Download PAS 55-2:2008
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Significant amounts of money and time are spent managing business critical assets every year. Yet to date there has been confusion over terminology and a variety of approaches have been employed. In many cases these approaches served well, but equally many of us will be aware of high profile failures that hit the headlines. Of course, it is likely that lesser known issues exist as well. Suboptimal asset management arrangements reduce performance, increase costs and fail the customer.

It was clear too the Institute of Asset Management that there was a crucial need to provide a consistent framework for Asset Management systems. PAS 55: Asset Management meets this need. It's applicable to any organisation that depends upon its physical assets for the performance and continuance of its business operations.

Part 2, provides guidance to aid the understanding of the intent of the requirements in PAS 55 Part 1. It does not introduce any new requirements. It provides guidance on the establishment, implementation, maintenance and improvement of an asset management system and its coordination with other management systems.

PAS 55-2 does not prescribe mandatory approaches, methods or tools for the implementation of the requirements of PAS 55-1, but rather aids understanding and implementation by means of examples & illustrations.

This part of PAS 55 does not create any additional requirements to those specified in PAS 55-1-;

Contents:

Acknowledgement
Foreword
0 Introduction
1 Scope
2 Reference publications
3 Terms and definitions
4 Asset management system requirements
4.1 General requirements
4.2 Asset management policy
4.3 Asset management strategy, objectives and plans
4.4 Asset management enablers and controls
4.5 Implementation of asset management plan(s)
4.6 Performance assessment and improvement
4.7 Management review
Bibliography