HKSQ Quality Month Seminar on ISO 50001 and ISO 55001

 This month is Quality Month and Quality Week, HKSQ organized seminar named “Quality Month Seminar on ISO 50001 and ISO 55001” on 10^th Nov 2023. Our oversea representative Prof. KF Pun visited Hong Kong this year and joined this seminar. We took a photo for memory.

In the beginning, Dr. Jane Wong (Chairman, HKSQ) introduced the guest speaker Dr. Aaron Tong (Former Chairman, HKSQ) and briefed today’s topics.

Then Dr. Aaron Tong introduced ISO 50001 Energy Management System which aligned with ESG principles by promoting energy efficiency.

ISO 50001 also employed PDCA model as ISO 9001.

Then he mentioned the process of energy planning including energy baseline and performance indicators, etc. 

And then he shared case that Water Supplies Department has first entire government department to achieve ISO 50001.

The second case was Airport Authority Hong Kong (AAHK) and shared how they saved energy in different initiatives. Dr. Tong also mentioned Hong Kong’s Climate Action Plan 2050.

After that Dr. Aaron Tong discussed the second topic about ISO 55001 Asset management. He said many people confused when talking about asset management. Most of people thought about financial investment. Based on ISO 55000:2014, Asset defines “Item, thing or entity that has potential or actual value to an organization”. That value could be financial or non-financial. In Hong Kong, many organizations considered as facilities.

And then Dr. Tong briefed asset management that seek the optimal combination of performance, risks and opportunities and costs. 

The overall asset management system was stated from managing the organization asset to asset portfolio. Asset Portfolio defined as “Assets that are within the scope of the Asset Management System” that is typically established and assigned for managerial control purposes. 

The interrelated and interacting key elements of the standard were briefed.

One of key concepts is asset life that “Period from asset creation to asset end-of-life.”

Finally, Dr. Tong shared another case study from Water Supplies Department. It is the largest AMS certified to ISO 55001 in Hong Kong and published in HKIE.

During Q&A, I asked two questions and shared my article in ASQ Energy & Environment Division Newsletter. One is related to equipment / facilities assets that most of company considered in financial point of view that 3 or 5 years for depreciation. Another question is how to seek better baseline for performance indicators setting. Dr. Tong answered both financial or functional point of view for asset life were considered. And it had better select the steady and representative data for baseline.

Reference:

HKSQ - https://hksq.org/

WSD established Hong Kong's largest asset management system certified to ISO 55001 - http://www.hkengineer.org.hk/issue/vol50-jun2022/feature_story/?id=16908

Introduction of ISO 50001 Framework and Case Study in Hong Kong - https://www.researchgate.net/publication/366442039_Introduction_of_ISO_50001_Framework_and_Case_Study_in_Hong_Kong