. [BS EN ISO 9000:2005, 3.6.2; BS OHSAS 18001:2007,
[BS EN ISO9000:2005, 3.6.5] 3.11]
NOTE A nonconformity can be any deviation from: asset
3.16 critical assets/asset systems management system requirements; relevant work standards,
assets and/or asset systems that are identified as practices, procedures, legal requirements, etc.
having the greatest potential to impact on the
achievement of the organizational strategic plan
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
3
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
3.23 optimize 3.27 procedure

achieve by a quantitative or qualitative method, as specified way of carrying out an activity or a process
appropriate, the best value compromise between NOTE 1 Procedure(s) can be documented or not.
conflicting factors such as performance, costs and
NOTE 2 If a procedure is required to be documented, the
retained risk within any non-negotiable constraints
term “documented procedure” is used in this specification.
Where this term appears within this specification, this
3.24 organization means that the procedure is established, documented,
company, corporation, firm, enterprise, authority or implemented and maintained.
institution, or part or combination thereof, whether
[Adapted from BS EN ISO 9000:2005, 3.4.5]
incorporated or not, public or private, that has its
own functions and administration
3.28 process
NOTE For organizations with more than one operating
set of interrelated or interacting activities which
business unit, a single operating unit may be defined as
transforms inputs into outputs
an organization.
NOTE Processes may be classified in a number of different
[BS EN ISO 14001:2004, 3.16]
ways. A distinction is sometimes made between operational
processes which are directly concerned with the planned
3.25 organizational strategic plan outputs of the organization, and management processes
overall long-term plan for the organization that is which provide the framework that enables the operational
derived from, and embodies, its vision, mission, values, processes to take place.
business policies, stakeholder requirements, objectives
[PAS 99:2006, 3.8]
and the management of its risks
NOTE Some organizations call this Corporate Plan, 3.29 record
Corporate Strategic Plan or Business Plan.
document stating results achieved or providing
evidence of activities performed
3.26 preventive action
NOTE 1 Records can be used, for example, to provide
action to eliminate the cause of a potential
evidence of calibration, audit, incident investigation, results
nonconformity or other undesirable potential situation
of stakeholder consultation, preventive action or corrective
NOTE 1 There can be more than one cause for a potential action.
--`,,```,,,,````-`-`,,`,,`,`,,`---
nonconformity.
NOTE 2 Generally records need not be under revision
NOTE 2 Preventive action is taken to prevent occurrence control.
whereas corrective action is taken to prevent recurrence.
[BS EN ISO 9000:2005, 3.7.6]
[BS EN ISO 9000:2005, 3.6.4]
4
PAS 55-1:2008
3.30 risk management 3.33 sustainable development

coordinated activities to direct and control an enduring, balanced approach to economic activity,
organization with regard to risk environmental responsibility and social progress
[PD ISO/IEC Guide 73:2002, 3.1.7] [BS 8900:2006, 0.1]
NOTE See 3.32 for the distinction between “sustainable
3.31 stakeholder development” and “sustainable”.
person or group having an interest in the
organization’s performance, success or the impact 3.34 top management
of its activities appointed and authorized person, or a group of
NOTE 1 Examples include employees, customers, people, who direct and control an organization at
shareholders, financiers, regulators, statutory bodies, the highest level
contractors, suppliers, unions, or society. NOTE 1 The top management (e.g. in a large organization,
NOTE 2 A group can comprise an organization, a part the board or executive committee) are not necessarily the
thereof, or more than one organization. owners of the organization they direct and control.
NOTE 2 The top management may delegate some of
3.32 sustainable their duties to one or more subordinate management
achieving or retaining an optimum compromise representative(s) while still retaining accountability.
between performance, costs and risks over the asset’s
life cycle, whilst avoiding adverse long-term impacts
to the organization from short-term decisions
NOTE The related noun “sustainability” relates to the
quality of being sustainable.
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
5
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
4 Asset management system requirements

4.1 General requirements 4.2 Asset management policy
The organization shall establish, document, implement, The organization’s top management shall authorize
maintain and continually improve an asset an overall asset management policy.
management system in accordance with the
requirements of this PAS. The policy shall:
a) be derived from, and be consistent with, the
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
The organization shall define and document the scope organizational strategic plan;
of its asset management system.
b) be appropriate to the nature and scale of the
organization’s assets and operations;
Where an organization chooses to outsource any
aspect of asset management that affects conformity c) be consistent with other organizational policies;
to the requirements of Clause 4 of this PAS, the d) be consistent with the organization’s overall risk
organization shall ensure control over such aspects management framework;
in accordance with the requirements of 4.4.2. e) provide the framework which enables the asset
NOTE This PAS requires that organizations establish, management strategy, objectives and plans to be
implement and maintain an asset management policy, produced and implemented;
strategy, objectives and plans. Figure 5 illustrates the f) include a commitment to comply with current
relationship between the organizational strategic plan applicable legislation, regulatory and statutory
and these elements of the asset management system. requirements and with other requirements to
which the organization subscribes;
--`,,```,,,,````-`-`,,`,,`,`,,`---
6
PAS 55-1:2008
g) clearly state the principles to be applied, such as the

organization’s approach to health and safety or
sustainable development;
h) include a commitment to continual improvement in
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
asset management and asset management

