In a national first DMRC achieves ISO 550012024 certification for asset management on Mumbai line

New Delhi Aug 23 The Delhi Metro Rail Corporation DMRC 2024 certification for its Asset Management System for Mumbai Metro Line3 becoming the first metro organisation in India to receive certification under the international standard for asset management an official said on Sunday The achievement marks a significant milestone in DMRCs journey from conventional maintenance practices towards strategic riskbased and lifecycleoriented asset management Anuj Dayal DMRCs Principal Executive Director of Corporate Communications saidIt reflects a shift from simply maintaining assets to managing their performance risk cost and longterm value in alignment with organisational objectivesISO 550012024 provides a globally recognised framework for managing assets across their entire lifecycleIts implementation enables organisations to take more informed decisions by balancing asset performance operational risk and lifecycle costs thereby enhancing reliability resource efficiency and longterm sustainability Dayal addedThe DMRC achieved this certification in record time through a comprehensive strengthening of its asset management framework This included enhancing the Strategic Asset Management Plan SAMP aligning asset management objectives with organisational priorities strengthening risk assessment and lifecycle controls and undertaking extensive training and capacity building of personnelThe system is continuously monitored through Key Performance Indicators KPIs audits and management reviewsThe DMRC is responsible for the Operations and Maintenance OampM of the 335km Mumbai Metro Line3 corridor connecting Colaba Bandra and Santacruz Electronics Export Processing Zone SEEPZIts responsibilities encompass the safe reliable and efficient management of a wide range of critical assets including rolling stock traction signalling telecommunications stations lifts escalators track and civil infrastructure the statement saidThe ISO 550012024 certification further strengthens DMRCs commitment to safety reliability efficiency and sustainability by integrating these objectives into a globally benchmarked asset management systemThis achievement establishes a new benchmark for structured scientific and lifecyclebased asset management in Indias urban rail sectorIt also demonstrates DMRCs capability to provide worldclass metro OampM and asset management expertise beyond DelhiNCR and contribute to the development of globally aligned practices across Indias rapidly expanding urban rail network the statement added IANS