Best-practice maintenance organizations realize that effective, measured and documented asset management methods and work practices lead to increased safety, availability, reliability, throughput and due diligence as well as reduced insurance costs, energy consumption and carbon footprint.
The ISO 55000 Asset Management standard published last year by the International Organization for Standardization, Geneva, Switz., sets realistic expectations for asset management and defines structure and accountability for asset management best practices. Companies in the process industries, given their current level of asset management and vulnerability to high-consequence failures, are ideal candidates for ISO 55000 certification.
