What Does the ISO 55000 Standard Contain?
The International Organisation for Standardisation (ISO) released its first series of standards on asset management in January 2014. This was a landmark event in the history of asset management.
There is not one new standard for asset management. What is commonly referred to as “ISO 55000” is really a suite of three documents.
These three documents are:
- ISO 55000:2014
- Asset management – Overview, principles and terminology
- ISO 55001:2014
- Asset management – Management systems – Requirements
- ISO 55002:2014
- Asset management – Management systems – Guidelines for the application of ISO 55001
This standard provides an overview of the principles, concepts and terminology relating to asset management. It provides an outline of the business case, as well as a brief description of how each element of an ISO 55000 management system interacts (as opposed to the prescriptive statements in ISO 55001:2014).
These elements are:
- Organisational context
- Performance evaluation
It finishes with extensive definitions relating to both management systems in general and asset management systems specifically.
This standard is the document against which auditing is undertaken. It specifies the requirements for establishing, implementing, maintaining and improving a “management system for asset management” that complies with ISO requirements. There are no diagrams and, depending on how you divide up sub-clauses, you can count up to 177 “shall” statements that must be met to achieve certification.
This standard provides guidance and explanatory notes on the requirements in ISO 55001:2014 – that is, it is intended to support implementation. It follows the same 7 element structure as the other two standards, but with more elaborate “should” statements in place of the “shalls” in ISO 55001:2014. Of note, it contains a diagram showing one possible model for an asset management system, annotated with clause numbers from ISO 55001:2014.
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