Benefits Whether you run iso 55000 asset management pdf business, work for a company or government, or want to know how standards contribute to products and services that you use, you’ll find it here. A set of processes that show your product, service or system meets the requirements of a standard. This standard was last reviewed and confirmed in 2016.

ISO 55000:2014 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. ISO 55000:2014 can be applied to all types of assets and by all types and sizes of organizations. Managing assets to meet organizational or social objectives has existed since humans first began building infrastructures, whether private or public. We are committed to ensuring that our website is accessible to everyone.

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The standard is based on the 28 elements contained in British Standards Institute Publically Available Specification 55, and effectiveness of its asset management and the asset management system. Or want to know how standards contribute to products and services that you use, the practical implications and business benefits. Benefits Whether you run a business, this standard is for any asset that creates value for an organization that they have a legal responsibility for, whether private or public. Work for a company or government; prioritised and auditable risk management. Maintenance and improvement of an asset management system. It can be used by any organization to determine which of its assets this International Standard applies.

Life Cycle Engineering is committed to helping you implement solutions that improve performance and meet your objectives. We develop our solutions and services to meet the specific challenges and requirements of a wide variety of organizations. Life Cycle Institute’s approach to high impact learning integrates learning, leadership and change management competencies to produce documented, sustainable results. Are you looking for an exciting and rewarding career with a stable, team-based and results-oriented organization? International Standard for Asset Management The first edition of the ISO55000 standard consists of these three components. Existing Management Systems Standards that don’t currently follow this structure will follow it in the next revision of the standard. This standard is for any asset that creates value for an organization that they have a legal responsibility for, not just physical production assets.

The focus of this standard is more on managing the value and risk to internal and external stakeholders than on the management of the assets. The standard is based on the 28 elements contained in British Standards Institute Publically Available Specification 55, part 1 and part 2. Change management will need to play a significant role in implementing this standard to ensure clear and transparent executive sponsorship exists and that both the technical and people side of change is accounted for in an integrated project management and change management plan. The Risk-based Asset Management implementation model provides the visual phases that are required to ensure the infrastructure exists to leverage this standard. Continuous improvement is an organization’s ability to improve the suitability, adequacy, and effectiveness of its asset management and the asset management system.