ISO 10014 Guidelines

The new standard ISO 10014 – Guidelines for achieving economical end financial profits w series of ISO standards assists stakeholders in recycling ships, issued on November 2007, provides guidelines for achieving economical and financial profits resulting from the application of ISO 9000 principles for quality management.

It is designed for organizations high management and merges ISO 9004 for performances improvement.

It gives examples of achievable profits and identifies the available management methods and instruments for expedite its fulfilment and includes guidelines and recommendations and it is not intended for contractual, regulatory or certification purpose.

The application of appropriate methods and instruments encourages the proliferation of a coherent and systematic approach aimed to economical and financial targets.

The economical benefits are generally achieved by an effective management of the resources and by the implementation of adequate processes to improve the global value and organization welfare. The financial profit is the result of organization improvement translated in monetary value, and it is achieved trough management practices based on effectiveness in terms of costs within the organization.

The success of management principles integration enable the top management to evaluate qualifications, to plan activities, to allocate appropriate resources, to implement continuous improvement actions and to evaluate results for determine the effectiveness. Economical and financial profits, that should be achieved by applying management principles include:

  • profitability improvement;
  • income improvement;
  • costs reduction;
  • budget performances improvement;
  • cash flow improvement;
  • competitiveness optimization;
  • optimization of employees liability;
  • optimization in using the resources available;
  • reduction of “time to market”;
  • improving the supply chain performances.

ECM Europe gives assistance to Ship Owners and Operators Top Managers with the aim of facilitating them in the application of management principles resulting from ISO 9000:2005 and for selecting methods and instruments to achieve Ship management success. For further information please contact Bruno Di Lascio at info@ecmeurope.net

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