{"id":4357,"date":"2022-09-08T14:33:50","date_gmt":"2022-09-08T13:33:50","guid":{"rendered":"https:\/\/www.twpl.com\/?page_id=4357"},"modified":"2022-09-08T14:40:51","modified_gmt":"2022-09-08T13:40:51","slug":"frequently-asked-questions-2","status":"publish","type":"page","link":"https:\/\/www.twpl.com\/es\/resources\/frequently-asked-questions-2\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4357\" class=\"elementor elementor-4357\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27ae9147 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"27ae9147\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-112b64b\" data-id=\"112b64b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d8f09b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8f09b3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-b9f426e\" data-id=\"b9f426e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-387ba1 elementor-widget elementor-widget-heading\" data-id=\"387ba1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d7df38f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d7df38f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-713d5f1\" data-id=\"713d5f1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4534d1c elementor-widget elementor-widget-global elementor-global-3513 elementor-global-811 elementor-widget-woocommerce-breadcrumb\" data-id=\"4534d1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"woocommerce-breadcrumb.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<nav class=\"woocommerce-breadcrumb\" aria-label=\"Breadcrumb\">Inicio<\/nav>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-342bf30 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"342bf30\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f3ac01d\" data-id=\"f3ac01d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bb7e62d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bb7e62d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-50633e0\" data-id=\"50633e0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca593a4 elementor-widget elementor-widget-toggle\" data-id=\"ca593a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2121\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2121\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What is Asset Management?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2121\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2121\"><p>The formal definition of Asset Management in the ISO 55000 standard is\u00a0 \u201c&#8230;&#8230; the <strong>coordinated activity<\/strong> of an organization to <strong>realize value<\/strong> from <strong>assets<\/strong>\u201d.<\/p><p>This focusses on the value obtainable from assets and their useage, not just &#8216;managing them&#8217;.\u00a0\u00a0 So it is much more than just <i>caring <\/i>for assets (maintenance).\u00a0 Similarly it is more than buying and selling assets, as implied by the financial world in relation to management of an investment portfolio.\u00a0 The focus on value creation or realisation is also evident in how we recognise what an asset it in the first place:<\/p><p>&#8220;An asset is an item, thing or entity that has a <strong>potential<\/strong> or <strong>actual value <\/strong>to an organization&#8221;\u00a0 and\u00a0 &#8220;Assets exist to provide value to the <strong>Organization and its Stakeholders<\/strong>&#8220;.\u00a0\u00a0 (ISO55000)<\/p><p>The assets can take many forms &#8211; physical equipment and infrastructure, money and credit, or more intangible things like information, reputation or intellectual property.\u00a0 In all cases they are assets because they have, or offer potential, value.\u00a0 And, through asset management (over their whole life cycle) such value can be realised.<\/p><p>The IAM&#8217;s \u201c<a title=\"The Big Picture - What is Asset Management?\" href=\"https:\/\/vimeo.com\/574823596\" target=\"_blank\" rel=\"noopener\">The Big Picture &#8211; What is Asset Management?<\/a>\u201d is a good general introduction.\u00a0\u00a0 And for further information try <a href=\"https:\/\/www.assetmanagementstandards.com\">www.assetmanagementstandards.com<\/a> and &#8220;<em>Asset Management &#8211; an Anatomy<\/em>&#8221; (from <a href=\"https:\/\/www.theIAM.org\">www.theIAM.org<\/a>) .<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2122\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2122\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What Asset Management is not!<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2122\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2122\"><p>Firstly, it is not just \u201cprofessional management of equipment <b>maintenance<\/b>\u201d.&nbsp;&nbsp; Despite the common re-naming of maintenance as &#8216;asset management&#8217;, this is really not right.&nbsp; Maintenance is asset <i>care<\/i>, not asset <i>management.<\/i>&nbsp;\n The whole life cycle management includes choosing what to buy\/build in \nthe first place, how best to use\/operate it, care for it (maintenance) \nand ultimately decommission, replace or repurpose it.&nbsp;&nbsp; Asset Management\n considers how best to do all these things, in a joined-up way.&nbsp; This \ninvolves juggling all the costs, risks, performance and sustainability \nconsiderations to maximise the net value to the organisation and its \nstakeholders.&nbsp; And this multi-dimensional competence is not limited to \nphysical assets either.&nbsp; The skills, processes, tools and best practices\n in Asset Management apply to both tangible and &#8216;intangible&#8217; assets &#8211; \nanything that is of value, or potential value, to an organisation.