ISO 55000 family of asset management systems
 

Investing and using assets strategically and effectively is the bottom line responsibility of every executive. ISO 55002:2018 was developed after following the actual journeys of early ISO 55001 adopters in over thirty countries over four years. Decision making becomes much clearer and effective when your organization has a thorough understanding of the value creation capabilities of your assets, and any risks associated with that asset. ISO 55001 guides an organization through the relevant factors of organizational design, roles & responsibilities, decision making, nature and criticality of assets, contractual relations in outsourcing, period of applicability and interrelationship with other management systems. An effective asset management system undergirds decision-making by creating for actionable information from the performance evaluation at the core of asset management. Distilled from your organization’s objectives and customer requirements, your AMS policies and procedures ensure that all decisions are consistent and transparent and laser-focused on your business objectives.