performance;
i) be documented, implemented and maintained;
j) be communicated to all relevant stakeholders,
including contracted service providers, where there
is a requirement that these persons are made aware
of their asset management policy-related
obligations;
k) be reviewed periodically to ensure that it remains
relevant and consistent with the organizational
strategic plan.
NOTE 1 Organizations may choose to have a detailed asset
management policy for internal use which should provide
sufficient information and direction to drive the asset
management system (parts of which may be confidential)
and have a summarized (non-confidential) version for
dissemination to its stakeholders.
NOTE 2 Organizations may also have one or more f) identify the function(s), performance and condition
functional policies relating to specific asset management of existing asset systems and critical assets;
activities, such as capital investment, operation, g) state the desired future function(s), performance
maintenance or contracting. It is essential, however, and condition of existing and new asset systems and
that alignment is maintained between such functional critical assets, on timescales aligned to those of the
policies and the overall asset management policy. organizational strategic plan;
h) clearly state the approach and principal methods by
4.3 Asset management strategy, objectives which assets and asset systems will be managed;
and plans
NOTE This may include, for example, the criteria to be
--`,,```,,,,````-`-`,,`,,`,`,,`---
4.3.1 Asset management strategy adopted for determining asset criticality and value, the
The organization shall establish, document, implement life cycle and sustainability basis for asset management
and maintain a long-term asset management strategy planning, the approach to asset risk and reliability
which shall be authorized by top management. management and the methods of optimization and
NOTE The time horizon for a long-term asset management decision-making.
strategy would normally be aligned with that of the i) provide sufficient information, direction and
organizational strategic plan. guidance to enable specific asset management
objectives and asset management plan(s) to
The strategy shall: be produced;
a) be derived from, and be consistent with, the asset j) include criteria for optimizing and prioritizing
management policy and the organizational asset management objectives and plans;
strategic plan; k) be communicated to all relevant stakeholders,
b) be consistent with other organizational policies including contracted service providers, where there
and strategies; is a requirement that these persons are made aware
c) identify and consider the requirements of relevant of their asset management strategy-related
stakeholders; obligations;
d) consider the life cycle management requirements l) be reviewed periodically to ensure that it remains
of the assets; effective and consistent with the asset management
policy and organizational strategic plan and with
e) take account of asset-related risks (see 4.4.7), asset
other organizational policies and strategies.
and asset system criticalities;

BSI September 2008
7
PAS 55-1:2008
4.3.2 Asset management objectives management strategy and objectives that they are intended
to achieve.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
The organization shall establish and maintain asset
management objectives, which shall:
The development of asset management plan(s) and life
a) be measurable (i.e. quantified and/or capable of
cycle activities shall include consideration of the impact
being demonstrated as achieved through objective
of actions in one life cycle phase upon the activities
assessment);
necessary in other life cycle phases.
b) be derived from, and consistent with, the asset
management strategy; The asset management plan(s) shall be optimized and
c) be consistent with the organization’s commitment the actions prioritized. Multiple plans (for example,
to continual improvement; covering a portfolio of asset systems or assets) shall
d) be communicated to all relevant stakeholders, be jointly optimized and prioritized, taking into
including contracted service providers, where there account overall value, resource requirements,
is a requirement that these persons are made aware interdependencies, risks and performance impact.
of their obligations; NOTE Developing, optimizing, prioritizing and integrating
e) be reviewed and updated periodically by the asset management plan(s) are iterative processes that start
organization to ensure that they remain relevant with the development or update of the asset management
and consistent with the asset management strategy; strategy.
f) consider legal, regulatory, statutory and other asset

The asset management plan(s) shall include
management requirements;
documentation of:
g) take account of the expectations of relevant
a) the specific tasks and activities (actions) required to
stakeholders and financial, operational and business
optimize costs, risks and performance of the assets
requirements;
and/or asset system(s);
h) take account of asset management related risks;
b) the designated responsibilities and authorities for
i) consider improvement opportunities including new the implementation of such actions and for the
technologies and asset management tools, achievement of asset management objectives;
techniques and practices (see 4.6.5.2).
c) the means and time scales by which these actions
NOTE Objectives may be set for the asset management are to be achieved.
system, asset management activities and/or the performance
or condition of asset systems or assets. The asset management plan(s) shall be communicated
to all relevant stakeholders to the level of detail
4.3.3 Asset management plan(s) appropriate to their participation or business interests
The organization shall establish, document and in the delivery of the plan(s).
maintain asset management plan(s) to achieve the
asset management strategy and deliver the asset In the development of asset management plan(s),
management objectives across the following life cycle the organization shall ensure that appropriate
activities: arrangements, functional policies, standards,
a) creation, acquisition or enhancement of assets; process(es) and/or procedure(s), asset management
enablers and resources are made available for the
b) utilization of assets;
efficient and cost effective implementation of
c) maintenance of assets; the plan(s).
d) decommissioning and/or disposal of assets. NOTE It is essential that the plan(s) are realistic and can be
NOTE 1 Creation, acquisition or enhancement includes implemented.
design, modification, procurement, construction and
commissioning. The asset management plan(s) shall include actions
--`,,```,,,,````-`-`,,`,,`,`,,`---
NOTE 2 Maintenance also includes inspection, condition to improve the asset management system (see 4.6.5
monitoring, functional testing, repair, refurbishment, and/or and 4.7).
life extension of assets. Replacement of individual assets
The asset management plan(s) shall be reviewed
may also be considered as maintenance of asset systems.
periodically by the organization to ensure that they
NOTE 3 Asset management plan(s) can be for individual remain effective and consistent with the asset
assets, asset types, asset systems, whole asset portfolios management strategy and objectives.
and/or the overall asset management system. However,
it is essential that the plans are clearly linked to the asset
8
PAS 55-1:2008
4.3.4 Contingency planning and emergency situations, and shall include

The organization shall establish, implement, and information on:
maintain plan(s) and/or procedure(s) for identifying 1) essential personnel, emergency services and external
and responding to incidents and emergency situations, agencies, including contact details;
and maintaining the continuity of critical asset 2) arrangements for internal and external
management activities. communication;
3) how the organization will maintain or restore its
In developing its plan(s) and procedure(s), the
critical asset management activities in the event of
--`,,```,,,,````-`-`,,`,,`,`,,`---
organization shall consider:
a disruption;
a) asset-related risks that, if realized, could result in
4) the provision of resources, and the maintenance
incidents or emergency situations;
of any equipment, facilities or services that could
b) potential disruptions to its critical asset management be required during disruptions, incidents or
activities; emergency situations;
c) the most appropriate actions for responding to an 5) recording of essential information whilst responding
incident or emergency situation, and mitigating the to, and managing, incidents and emergencies;
likely consequences;
6) the process for returning to normal operations.
d) the competence and training of personnel required
to respond to emergencies; The organization shall periodically review, test and,
e) the needs of relevant stakeholders who may be where deemed necessary, revise its plan(s) and/or
affected by incidents or emergency situations, or procedure(s) for incident and emergency preparedness
who may be required to support the organization and response and continuity of important asset
to respond to such events. management activities.
NOTE It is essential that the organization’s contingency
The plan(s) and/or procedure(s) shall identify how the plans are reviewed after testing or the occurrence of
organization will respond to, and manage, incidents incidents, emergency situations or disruptions.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\

BSI September 2008
9
PAS 55-1:2008
4.4 Asset management enablers and controls

4.4.1 Structure, authority and responsibilities h) ensuring the availability of sufficient resources;
The organization shall establish and maintain an i) communicating to all relevant stakeholders the
organizational structure of roles, responsibilities and importance of complying with the requirements of
authorities, consistent with the achievement of its asset the asset management system in order to achieve
management policy, strategy, objectives and plans. its organizational strategic plan.
These roles, responsibilities and authorities shall be 4.4.2 Outsourcing of asset management activities
defined, documented and communicated to the Where an organization chooses to outsource any
relevant individuals. aspect of asset management that affects conformity
NOTE There is no need to establish a separate with the requirements of Clause 4, the organization
organizational structure provided the organization’s shall ensure control over such aspects. The organization
structure is consistent with achieving the requirements shall determine and document how these parts will be
set out in Clause 4. controlled and integrated into the organizations’ asset
management system. The organization shall also
Top management shall provide evidence of its identify and document:
commitment to the development and implementation a) the processes and activities that are to be
of the asset management system and the continuous outsourced (including the scope and boundaries of
improvement of its effectiveness by: the outsourced processes and activities and their
a) appointing a member of top management who, interfaces with the organization’s own processes
irrespective of other responsibilities, shall be and activities);
responsible for the overall design, maintenance, b) the processes and scope for the sharing of
documentation, review and improvement of the knowledge and information between the
organization’s asset management system; organization and the contracted service provider(s);
b) appointing member(s) of management whose c) authorities and responsibilities within the
responsibility is to ensure that the assets and assets organization for managing the outsourced processes
systems deliver the requirements of the asset and activities.
management policy, strategy, objectives and plans
and who have the authority to achieve this; 4.4.3 Training, awareness and competence
c) identifying and monitoring the requirements and The organization shall ensure that any person(s) under
expectations of the organization’s stakeholders its direct control undertaking asset management
and taking corresponding and timely action, to related activities has an appropriate level of
the extent that these have implications for the competence in terms of education, training or
organization’s management of its assets; experience.
d) ensuring that the asset management policy and NOTE Levels of appropriate asset management competence
strategy are consistent with the organizational can be ascertained through the use of a competency
strategic plan; requirements framework (see Bibliography for examples
e) considering the adverse impact that the asset of relevant competency requirements frameworks).
management policy, asset management strategy,
asset management objectives and asset
management plan(s) might have on other aspects
of the organization. Conversely, considering
whether plans generated from other parts of
the organization might have an adverse affect
--`,,```,,,,````-`-`,,`,,`,`,,`---
on asset management;
f) ensuring the viability of the asset management
policy, asset management strategy, asset
management objectives and asset management
plan(s);
g) ensuring asset-related risks are identified, assessed
and controlled, and are included in the
organization’s overall risk management framework;
10
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
Where asset management activities are outsourced, 4.4.4 Communication, participation and consultation
the organization shall ensure that contracted service The organization shall ensure that pertinent asset
providers have arrangements in place to ascertain and management information is effectively communicated
demonstrate that their staff are competent. to and from employees and other stakeholders,
including contracted service providers.
The organization shall develop plans for the human
resources required to develop and implement its asset The organization shall ensure consultation with
management system. The organization shall identify stakeholders that is relevant and appropriate to their
the competency requirements for these human involvement in:
resources and plan the training necessary for them
a) the development of the asset management strategy,
to achieve these competencies. It shall arrange for
objectives and plan(s);
provision of this training and retain associated records.
b) the development of functional policies, engineering
The organization shall establish, implement and standards, process(es) and/or procedure(s);
maintain process(es) and/or procedure(s) to make c) risk assessments and determination of controls;
persons working under its control aware of: d) incident investigation;
a) the asset management related risks associated with e) the continual improvement of the asset
their work activities and the asset management management system.
benefits of personal performance;
b) their roles and responsibilities and the importance 4.4.5 Asset management system documentation
in complying with the asset management policy, The organization shall establish, implement and
process(es) and/or procedure(s) and plan(s); maintain up-to-date documentation to ensure that
c) the potential consequences of departure from its asset management system can be adequately
specified asset management process(es) and/or understood, communicated and operated. The asset
procedure(s). management system documentation shall include:
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
11
PAS 55-1:2008
a) a description of the main elements of the asset 4.4.6 Information management

