Asset Management: Beyond 2020

Abstract

This Asset Management Beyond 2020 document provides: (1) an introduction to asset management (AM) and an asset management system (AMS), along with insights to next steps, (2) an overview of the International Standards Organization (ISO) 55000 series documents, (3) an overview of the ISO 55001 gap analysis of Center 4700/4800 ("Facilities") organizations at Sandia National Laboratories, hereafter referred to as Sandia, with observations, gaps, and gap closure recommendations, and (4) an asset management architecture (AMA) recommendation aligned with the ISO 55001. The AMS and the AM are different but related. ISO 55000 cites AMS as "a management system for AM" to "direct, coordinate, and control AM activities." ISO 55000 cites AM as translating "the organizational objectives into technical and financial decisions, plans and activities."1 Essentially, the AMS begins with all levels of leadership to enable a structured and consistent approach to AM culminating in lifecycle asset management excellence.