ISO/TC251 met in Rio de Janeiro for its 14th plenary in January 2024.
Report on the 14th Meeting of ISO/TC 251 Asset Management
Venue: The Hilton Hotel, Copacabana, Brazil
Date: 22 – 26 January 2024
The Chair’s Advisory Group (CAG) held a meeting the day before the TC’s opening plenary and set the scene for the meeting. Its main purpose was to set the Working Group Meetings agenda for the week ahead.
Plenary Meeting Monday 22 January 2024 09.30am BRT
Mr Ashley Barratt, the TC251 Vice Chair and Acting Chair for the meeting, called the meeting to order at 09.30 local Brazil time on the 22 January 2024 and welcomed everyone to the meeting.

This was followed by a short greeting speech from Mr. Cláudio Gerreiro (National Standardization Manager) ABNT, who indicated that The Brazil National Standards Organisation (ABNT) International had been pleased to host TC251 and he hoped the Technical Committee (TC) enjoyed their meeting and stay in Rio. He was pleased that ABNT was able to host the TC’s meeting and hoped that delegates would also be able to take time to enjoy visiting Rio de Janeiro and its surrounding environment and participate in the seminars running alongside the meeting.

Mr. Cláudio Gerreiro (National Standardization Manager) ABNT, Marcela Scalco, Diretora Presidente, ABRAMAN & Mr. João Ricardo Lafraia ABNT AM National Committee Mirror CEE-251 / ABRAMAN Non-Executive Director.
Ashley Barratt thanked ABNT’s - Mr. Cláudio Gerreiro for his warm words of welcome, and for all the preparations that the hosts and sponsors, had made for the meeting.

Mr. João Ricardo Lafraia ABNT AM National Committee Mirror CEE-251 and ABRAMAN Non-Executive Director then welcomed everyone to the meeting and presented the TC251 Chair Elect and Committee Manager with Asset Management Books as a reminder of the meeting. Mr Lafraia also invited participants to take part in the Asset Management seminars that were running at lunchtime and alongside the meeting.
WG3 Communications
Mr Boudewijn Neijens, Convenor of WG3, gave the presentation which referenced several items that have been introduced recently such as the new TC251 LinkedIn page which already has over seven hundred followers.
Mr Neijens also outlined the website coverage and reported where there have been increases in traffic and decreases and asked the group to assist with growing this community for the TC.
Mr Neijens also outlined the work programme for the week and the future which would include updating branding to match the new ISO marketing guidelines. There is quite a lot of work needed to do this and it was suggested this could be done gradually over a period.
There was also discussion about the promotion of the new standards, and this will need to be discussed in relation to communication.
• For the TC’s website (https://committee.iso.org/home/tc251):
• For its work during the following week, the WG intended:
o Reviewing its strategy and main deliverables
o Preparing for the product launches of the standards under revision or in development.
WG4 Product improvement & Revision of ISO 55000
Ms Annemarie Kin, Convenor of WG4, gave a presentation which indicated that:
There was an update on WG4 activities given by a presentation and slides which can be found in the meeting documents.
• Jyrki Paavilainen asked the group to raise any PIP issues so they could be resolved
• The PIP would be delayed and not presented at this meeting
• The Acting Chair asked the TC to show their full support to WG4.
WG5 Finance
Mr Johan Paulsson, Convenor of WG5, gave a presentation which indicated the following:
• Fortnightly meetings since last plenary with active participation by fifteen experts from eight countries up to October
• Monthly meetings from October until DTS ballot closing
• Revision of ISO/TS 55010 progress delayed
• WG5 Work completed in October still waiting for DTS ballot to start
• ISO editorial have confirmed that ISO/DTS 55010 is currently with them for editing. Once they have finished the editing step, the document will be translated (2 weeks) and then the DTS ballot will open
• WG5 have not got an exact target date at this point by ISO, but they expect the ballot will open early to mid-February.
WG6 Revision of ISO 55001
Mr Martin Kerr, Convenor of WG6, gave a presentation, which indicated the work outline for the week:
The presentation included: What does good like?
• G1-Less is more (what is the least we can add to 00/01 to get the most benefit for industry?)
• G2-Consider organizations who are new to 550xx (changes may turn them away from ISO?)
• G3-Consider organizations that are already certified to 550xx (will they stay with the 2014 version?)
• G4-Consider an auditor of 55001 and how they will audit against “shalls” (i.e., remove ambiguity and provide clarity)
• G5-Shall statements are “outcome” worded, not “detailed” worded
• G6-This is a management system standard (MSS) for asset management, not the management of assets
• G7-This is not how to do asset management
• G8-It should also allow a small organization to apply the standard (maintain scalability).
WG7 Development of ISO 55011
Ms Tiffany Batac, Convenor of WG7, was not able to attend this meeting but was available for the closing plenary.
WG8 Development of ISO 55012
Dr Gao Convenor of WG8, gave the presentation which can be found in document TC251/N991, which indicated that:
• The WG had almost completed its FDIS text ahead of the meeting and the document was ready to move to the final stage. The document will be ready to submit at the end of the plenary meeting.
WG9 Development of ISO 55013
Mr Xiaofeng Convenor of WG9, gave a presentation which indicated that:
• Enhanced guidance on integrating data asset management with other business areas
• Strengthened guidance on how to identify, categorize, and manage data assets
• Improved the clarity, understandability, and practicality of the standard's content.
Spanish Translation Task Group (STTG)
Ms Maria-Aurora Agullo, Convenor of the STTG was not present at the meeting but a presentation was submitted to the plenary for reference, and it outlined the following:
• STTG are waiting for progress with the revision and developments of ISO 55000, ISO 55001, ISO/TS 55010, ISO 55011, ISO 55012, and ISO 55013 to start the translations of the documents.
Plenary Meeting Friday 26 January 2024 14:00 BRT Local Time
The Acting Chair reconvened the meeting at 14:00hrs (Brazil time) on 26 January 2024.

