Asset management — Vocabulary, overview and principles
This International Standard provides an overview of asset management and asset management systems (i.e. management systems for the management of assets). It also provides the context for ISO 55001 and ISO 55002.
ISO 55000 is the foundational part of the ISO 55000 series, focusing on asset management. This standard provides an overview, terminology, and principles necessary to develop a proactive asset management system. It establishes the framework for organizations to effectively manage their assets over their life cycles, enhancing the value realized from assets which is crucial for achieving organizational objectives.
Key changes and additions for the 2024 edition
- The Principles of asset management have evolved
- Outcomes of asset management are introduced
- Benefits of asset management have been rephrased and extended
- Integration of management systems is introduced
- The concept of Maturity of an asset management organization is introduced
- Definitions have been adapted
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See ISO 55000:2024.