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.
The Standards will be applicable to any organization that wishes to:
- Establish an asset management system to manage its assets over the life cycles or over a defined period;
- Implement, maintain and improve the management of its assets;
- Assure itself of conformity with its stated asset management policy and organisational objectives; and
- Demonstrate conformity with the Standard.
The Standards are applicable to all types of organizations (e.g. commercial enterprises, government agencies, non-profit organizations), as well as to all sizes of organization (from small to medium enterprises through to multinationals).
Click here to continue reading Peter Kohler’s in-depth five page report covering the:
- Purpose of the Standard;
- Likely benefits; and
- Why is it important that the Asset Management Council plays an active role in their production.