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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.

ISO 55000 Benefit:

An asset management system provides a structured, best practice approach to managing the lifecycle of assets.

 
 
 
 
Reduced risks associated with ownership of assets – anything from unnecessary maintenance costs and inefficiency to accident prevention (explosions at gas plants for example)
 
 
 
 
Improved quality assurance for customers/regulators – where assets play a key role in the provision and quality of products and services
 
 
 
 
New business acquisition – stakeholders gain confidence from the knowledge that a strategy is in place to ensure assets meet the necessary safety and performance requirements
 
 
 
 
Supports international business growth – demonstrating that the requirements of an internationally recognised asset management system are being met.
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