ISO 2014

Asset management Overview, principles and terminology

Gestion dactifs Aperu gnral, principes et terminologie

INTERNATIONAL STANDARD

ISO55000

First edition2014-01-15

Reference numberISO 55000:2014(E)

Corrected version2014-03-15

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ISO 2014 ? ? ? ? ? ? ? ? ? ?Tel. + 41 22 749 01 11 ? ? ? ? ? ? ? ? ? ? ? ? ?Web www.iso.orgAccess

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Contents Foreword ........................................................................................................................................................................................................................................iv

Introduction ..................................................................................................................................................................................................................................v

1 Scope ................................................................................................................................................................................................................................. 1

2 Asset management ............................................................................................................................................................................................. 1 ? ? ........................................................................................................................................................................................................... 1 ? ? ? ................................................................................................................................................... 12.3 Assets .............................................................................................................................................................................................................. 2 ? ? ............................................................................................................................................... 2 ? ? ................................................................................................................... 4 ? ? ................................................................................................................... 9

? ? ..................................................................................................................................................................................10 ? ? ........................................................................................................................................................................................ 10 ? ? ............................................................................................................................................................... 13 ? ? ............................................................................................................................... 14 ? ? ............................................................................................................ 15Annex A Information on asset management activities .............................................................................16Annex B Relationship between key elements of an asset management system .............17Bibliography .............................................................................................................................................................................................................................18

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Foreword ? ? ? ? ? ? ?Asset management. ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

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Introduction

0.1 Purpose ? ? ? ? ?ISO 55002. ?0.2 Relationship with other standards ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?0.3 Target audience ??? ? ? ? ? ? ? ? ? ? ? ?

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Asset management Overview, principles and terminology

1 Scope ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?2 Asset management

2.1 General ? ? ? ? ?? ? 2.5.3.4

INTERNATIONAL STANDARD ISO 55000:2014(E)

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? ? ? ?b) informed asset investment decisionsc) managed risk ? ?d) improved services and outputse) demonstrated social responsibility f) demonstrated compliance g) enhanced reputation ?h) improved organizational sustainability i) ? ?2.3 Assets ? ?3.2.2 ?2.4 Overview of asset management

2.4.1 General

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2.4.2 Fundamentals Value ? ? This includes: ? ? ? ? ?b) Alignment ? ? This includes: ?

2.5.3.4 ? ? ? ?c) Leadership This includes: ? ? ? ? d) Assurance ?

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This includes: ? ? ? ? 2.4.3 The relationship of the asset management system to asset management ? ?Figure 1.

Figure 1 Relationships between key terms

2.5 Overview of the asset management system

2.5.1 General3.4.3

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? ? ? ? ? ? ? ? ? ? ? ? ? ? 3.4 refer ? ? ? ? ? ? ? ? ? ? ? ? ? ???? ? ? ? ? ? ? ? ? ?

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? ? 2.5.3.43.3.2 ? ? ? ? ? ? ? ? ? ? ? ? 2.5.3 Elements of an asset management system

2.5.3.1 General ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

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? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?2.5.3.2 Context of the organization ? ? ? 2.5.3.3 Leadership ?design. ? 2.5.3.4 Planning (see 3.1.15). ?

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? ? ? ?3.3.2). ? ? ? ? ? ? ?2.5.3.5 Support 2.5.3.6 Operation

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2.5.3.7 Performance evaluation ? ?2.5.3.5 ? ? 2.5.3.8 Improvement ? ? 2.6 Integrated management systems approach ?

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? ? ?3.1 General terms

3.1.1auditprocess (3.1.19 ? ? ? ? ? ? ? ? ? ?3.1.2capability organization (3.1.13objectives (3.1.12) ?Asset management (3.3.1processes (3.1.19competences (3.1.3) ?asset management plans (3.3.2) asset life (3.2.2continual improvement (3.1.5).3.1.3competence3.1.4conformity ?requirement (3.1.20)3.1.5continual improvementperformance (3.1.17)3.1.6documented informationorganization (3.1.13 ? ? the management system (3.4.2processes (3.1.19 3.1.7effectiveness3.1.8incident

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3.1.9monitoringprocess (3.1.19 ? ?3.1.10measurementprocess (3.1.193.1.11nonconformity ?requirement (3.1.20) ?management system (3.4.23.1.12objective ? ? ?process (3.1.19)). ?asset management (3.3.1 ?asset management systems (3.4.3organization (3.1.13organizational objectives (3.1.14policy ( ? ? ? ? ?3.1.13organizationobjectives (3.1.12) ? ?3.1.14organizational objectiveobjective (3.1.12organizations (3.1.13 ?3.1.15organizational plandocumented information ( ? ? ? ?organizational objectives (3.1.14)

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3.1.16outsource (verb) organization (3.1.13 function or process (3.1.19) ? management system (3.4.2 ? asset management system (3.4.3).

