ISO 55000 is an
international standard
international standard is a technical standard developed by one or more international standards organization, standards organizations. International standards are available for consideration and use worldwide. The most prominent such organization ...
covering management of assets of any kind. Before it, a
Publicly Available Specification A Publicly Available Specification or PAS is a standardization document that closely resembles a formal standard in structure and format but which has a different development model. The objective of a Publicly Available Specification is to speed up ...
(PAS 55) was published by the
British Standards Institution
The British Standards Institution (BSI) is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to busines ...
in 2004 for physical assets. The ISO 55000 series of Asset Management standards was launched in January 2014.
History
PAS 55 was originally produced in 2004 by a number of organisations under the leadership of the
Institute of Asset Management. It then underwent a substantial revision with 50 participating organisations from 15 industry sectors in 10 countries. PAS 55:2008 (available in both English and Spanish versions) was released in Dec 2008 along with a toolkit for self-assessment against the specification.
The PAS gave guidance and a 28-point requirements checklist of good practices in physical
asset management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...
; typically this was relevant to gas, electricity and water utilities, road, air and rail transport systems, public facilities, process, manufacturing and natural resource industries. It was equally applicable to public and private sector, regulated or non-regulated environments.
The standard was split into two parts:
* Part 1 - Specification for the optimised management of physical infrastructure assets
* Part 2 - Guidelines for the application of PAS 55-1
It was also accompanied by a comprehensive Competencies Framework for asset managers.
The ISO 55000 Series
Established in August 2010, ISO Project Committee 251 held its first plenary meeting in Melbourne, Australia in early 2011; its final meeting was in Calgary in early 2013. After almost four years of development, three international standards (55000/1/2) were launched in London on 5 February 2014:
* ISO 55000:2014 Asset management – Overview, principles and terminology
* ISO 55001:2014 Asset management – Management Systems – Requirements
* ISO 55002:2018 Guidelines for the application of ISO 55001 (see below for 2018 update)
These standards are available in English, French, Spanish, Russian, Chinese, Japanese, Dutch, Swedish, Danish, Portuguese (Brazil) and Portuguese (Portugal), Farsi, Serbian and Finnish. In 2015 the
ISO Technical Committee 251 was created to continue work on Asset Management standards and evolving the three existing standards. In 2016 the formal revision process of ISO 55002 was launched. In 2017 two new projects were launched:
* ISO/TS 55010: Guidance on alignment of asset management, finance and accounting (published in September 2019, see below)
* ISO 55011: Guidance on the development of government asset management policy (targeted for 2021)
ISO 55002:2018
In November 2018 a revised and expanded version ISO 55002:2018 was released. General improvements include expanded detailed guidance for every clause of the 55001 requirements document, and clarification of the contribution of each requirement to the four ’fundamentals’ of asset management: Value, Alignment, Leadership and Assurance.
It also describes how to apply the requirements of ISO 55001 to the key domains of asset management:
* The concept of "value" in asset management
* The scope of the Asset Management System
* The Strategic Asset Management Plan
* Asset management decision-making
* Risk management in the context of asset management
* Finance in asset management
* Scalability of ISO 55001 to organizations of all sizes
ISO/TS 55010:2019
In September 2019 ISO/TS 55010:2019 was released. This Technical Specification is a guideline enabling organizations to better understand why and how alignment between financial and non-financial functions is important in realizing value from assets.
Endorsed Assessors
The Institute of Asset Management developed endorsement schemes for recommending competent assessors and training providers.
Th
World Partners in Asset Managementhave developed a Certified Asset Management Assessor (CAMA) certification scheme based on the Global Forum on Maintenance and Asset Management's Competency Specification for an ISO 55001 Asset Management System Auditor/Assessor.
See also
*
International Standards Organization
The International Organization for Standardization (ISO ) is an international standard development organization composed of representatives from the national standards organizations of member countries. Membership requirements are given in Art ...
*
List of ISO standards
A ''list'' is any set of items in a row. List or lists may also refer to:
People
* List (surname)
Organizations
* List College, an undergraduate division of the Jewish Theological Seminary of America
* SC Germania List, German rugby unio ...
*
ISO TC 251
References
External links
Asset Leadership Network A55K Professional CertificationISO/TC 251 - ISO Asset Management websiteIAM page for introduction to Asset ManagementISO55000.de - German website on Asset Management and ISO55000GFMAM publications on Asset Management
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