Standards and Industry References

EcoStruxure™ Grid Asset Performance helps your organization implement the ISO 55000 framework. The ISO 55000 family is the first established set of International Standards for Asset Management and is emerging from the success of the British Standards Institution Identify and Asset Management (BSI/IAM) Publicly Available Specification (PAS) 55.

ISO Documents:

ISO55000 – Overview, Concepts & Terminology
ISO55001 – Requirements for Asset Management Systems (AMS)
ISO55002 – Guidance for AMS implementation

The Global Forum on Maintenance & Asset Management (GFMAM) is a non-profit-organization that operates as a worldwide community whose mission is to promote and develop the maintenance and asset management professions by collaborating on knowledge, standards, and practices.

GFMAM provides ISO55000 implementation best practices with a landscape comprised of 39 subjects grouped in six areas:

Landscape Subject Group	Landscape Second Edition Subject
Strategy and Planning	Asset Management Policy
	Asset Management Strategy and Objectives
	Demand Analysis
	Strategic Planning
	Asset Management Planning
Asset Management Decision Making	Capital Investment Decision Making
	Operations and Maintenance Decision Making
	Lifecycle Value Realization
	Resourcing Strategy
	Shutdowns and Outage Strategy
Lifecycle Delivery	Technical Standards and Legislation
	Asset Creation and Acquisition
	Systrems Engineering
	Configuration Management
	Maintenance Delivery
	Reliability Engineering
	Asset Operations
	Resource Management
	Shutdown and Outage Management
	Fault and Incident Response
	Asset Decommissioning and Disposal
Asset Information	Asset Information Strategy
	Asset Information Standards
	Asset Information Systems
	Data and Information Management
Organization and People	Procurement and Supply Chain Management
	Asset Management Leadership
	Organizational Structure
	Competence Management
Risk and Review	Risk Assessment and Management
	Contingency Planning and Resilience Analysis
	Sustainable Development
	Management of Change
	Assets Performance and Health Monitoring
	Asset Management System Monitoring
	Management Review, Audit, and Assurance
	Asset Costing and Valuation
	Stakeholder Engagement

According to this landscape,Grid Asset Performance covers the following subject areas:

Area	Subject	Contribution
Asset Information	Asset Information Strategy	Asset data models
Asset Management Decision Making	Lifecycle Value Realization	Impact of asset aging
Asset Management Decision Making	Capital Investment Decision Making	Creation of scenarios and programs with prioritization list of maintenance activities
Risk and Review	Risk Assessment and Management	Risk assessment methodology Common Network Asset Indices Methodology (CNAIM)
Risk and Review	Asset Performance and Health Monitoring	Asset health index calculation, probability of failure and inspections