management system and their interaction, and The organization shall identify the asset management
direction to related documents; information it requires to meet the requirements of
b) the asset management policy, strategy, and Clause 4 of this specification considering all phases
objectives; of the asset life cycle. The information shall be of a
c) documents, including records, required by Clause 4 quality appropriate to the asset management decisions
of this specification. and activities it supports.
The organization shall establish documented The organization shall design, implement and
procedure(s) and/or operating criteria if their absence maintain a system(s) for managing asset management
could lead to failure to achieve its asset management information. Employees and other stakeholders,
policy, asset management strategy, asset management including contracted service providers, shall have
objectives or to control identified asset management access to the information relevant to their asset
risks. management activities or responsibilities. Where
separate asset management information systems
NOTE 1 The asset management policy, strategy and other
exist, the organization shall ensure that the
elements of the asset management system do not have to
information provided by these systems is consistent.
be produced as separate documents.
NOTE 2 It is important that documentation is proportional The organization shall establish, implement and
to the level of complexity and risks being managed. It maintain procedure(s) for controlling all information
should also be appropriate to the level at which the required by Clause 4 of this specification. These
documentation will be used and kept to the minimum procedures shall ensure:
required for effectiveness and efficiency.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---
12
PAS 55-1:2008
a) the adequacy of the information is approved by d) provide for the classification of risks and
authorized personnel prior to use; identification of those risks that are to be avoided,
b) information is maintained and adequacy assured eliminated or controlled by asset management
through periodic review and revision, including objectives and plans (see 4.3.2 and 4.3.3);
version control where appropriate; e) be consistent with the organization’s operating
c) allocation of appropriate roles, responsibilities and experience and the capabilities of risk control
authorities regarding the origination, generation, measures employed;
capture, maintenance, assurance, transmission, f) provide for the monitoring of required actions to
rights of access, retention, archiving and disposal ensure both the effectiveness and the timeliness of
of items of information; their implementation (see 4.6.1).
d) obsolete information is promptly removed from all
points of issue and points of use, or otherwise 4.4.7.3 Risk identification and assessment
assured against unintended use; The identification and assessment of risks shall
e) archival information retained for legal or knowledge consider the probability of credible events and their
preservation purposes is identified; consequences, and shall as a minimum cover:
f) information is secure and, if in electronic form, is a) physical failure risks, such as functional failure,
backed up and can be recovered. incidental damage, malicious damage or terrorist
action;
4.4.7 Risk management b) operational risks, including the control of the asset,
4.4.7.1 Risk management process(es) human factors and all other activities which affect
its performance, condition or safety;
The organization shall establish, implement and
maintain documented process(es) and/or procedure(s) c) natural environmental events (storm, floods, etc.,
for the ongoing identification and assessment of asset- including the likely effects of climate change);
related and asset management-related risks, and the d) factors outside of the organization’s control, such as
identification and implementation of necessary control failures in externally supplied materials and services;
measures throughout the life cycles of the assets. e) stakeholder risks, such as failure to meet regulatory
performance requirements or risks to the reputation
4.4.7.2 Risk management methodology of the organization;
The organization’s methodology for risk management f) risks associated with the different life cycle phases
shall: of assets (see 4.5).
a) be proportionate to the level of risk under
consideration; 4.4.7.4 Use and maintenance of asset risk information
b) be defined with respect to its scope, nature and The organization shall ensure that the results of risk
timing to ensure it is proactive rather than reactive; assessments and the effects of risk control measures
c) include, where appropriate, the assessment of how are considered and, as appropriate, provide input into:
risks change or can change over time and usage; a) the asset management strategy;
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
13
PAS 55-1:2008
b) the asset management objectives; 4.5 Implementation of asset management

c) the asset management plan(s); plan(s)
d) the identification of adequate resources including 4.5.1 Life cycle activities
staffing levels; The organization shall establish, implement and
e) the identification of training and competency needs maintain process(es) and/or procedure(s) for the
(see 4.4.3); implementation of its asset management plan(s)
f) the determination of controls for assets’ life cycle and control of activities across the whole life cycle,
activities, and the implementation of asset including:
management plan(s) (see 4.5); a) creation, acquisition or enhancement of assets;
g) the organization’s overall risk management b) utilization of assets;
framework. c) maintenance of assets;
--`,,```,,,,````-`-`,,`,,`,`,,`---
d) decommissioning and/or disposal of assets.

