What is a management system?
A Management System is the set of policies, procedures and processes that people must execute to fulfill the strategic objectives of the organization they work for.
Why is ISO 55000 important?
ISO 55000 was a breakthrough in thinking for asset management. It describes how assets are to be managed throughout their life cycle, not what to do. One of its most significant features is the requirement to link an organization's strategy to manage its assets to the strategy of the business. This requirement will focus the attention of C-level executives on the performance of their physical assets.
What is Business Motivation?
Business Motivation expresses an organization's strategic intent. It articulates the problem an organization wants to solve and governs all aspects of a project through to implementation of the solution. It describes a picture of what success looks like after the problem is solved. The Business Motivation describes measures of success and targets, critical success factors that must be addressed, and barriers to change that must be dealt with.
What is the IIoT?
The IIoT is the Industrial Internet of Things. It represents the next industrial revolution, 4.0. Major structural changes make this possible: the internet, cloud, big data and analytics, and mobile and social. The IIoT will change the way business is done and they way people work. This train is coming. Reliability is leading the train.
What is ISO 55000?
ISO sets the international standard for a management system. ISO 55000:2014 is the standard for Asset Management. It was published in response to a need to get greater value from physical assets following the privatization of the utility industry in the UK.
Is ISO 55000 compliance important?
What's important is that everything you do to improve asset performance by invoking change generate outcomes that are ISO 55000 compliant. In this way, your organization moves toward ISO 55000. It's the right thing to do. It will take time to become compliant in all aspects of the standard.
What is Line-Of-Sight?
Line-Of-Sight has 2 dimensions. It is expressed vertically from what people do, how they do it, and the technologies they use through to the impact on the customer, the source of revenue, and profit. Horizontally, Line-Of-Sight means everything people do can be traced to one or more strategic objectives of the organization they work for.
How do I start with the IIoT?
It is early days for the IIoT. The big industrial automation players are spending $Bs to develop open IoT platforms and position with strength to take advantage of this opportunity. As a user, understanding the many moving parts, the business risks, costs, and potential benefits is critical. Partner carefully. It's important to start, but start small.