BS ISO 55000:2014 PDF Download

What is this standard about?

This is the first part of an international series of standards that grew out of the hugely successful PAS 55. It covers the concepts, principles and terminology relating to this generic definition of good practice in the optimized management of physical assets.  

Who is this standard for? 

• Any organization looking to effectively manage its assets
• Large and small businesses
• Private and public sector
• Senior management
• Asset managers
• Regulatory industries

Why should you use this standard? 

It introduces the critical concepts and terminology needed to develop a long-term plan that incorporates an organization’s mission, values, objectives, business policies and stakeholder requirements. It also seeks to:

• Facilitate the implementation of key principles with clear direction and leadership
• Achieve staff awareness, commitment and cross-functional coordination
• Obtain adequate information and knowledge of asset condition, performance, risks and costs and the interrelationships between these

NOTE: the other two parts of the series are:

• BS ISO 55001 specifies the requirements for an effective Asset Management System
• BS ISO 55002 offers interpretation and guidance for such a system to be implemented

What’s changed since the last update?

BS ISO 55000 grew out of the hugely successful PAS 55. A free transition guide to help the transfer from PAS 55 to the new BS ISO 55000 series was specifically designed to ease the implementation of the latest international standards.