3.1.17performance ? ? ?processes (3.1.19organizations (3.1.13). ?asset management (3.3.1assets (3.2.1) in their ?requirements (3.1.20) or objectives (3.1.12).3.1.18policyorganization (3.1.13top management (3.1.23)3.1.19process3.1.20requirement ?organization (3.1.13stakeholders (3.1.22 ? ?documented information ( ? ? ?).3.1.21riskobjectives (3.1.12) ? ? ?process (3.1.19)). ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?3.1.22stakeholderperson or organization (3.1.13 ?

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3.1.23top managementorganization (3.1.13 ? ? management system (3.4.2 asset management systems (3.4.33.2 Terms relating to assets

3.2.1assetorganization (3.1.13) ? ? ?risks (3.1.21asset life (3.2.2). ? ?asset system (3.2.53.2.2asset lifeperiod from asset (3.2.13.2.3life cycleasset (3.2.1) ?organization (3.1.13).3.2.4asset portfolioassets (3.2.1asset management system (3.4.3) ? ? ? ? asset management (3.3.13.2.5asset systemset of assets (3.2.13.2.6asset typegrouping of assets (3.2.1 critical assets (3.2.7

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3.2.7critical assetasset (3.2.1 ?organizations (3.1.13)objectives (3.1.12) ?performance-critical (3.1.17requirements (3.1.20). ? ? Asset systems (3.2.5 3.3 Terms relating to asset management

3.3.1asset managementorganization (3.1.13assets (3.2.1) ?risks (3.1.21performance (3.1.17 ? ?asset management system (3.4.3). ?3.3.2strategic asset management planSAMPdocumented information ( ? ? ? ?organizational objectives (3.1.14into asset management (3.3.1)objectives (3.1.12 asset management plans (3.3.3 asset management system (3.4.3 ?organizational plan (3.1.15). ? 3.3.3asset management plandocumented information ( ? ? ? ?asset (3.2.1organizations (3.1.13)asset management (3.3.1)objectives (3.1.12) ? asset type ( ? ? ? asset system (3.2.5) or asset portfolio (3.2.4). ?strategic asset management plan (3.3.2). ?3.3.4preventive actionnonconformity (3.1.11 ? ? ?asset management (3.3.1 ?

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? assets (3.2.1 corrective action (3.4.1 ? ? requirement (3.1.19). ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?3.3.5predictive actionasset (3.2.1preventive action (3.3.4) or corrective action (3.4.1) ?3.3.6level of service ?organization (3.1.13) delivers ?3.4 Terms relating to asset management system

3.4.1corrective actionnonconformity (3.1.11 ? ?3.4.2management systemorganization (3.1.13policies ( ? ? ? ?objectives (3.1.12processes (3.1.19 ? ? ? ? ? ? ? 3.4.3asset management systemmanagement system (3.4.2) for asset management (3.3.1 policy ( ? ? ? ?objectives (3.1.12) ?

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Annex A

Information on asset management activities

? ? ? ? ? ? ? ? ? ? ? ? ?

