BS PAS 55-1:2003 pdf download Asset Management PART 1: Specification for the optimized management of physical infrastructure assets
1 Scope
This part of PAS 55 specifies the requirements for an asset management systemfor physical infrastructure assets including components thereof, e.g.generators, pumps, rolling stock, and any software code that is critical to thedelivery of the function of the asset. The management of physicalinfrastructure assets is inextricably linked to the management of all otheraspects of a business. These other aspects are only considered where they havea direct impact on the management of physical infrastructure assets.
PAS 55 is not applicable to the management of other assets, e.q. reputation.
knowledge,finance.
This Publicly Available Specification (PAS) is applicable to all sizes of business.from small to medium enterprises through to multinationals and to any
organization that wishes to:
a) implement, maintain and improve an asset management system:b) assure itself of its compliance with its stated asset management policy and
strategy;
c) demonstrate such compliance to others;d) seek certification/registration of its asset management system by an
external organization;e) make a self-determination and self-declaration of compliance with this PAS
2 Normative references
There are no normative references at present
3 Terms and definitions
For the purposes of this PAS, the following terms and definitions apply.
3.1 asset(s)
plant, machinery, property, buildings, vehicles and other items and relatedsystems that have a distinct and quantifiable business function or serviceNOTE 1 This definition reflects the scope of this PAS.
NOTE 2 This definition includes any software code that is critical to the deliveryof the function of the asset
3.2 asset management
systematic and coordinated activities and practices through which anorganization optimally manages its assets, and their associated performancerisks and expenditures over their lifecycle for the purpose of achieving itsorganizational strategic plan
3.3 asset management objective
specific outcome or achievement required of assets, asset types and/orasset system(s) in order to achieve the asset management strategyNOTE it is essential that such outcomes are linked either directly or indirectly toproviding the products, supply or services delivered by the total business to itscustomers or end users.
3.4 asset management policy
overall intentions and direction of an organization, related to the assets and the framework for the control ofasset-related processes and activities, that are derived from and consistent with the organizational strategic plan
3.5 asset management strategy
overal long-term action plan for the assets, asset types and/or asset system(S) that is derived from and consistentwith the asset management policy and organizational strategic plan
3.6 asset performance target !
asset condition targetspecific level of performance or condition required of the assets, asset types and/or asset system(s) in order to achievean asset management objective
3.7 asset system
set of assets that interact and/or are interrelated so as to deliver a required business function or service
3.8 critical assetsassets (or subset components thereof) that are identified as being critical (now or in the future) to achievina the assetmanagement policy, strategy and objective
NOTEThe assets can be safety-critical, environment-critical and/or performance-critical, and can relate to legal, requlatoryand/or statutory requirements
39 information
data in context
310 infrastructure
system of core assets, facilities and/or equipment
3.11 life cycle
time interval that commences with the identification of the need for an asset and terminates with the decommissioning ofthe asset or any liabilities thereafter
BS PAS 55-1:2003 pdf download
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