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ISO 55000

ISO 55000 — ISO 55000 Asset Management Standard

The international standard that defines the fundamental concepts, terminology and principles of asset management.

Definition

ISO 55000 is the foundational standard within the ISO 55000 Asset Management family. It establishes the vocabulary, core concepts, guiding principles and expected benefits of asset management, providing a common framework for organizations to manage assets throughout their lifecycle in support of organizational objectives.

Why It Matters

ISO 55000 establishes the common language and principles that underpin effective asset management systems.

In Practice

ISO 55000 provides guidance, terminology and principles but does not define auditable management system requirements. Those requirements are specified in ISO 55001.

Common Misuse

ISO 55000 defines asset management principles and terminology, whereas ISO 55001 specifies the requirements for establishing and certifying an asset management system.

Term Details
Synonyms:
ISO 55000; Asset Management Standard; ISO Asset Management
Classification:
Standards, Codes & Regulations
Standard
Intermediate
Applications

Standards, Codes & Regulations; Asset Management; International Standards.

Where It's Used

Asset-intensive industries.; Infrastructure.; Utilities.; Manufacturing.; Oil and gas.

References

ISO 55000

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