Mining

Asset Management System Implementation

Shivaan Asset Management delivered a trusted ISO 55001 AMS for a global mining leader.

Timeline saved, delivered in 36 days against a 70-day plan: 34 days

Financial saving, delivered at 51% of the planned budget: 49%

Asset Management Standard aligned to ISO 55000, 55001, 55002 and 55010: ISO 55000

In brief

Shivaan Asset Management delivered a comprehensive, adaptable ISO 55001 asset management system documentation set for a leading global mining and metals operation.
It was delivered comfortably inside both the planned schedule and the planned budget.
The set covers the AM policy and policy statement, strategic asset management plans (SAMP), asset management plans (AMPs), the asset management framework guideline and an asset management standard aligned to ISO 55000, 55001, 55002 and 55010.
The templates are adaptable, so the same AMS documentation can be used across the global business functions.

Project Overview

Shivaan Asset Management's in-house capability and experience with development and implementation of ISO 55001 Asset Management System (AMS) were trusted by one of the leading global mining and metals companies. The client laid out clearly their business objectives, needs and requirements and we assured them of a sustainable and resilient deployment of AMS for their global business.

Scope Of Works

Shivaan Asset Management reviewed their existing AMS documentation available and conducted a thorough gap analysis to provide our client with the understanding of the level of information they would require for their AMS Documentation. We also initiated template development that can be adapted to various parts of their businesses and operations.

Project Outcomes

Shivaan Asset Management delivered a comprehensive, cohesive and adaptable AMS Documentation that aligned to our client's AMS Framework, Company's Strategic Plan and Objectives.

Delivery duration

Delivered in 36 days against a 70 day plan, a saving of 34 days.

Budget used

Delivered at 51% of the planned budget, a saving of 49%.

The AMS Documentations delivered were:

AM Policy and Policy Statement
Strategic Asset Management Plans (SAMP)
Asset Management Plans (AMPs)
Asset Management Framework Guideline
Asset Management Standard (aligned to ISO 55000, ISO 55001, ISO 55002 & ISO 55010)

Read what an asset management system is and what sits inside one

Value Delivered

Provided understanding of how Leadership team need to support the continuous improvement and governance of the AMS by measuring performance against the business objectives and goals.
Supported in implementing strategic and tactical balanced decision making criteria and processes (top-down directives and bottom-up performances and information).
Robust management of business financials (CAPEX and OPEX), Annual Production Rates and Risks from the assets/equipment in scope.
Standardisation of AMS Documentation within the global business functions.

How a strategic asset management plan links organisational objectives to asset decisions

Frequently asked questions

What asset management system documents were delivered?

The AM policy and policy statement, strategic asset management plans (SAMP), asset management plans (AMPs), the asset management framework guideline, and an asset management standard aligned to ISO 55000, ISO 55001, ISO 55002 and ISO 55010.

How long did the implementation take?

It was delivered in 36 days against a 70 day plan, a saving of 34 days.

How did the cost compare with the plan?

It was delivered at 51% of the planned budget, a financial saving of 49%.

Which standards was the asset management system aligned to?

ISO 55000, ISO 55001, ISO 55002 and ISO 55010.

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