Realize the highest value from your assets
ISO 55001 sets the standard for the management aspects of asset management, spanning the full lifecycle of your assets. The Copperleaf® Decision Analytics Solution provides the analytics and decision-making framework for your organization to build and maintain optimal asset investment plans.
The Copperleaf solution takes into consideration value creation, risk tolerances, financial and resource constraints, and performance obligations. Your organization will gain the confidence it’s achieving the highest return on investment for your assets in full alignment with ISO 5500x standards.
The 4 core concepts of asset management in ISO 55000
- Value: you invest in assets because of the value they contribute to your organization
- Alignment: each spending decision needs to support your organization’s strategic objectives and deliver the highest value under financial, timing, and resource constraints
- Leadership: leadership and workplace culture are key factors that determine how your organization realizes value
- Assurance: decision making needs to be a rigorous, transparent, and defensible process
How does AIP support ISO 55000?
Asset Investment Planning (AIP) is a best practice in asset management that embodies the key principles of ISO 55000—empowering businesses to make the highest-value intervention decisions. These best practices are the foundation of Copperleaf’s AIP methodology and our Decision Analytics software suite.
Here’s how our solutions can help you implement and conform to the four fundamentals of ISO 55000:
Value
The Copperleaf Value Framework allows organizations to accurately express how value is defined and used to compare different intervention options. It provides a comprehensive risk framework to define and quantify multiple asset and project risk types.
Alignment
In Copperleaf Portfolio™, every candidate investment is valued based on its alignment with your strategic objectives, allowing you to create project and program portfolios that deliver the highest value under multiple financial, timing, resource, risk tolerance, and equipment constraints.
Leadership
When value is expressed in common economic terms through a Value Framework, everyone can understand the rationale behind each decision and see how their projects contribute to high-level goals—creating a culture of transparency, accountability, and trust.
Assurance
Copperleaf Portfolio includes fully auditable workflows, decision-making logic, and approval cycles to ensure decisions are rigorous, transparent, and defensible. Copperleaf Asset™ helps you analyze your entire asset base, identifying today's risks and modeling how risk changes over time—enabling you to develop robust long-term capital plans.
AIPM: A Best Practice of ISO 55000
This white paper addresses the following:
- What is ISO 55000 and which areas of the organization are impacted?
- What is Asset Investment Planning and Management (AIPM) and why is it a best practice of ISO 55001?
- How do Copperleaf’s solutions support ISO 55001 requirements?
Asset Management and ISO 55000
Asset management is strategically important for asset-intensive companies around the world—and there’s growing tangible evidence that good asset management provides a significant return on investment.
Copperleaf has been at the forefront of asset management best practices for more than 20 years. We’ve seen firsthand how a robust asset management system with a clearly defined value framework aligned with corporate objectives—paired with rigorous and transparent investment planning processes—enables businesses to make optimal investment decisions with agility and efficiency.
Adopted by Industry Leaders
Multi-sector asset investment planning at RNG
Rheinische NETZGesellschaft mbH (RNG) manages over 30,000 km of distribution networks for electricity, gas, water, and district heating in Germany. The Copperleaf Decision Analytics Solution is helping RNG manage risks and project portfolios across multiple networks and asset owners, and align its AIP processes with the ISO 55000 standard.
Making the highest-value asset investment decisions at Network Rail
Network Rail selected the Copperleaf solution to help manage Britain’s railway infrastructure, which includes 20,000 miles of track, 30,000 bridges, tunnels and viaducts, and thousands of signals, level crossings and stations. Copperleaf provides an enterprise-wide platform for strategic asset modeling and investment planning, enabling Network Rail to forecast work volumes, outputs, and expenditure across its entire asset base.
With Copperleaf, we’ve aligned our procedures with best practices outlined in the ISO 55000 asset management standard. We now have a transparent picture of all of our major asset classes, and can compare different investment scenarios for both short- and long-term planning to help us make the best use of our resources.
Part of asset management in general is about breaking own silos between traditional departments and saying [this is] part of a longer process of thinking about what we do with assets.
A consolidated asset modeling solution supports Network Rail’s ISO 55001 aligned approach to asset management. It provides a consistent basis on which to link strategic choices to other parts of the decision-making process.
With the Copperleaf solution, we will be able to consider how our assets will perform throughout the next regulatory period, enabling the regulatory submission to be built based on both analysis of our assets and a top-down view of how the plan will be delivered.
We now have much better visibility into the sustainment needs of our asset base over the long term, and can clearly demonstrate that our investment plans are aligned with our company priorities.
We wanted a solution that would help us quickly optimize our plans at an asset and portfolio level, ensuring that we are making the best decisions at the optimal time. With the Copperleaf solution, we will be able to focus on addressing specific performance commitments and outcome delivery incentives set by Ofwat.
Explore our resources
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Feature Article: Ask the Expert—Improving Utility Asset Management Practices Through Adoption of ISO 55000
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The How, What and Where of ISO 55000: Integrating ESG Factors into Decision Making
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