Now for the first time ever, Reliabilityweb.com has assembled the world's leading experts and practitioners to provide you with a one day educational session designed to enlighten you on PAS 55, explain the opportunities and challenges, explore different PAS 55 roadmaps and explore certification options and business advantages.

Designed as a conference within a conference - this educational event will provide you with a fast track toward a business oriented global standard for asset management.

Presentations include:

8:00 am

Welcome and Opening Address

PAS 55 In North America Survey Results

Asset Management: BSI - PAS-55 Overview Globally Emerging Perspectives & Challenges by Jack Sherman, CEO & Brett Shaw, Senior Associate, UMS Group USA

Companies in all sectors are rapidly picking up on the potential for achieving benefits through improving asset management and delivering highly reliable, stable and cost-effective asset performance in terms improved customer service, and also in enhanced relationships with Regulators. Increasingly high degree of regulatory interest, particularly from Europe. Examples include UK regulator OFGEM pushing for utilities to be PAS 55 compliant by 2008; the Dutch regulator DTe has stated that PAS 55 certification is an appropriate answer to the regulatory requirements set on utility distribution companies. This presentation shows that the key requirement underpinning PAS 55 is the demonstrable ability to critically manage asset risk.

PAS 55 has been around for 5 years and has gained significant presence as a risk based management system across a variety of asset intensive industries worldwide. This presentation will discuss the arguments that lead to the development of a standard in Asset Management and the birth of PAS 55.

The presentation will consider how it delivers value for organizations and explain how it fits with other approaches in a complementary manner such that leading edge organizations are able to focus limited resources on delivering high performing organizations.

At a time when the ISO is launching an initiative to develop PAS 55 further into an International Standard for Asset Management it is timely to look at the successes of PAS 55 to date and explore how it can be developed further to increase international and cross-sectoral application of this well established approach.”

Coffee Break and Networking

An introduction to PAS 55 – Optimal management of physical assets by James V. Reyes-Picknell, President, Conscious Asset Management and Anders Lif, Global Director, Product & Industry Marketing, IFS World Operations

Asset Management goes well beyond the separate disciplines of engineering and maintenance. It is a discipline that deals with the entire life cycle of our physical assets and until recently there was no widely accepted guideline or standard on what Asset Management was and was not. PAS 55 is a Publicly Available Specification (PAS) published by the British Standards Institution satisfies that demand. Since publication in 2004, PAS 55 has continuously increased in popularity and is now used as a platform for many asset intensive industries around the world. It first gained recognition in the utilities sector and is now spreading to transport, facilities management, food, pharmaceuticals, chemicals and natural resources. It is nearing approval by ISO for development into an international standard. PAS 55 gives guidance and a 28-point requirements checklist of good practices in physical asset management and during this session we will introduce how to work with PAS 55 as a guideline for optimal management of physical assets.

PAS 55 leads to sustainable business practices – not just green, not just marketing hype, but businesses that truly serve the needs and interests of all their stakeholders: owners, employees, customers and the society in which it operates. Based on the Deming Cycle of Plan, Do, Check and Act, PAS 55 provides a framework for creating sustainable physical asset management practices tailored to your industry and business environment. You will see a framework for linking asset management practices with company strategy dealing with business risks, targeting asset investment and operational plans, definition of accountabilities and competencies, continuous improvement and change.

Lunch

ScottishPower’s Journey to Operations and Maintenance Excellence through PAS 55
by Bill Fulton, Project Manager, ScottishPower O&M Project, Solution Architect, Ivara Corporation

Learn how Scottish Power ingrained a sustainable process for asset management. Bill Fulton was the OMS Project Lead at ScottishPower ScottishPower Energy Wholesale, the second company in the world to achieve PAS 55 compliance to the updated standard. Bill will outline the framework for ScottishPower's Operations and Maintenance and Operations Strategy (OMS), including a new risk based approach to asset management. He will discuss the timing and critical success factors in how they became PAS 55 compliant. Understand the key elements required before you define your AM strategy, tips on how to develop and implement an AM Strategy, how to identify, appraise and prioritize options and develop effective AM plans.

Attend this session to ensure that your organization knows and manages risk effectively and that how to review and improve performance over time. Learn how to define asset information, guide how it is gathered and analyzed, how it is interpreted and how generally managed. Finally understand the key steps in how ScottishPower developed their organization for a sustainable AM culture.

Coffee Break and Networking

Will PAS 55 solve all our Asset Management Challenges?
by Henry Ellmann

Awareness for reliability, safety, environment, quality of products and services so as resource utilization issues, added to the previous uptime and low-cost expectations,

The rapidly increasing international consensus about the need for good practices in the physical assets management, led a large number of organizations and individuals acting in the field, to join efforts to originate PAS 55, a set of standardized specifications for the optimal management of physical assets and guidelines for their application.

PAS 55 construes a major step forward in the understanding and effective implementation of asset management. Will it solve all our Asset Management Challenges ?

PAS 55 Panel Discussion

Early Bird Welcome Reception