The organization shall keep the results of identification
of risks, risk assessments and determined controls
The requirement for documentation to control these
up-to-date, and document these where not doing so
asset life cycle activities shall be in accordance with 4.4.5.
could affect the delivery of the asset management
objectives and the asset management strategy.
The process(es) and/or procedure(s) for the
implementation of the asset management plan(s) and
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
4.4.8 Legal and other requirements
for the control of life cycle activities shall:
1) be sufficient to ensure that operations and activities
maintain process(es) and/or procedure(s) for identifying
are carried out under specified conditions;
and accessing the legal, regulatory, statutory and other
applicable asset management requirements. 2) be consistent with the asset management policy,
asset management strategy and asset management
The organization shall ensure that the applicable legal objectives;
and other external obligations or requirements are 3) ensure that costs, risks and asset system performance
identified and incorporated into the corresponding are controlled across the asset life cycle phases.
elements of its asset management system.
The organization shall ensure that the planned
The organization shall keep this information up-to- arrangements, functional policies, standards,
date. The organization shall communicate information process(es) and procedure(s), asset management
on legal and other requirements to all relevant enablers and resources are utilized for the efficient
stakeholders. and cost effective implementation of the asset
management plan(s).
4.4.9 Management of change
Where existing arrangements are revised, or new 4.5.2 Tools, facilities and equipment
arrangements are introduced that could have an The organization shall ensure that tools, facilities and
impact on asset management activities, the equipment are maintained and, where appropriate,
organization shall assess the associated risks before calibrated. The organization shall establish and
the arrangements are implemented. The new or maintain process(es) and procedure(s) to control these
revised arrangements to be considered shall include: maintenance and calibration activities, where such
a) revised organizational structure, roles or tools, facilities and equipment are essential for:
responsibilities; a) the implementation of its asset management plan(s);
b) revised asset management policy, strategy, b) achieving the required function(s) and performance
objectives or plans; from its assets or asset systems;
c) revised process(es) or procedure(s) for asset c) the monitoring and measurement of performance
management activities; and/or condition.
d) the introduction of new assets, asset systems or
technology;
e) the introduction of new contractors or suppliers.
The organization shall ensure that risks are managed

in accordance with 4.4.7.
14
PAS 55-1:2008
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
15
PAS 55-1:2008
4.6 Performance assessment and improvement

4.6.1 Performance and condition monitoring d) lagging performance indicators to enable detection
The organization shall establish, implement and of, and to provide data about, incidents and failures
maintain process(es) and/or procedure(s) to monitor and of the asset management system, and for incidents,
measure the performance of the asset management failures or deficient performance of assets and/or
system and the performance and/or condition of asset systems;
assets and/or asset systems. The process(es) and/or e) both qualitative and quantitative measures,
procedure(s) shall provide for the consideration of: appropriate to the needs of the organization;
a) reactive monitoring to identify past or existing f) monitoring the overall effectiveness and efficiency
nonconformities in the asset management system, of the asset management system;
and any asset-related deterioration, failures or g) recording of monitoring and measurement data and
incidents; results to facilitate subsequent analysis of problem
--`,,```,,,,````-`-`,,`,,`,`,,`---
b) proactive monitoring to seek assurance that the causes to assist in determining corrective or
asset management system and assets and/or asset preventive actions and/or to facilitate continual
systems are operating as intended. This shall include improvement (in accordance with 4.6.5).
monitoring to ascertain that the asset management
policy, strategy and objectives are met, the asset When setting the frequency of condition or
management plan(s) are implemented, and that the performance monitoring and the parameters for
process(es), procedure(s) or other arrangements to measurement the organization shall consider, at a
control asset life cycle activities are effective; minimum, the costs of monitoring, the risks of failure
c) leading performance indicators to provide warning or nonconformity, and potential deterioration
of potential non-compliance with the performance mechanisms and deterioration rates.
requirements of the asset management system
and/or the assets and/or asset systems;
16
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
4.6.2 Investigation of asset-related failures, incidents 4.6.3 Evaluation of compliance

and nonconformities The organization shall establish, implement and
The organization shall establish, implement and maintain process(es) and/or procedure(s) for evaluation
maintain process(es) and/or procedure(s) for the of its compliance with applicable legal and other
handling and investigation of failures, incidents and regulatory or absolute requirements, and shall
nonconformities associated with assets, asset systems determine the frequency of such evaluations.
and the asset management system. These process(es)
and/or procedure(s) shall define responsibility and The organization shall keep records of the results of
authority for: these evaluations.
a) taking action to mitigate consequences arising from
a failure, incident or nonconformity; 4.6.4 Audit
b) investigating failures, incidents and nonconformities The organization shall ensure that audits of the asset
to determine their root cause(s); management system are conducted to:
c) evaluating the need for preventive action(s) to avoid a) determine whether the asset management system:
failures, incidents and nonconformities occurring; i) conforms to planned arrangements for asset
d) communicating, as appropriate to relevant management, including the requirements of
stakeholders, the results of investigations and Clause 4;
identified corrective action(s) and/or preventive ii) has been implemented and is maintained;
action(s). iii) is effective in meeting the organization’s asset
management policy, asset management strategy
Investigations shall be performed within a timescale and asset management objectives.
commensurate with the actual and/or potential
b) provide information to management.
consequences of the failure, incident or nonconformity.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
17
PAS 55-1:2008
Audit programme(s) for elements of the asset The organization shall ensure that any necessary
management system shall be planned, established, changes arising from corrective and/or preventive
implemented and maintained by the organization, actions are made to the asset management system.
based on the results of risk assessments of the
organization’s activities, and the results of previous 4.6.5.2 Continual improvement
audits. The organization shall establish, implement and
maintain process(es) and/or procedure(s) for identifying
Audit process(es) and/or procedure(s) shall be opportunities and assessing, prioritizing and
established, implemented and maintained to address: implementing actions to achieve continual
1) the responsibilities, competencies and requirements improvement in:
for planning and conducting audits, reporting a) the optimal combination of costs, asset related risks
results and retaining associated records; and the performance and condition of assets and
2) the determination of audit criteria, scope and asset systems across the whole life cycle;
methods that are commensurate with the business b) the performance of the asset management system.
significance and risks being managed.
The organization shall actively seek and acquire
The selection of auditors and the conduct of audits knowledge about new asset management-related
shall ensure objectivity and the impartiality of the technology and practices, including new tools and
audit process. Audits shall be conducted by personnel techniques, and these shall be evaluated to establish
independent of those having direct responsibility for their potential benefit to the organization.
the activity being examined.
NOTE 1 The term “independent” here does not necessarily 4.6.6 Records
mean external to the organization. The organization shall establish and maintain records
NOTE 2 It is recommended that the selection of auditors as necessary to demonstrate conformance to the
considers their level of understanding of good practice in requirements of its asset management system and
asset management and familiarity with the requirements Clause 4 of this PAS.
of Clause 4 of this PAS.
Records shall be legible, identifiable and traceable.
4.6.5 Improvement actions
4.6.5.1 Corrective and preventive action Records shall be maintained in accordance with the
requirements of 4.4.6.
maintain process(es) and/or procedure(s) for
instigating:
a) corrective action(s) for eliminating the causes of
observed poor performance and nonconformities
identified from investigations, evaluations of
compliance and audits to avoid their recurrence;
b) preventive action(s) for eliminating the potential
causes of nonconformities or poor performance.
Any corrective or preventive actions taken and their

