A “Policy”, is the “intentions and direction of an organisation as formally expressed by its top management” (ISO 55000:2014 Section 3.1.18). Second, it is a requirement of ISO 55001:2014 (in Section 5.1) that Top Management demonstrates leadership and commitment by, amongst other things, ensuring that the Asset Management policy is established and is compatible with the organisation’s overall business objectives. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> <> Solution Sets 7. 2020 Operations Compliance Triage Conference, 2020 Lending Compliance Triage Conference. Storyboards 29. addyb325639b5207f3ad58ab0f0af1fefced = addyb325639b5207f3ad58ab0f0af1fefced + 'assetivity' + '.' + 'com' + '.' + 'au'; stream As mentioned earlier, Top Management needs to demonstrate their commitment to the effective management of assets within their organisation, and one of the key ways that they do this is through the Asset Management Policy. endobj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> You need JavaScript enabled to view it. document.getElementById('cloakb325639b5207f3ad58ab0f0af1fefced').innerHTML = ''; Templates & Policies 28. A “Capital Asset” is defined as a unit of property that: (1) has an economic useful life that extends beyond 12 months; and (2) was acquired or produced for a cost of $____ or more. There are a number of Asset Management Policies available on the internet. It’s critically important to maintain up to date inventory and asset controls to ensure computers and devices are well known. So, be prepared to post it visibly around your organisation – on meeting room walls, notice boards, on your intranet, in reception areas. Alternatively, you could attend one of our face-to-face public courses on this topic. Contribute an original tool you have created. Capital Assets must be capitalized and depreciated for financial statement (or bookkeeping) purposes. Creating an asset management policy eliminates any ambiguity or gaps in asset knowledge. endobj <> Typically these are one page documents that are posted conspicuously around your organisation – in the main reception area if nowhere else! Also make sure that its existence and its meaning are communicated to all personnel. IT Asset Management Policy Template Executive Summary <<< Describe the executive summary>>> Vision and Mission <<< Describe the Vision and Mission of ITAM>> Business Context and Drivers <<< Describe specific Business Drivers of the ITAM. endobj “Top management” is, in turn, defined as being “person or group of people who directs and controls an organisation at the highest level”. Available in A4 & US Letter Sizes. a requirement for the policy to be reviewed on a regular basis and updated if required. endobj Quickly Customize. Capital Asset definition. In addition, Section 5.2 of ISO 55001:2014 requires that the policy is aligned with and consistent with other organisational policies and plans (including the Strategic Asset Management Plan). var addyb325639b5207f3ad58ab0f0af1fefced = 'assetivity' + '@'; Once you have developed your Asset Management Policy, it is absolutely vital that it is communicated to the rest of the organisation, and that it forms the basis on which Asset Management decision making is founded. Exception Tracking Spreadsheet (TicklerTrax™) Before starting, it is important to note two key definitions which are contained in ISO 55000:2014. From bankers. endobj BankersOnline.com - For bankers. By way of a reminder, as far as ISO 55000 is concerned, the Asset Management System is the management system for managing the organisation’s assets. x�Ŝ�O9�ߑ�?�cR g����J|�w��S��z�) �$=��7�H�;�2k�x &����|�m�w�����x�n|�XL.�O�����/��ǟ�����l�����g_��_��oӻ�������^�J��(���w�Dq7��� ��{㏼����8��q�+^[X���woA�3[\�C{�uxU=��e�w1<9���HOG_���{��? 1 0 obj Provided by bank technology vendor, AccuSystems. Consider your Asset Management Policy as being similar in nature to your organisation’s Safety Policy or Environmental Policy. What does a good Asset Management Strategy look like? Please help us keep BankersOnline FREE to all banking professionals. This does not make them non-compliant with the requirements of ISO 55001, but it does make them more difficult to communicate to a wider audience within the organisation. Visualize your exception data in interactive charts and graphs. Template Asset/Liability Management policy. 4 0 obj This sends a consistent message regarding the importance of all of these policies – so strive to ensure that the length and level of detail contained in your Asset Management Policy is consistent with these other policies. 9 0 obj <> <> These include: Note that the first two of these are longer and more detailed than we would recommend. Receive useful Maintenance & Asset Management articles, tools and news. All Banker Tools Sponsored by: AccuSystems. This is the third in a series of 13 articles on Implementing ISO 55000. %���� Storyboards 29. For this workshop to be effective, the Top Management team must have a fundamental understanding of the key principles and scope of Asset Management. x���MK�@����9I+��ٝ���M���6� R{���p�I%�I]rZ2�3�.�V0�i��L`��0��h4C�[!p�!H�7�ô�j�楁�wq��O�9���i �g�n�(w8�)@K[Z��3^�g $A��A�Y�7L��ꯄ�bB�@��� }QH*��y��1��,�n��:a �4 ������EZ�%\�fI�Ť ����4�����JʓD_0R=�V�d����OS������0s�0ѥ��dZ�0�)S���̅nG%���8@�~� ��P\�L�˹ You need JavaScript enabled to view it. ���� JFIF ` ` �� \Exif MM * >Q Q Q Photoshop ICC profile ��XICC_PROFILE HLino mntrRGB XYZ � 1 acspMSFT IEC sRGB �� �-HP cprt P 3desc � lwtpt � bkpt rXYZ gXYZ , bXYZ @ dmnd T pdmdd � �vued L �view � $lumi � meas $tech 0 rTRC. Support our advertisers and sponsors by clicking through to learn more about their products and services. This comprehensive policy template covers: Use this policy template to create a process for managing assets. <> endstream 8 First, ISO 55001:2014 states (in Section 4.3) that the scope of the organisation’s Asset Management system should be aligned with the Asset Management Policy. These are: At least as important as what the Asset Management Policy contains is how it is developed. <> Amongst these are that it should: In addition, there are a number of other requirements concerning things such as: While the requirements of ISO 55001:2014 are mandatory (at least for those seeking alignment or certification against this standard), ISO 55000:2014 (the Overview, Principles and Terminology document) and ISO 55002:2014 (the Application Guidelines document) contain a number of other items which provide guidance when developing your Asset Management Policy.

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