PAS 55-2:2008 Asset management. Guidelines for the application of PAS 55-1
What is it?
PAS 55-2:2008 puts PAS 55-1 investment management theory into practice. It explains how to establish an effective asset management system, helping you to:
- monitor performance and risk
- save time and money
- achieve sustainable development
- improve audit trails
- increase customer satisfaction.
It also allows you to integrate asset management with health and safety and environmental management systems. PAS 55 is not mandatory but recommended for organizations with business critical assets. It was revised in 2008.
How does it work?
PAS 55-2 gives you the tools to apply your understanding of PAS 55 asset management recommendations. PAS 55-2 guides you through each stage of planning, implementing and maintaining a system tailored to your organization. Application of PAS 55 creates greater shareholder value and puts your business ahead of the game.
Who should buy it?
- Organizations that want to put PAS 55 theory into practice
- Organizations where physical assets are critical to business success
- Organizations that want to improve existing asset management systems
- Organization that want to implement an asset management system.
What is PAS?
A PAS is a Publicly Available Specification that outlines a code of practice in line with British Standard recommendations. It is developed in collaboration with industry bodies and reviewed for standardization after two years.
Read more about PAS here or visit our Standards Solutions pages.
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