timings shall be commensurate with the risk(s)
encountered.
Where a corrective or preventive action identifies

new or changed risks, or the need for new or changed
process(es), procedure(s) or other arrangements to
control asset life cycle activities, the proposed actions
shall be risk assessed prior to implementation
(see 4.4.7).
The organization shall keep records of the corrective

and preventive actions (see 4.6.6) taken and
communicate these to relevant stakeholders.
--`,,```,,,,````-`-`,,`,,`,`,,`---
18
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
4.7 Management review

Top management shall review at intervals that it h) changing circumstances, including developments in
determines appropriate the organization’s asset legal and other requirements related to asset
management system to ensure its continuing management and changes in technology.
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
suitability, adequacy and effectiveness. Reviews shall

include assessing the need for changes to the asset The management review shall also cover aspects of the
management system, including asset management asset management system, if any, that are outsourced
policy, asset management strategy and asset to a contracted service provider.
management objectives.
The outputs from management reviews, consistent
Input to management reviews shall include: with the organization’s commitment to continual
a) results of internal audits and evaluations of improvement, shall include decisions and actions for
compliance with applicable legal requirements and possible changes to:
with other requirements to which the organization 1) asset management policy, strategy and objectives;
subscribes; 2) asset management performance requirements;
b) the results of communication, participation and 3) resources;
consultation with employees and other stakeholders
4) other elements of the asset management system.
(see 4.4.4);
c) relevant communication(s) from external Outputs from management reviews, which are relevant
stakeholders, including complaints; to the organizational strategic plan, shall be made
d) records or reports on the asset management available to top management for consideration in
performance of the organization; reviews of the organizational strategic plan.
e) the extent to which objectives have been met;
Records of management reviews shall be retained and
f) performance in addressing incident investigations, information relevant to specific employees, contracted
corrective actions and preventive actions; service providers or other stakeholders made available
g) follow-up actions from previous management for communication purposes (see 4.4.4).
reviews;
--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
19
PAS 55-1:2008
Annex A (informative)
Correspondence between PAS 55-1:2008, BS OHSAS 18001:2007,
BS EN ISO 14001:2004 and BS EN ISO 9001:2000
PAS 55:2008 OHSAS 18001:2007 ISO 14001:2004 ISO 9001:2000

0 Introduction 0 Introduction 0 Introduction 0 Introduction
1 Scope 1 Scope 1 Scope 1 Scope
2 Normative references 2 Normative references 2 Normative references 2 Normative references
3 Terms and definitions 3 Terms and definitions 3 Terms and definitions 3 Terms and definitions
4 Asset management system 4 OH&S management system 4 Environmental management 4 Quality management system
requirements (title only) elements (title only) system requirements (title only)
(title only)
4.1 General requirements 4.1 General requirements 4.1 General requirements 4.1 General requirements
4.2 Asset management policy 4.2 OH&S policy 4.2 Environmental policy 5.1 Management commitment
5.3 Quality policy
4.3 Asset management strategy, 4.3 Planning (title only) 4.3 Planning (title only) 5.4 Planning (title only)
objectives and plans
(title only)
4.3.1 Asset management – – –

strategy
4.3.2 Asset management 4.3.3 Objectives and 4.3.3 Objectives, targets and 5.4.1 Quality objectives
objectives programme(s) programme(s)
4.3.3 Asset management plan(s) 4.3.3 Objectives and 4.3.3 Objectives, targets and 5.4.2 Quality management
programme(s) programme(s) system planning
7.1 Planning of product

realization
4.3.4 Contingency planning 4.4.7 Emergency preparedness 4.4.7 Emergency preparedness –

and response and response
4.4 Asset management enablers – – –

and controls
4.4.1 Structure, authority 4.4.1 Resources, roles, 4.4.1 Resources, roles, 5.1 Management commitment
and responsibilities responsibility, responsibility and
--`,,```,,,,````-`-`,,`,,`,`,,`---
accountability and authority 6.1 Provision of resources

authority
6.3 Infrastructure
4.4.2 Outsourcing of asset – – –

management activities
4.4.3 Training, awareness 4.4.2 Competence, training 4.4.2 Competence, training 6.2.1 (Human resources) General
and competence and awareness and awareness
6.2.2 Competence, awareness
and training
4.4.4 Communication, 4.4.3 Communication, 4.4.3 Communication 5.5.3 Internal communication

participation and participation and
consultation consultation 7.2.3 Customer communication
4.4.5 Asset management system 4.4.4 Documentation 4.4.4 Documentation 4.2.1 (Documentation
documentation requirements) General
4.4.5 Control of documents 4.4.5 Control of documents 4.2.3 Control of documents
20
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
PAS 55:2008 OHSAS 18001:2007 ISO 14001:2004 ISO 9001:2000

