WG7 convener Tiffany Batac is interviewed by the UN's Infrastructure Asset Management team.
News and updates
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TC251 met in Oslo, Norway on May 12-16, 2025 for its 15th plenary session.
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ISO launches new international standard – ISO 55011:2024 – to support improved public policy and asset management outcomes
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The second edition of ISO/TS 55010 has been released.
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Updated versions of ISO 55000 and 55001, and brand new standards ISO 55012 and 55013, are launched.
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ISO/TC251 met in Rio de Janeiro for its 14th plenary in January 2024.
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ISO/TC251 held its 13th plenary meeting in Philadelphia on 8-12 May 2023.
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ISO's recently published International Workshop Agreement on Net Zero Guidelines is available for free download
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ISO/TC 251 had held its 12th meeting in November 2022 by webinar, due to the COVID 19 pandemic
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Workgroup 5 has just published two new guidance articles
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TC251 held its 11th plenary meeting by webinar on 19 May 2022
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ISO/TC 251 held its 10th meeting on Novemver 3rd by webinar, due to the COVID 19 pandemic. The meeting was well attended by 72 delegates from 24 national standards bodies and 3 committees in liaison.
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Held by webinar on 19 May 2021, this was the first formal meeting of the TC since November 2019. Regrettably, due to the COVID 19 pandemic, a meeting planned for June 2020 was cancelled. Instead a reporting webinar was held in October 2020 to update members on progress with the TC’s activities. The May 2021 meeting marked the formal launch of the revisions of ISO 55000 and ISO 55001.
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The UK’s National Cyber Security Centre has published version 3.0 of its Cyber Assessment Framework.
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ISO/TC 251 had held its 8th meeting from 11 to 15 November 2019 at the Universidad de las Américas in Quito, Ecuador - its first meeting in Latin America.
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A new Technical Specification to support implementation of good asset management has been published by ISO/TC251.
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ISO/TC 251 has held its 7th meeting in May 2019 in Nanjing, P.R. China. Ballots for ISO/DTS TS 55010 Guidance on alignment of financial and non-financial functions in asset management and ISO/CD 55011.2 Asset management – Guidance for public policy makers had been conducted prior to the meeting and received approval, together with comments and suggested improvements. ISO/DTS 55010 is planned for publication in Q3/2019 and ISO/CD 55011.2 will be released to DIS by November 2019.
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What is an Asset Management System and how does it contribute to good asset management?
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The new ISO 55002:2018 offers better guidance to implement the ISO 55001 asset management system.
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The United States General Accountability Office recommends the Office of Management and Budget take steps to improve information on asset management to reflect leading practices.
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ISO/TC 251 has held its 6th meeting in October 2018 in Amersfoort, the Netherlands. A ballot on a Final Draft International Standard (FDIS) for the revision of ISO 55002 Asset management -- Management systems -- Guidelines for the application of ISO 55001, had been conducted and received 100% approval, with 3 abstentions. In addition, Committee Drafts of ISO/CD TS 55010.2 Guidance on alignment of asset management, finance and accounting and ISO/CD 55011 Asset management – Guidance for developing and adopting public policy for asset management were circulated for review (but not for ballot) and received a number of comments suggesting improvements.
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Have you ever felt like your engineering teams, financial teams and operational teams are speaking a different language?
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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.
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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.
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This document addresses a simple question: Do you mean Asset Management or Managing Assets?
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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.
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Improving Alignment between Technical and Financial Management within Organizations
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ISO/TC 251 held its second meeting in June 2016, where it’s Chairman’s Advisory Group and four working groups had held their first face-to-face meetings. The 3rd meeting enabled each of them to progress their activities.
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So what is this suite of standards all about? The key issue to bear in mind from the start is that organizations have been managing assets for a long time. In most organizations, there are enthusiastic and competent groups of engineers seeking to improve their assets and contribute to their business. However, for most of them, they are bombarded by initiatives for safety, the environment, cost reduction and a myriad of other important ideas. The trick to a successful organization is in bringing all of these well-intended initiatives together with excellent reliability engineering to deliver organizational value. And there lies the challenge for most organizations.
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The primary purpose of the 1st meeting of the TC was to receive feedback from its members on the adoption and use of the standards since their publication, and to plan the programme of work for the TC into the near future.
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The primary purpose of the 5th meeting was to revise the drafts and to improve the texts to a point where they would be ready for ballot as Final Draft International Standards (FDISs).
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The primary purpose of the 4th meeting was to revise the drafts and to improve the texts to a point where they would be ready for ballot as Draft International Standards (DISs).
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The primary purpose of the 3rd meeting was to revise the drafts and to improve the texts to a point where they would be ready for ballot as 2nd Committee Drafts.
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The primary purpose of the meeting was to revise the drafts and to improve the texts to a point where they would be ready for circulation as formal Committee Drafts.
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The primary purpose of the meeting was to review the comments and to create second Working Drafts of each document, for a further round of review.
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The meeting had been called to resolve scoping issues relating to a new work item proposal (NWIP) from the UK, on the topic of Asset Management.