ISO 55000 - The New International Standards for Asset Management

January 2014

The International Organisation for Standardisation (ISO) has published new international standards for asset management - the ISO 55000 series - which can be applied to all types of assets and organisations. An asset is an item or entity, tangible or intangible, that has potential or actual value for an organisation. ISO 55000 provides an overview of asset management, its principles and terminology, and the benefits of applying asset management; ISO 55001 sets out the requirements for an asset management system within the context of the organisation; and ISO 55002 gives guidelines for the application of an asset management system in accordance with ISO 55001.

ISO 55000 helps organisations to identify their assets, assess risks associated with them and formulate long term plans and strategies for maintaining and increasing the value of those assets. Visit http://www.iso.org/iso/home.html and http://www.bsigroup.com/ for further information and to purchase the new standards.