PECB ISO 55001 Lead Implementer flashcards
PECB ISO 55001 Lead Implementer · Build recall with a focused review session.
32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Asset
- An item, thing, or entity that has potential or actual value to an organization. Value may be tangible or intangible, financial or non-financial.
- Asset management
- Coordinated activity of an organization to realize value from assets, balancing financial, technical, and other considerations against risk, cost, and performance.
- Asset management system
- Set of interrelated or interacting elements of the organization used to establish asset management policy and objectives and processes to achieve those objectives.
- ISO 55000
- International standard providing an overview of asset management, its principles, and terminology; it is informative and not used for certification.
- ISO 55001
- International standard specifying requirements for an asset management system; it is the certifiable standard against which organizations are audited.
- ISO 55002
- International standard providing guidance on applying ISO 55001; it explains how to interpret and implement the requirements but adds no new requirements.
- PDCA cycle
- Plan-Do-Check-Act cycle underlying ISO 55001: planning in clauses 4-7, operation in 8, performance evaluation in 9, and improvement in 10.
- Implementation mandate
- Formal approval from top management authorizing the AMS project, naming the sponsor, scope, budget, timeline, and success criteria before work begins.
- Gap analysis
- Comparison of the current state against each ISO 55001 requirement, producing a prioritized list of gaps and recommended actions for the implementation roadmap.
- Context analysis
- Identification of external and internal issues, interested parties, legal requirements, and organizational objectives that the asset management system must support.
- AMS scope statement
- Document defining which organizational units, asset types, and locations the asset management system covers, and which are explicitly excluded.
- Asset management policy
- Top-level statement of intent consistent with organizational direction, including commitments to satisfy requirements and to continual improvement, communicated within the organization.
- Implementation roadmap
- Phased plan sequencing AMS activities with milestones, owners, dependencies, and resources; it is a living document updated as the project progresses.
- Steering committee
- Executive-level body established at initiation that approves AMS scope, resolves escalations, and allocates resources throughout the implementation.
- Risk and opportunity planning
- Clause 6.1 requirement to identify risks and opportunities affecting the AMS, plan actions, integrate them into processes, and evaluate effectiveness.
- Asset management objectives
- Measurable objectives at relevant functions and levels, consistent with the asset management policy, with plans describing how each will be achieved.
- Strategic asset management plan
- Document translating organizational objectives into asset management objectives and the asset management plan or plans that support them.
- Asset management plan
- Plan specifying activities, resources, responsibilities, timeframes, and expected outcomes for a defined asset class or system.
- Competence matrix
- Tool mapping required competencies for asset management roles against current holder capabilities; gaps drive training and recruitment actions.
- Documented information control
- Clause 7.5 requirement to create, update, and retain information with appropriate identification, format, review, approval, and protection from loss.
- Operational planning and control
- Clause 8.1 requirement that processes be carried out under specified conditions with defined criteria, resources, and controls.
- Emergency preparedness
- Clause 8.2 requirement to identify potential emergency situations, plan responses, test them, and review after incidents or tests.
- Awareness requirement
- Clause 7.3 requirement that workers know the asset management policy, their contribution to AMS effectiveness, and implications of nonconformity.
- Asset register
- Controlled record of assets with identifiers, attributes, location, condition, and lifecycle data used to support asset management decisions.
- Management of change
- Controlled process for assessing and approving changes to assets, processes, or organization so that AMS performance is not degraded.
- Monitoring and measurement
- Clause 9.1 requirement to determine what to monitor, the methods, timing, and who analyzes and evaluates the results.
- Key performance indicator
- Measure linked to an asset management objective, defined by formula, data source, frequency, and target, used to evaluate performance.
- Internal audit
- Clause 9.2 requirement for objective, impartial audits planned by process importance, changes, and prior results, producing findings and nonconformities.
- Management review
- Clause 9.3 requirement for top management to review the AMS at planned intervals, considering defined inputs and producing decisions on improvement and resources.
- Corrective action
- Clause 10.2 requirement to react to a nonconformity, eliminate its cause, implement action proportionate to the effect, and review effectiveness.
- Stage 1 audit
- Certification readiness audit reviewing documented information, scope, and understanding of requirements to determine readiness for the stage 2 audit.
- Surveillance audit
- Periodic audit during the three-year certification cycle verifying continued conformity and effectiveness of the asset management system.