<\/p>\n<p>Asset Management is therefore not just <b>Financial <\/b>Assets \nmanagement.&nbsp; Although the financial services industry does indeed juggle\n costs, risks, performance to maximise net value, it only does so for \ncertain classes of asset.&nbsp;&nbsp; The wider discipline of Asset Management \naddresses the total organisaitonal capability to optimally manage the \nfull portfolio of different asset types, networks and systems upon which\n it relies. <\/p>\n<p>To find out more, try some of the &#8216;taster&#8217; modules of our e-learning programmes at <a href=\"\/\/www.assetmanagementacademy.com\">www.assetmanagementacademy.com<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2123\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2123\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Where did Asset Management come from?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2123\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2123\"><p>Asset Management has been evolving for at least 40\u00a0 years as a recognized management discipline,\u00a0\u00a0\u00a0 The origins lie in two fields, both facing crises and converging on similar conclusions about what needed to change.\u00a0 One root is the North Sea oil and gas industry during the 1980s: the combination of the Piper Alpha disaster (with 187 fatalities) and the oil price crash forced the whole industry to revaluate the business model from the ground upwards.\u00a0 BP and Shell led the way, developing an integrated, cross-discipline view of value-maximization over the whole life cycle of their reserves, production platforms, and infrastructure.\u00a0 Results were spectacular &#8211; a 75% reduction in safety incidents within 4 years, a 40% reduction in total operating costs, and 5-10% increase in asset system uptime and performance.<\/p><p>In the same period, the public sector services (especially water and wastewater) in New South Wales, Australia were suffering from a combination of cumulative degradation of core infrastructure (due to a history of short-termism and annual budget focus), rising operational costs, and poor service.\u00a0\u00a0 The state premier forced private sector disciplines of strategic planning, risk management, and value-based proactive investment, increasingly consolidated as an &#8216;Asset Management&#8217; business approach.<\/p><p>British Standards and the UK Institute of Asset management developed the first public definition of requirements for good asset management practices in BSI <strong>PAS 55<\/strong> (&#8220;A publicly available specification for optimal management of physical assets&#8221;).\u00a0 This was an international collaboration, led by John Woodhouse of our company, with 15 countries and 10 industries involved, leading to a worldwide best-seller (outstripping even the popular ISO9000 Quality Management standard). \u00a0 PAS 55 is still a great guide for understanding and establishing good practices, and is available from\u00a0 <a href=\"https:\/\/webstore.ansi.org\/Search\/Find?in=1&amp;st=PAS+55-1%3A2008\">www.ansi.org<\/a><\/p><div>\u00a0<\/div><div>Developing out of PAS 55, the first International (ISO) standard was developed in 2014.\u00a0 <strong>ISO 55000<\/strong> is a &#8216;management systems&#8217; standard (like ISO9000, 14000, and others), defining the requirements for a &#8216;competent&#8217; level of asset management that can be independently audited and certified.\u00a0\u00a0 Woodhouse experts are members of the national and international committees helping to develop and now maintain\/update these standards.<\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2124\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2124\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What benefits can I expect by improving Asset Management in my organisation?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2124\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2124\"><p>Asset Management ensures that all assets are acquired\/created, used, maintained, disposed\/renewed in line with delivering the organization\u2019s business objectives.\u00a0 In other words, it forces everyone to focus on real value for money, breaking down departmental silos, reducing short-termism, and resolving conflicting priorities. This yields better integration and coordination, reducing re-work, waste, &#8216;lost opportunities&#8217;, and communication problems. Decisions get made faster and on more robust and transparent value criteria rather than localized self-interests.<\/p><p>Organizations that are applying Asset Management methods show significant reductions in total operating costs (often 20-40% ), greater asset systems performance and customer service (ranging widely from 3%-25%\u00a0 improvement), and much greater transparency, coherence, and credibility in their activities.\u00a0 This raises the confidence of stakeholders such as regulators and investors and also stimulates much greater staff engagement and productivity.\u00a0\u00a0 An Asset Management transformation program is not easy &#8211; it challenges many aspects of what an organization does, and touches almost everyone &#8211; but the prizes are enormous, as evidenced by the case studies and validated benefits increasingly reported.<\/p><p>Visit our <a href=\"\/resources\/case-studies\/\">Case Studies<\/a> page to see the scale of some of these transformations.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2125\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2125\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What are the main principles of good practice Asset Management?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2125\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2125\"><p>The principles of good practice asset management connect together the worlds of finance, operations, customer service, and engineering. In high-level terms they involve:<\/p><ul><li>Establishing transparent &#8216;line of sight&#8217; linkage between the organization\u2019s strategic\/business plan right down to the level of who does what, when, and why in specific asset investments, operations, and maintenance activities.\u00a0 And, correspondingly, upward recognition of the realities of assets and asset management capabilities are more explicitly incorporated when shaping of the strategic\/business plans.<\/li><li>The \u2018closing of the loop\u2019 in capture and usage of information to support the optimization of decisions across an asset or system lifetime.<\/li><li>Recognizing and optimizing the relationships between different life cycle activities, costs, and impacts, such as capital expenditure and operating costs, risk, asset performance, and asset life expectancy\/sustainability.<\/li><li>Cross-disciplinary collaboration in the resolving of problems, priorities, and optimal decisions (which nearly always involve compromise and trade-offs, often with incomplete information).<\/li><li>Actively managing risks and uncertainty, and incorporating them into decision-making processes.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2126\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-2126\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How do I learn about Asset Management?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2126\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-2126\"><p>Asset Management skills are among the most valuable that you can develop in any career.\u00a0 They are highly transferable and bridge the gap between technical\/functional responsibilities and organization\/business management.\u00a0\u00a0 A good Asset Manager can be described as a &#8216;specialist generalist&#8217; &#8211; someone who understands, and can harness, a broad range of concepts, practices, and capabilities, retaining a clear vision of what is worthwhile and why.\u00a0 This involves leadership skills, communication skills, and strategic thinking, as well as the more technical aspects of risk management, life cycle costing, optimal decision-making, information management, change management, performance monitoring, and continual improvement practices.<\/p><p>A good place to start in your learning journey is a Foundation-level training course.\u00a0 This introduces core concepts and the variety of Asset Management subjects in which more specific skills and understanding are needed.\u00a0\u00a0 Thereafter, we offer a multi-step professional development pathway via\u00a0 Certificate, Diploma, and Masterclass qualifications, with formal recognition via the IAM Qualifications and\/or WPiAM examinations.\u00a0 These training options, available as classroom courses, virtual (remote) training programs, e-learning courses, and personal\/group coaching options, can all be found at our extensive <a href=\"https:\/\/www.assetmanagementacademy.com\">Asset Management Academy<\/a>.<\/p><p>For the development of <i>organization-wide <\/i>competencies, we recommend a systematic initial assessment of current capabilities, to ensure that existing skills are recognized and built upon.\u00a0\u00a0 Our approach incorporates the IAM Competence Framework for Asset Management (which we helped to develop).\u00a0 This is a structured coverage of the 7 key roles in asset management, at different levels of responsibility, and 28 competency areas, with 128 skills and knowledge elements, that need to be considered for their criticality and value.\u00a0\u00a0 Building an effective transformation program then involves a <i>blended learning <\/i>approach, using a mix of education, skills training, coaching, and culture change.\u00a0 This is an area where The Woodhouse Partnership is uniquely experienced and effective.\u00a0 For more information on such options, <a href=\"\/contact-us\/\">contact us<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2127\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-2127\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What is a Strategic Asset Management Plan (SAMP)?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2127\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-2127\"><p>A SAMP is the ISO 55000 name for an Asset Management Strategy.\u00a0 It documents the consensus about the current situation (with respect to assets, context, capabilities, etc), the strategic objectives, and the plans to achieve them.\u00a0\u00a0 Most importantly, it takes a holistic view of the asset portfolio and the development of the organization&#8217;s asset management capabilities.\u00a0 The role of a SAMP is to ensure that organizational direction is translated into practical programs of delivery (top-down alignment) and that operational realities of asset\u00a0 condition, performance, risks, and opportunities are (upwardly) recognized and included in the realistic<\/p><p>The <a href=\"\/Resources\/#shop\">Strategic Asset Management Plan (SAMP) guide<\/a>, authored by John Woodhouse, has been developed to provide guidance for organizations who manage physical assets, and who wish to put in place or improve an existing management system for asset management. It sets out a practical and pragmatic approach to the development of a SAMP or Asset Management Strategy, that will conform with ISO 55001 requirements and clarify priorities, align stakeholders and deliver the best possible value to the organization. <span>The Asset Management SAMP guide is complementary to ISO 55002 (including the current updates, which expand on the importance and role of the SAMP) and is available to <\/span><a style=\"background-color: #ffffff\" href=\"\/resources\/#shop\">purchase now<\/a><span>.<\/span><\/p><p><span>We have detailed more information on how we can assist you to develop a SAMP in your organization <a href=\"https:\/\/twplguk.wpengine.com\/corporate-development\/strategic-planning\/\">here<\/a>.<\/span><\/p><p>SAMP TRAINING COURSE: the Woodhouse Asset Management Academy offers a 2-day SAMP course providing real practical insight into the development of effective strategies for asset management, which is suitable for all levels of asset management experience. Head to our <a href=\"https:\/\/www.assetmanagmentacademy.com\" target=\"_blank\" rel=\"noopener\">Academy<\/a> for more information.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2128\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-2128\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What is ISO 55000?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2128\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-2128\"><p>In 2002-2008 the Institute of Asset Management (IAM) in conjunction with British Standards Institution (BSI) developed <b>PAS 55<\/b>, the first &#8216;<i>publicly available specification for optimised management of physical assets<\/i>&#8216;.\u00a0 This was led by John Woodhouse of our company, in collaboration with 50 organisations from 15 industry sectors in 10 countries. PAS 55 became an international bestseller, with widespread adoption in utilities, transport, mining, process and manufacturing industries worldwide.\u00a0\u00a0 it is still a valuable aid to understanding and implementing good Asset Management practices.<\/p><p>In 2010, the International Standards Organisation (ISO) accepted PAS 55 as the basis for development of the new <b>ISO 55000<\/b> series of international standards.<\/p><p>ISO 55000 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Specifies the overview, concepts and terminology in Asset Management<\/p><p>ISO 55001\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Defines the requirements for a management system for Asset Management<\/p><p>ISO 55002\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Provides interpretation and implementation guidance for such a management system<\/p><p>ISO 55010\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Guidelines for the alignment between financial and non-financial asset management functions<\/p><p>For more information on PAS 55 and\u00a0 ISO 55000 series visit <a href=\"www.assetmanagementstandards.com\" target=\"_blank\" rel=\"noopener\">www.assetmanagementstandards.com<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2129\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-2129\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How do I become ISO 55001 certified?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2129\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-2129\"><p>ISO 55001 is the requirement specification for an organisation&#8217;s management system (for Asset Management), so it is not the basis for certifying an individual person.\u00a0 If you are seeking Asset Management qualifications (e.g. formally recognised Certificate or Diploma) please head to our <a href=\"www.assetmanagementacademy.com\" target=\"_blank\" rel=\"noopener\">Asset Management Academy<\/a> for further information.<\/p><p>For organizations seeking ISO certification of their Asset Management System, our IAM-Endorsed <a href=\"https:\/\/twplguk.wpengine.com\/corporate-development\/assessments-audits-and-certifications\/\">assessment service<\/a> provides an objective review of your maturity against all the requirements of the ISO 55001 standard.\u00a0\u00a0 Our recognised expert auditors also provide structured assessments, gap analyses and improvement reviews against all 39 subject areas of the GFMAM &#8216;Landscape&#8217; for Asset Management (not just the management system elements).\u00a0 <\/p><p>From such an assessment, we offer a uniquely effective process for developing a value-prioritised roadmap to address gaps and exploit improvement opportunities.<\/p><p><a href=\"https:\/\/twplguk.wpengine.com\/contact-us\/\">Contact us<\/a> now to find out how we can help your organization achieve ISO 55001 Certification.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-21210\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-21210\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What makes Woodhouse different to other Asset Management consultants?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-21210\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-21210\"><p>The Woodhouse Partnership is distinctively different to conventional &#8216;consultancy&#8217; service providers.\u00a0<\/p><p>We do not have &#8216;juniors&#8217; &#8211; only highly experienced subject matter experts, each with over 20 years of personal success in industrial and infrastructure asset\u00a0 management.\u00a0 This means &#8216;<i>who you see is who you get<\/i>&#8216; &#8211; direct access to the experts.<\/p><p>We don&#8217;t &#8216;sell&#8217; a pre-conceived, packaged &#8216;solution&#8217;.\u00a0\u00a0 Every client is different, with a unique combination of existing capabilities, asset portfolio, culture and operating context.\u00a0 So we always provide a way forward that <i>builds upon what is already good<\/i>, introduce only value-adding elements, create better understanding, integration and alignment.\u00a0 We also always build strong local &#8216;ownership&#8217; so that the improvements are real and sustained.<\/p><p>Established in 1995, the Woodhouse Partnership has, for over <a href=\"\/about-us\/our-story\/\">25 years<\/a> been at the forefront in developing and implementing best practices in Asset Management.\u00a0 We are trusted advisors to some of the largest organizations in the world, providing support right through to the realization of tangible, validated benefits.<\/p><p>We offer global reach with multi-industry experience, an unrivalled pool of expert <a href=\"\/about-us\/our-experts\/\">consultants<\/a> and a lengthy catalog of awards and <a href=\"\/case-studies\/\">success stories<\/a>.\u00a0 Most of our assignments come from word-of-mouth recommendations from our many <a href=\"\/about-us\/testimonials\/\">satisfied clients<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d2959f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d2959f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3732030\" data-id=\"3732030\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e53e2c elementor-widget elementor-widget-heading\" data-id=\"1e53e2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;0.5&quot;,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_effect&quot;:&quot;yes&quot;,&quot;motion_fx_opacity_range&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:&quot;0&quot;,&quot;end&quot;:&quot;50&quot;}},&quot;motion_fx_opacity_direction&quot;:&quot;out-in&quot;,&quot;motion_fx_opacity_level&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Our Clients Have To Say\u200b<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8c86854 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c86854\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7b4239d\" data-id=\"7b4239d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3f2fe6 elementor-widget elementor-widget-image\" data-id=\"c3f2fe6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"80\" src=\"https:\/\/www.twpl.com\/wp-content\/uploads\/2021\/06\/Wessex-Water-200x80-1.jpg\" class=\"attachment-medium size-medium wp-image-675\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c352def elementor-widget elementor-widget-testimonial\" data-id=\"c352def\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\">\u201cWe have worked with The Woodhouse Partnership for a number of years calling them in to help with the strategic management of our assets and the optimisation of asset life cycle interventions for higher availability and extended life. Their application of the SALVO process and Decision Support Tools, along with a hands-on approach, make them stand out and deliver results which are transparent and fully understood by the business. Whenever we have worked together, we have found The Woodhouse Partnership engaging and insightful\u201d<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-testimonial-meta\">\n\t\t\t\t<div class=\"elementor-testimonial-meta-inner\">\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-name\">Jon Wright<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-job\">Wessex Water<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b26c85f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b26c85f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-e534c08\" data-id=\"e534c08\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eda0197 elementor-widget elementor-widget-global elementor-global-3486 elementor-global-974 elementor-widget-heading\" data-id=\"eda0197\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Precisa de ajuda ou conselho? Entre em contato com nossa equipe premiada <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1632223\" data-id=\"1632223\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a00abe elementor-mobile-align-right elementor-widget elementor-widget-global elementor-global-3491 elementor-global-973 elementor-widget-button\" data-id=\"0a00abe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.twpl.com\/pt-br\/entre-em-contato-conosco\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Entre em contato conosco<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Frequently Asked Questions What is Asset Management? The formal definition of Asset Management in the ISO 55000 standard is\u00a0 \u201c&#8230;&#8230; the coordinated activity of an organization to realize value from [&hellip;]<\/p>\n","protected":false},"author":4184,"featured_media":0,"parent":307,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":"","_tec_slr_enabled":"","_tec_slr_layout":""},"class_list":["post-4357","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Frequently Asked Questions - TWPL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.twpl.com\/es\/resources\/frequently-asked-questions-2\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frequently Asked Questions\" \/>\n<meta property=\"og:description\" content=\"Frequently Asked Questions What is Asset Management? 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