ISO 55000 : Introduction

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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

ISO 55000:2014

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
  • Leadership
  • Planning
  • Support
  • Operation
  • Performance evaluation
  • Improvement

It finishes with extensive definitions relating to both management systems in general and asset management systems specifically.

ISO 55001:2014

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.

ISO 55002:2014

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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