4.4.6 Information management 4.4.5 Control of documents 4.4.5 Control of documents 4.2.3 Control of documents
4.4.7 Risk management 4.3.1 Hazard identification, risk 4.3.1 Environmental aspects –
assessment and
4.4.7.1 Risk management determining controls
process(es)
4.4.7.2 Risk management

methodology
4.4.7.3 Risk identification

and assessment
4.4.7.4 Use and maintenance of

asset risk information
4.4.8 Legal and other 4.3.2 Legal and other 4.3.2 Legal and other 5.2 Customer focus
requirements requirements requirements
7.2.1 Determination of
requirements related to
the product
4.4.9 Management of change 4.3.1 Hazard identification, 4.3.1 Environmental aspects 5.2 Customer focus
risk assessment and
determining controls 7.2.2 Review of requirements
related to the product
8.5.1 Continual improvement
4.5 Implementation of asset 4.4 Implementation and 4.4 Implementation and 7 Product realization (title only)
management plan(s) operation (title only) operation (title only)
(title only)
4.5.1 Life cycle activities 4.4.6 Operational control 4.4.6 Operational control 7.1 Planning of product
realization
7.2 Customer-related processes
7.3 Design and development
7.4 Purchasing
7.5 Production and service

provision
4.5.2 Tools, facilities and – – 7.6 Control of monitoring and

equipment measuring devices
4.6 Performance assessment and 4.5 Checking (title only) 4.5 Checking (title only) 8 Measurement, analysis and
improvement (title only) improvement (title only)
4.6.1 Performance and condition 4.5.1 Performance measurement 4.5.1 Monitoring and 8.1 General
monitoring and monitoring measurement
8.2.3 Monitoring and
measurement of processes

measurement of product
8.4 Analysis of data
4.6.2 Investigation of asset- 4.5.3 Incident investigation, – 8.3 Control of nonconforming

related failures, incidents nonconformity, corrective product
and non-conformances action and preventive
action (title only)
4.5.3.1 Incident investigation – –

--`,,```,,,,````-`-`,,`,,`,`,,`---

BSI September 2008
21
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
PAS 55-1:2008
PAS 55:2008 OHSAS 18001:2007 ISO 14001:2004 ISO 9001:2000

4.6.3 Evaluation of compliance 4.5.2 Evaluation of compliance 4.5.2 Evaluation of compliance 8.2.3 Monitoring and
measurement of processes

measurement of product
4.6.4 Audit 4.5.5 Internal audit 4.5.5 Internal audit 8.2.2 Internal audit
4.6.5 Improvement actions 4.5.3.2 Nonconformity, 4.5.3 Nonconformity, action 8.3 Control of nonconforming
corrective and and action product
preventive action
4.6.5.1 Corrective and 8.4 Analysis of data

preventive action
4.6.5.2 Continual improvement 8.5.2 Corrective action
8.5.3 Preventive action
4.6.6 Records 4.5.4 Control of records 4.5.4 Control of records 4.2.4 Control of records
4.7 Management review 4.6 Management review 4.6 Management review 5.1 Management commitment
5.6 Management review

(title only)
5.6.1 General
5.6.2 Review input
5.6.3 Review output
8.5.1 Continual improvement

--`,,```,,,,````-`-`,,`,,`,`,,`---
//^:^^#^~^^"^@"^"^#$:@
22
PAS 55-1:2008
Bibliography
Standards publications Other publications
PAS 99:2006, Specification of common management Asset Management Competence Requirements
system requirements as a framework for integration Framework (Version 2.0) and User Guidance Notes,
Institute of Asset Management, London 2008
BS 8900:2006, Guidance for managing sustainable
development International Infrastructure Management Manual,
Version 3.0 2006. ISBN 0-473-10685-X. Produced by the
BS EN ISO 9000:2005, Quality management systems –
Association of Local Government Engineering New
Fundamentals and vocabulary
Zealand Inc. and the Institute of Public Works
BS EN ISO 9001:2000, Quality management systems – Engineering of Australia (IPWEA)
Requirement
National Occupational Standards for Management and
BS EN ISO 14001:2004, Environmental management Leadership, Management Standards Council, 2002-04
systems – Specification with guidance for use
Project Management Body of Knowledge Guide, 3rd
--`,,```,,,,````-`-`,,`,,`,`,,`---
BS OHSAS 18001:2007, Occupational health and safety Edition, Project Management Institute, 2004
management systems – Requirements
Successful Health and Safety Management. Sudbury:
ISO Guide 72:2001, Guidelines for the justification and HSE Books, 1997 (HSG65)
development of management system standards
UK Standard for Professional Engineering Competence,
PD ISO/IEC Guide 73:2002, Risk management – Engineering Council, 2005
Vocabulary – Guidelines for use in standards
Further reading
BS 3811:1993, Glossary of terms used in terotechnology
BS 3843-1:1992, Guide to terotechnology (the
economic management of assets) – Part 1: Introduction
to terotechnology
economic management of assets) – Part 2: Introduction
to the techniques and applications
economic management of assets) – Part 3: Guide to the
available techniques
BS 25999-1:2006, Business continuity management –
Part 1: Code of practice
BS 25999-2:2007, Business continuity management –
Part 2: Specification
BS EN ISO 9004:2000, Quality management systems –
Guidelines for performance improvement
ISO/IEC 15288:2002, Systems engineering – System life
cycle processes
OHSAS 18002:2000, Occupational health and safety
management systems – Guidelines for the
implementation of OHSAS 18001
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\

