Asset management is a process which involves variables such as costs, risks, opportunities and performance benefits, where the balance between these same variables can be taken into account over different stages of an organization’s life.
The ISO 55001 “Asset Management – Management Systems – Requirements” standard defines a set of requirements that, when implemented and maintained, ensure the good performance of an organization’s asset management, meeting the needs and expectations of stakeholders or interested parties and guaranteeing the creation and maintenance of value.
AThe ISO 55000 family of standards is made up of:
- ISO 55000 “Asset management. Overview, principles and terminology”;
- ISO 55001 “Asset management. Management systems. Requirements”;
- ISO 55002 “Asset management. Management systems. Guidelines for the application of ISO 55001”.
It is a standard which can apply to any type of organization, regardless of its size and the assets that it manages. It has been internationally developed to be applied to tangible assets such as: property, equipment and infrastructure, planes, boats, vehicles, resources, gardens and parks; and it can also be applied to intangible assets.