55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case

55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case

Pablo Zahera, Vicente Gonzalez-Prida
ISBN13: 9781799832461|ISBN10: 1799832465|EISBN13: 9781799832485
DOI: 10.4018/978-1-7998-3246-1.ch011
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MLA

Zahera, Pablo, and Vicente Gonzalez-Prida. "55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case." Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts, edited by Vicente González-Prida and María Carmen Carnero, IGI Global, 2021, pp. 277-298. https://doi.org/10.4018/978-1-7998-3246-1.ch011

APA

Zahera, P. & Gonzalez-Prida, V. (2021). 55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case. In V. González-Prida & M. Carnero (Eds.), Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts (pp. 277-298). IGI Global. https://doi.org/10.4018/978-1-7998-3246-1.ch011

Chicago

Zahera, Pablo, and Vicente Gonzalez-Prida. "55000 Implementation Proposal Integrated With a Risk Management System for a Water Utility Case." In Advanced Models and Tools for Effective Decision Making Under Uncertainty and Risk Contexts, edited by Vicente González-Prida and María Carmen Carnero, 277-298. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-3246-1.ch011

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Abstract

The main objective of this chapter is to suggest a methodology for the application of ISO 55000 for a water utility in order to obtain all the benefits of asset management from the starting point of application. In addition, risk is an important part of this methodology, so it also complies with the clauses of ISO 31000. The methodology consists of six steps to be carried out: plan (1), implement (2), risk management (3), monitor (4), analyze (5) and make decisions and improvements (6). The application of this methodology is an iterative process in which the information obtained is going to be used in the previous and subsequent steps so that its benefits are greater as time goes by. At each point in the guide, the actions to be taken in compliance with the clauses and sub-clauses of ISO 55001 will be proposed along with some documents so that companies have a clearer idea of how to proceed.

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