ISO 55000: The Asset Management Standard
How the ISO 55000 series provides the strategic framework for aligning physical asset management with organizational goals.
What is ISO 55000?
ISO 55000 is the international standard for asset management, published in 2014. It defines asset management as 'the coordinated activity of an organization to realize value from assets.' ISO 55001 is the auditable requirements standard. ISO 55002 provides application guidance.
Strategic Asset Management Plan (SAMP)
The SAMP is the cornerstone document of an ISO 55001 management system. It translates organizational objectives into asset management objectives, and then into asset management plans. A SAMP addresses: objectives, risk approach, financial management framework, KPIs, and resource requirements. It must be approved by top management.
Key Takeaways
ISO 55000 series defines the framework for managing assets to deliver organizational value
ISO 55001 is the auditable requirements standard — the basis for certification
The Strategic Asset Management Plan (SAMP) links organizational strategy to asset decisions
ISO 55000 is compatible with and complementary to RBI, RCM, and FFS methodologies
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