Melbourne – Progress Report on ISO Standards for Asset Management

Following it’s first face to face meeting since COVID 19 in Pennsylvania in May 2023, the ISO TC251 Committee is about to release 6 Draft (DIS) Standards, and is developing New Work Item Proposals (NWIP) for an additional 2 Standards and revision of ISO 55002:2018.

Tom Carpenter will provide a precis of the upcoming DIS Standards and highlight key aspects.

DIS Standards to be released in the near future:

  • ISO DIS 55000:2023 – Asset Management – Overview, Principles, and Terminology
  • ISO DIS 55001:2023 – Asset Management  – Asset Management Systems – Requirements
  • ISO DIS 55010:2023 – Asset management — Guidance on the alignment of financial and non-financial functions in asset management
  • ISO DIS 55011:2023 – Asset management – Guidance for development of public policy to enable asset management
  • ISO DIS 55012:2023 – Asset management – Guidelines for enhancing people involvement and competence
  • ISO DIS 55013:2023 – Asset management – Guidance on data for asset management

NWIP Projects:
Guideline for Asset Management Decision Making incorporating value and risk
Guideline for Sustainability
Revision/update of ISO 55002:2018

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About the speaker:
Tom Carpenter, CEO, IQ-AM Pty Ltd

Tom Carpenter is an originating member of the TC251 Committee developing the ISO 5500# Standards. He is responsible for initial development of the Certification framework implemented by the WPiAM. He continues to deliver vocational post-graduate qualifications in Asset Management and assistance to organisation implementing Asset Management.

Tom is a recognised CFAM and a winner of the highest personal award from the AM Council – the MESA medal.