ISO 55000 - Asset Management Standards Series

AM Foundational Thinking

This installment in the Foundational Thinking miniseries introduces the ISO 55000 asset management standards series. In this miniseries chronology we have finally arrived at this foundational asset management cornerstone. The ISO 55000 standards series did not just appear. They were developed as a collaborative, world-wide response for organizations to better manage assets and improve performance.

This newsletter will not detail the contents of ISO 55000 standards. It will just introduce the standards and provide context and insights on how to understand and apply them. To start, the ISO 55000 series currently includes four published standards and has three new standards in draft.  All but ISO 55002 are being worked on at this time summing to a total of six standards that will be released in 2024.  This ISO 55000 asset management standards series includes:

• ISO 55000, Asset Management – Overview, Principles, and Terminology: This standard describes asset management as a coordinated activ…