Have you ever felt like your engineering teams, financial teams and operational teams are speaking a different language? 

ISO/TC 251 has held its 5th meeting in February 2018 in Paris, France. Following the March 2017 meeting a ballot on a Draft International Standard (DIS) for the revision of ISO 55002 Asset management -- Management systems -- Guidelines for the application of ISO 55001, had been conducted and received a good majority for approval. In addition, a Committee Draft of ISO/TS 55010 Guidance on alignment of asset management, finance and accounting was circulated for review  and received a number of comments suggesting improvements.

Smart cities are more than just a buzzword. With expanding urban areas expected to host up to 70 % of the total world population by 2050, they are a necessity. “Standards make cities smarter” is the theme of World Standards Day 2017, celebrated on 14 October by the International Electrotechnical Commission (IEC), the International Organization for Standardization (ISO) and the International Telecommunication Union (ITU), three leading developers of International Standards. 

This document addresses a simple question: Do you mean Asset Management or Managing Assets?

ISO/TC 251 has held its fourth meeting in March 2017 in Brisbane, Australia. Following the October 2016 meeting two new work item proposals had been launched, along with a ballot on a Committee Draft for the revision of ISO 55002 Asset management -- Management systems -- Guidelines for the application of ISO 55001. The new work item proposals concerned the development of ISO/TS 55010 Guidance on alignment of asset management, finance and accounting and ISO 55011 Guidance on the development of government asset management policy.