Machinery Lubrication

Machinery Lubrication May June 2016

Machinery Lubrication magazine published by Noria Corporation

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M a i n t e n a n c e a n d R e l i a b i l i t y T ISO 55000 his past year I've been spending a lot of time studying the possi- bilities of ISO 55000, especially its long-term impact on the lubrication field. I was a bit skeptical at first. Now I view it as a game-changer to machinery asset management and the field of reliability in general. If you haven't heard of ISO 55000, this might be a great time to get acquainted — very acquainted. ISO 55000 is an international standard published by the International Organization for Standardization (ISO), created and approved by representatives from 10 coun- tries, 50 organizations and 15 different industries. The foundational elements of ISO 55000 originate from the British Stan- dards Institution (BSI) standard PAS 55. It provides an overarching framework for using modern principles of asset management to achieve a wide range of precisely defined organizational objectives. An asset, by definition, is anything that has future value. Plant machinery and equip - ment are most commonly referred to as assets. However, people are assets too, as is software, intellectual property (e.g., patents and trademarks), knowledge/skills, goodwill and so much more. In a nutshell, asset management can probably be best summed up by the following sentences excerpted from ISO 55000. Certain words are underlined to emphasize concepts and themes that I will further develop in this and future columns. "Asset management involves the balancing of costs, opportunities and risks against the desired performance of assets, to achieve the organiza- tional objectives." "An asset management system provides a structured approach for the development, coordi- nation and control of activities undertaken on assets by the organization over different life cycle stages, and for aligning these activities with its organizational objectives." ISO 55000 has many similarities to ISO 9000, which focuses on quality manage- ment and assurance. More than 1 million organizations are now certified by ISO 9000 worldwide. Conversely, ISO 55000 is written in the context of asset management and its many familiar subcategories. These subcat - egories include reliability, reliability-centered maintenance (RCM), total productive main- tenance (TPM), preventive maintenance, predictive maintenance, proactive mainte- nance, oil analysis, lubrication, etc. There are three parts to this standard, which are listed below. For simplicity, my reference to ISO 55000 in this column includes the three parts collectively: 1. ISO 55000: Asset Management – Overview, Principles and Terminology 2. ISO 55001: Asset Management — Management Systems — Requirements 3. ISO 55002: Asset Management — Management Systems — Guidelines for the Application of ISO 55001 The adoption of ISO 55000 (all three parts) "enables an organization to achieve its objectives through the effective and efficient management of its assets … consistently and sustainably over time." This process can be distilled down to six key actionable elements. These are shown in the table below and flow like a sequence of steps. Although the steps AS I SEE IT Jim Fi t ch | Nori a Corpor at ioN Change the Definition of Will LUBRICATION EXCELLENCE? 2 | May - June 2016 | ISO 55000 IN SIX ESSENTIAL STEPS STEP STEP ELEMENT 1 The Larger Organizational Objectives 2 Asset Management Objec- tives (policies) that Support Organizational Objectives 3 Asset Management Transformation Plan 4 Implementation of Asset Management Transforma- tion Plan 5 Performance Assessment 6 Performance Improvement & Governance

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