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ISO 55000: Creating an asset management system

In the October 2014 issue of HEJ, Keith Hamer, group vice-president, Asset Management & Engineering at Sodexo, and marketing director at Asset Wisdom, Kevin Main, argued that the new ISO 55000 standards present facilities managers with an opportunity to create ‘a joined-up, whole lifecycle approach’ to managing and delivering value from assets. In this article, Kevin Main and Chris Bradley, who runs various asset management projects, examine the process of creating an asset management system.

n November last year, the Institute of Asset Management (IAM) presented Keith Hamer of Sodexo with its annual Asset Management Achievement Award. This was in recognition of the company’s asset management roll-out across 80 countries, covering facilities management in healthcare, oil and gas, mining, manufacturing and airports.

The Award provides a strong indication that asset management, which had previously been the preserve of ‘assetintensive’ industries like oil and gas, is now reaching into industries and sectors, including healthcare, which employ a complex mix of assets that need to be integrated and used efficiently and effectively across their whole life.

This second article looks at the process of creating an asset management system. The purpose of an asset management system (or AM Framework as it is sometimes known) is to drive value from assets in a manner that best advances the delivery of the organisation’s Strategic Business Plan. 

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