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Summary of IOT Publications

Title Preliminary Study of Railway Asset Management Related International Standards and Important Asset Performance Indicators
Dept Transportation Operations and Management Division
Year 2023
Month 7
Price 0
Summary

      The railway system is distinguished by capital intensity and extensive facilities. To reduce life cycle
costs and improve system dependability, operation and maintenance should be planned based on longterm and sustainable strategic objectives. Railway operators are currently confronted with changes to the general environment, such as intelligentization, net zero emissions, climate change, etc., as well as domestic railway security policy enhancements. This is further evidence of the significance of systematic asset management.
      Railway asset management has been refined over the years on a global scale. Previously, rail
companies relied on PAS-55, a freely available technical specification published in 2004 by the British
Asset Management Association (BAMA) and the British Standards Institute (BSI). Using the
aforementioned PAS-55 as a basis, the BSI published the ISOS 55001 international standard in 2014,
which received widespread industry acceptance. To encourage railway infrastructure organizations to use a consistent method, improve asset management capabilities, and adhere to ISO 55001 specifications. In 2016, the International Union of Railways (UIC) proposed the “Practical Implementation of Asset Management through ISO 55001” guidance manual to provide specific references for infrastructure organizations looking to import ISO 55001.
       The ISO 55001 and aforementioned UIC guide contents were discussed in this study. In addition, the  experiences of foreign railway asset management asset case studies were reviewed. They include the United Kingdom’s Network Rail, the London Underground, and the case of the Department of Transport in New South Wales, Australia. Furthermore, in order to comprehend railway asset management performance and assess asset management maturity, a preliminary discussion of international asset management performance evaluation indicators (such as PRIME and EN15341, among others) as well as management maturity model case studies was conducted. The conclusions were then reached, and pertinent recommendations for promoting railway asset management at this stage were proposed

Post date 2023-07-21
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