Major Asset Management Milestones

Better Asset Management Leads to Better Outcomes

Last week marked the release of a raft of updated and new ISO 55000 - Asset Management standards. They include:

• ISO 55000: Asset Management - Vocabulary, Overview, and Principles

• ISO 55001: Asset Management - Asset Management System - Requirements

• ISO 55012: Asset Management - Guidance on People Involvement and Competence

• ISO 55013: Asset Management - Guidance on the Management of Data Assets

More details can be found at the ISO Technical Committee (TC) 251 home page.

These standards incorporate many things learned in the decade since ISO 55000 and ISO 55001 were first released. The most significant contributions is the maturing of how organizations should approach asset management in ISO 55000 and the requirements for an Asset Management (AM) Framework in ISO 55001 to guide implementation. Subsequent AMP Newsletters will detail these and more developments.

This is also a milestone for the AMP Newsletter being in publication for 18 months. As a recognition of appreciation to its readers …