WG3 Communications
Mr Neijens presented slides that reported the weekly workings of the group and their decisions during the week:
• Rebranding of TC251 marketing material has started
• Launch plans have been developed and discussed with each WG
• New videos have been added to the website
• Our social media has been discussed and will be ramped up ahead of the standard launches later in 2024.
WG4 Revision of ISO 55000 and Product Improvement
Ms Kin reported that:
• WG4 had completed the review of comments against ISO/CD 55000.2
• It had progressed a text of the revision of ISO 55000 ready to go forward to the Final Draft International Standard (FDIS) stage
• Ms Kin had assisted WG3 with a video as part of the launch plans for the revised ISO 55000.
WG5 Finance and asset management alignment
Mr Johan Paulsson, Convenor of WG5, gave the presentation which outlined his involvement in the Working groups during the week and:
• ISO editorial have confirmed that ISO/DTS 55010 is currently with them for editing
• Once they have finished the editing step, the document will be translated (2 weeks) and then the DTS ballot will open
• WG5 have not got an exact target date at this point by ISO, but they expect the ballot will open early to mid-February.
WG6 Revision of ISO 55001
Ms Lori Gray reported on WG6 activities on behalf of Martin Kerr, who had departed shortly before this meeting:
• WG6 had completed the review of comments against ISO/CD 55001.2
• It had reviewed and resolved its outstanding issues, using its guiding principles
• Its text was ready to go forward to the FDIS stage.
WG7 Development of ISO 55011
Ms Tiffany Batac reported that WG7 had completed:
• WG7 is working towards finalising its draft FDIS, and completed its review of comments received and still had some questions for the committee manager and ISO CS in relation to comments received. The WG expected to complete and submit its FDIS text when the ISO editorial questions are resolved.
WG8 Development of ISO 55012
On behalf of WG8, Dr Gao and Prof. Daniel Gaspar reported that during its meetings it had:
• Completed its FDIS text
• Taken part in other Working group meetings to contribute to them.
WG9 Development of ISO 55013
Mr Xiaofeng reported that: During the week WG9 had:
• Undertaken validations of its FDIS text against the drafts of the other standards
• Completed its FDIS text.
Closure of the meeting
The Chair thanked members for their participation in the meeting. He reiterated his earlier comments about the effectiveness of face-to-face meetings and the opportunities they bring for members to network.

He gave particular thanks to ABNT, ABRAHAM International and their sponsors, for having hosted the meeting, the provision of superb facilities, their excellent support of the meeting, and their wonderful hospitality. The Hosts and the Committee Manager were presented with tokens of appreciation from TC251. The Chair wished members safe travel home and stated that he looked forward to seeing them at the next meeting.
The meeting was formally closed at 16:30hrs (Brazil Time).