PAS 55PAS 55 is the British Standards Institution's (BSI) Publicly Available Specification for the optimized management of physical assets that defines good asset management practice throughout the lifecycle of an asset. It is a unified approach that brings together all the different and diverse areas of your organisation under a common set of guidelines, facilitating more efficient and more cost-effective asset management. EA Technology are experts in PAS 55 and can help you implement it to provide:
- Greater formalisation of asset management plans
- Stronger links between plans and targets
- Clearer information for executives and asset managers
- Improved visibility of asset management issues
How does PAS 55 work?
PAS 55 condenses best practice from across the world into a set of objective measures and recommendations for 28 aspects of good asset management, from lifecycle strategy to everyday maintenance (cost/risk/performance). It covers all aspects of the asset life, from initial design, through acquisition, construction and commissioning, to utilisation and operation, maintenance, renewal and modification, to the ultimate disposal at end of life.
PAS 55 part 1 provides a checklist of what needs to be in place, while part 2 offers extensive guidance and illustrations of how to achieve these requirements.
By defining the terms used in asset management, PAS 55 also provides a common language for different teams and specialties and provides the framework for understanding how individual parts of the process fit together, and how the many mutual interests and agendas can be integrated and optimised.
Why choose EA Technology for PAS 55?
At EA Technology, we understand that PAS 55 offers more than just a written standard; it also delivers real, tangible benefits across your organisation. Our PAS 55 implementation service aims to deliver more than just compliance, and we will only recommend implementation if we can clearly demonstrate how it will work for your organisation and the benefits it will deliver.
EA Technology offers unrivalled experience and understanding of PAS 55. We played an integral part in the establishment of the standard, including developing the methodology used to assess compliance, and we have been working with the principles worldwide for over eight years, both in the electricity sector and across industry. We are currently on the UK committee working to convert PAS 55 into an internationally recognised standard ISO550000 by 2014.
PAS 55 Brochure