BSI September 2008
23
PAS 55-1:2008
BSI – British Standards Institution
BSI is the independent Information on standards Copyright

national body responsible for BSI provides a wide range of Copyright subsists in all BSI
information on national, European publications. BSI also holds the
preparing British Standards. and international standards through copyright, in the UK, of the
It presents the UK view on its Library and Technical Help to publications of the international
standards in Europe and at Exporters Service. Various BSI electronic standardization bodies.
information services are also available Except as permitted under the
international level. It is which give details of all its products Copyright, Designs and Patents Acts
incorporated by Royal Charter. and services. 1988 no extract may be reproduced,
stored in a retrieval system or
Revisions Contact the Information Centre transmitted in any form by any
British Standards are updated by Tel: +44 (0) 20 8996 7111 means – electronic, photocopying,
amendment or revision. Users of Fax: +44 (0) 20 8996 7048 recording or otherwise – without
British Standards should make sure Email: info@bsigroup.com prior written permission from BSI.
that they possess the latest Subscribing members of BSI are This does not preclude the free use,
amendments or editions. kept up to date with standards in the course of implementing the
BSI offers members an individual developments and receive substantial standard, of necessary details such
updating service called PLUS which discounts on the purchase price of as symbols, and size, type or grade
ensures that subscribers automatically standards. For details of these and designations. If these details are to
receive the latest editions of standards. other benefits contact Membership be used for any other purpose than
Administration. implementation then the prior
Buying standards Tel: +44 (0) 20 8996 7002 written permission of BSI must
Orders for all BSI, international and Fax: +44 (0) 20 8996 7001 be obtained.
foreign standards publications should Email: membership@bsigroup.com Details and advice can be
be addressed to Customer Services. Information regarding online access to obtained from the Copyright
Tel: +44 (0)20 8996 9001 British Standards via British Standards & Licensing Manager.
Fax: +44 (0)20 8996 7001 Online can be found at Tel: +44 (0) 20 8996 7070
Standards are also available from the BSI www.bsigroup.com/bsonline Fax: +44 (0) 20 8996 7553
website at www.bsigroup.com. Further information about BSI is Email: copyright@bsigroup.com
In response to orders for international available on the BSI website at BSI, 389 Chiswick High Road
standards, it is BSI policy to supply the www.bsigroup.com London W4 4AL.
BSI implementation of those that have
been published as British Standards,
unless otherwise requested.
--`,,```,,,,````-`-`,,`,,`,`,,`---
24
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\
--`,,```,,,,````-`-`,,`,,`,`,,`---

--`,,```,,,,````-`-`,,`,,`,`,,`---
ISBN 978-0-580-50975-9
British Standards Institution

389 Chiswick High Road
London W4 4AL
United Kingdom
www.bsigroup.com
9 780580 509759
ISBN 978 0 580 50975 9

//^:^^#^~^^"^@"^"^#$:@#~"#:$@~^#"@"":$~~"^~:^^*:""^~^\\

Pass 55

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

Pass 55

Hochgeladen von

Copyright:

Verfügbare Formate

PUBLICLY AVAILABLE SPECIFICATION

ICS code: 03.100.01 --`,,```,,,,````-`-`,,`,,`,`,,`---

NO COPYING WITHOUT BSI PERMISSION EXCEPT AS PERMITTED BY COPYRIGHT LAW

Publishing and copyright information

This Publicly Available Specification comes into effect on 15 September 2008.

Amd. No. Date Comments

© BSI September 2008

2 Reference publications ............................................................................................. 1

3 Terms and definitions ................................................................................................ 2

4 Asset management system requirements .................................................... 6

Annex A (informative) ................................................................................................... 20

Copyright British Standards©Institution

This PAS is published in two parts: Information about this document

has been extended to more clearly identify the

clause (see 4.4.9);

Copyright British Standards©Institution

0.1 What is asset management?

Effective implementation of asset management

and/or disposal options.

The principal benefits of optimized life cycle asset integrated

0.2 Types of assets

Vital context: business objectives, policies, regulation,

Important interface: motivation,

Important interface: life cycle

Important interface: reputation,

Important interface: condition, performance,

Copyright British Standards©Institution

0.3 The need for an asset management system

Figure 3 – Levels of assets and their management

Manage asset systems

0.4 The structure of an asset management system

Legal and stakeholder requirements and expectations

Asset management enablers and controls

Copyright British Standards©Institution

The “line of sight” between organizational strategic

Figure 5 – Planning and implementation elements of an asset management system

Organizational strategic plan (OSP)

Asset management policy

Asset management strategy

Asset management objectives

Asset management plan(s)

Policies, Utilize Portfolio of asset systems

Copyright British Standards©Institution

0.5 Application of PAS 55

The requirements of this PAS are inextricably linked

It is important to note that the requirements of this

The requirements within this PAS call for the

system, and not a system of interdependent physical

Unless explicitly required, the documentation

0.6 Integration with other management systems

systems. In order to enable organizations to develop

Plan establish the asset management strategy,

Do establish the enablers for implementing asset

Check monitor and measure results against asset

Act take actions to ensure that the asset

Copyright British Standards©Institution

Figure 6 Structure of PAS 55-1:2008

4.7 Management review 4.2 Asset management policy

4.3 Asset management strategy,

1 Scope 2 Reference publications

This PAS is applicable to all sizes of business, from small

Copyright British Standards©Institution

3 Terms and definitions