Achieving the UN Sustainable Development Goals and ISO 55000

extract from – Achieving the UN Sustainable Development Goals

Good Asset Management is a key enabler for organizations seeking to contribute to the achievement of the United Nations’ Sustainable Development Goals (SDG). Asset Management provides clarity of purpose and the management system to ensure that good intentions are turned into practical reality.

Effective and efficient organizations use a structured approach to their Asset Management in order to resolve competing priorities and ensure that long-term benefits are not sacrificed for more immediate needs. An Asset Management System (AMS) based on the ISO 55000 family of standards helps an organization to establish a coherent approach and coordinated delivery of appropriate resources and activities. It also incorporates monitoring and continual improvement elements to assure sustained achievement of the strategic objectives.

An effective and efficient AMS aligns an organization’s Corporate Social Responsibility (CSR) goals with daily activities and processes. Asset Management incorporates such goals into technical and financial decisions, to derive clear plans and activities. The AMS ensures performance delivery, monitoring and continual improvement to achieve the CSR goals at all levels.

“The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait”

Before the House Committee on Transportation and Infrastructure on “The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait”

review it here .


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In Brief 

Governors made investing in our nation’s infrastructure a top priority in 2019 and for the 116th Congress.

Infrastructure is the foundation states are built upon. It impacts everything from economic development and global competitiveness, to our quality of life, safety, environment and resiliency. Governors have taken action to enhance infrastructure, including creating new and increasing existing funding streams, advancing public private partnerships, addressing regulatory delays, improving transparency and promoting innovation.


Capital planning through the lens of ISO 55000

This paper is addresses capital planning that will be created by top management who understand organizational objectives and who want to implement a systematic approach to improved asset management. Case studies of organizations that have used advanced asset management systems are provided for context. Pertinent sections of ISO 55000/1/2 are addressed. First steps are suggested. And, very importantly, the ability to align existing Capital Planning standards, regulations and requirements with the ISO 55000/1/2

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#assetmanagement   #ISO55000  # IAM #Assetfinance

San bruno case study – PG& E

This case study is an overview of the actions taken by PG&E to transform its Gas Operations and begin rebuilding its reputation following the explosion of a gas transmission line in San Bruno, CA (near San Francisco).
This incident is relevant because the actions taken and the lessons learned are applicable to all gas operations worldwide to ensure catastrophic preventable incidents like this do not occur in the future including ISO 55000 and Strategic Asset Management

If you are interested in receiving a copy of the slides please complete the following form.


Impact of the GAO Report – GAO-19-57 Federal Real Property Asset Management

The recent report by the GAO on  Federal Real Property Asset Management . In this post we discuss the implications of this report  for both Private and Public-Sector Organizations.

Background :Senators Claire McCaskill and Tom Carper requested the U.S. Government Accountability Office to study the potential value of the ISO 55000 management system for asset management on the federal government


Can Technology get me to Scheduling Nirvana

The Simple answer  is No, before implementing any technology or even perfoming a major upgrade to your scheduling solution you should consider the following:

Assessment of Current Maintenance Strategy – Have you determined whether it’s more cost effective to perform maintenance or to run equipment to failure? To repair in-house or buy a replacement? These and many more questions are answered. 

Schedule Variances Cost Evaluation – Do you know the costs associated with last minute schedule changes like lost time, expedited shipping, and lost production? Identifying these costs is the first step to reducing or eliminating them. 

Maintenance Value Realization – Recognizing inefficiencies is the first step in correcting them. No matter which EAM/ERP/CMMS system you use, we have the experts to assist your team in developing a solution that works for your organization.  

How Can AJAG help with Inventory Management

Data Standardization and Cleansing – Is your EAM/ERP/CMMS filled with duplication and materials that are no longer used? Review of the asset lifecycle process ensures that ghost assets (assets no longer in use or no longer on site but still on the books) are not costing you in unnecessary taxes, or causing shortages during critical maintenance. 

Bill of Materials (BOM) Development – An accurate BOM is crucial for ensuring the right parts go out with the work order. Let us work with Planning & Scheduling to develop accurate BOM’s. 

Compatible Units – Does correcting the standardization of your material descriptions create problems with your existing compatible units? Does the possibility of moving to a new CU software system present an opportunity to cleanse existing CUs or material records?  

Kitting Program Support – Do you have technicians standing in lines at the storeroom to go shopping for materials for supposedly planned work? How much is that costing you? 

Inventory Turns/Risk Evaluation – Are you carrying materials in stores that don’t turn at least once a year? What happens if you don’t have a part? What is the risk?  

Spare Parts Analysis – What parts are ordered and on what frequency? Can we transfer this burden onto our vendors? Are there parts that should be placed in JIT (Just in Time) inventory?  

Vendor Evaluations – What vendors go the extra mile and which vendors should just go