Development of ISO 55000 Asset Management

From 15 to 18 June 2010, the first (informal) meeting of ISO PC251 Working Group was held in London. This ISO working group is developing a new standard in the field of asset management, ISO 55000. The UK and The Netherlands also have a delegation in this ISO working group.

During this meeting, the following decisions were made regarding ISO 55000:

• The scope is limited to physical assets;
• The standard will focus on “what”, not “how”;
• The standard will focus on the optimisation of on organisation instead of the optimization of assets only;
• The development of a “maturity model”, which enables assessment of the maturity of asset management in an organisation, is desirable;
• The standard will preferably be developed by the “asset managers” and “asset owners”.