AMCouncil AMBoK Team Member, Martin Kerr, represented the Asset Management Council at the ISO TC251 (ISO5500x) committee meeting in Amersfoort, The Netherlands 22nd to 26th October 2018.    

TC251 is a technical committee (TC) that looks after the ISO55xxx suite of documents. The committee is made up of several working groups, one of which is looking at Public Policy for Asset Management (ISO55011) under the auspice of Working Group 7, WG7.

WG7 has completed writing the second committee draft for the proposed international standard ISO 55011 and are now preparing the document for review by the TC251 Secretariat.   Government policy is a broad and potentially complex subject.  The members of Working Group 7 embraced the challenge of distilling the purpose and scope of this standard so that any member of the technical committee could understand it.  The scope has broadened to consider other entities such as Not For Profits (NFP) and Non-Government Organisations (NGOs) including the likes of charities, sporting groups, and volunteer rescue bodies.

For more information on TC251 (ISO5500x) please visit https://committee.iso.org/home/tc251