PAS 55 services

Asset custodians are increasingly being asked questions about the condition and performance of their assets, and whether they have a maintenance policy for optimum performance and longevity.

The publicly available specification (BSI PAS 55) identifies the core principles of proper asset management. As well as providing a route map for the introduction of an asset management regime, certified compliance with the specification also allows operators to demonstrate effective management to stakeholders.

How we can help

Our services include:

Training - providing senior management with an overview of the requirements of BSI PAS 55, and for practitioners, a more detailed course to train staff how to implement the specification.

Workshops - facilitated discussions designed to not only convey key aspects of asset management and PAS 55, but also to promote an internal review of how well the systems in place align with the principles of PAS 55 - a useful preparation in advance of independent system verification.

Verification - assess and if compliant, certify, conformance with the requirements of the specification. Various stages are offered, including Gap, Preliminary and Certification assessments.

What are the benefits?

• A PAS 55 based system ensures your business has the key elements of asset management in place - and in asset intensive industries such as transportation sustainable asset performance is essential
• Costs and associated performance are managed in an optimal way delivering the required operational, safety and business performance
• Verification supports corporate governance through independent verification of safety and business critical system compliance and provides evidence for regulators and other stakeholders that assets are being appropriately maintained and short and long term issues and risks are being addressed

Recent projects

• Review of a major Rolling Stock Leasing Company's asset management arrangements against PAS55 providing feedback on areas for improvement
• Certification of the Asset Management system of the Kowloon Canton Railway Corporation in Hong Kong against the requirements of PAS 55. The assessment provided not only the public evidence of a strong system, but also a challenging test from which the organisation gained valuable feedback.

What next?

To receive a copy of our PAS 55 information pack including further details about the above projects, please contact Rhys Davies: