Getting aligned to ISO 55000 is proven to create value. A gap analysis is your first step to realizing it. An ISO 55000 Gap Analysis from SwainSmith will measure your asset management against ISO 55000, find opportunities for creating value, and give you a clear path to improvement.

What is an ISO 55000 Gap Analysis?

ISO 55000 is the international standard for good practice in asset management. It describes how an organization can build an effective “management system” to care for its physical assets. (For a deeper look at what ISO 55000 is and requires, check out our ISO 55000: Basics and Benefits webinar.)

An ISO 55000 Gap Analysis identifies gaps between what your asset management looks like now and what ISO 55000 requires. It tells you what areas need to be addressed in order to achieve alignment. It also gives you a step-by-step plan for closing gaps, identifies the value that will be created, and establishes a timeline so you know when you can expect to realize that value.

Why do a gap analysis?

Aligning to ISO 55000 can help any organization, large or small, get more value from its physical assets. A gap analysis paves the way by showing where you are now versus where you want to be. It tells you what ISO 55000 alignment would mean for your organization in terms of both the work required to get there and the value it would create.

An ISO 55000 Gap Analysis:

  • Provides a roadmap to better asset management.
  • Helps you plan and prioritize your improvement efforts.
  • Estimates the scope of the work required.
  • Identifies the potential return on investment.
  • Establishes a benchmark for measuring progress.

With our ISO 55000 Gap Analysis, you will get:

1

A thorough evaluation of your current practices

We will measure your asset management operation against ISO 55000 requirements, identify gaps, and assign scores based on the seven key areas listed in ISO 55000 (Organizational Context, Leadership, Planning, Support, Operation, Performance Evaluation, and Improvement).

2

A step-by-step plan for improvement

Once the initial assessment is complete and we have identified any gaps, we will use the findings to create a step-by-step plan for closing those gaps. The improvement plan that we deliver will include a list of recommended tasks, resource requirements, and a projected timeline.

3

A breakdown of the expected return on investment

We will also deliver a detailed estimate of the value you stand to create, including when you can expect to realize that value. Our ROI estimate covers both hard-dollar savings (like reduced MRO material costs and maintenance OT hours) and soft-dollar benefits (like safety, compliance, and stakeholder satisfaction).

Gap Analysis

Sample ISO 55000 Gap Analysis results

9 Reasons EAM Implementations Fail
(And How To Fix Them)

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Master data and coding structures are critical to EAM software performance.

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Documented practices are critical to standardizing physical asset management and achieving success.

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If you’re not measuring success, you’re guessing. Find out how to use performance measures…

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If you don’t audit your EAM/CMMS implementation, it’s hard to ensure ROI….

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Four reasons to choose a SwainSmith gap analysis:

1

We’ve been helping organizations create value with an ISO 55000 approach to asset management for 20 years.

2

3

Our auditors conducted certification assessments for PAS 55, the predecessor to ISO 55000, and were on the team that helped to develop ISO 55000.

4

We have implemented ISO 55000 compliant asset management systems for some of the world’s largest organizations in both public and private sectors.

The ISO 55000 approach is creating big value for our clients.

Increase uptime and lowering costs at Chiquita

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Realizing hard and soft savings at Delek US

Delek

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Improving service delivery at Des Moines Water Works

Water

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Take the first step toward ISO 55000 asset management.

Real improvement takes three things. You have to know where you stand, where you’re going, and how to get there. With an ISO 55000 Gap Analysis from SwainSmith, you’ll get the knowledge you need to move forward with confidence on your improvement initiatives.

Contact us about a gap analysis today.

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