Symposium

AMBOK Standards

Why an Asset Management Standard is Needed

Currently, the International Standards Organisation (ISO) is developing the ISO 55000 Series of Standards for the management of assets - Asset Management. The ISO committee (ISO PC 251) comprises some 32 participating countries - Australia being one of those.

The completed suite of three asset management ISO standards is expected to be available to the public in 2014.

The proposed Standards are performance based (certainly not prescriptive) and while introducing the subject of asset management also specify the requirements for an asset management system to manage assets and asset systems over their life cycles. Some information on tailoring the asset management system is also provided.

Read more: Why an Asset Management Standard is Needed

ISO PC 251 Asset Management - Meeting

Introduction

ISO PC 251 recently completed the third of its international meetings to develop a suite of asset management standards being:

  1. ISO 55000 Asset Management – Overview, principles and terminology
  2. ISO 55001 Asset Management – Management Systems - Requirements
  3. ISO 55002 Asset Management - Management Systems – Guidelines on the application of ISO 55001

Read more: ISO PC 251 Asset Management - Meeting

Planning Paramount for Imminent Asset Management Industry Standards

john_hardwick_sThe Global Forum on Maintenance and Asset Management (GFMAM) recently came together on the Gold Coast Australia to progress the global projects being developed by the GFMAM and to discuss the international standard for Asset Management.

John Hardwick, who was recently appointed Chairman of the GFMAM said “The asset management discipline has rapidly grown over the past ten years and a number of approaches and models have been developed across the world. The GFMAM projects will support the common approach that the international Standard will provide and will equip organisations to begin the move towards this new approach.”

Read more: Planning Paramount for Imminent Asset Management Industry Standards

Report on the 1st meeting of ISO PC251 Asset Management Committee

From 28 February – 4 March 2011, the first meeting of the International Standards Organisation Project Committee ISO PC251 was held in Melbourne, Australia.  

The ISO PC251 Committee’s role is to develop the proposed ISO Standard for Asset Management and was established in August 2010 by the ISO Technical Management Board (ISO/TMB). The Committee includes representatives from 23 peak asset management organisations including Australia, Austria, Canada, Czech Republic, Finland, Japan, USA, France, UK, Portugal, Sweden, and Netherlands - all of whom opted in to support the proposed Standard.

Read more: Report on the 1st meeting of ISO PC251 Asset Management Committee