BS ISO 55000:2014 Asset management. Overview, principles and terminology

BS ISO 55000:2014

Asset management. Overview, principles and terminology

Status : Current   Published : January 2014



What is this standard about?

This is the first part of an international series of standards that grew out of the hugely successful PAS 55. It covers the concepts, principles and terminology relating to this generic definition of good practice in the optimized management of physical assets.  

Who is this standard for? 

  • Any organization looking to effectively manage its assets
  • Large and small businesses
  • Private and public sector
  • Senior management
  • Asset managers
  • Regulatory industries

Why should you use this standard? 

It introduces the critical concepts and terminology needed to develop a long-term plan that incorporates an organization’s mission, values, objectives, business policies and stakeholder requirements. It also seeks to:

  • Facilitate the implementation of key principles with clear direction and leadership
  • Achieve staff awareness, commitment and cross-functional coordination
  • Obtain adequate information and knowledge of asset condition, performance, risks and costs and the interrelationships between these

NOTE: the other two parts of the series are:

  • BS ISO 55001 specifies the requirements for an effective Asset Management System
  • BS ISO 55002 offers interpretation and guidance for such a system to be implemented

What’s changed since the last update?

BS ISO 55000 grew out of the hugely successful PAS 55. A free transition guide to help the transfer from PAS 55 to the new BS ISO 55000 series was specifically designed to ease the implementation of the latest international standards.

Standard NumberBS ISO 55000:2014
TitleAsset management. Overview, principles and terminology
Publication Date31 January 2014
Normative References(Required to achieve compliance to this standard)No other standards are normatively referenced
Informative References(Provided for Information)ISO 15663-1, BSI PAS 55, ISO 9000:2005, ISO 37500, ISO/IEC 15288, ASTM E2132, ISO 20815, ISO 21500, ISO 17359, ISO 55001:2014, ISO 55002:2014, ASTM E 2608, ASTM E 2279, NEN NTA 8120, ISO 9004, IEC 60300-1, ISO 14224, ISO 14001, ISO 22301, ISO 19011, ISO 15686-2, ISO Guide 73, ISO 9001, ISO/IEC 19770-1:2017, IEC 31010:2019, ISO 31000:2018
Amended ByCorrigendum, March 2014
DescriptorsManagement operations, Assets, Management, Planning
Title in FrenchGestion d’actifs. Aperçu général, principes et terminologie
ISBN978 0 580 86467 4
File Size1.1 MB

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