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Annex B

Relationship between key elements of an asset management system

Figure B.1

Figure B.1 Relationship between key elements of an asset management system

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Bibliography

? ? ? ? ? ? ? ? ?Quality management systems Fundamentals and vocabulary ? ? ? ? ?Quality management systems Requirements ? ? ? ? ?Managing for the sustained success of an organization A quality management approach ? ? ? ? ? ?Environmental management systems Requirements with guidance for use ? ? ? ? ? ?Petroleum, petrochemical and natural gas industries Collection and exchange of reliability and maintenance data for equipment ? ? ? ? ? ? ?Petroleum and natural gas industries Life cycle costing Part 1: Methodology ? ? ? ? ? ? ?Buildings and constructed assets Service life planning Part 2: Service life prediction procedures ? ? ? ? ? ?Condition monitoring and diagnostics of machines General guidelines ? ? ? ? ? ?Guidelines for auditing management systems ? ? ? ? ? ? ?Petroleum, petrochemical and natural gas industries Production assurance and reliability management ? ? ? ? ? ? ?Guidance on project management ? ? ? ? ? ? ?Societal security Business continuity management systems Requirements ? ? ? ? ? ? ?Risk management Principles and guidelines ? ? ? ? ? ? ?Guidance on outsourcing1) ? ? ? ? ? ? ? ? ? ? ?Asset management Management systems Requirements ? ? ? ? ? ? ? ? ? ? ?Asset management Management systems Guidelines on the application of ISO 55001 ? ? ? ?Risk management Vocabulary ? ? ? ? ? ? ?Systems and software engineering System life cycle processes ? ? ? ? ? ? ? ?Information technology Software asset management Part 1: Processes and tiered assessment of conformance ? ? ? ? ? ? ?Risk management Risk assessment techniques ? ? ? ? ? ? ? ?Dependability management Part 1: Dependability management systems ? ? International Infrastructure Management Manual, International Infrastructure Management Manual, Version 4.0 2011, ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Assets ? ? ? ? ? ?Standard Practice for Establishing the Guiding Principles of Property Management ? ? ? ? ? ?Standard Practice for Equipment Control Matrix (ECM)

1)

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? ? ? ? ? ?assets ? ? ? ? ? ?Assetmanagement Eisen aan een veiligheids-, kwaliteits- en capaciteitsmanagementsysteem voor het elektriciteits- en gasnetbeheer (Asset management for electricity and gas networks) ? ? Engineering Asset Management an Insurance Perspective ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Physical Asset Management Handbook ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Making Common Sense Common Practice, Models for Operational Excellence ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Maintenance Work Management Processes (Maintenance Strategy Series) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Maintenance & Reliability Best Practices ? ? ? ? ? ? ? ? ? ? ? ? ?

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Section sec_1Section sec_2Section sec_2.1Section sec_2.2Section sec_2.3Section sec_2.4Section sec_2.4.1Section sec_2.4.2Section sec_2.4.3Figure fig_1Section sec_2.5Section sec_2.5.1Section sec_2.5.2Section sec_2.5.3Section sec_2.5.3.1Section sec_2.5.3.2Section sec_2.5.3.3Section sec_2.5.3.4Section sec_2.5.3.5Section sec_2.5.3.6Section sec_2.5.3.7Section sec_2.5.3.8Section sec_2.6Section sec_3Section sec_3.1Section sec_3.1.1Section sec_3.1.2Section sec_3.1.3Section sec_3.1.4Section sec_3.1.5Section sec_3.1.6Section sec_3.1.7Section sec_3.1.8Section sec_3.1.9Section sec_3.1.10Section sec_3.1.11Section sec_3.1.12Section sec_3.1.13Section sec_3.1.14Section sec_3.1.15Section sec_3.1.16Section sec_3.1.17Section sec_3.1.18Section sec_3.1.19Section sec_3.1.20Section sec_3.1.21Section sec_3.1.22Section sec_3.1.23Section sec_3.2Section sec_3.2.1Section sec_3.2.2Section sec_3.2.3Section sec_3.2.4Section sec_3.2.5Section sec_3.2.6Section sec_3.2.7Section sec_3.3Section sec_3.3.1Section sec_3.3.2Section sec_3.3.3Section sec_3.3.4Section sec_3.3.5Section sec_3.3.6Section sec_3.4Section sec_3.4.1Section sec_3.4.2Section sec_3.4.3Annex sec_AAnnex sec_BFigure fig_B.1Reference ref_1Reference ref_2Reference ref_3Reference ref_4Reference ref_5Reference ref_6Reference ref_7Reference ref_8Reference ref_9Reference ref_10Reference ref_11Reference ref_12Reference ref_13Reference ref_14Reference ref_15Reference ref_16Reference ref_17Reference ref_18Reference ref_19Reference ref_20Reference ref_21Reference ref_22Reference ref_23Reference ref_24Reference ref_25Reference ref_26Reference ref_27Reference ref_28Reference ref_29Reference ref_30Reference ref_31Reference ref_32ForewordIntroduction1Scope2Asset management2.1General2.2Benefits of asset management2.3Assets2.4Overview of asset management2.5Overview of the asset management system2.6Integrated management systems approach3Terms and definitions3.1General terms3.2Terms relating to assets3.3Terms relating to asset management3.4Terms relating to asset management systemAnnexA(informative)

Information on asset management activitiesAnnexB(informative)

Relationship between key elements of an asset management systemBibliography