ISO 55011

FINAL DRAFT
International
Standard
ISO/FDIS 55011
ISO/TC 251
Asset management — Guidance for
Secretariat: BSI
the development of public policy to
Voting begins on:
enable asset management
2024-05-21
Gestion d'actifs — Orientations pour le développement de
Voting terminates on:
politiques publiques pour favoriser la gestion d'actifs
2024-07-16
RECIPIENTS OF THIS DRAFT ARE INVITED TO SUBMIT,
WITH THEIR COMMENTS, NOTIFICATION OF ANY
RELEVANT PATENT RIGHTS OF WHICH THEY ARE AWARE
AND TO PROVIDE SUPPOR TING DOCUMENTATION.
IN ADDITION TO THEIR EVALUATION AS
BEING ACCEPTABLE FOR INDUSTRIAL, TECHNO­
LOGICAL, COMMERCIAL AND USER PURPOSES, DRAFT
INTERNATIONAL STANDARDS MAY ON OCCASION HAVE
TO BE CONSIDERED IN THE LIGHT OF THEIR POTENTIAL
TO BECOME STAN DARDS TO WHICH REFERENCE MAY BE
MADE IN NATIONAL REGULATIONS.
Reference number
ISO/FDIS 55011:2024(en) © ISO 2024

FINAL DRAFT
ISO/FDIS 55011:2024(en)
International
Standard
ISO/FDIS 55011
ISO/TC 251
Asset management — Guidance for
Secretariat: BSI
the development of public policy to
Voting begins on:
enable asset management
Gestion d'actifs — Orientations pour le développement de
Voting terminates on:
politiques publiques pour favoriser la gestion d'actifs
RECIPIENTS OF THIS DRAFT ARE INVITED TO SUBMIT,
WITH THEIR COMMENTS, NOTIFICATION OF ANY
RELEVANT PATENT RIGHTS OF WHICH THEY ARE AWARE
AND TO PROVIDE SUPPOR TING DOCUMENTATION.
© ISO 2024
IN ADDITION TO THEIR EVALUATION AS
All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication may
BEING ACCEPTABLE FOR INDUSTRIAL, TECHNO­
LOGICAL, COMMERCIAL AND USER PURPOSES, DRAFT
be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying, or posting on
INTERNATIONAL STANDARDS MAY ON OCCASION HAVE
the internet or an intranet, without prior written permission. Permission can be requested from either ISO at the address below
TO BE CONSIDERED IN THE LIGHT OF THEIR POTENTIAL
or ISO’s member body in the country of the requester.
TO BECOME STAN DARDS TO WHICH REFERENCE MAY BE
MADE IN NATIONAL REGULATIONS.
ISO copyright office
CP 401 • Ch. de Blandonnet 8
CH-1214 Vernier, Geneva
Phone: +41 22 749 01 11
Email: copyright@iso.org
Website: www.iso.org
Published in Switzerland Reference number
ISO/FDIS 55011:2024(en) © ISO 2024

ii
ISO/FDIS 55011:2024(en)
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
4 Enabling environment for asset management from a public policy perspective . 4
4.1 General .4
4.2 Participants in the enabling environment for asset management .4
4.2.1 Government participants .4
4.2.2 Non-government participants .4
4.2.3 Other participants .5
4.3 Interaction between participants .6
5 Public policy instruments . 7
5.1 General .7
5.2 Public policy instruments that can enable asset management .7
5.2.1 Identification of public policy instruments .7
5.2.2 Forms of public policy instruments .8
6 Development of public policy instruments to enable asset management . 8
6.1 General .8
6.2 Common elements of good practices in public policy .9
6.2.1 Bringing subject matter expertise into the policy-making process .9
6.2.2 Defining actions and relationships of participants in an enabling environment
for asset management .9
6.2.3 Leveraging a range of public policy instruments and consideration of interaction
effects .10
6.2.4 Sustaining or improving the enabling environment for asset management .11
Annex A (informative) Government participants in enabling environments for asset
management .12
Annex B (informative) Non-government participants in enabling environments for asset
management .15
Annex C (informative) Developing public policy instruments that improve asset management
outcomes . .21
Annex D (informative) Example actions and considerations by government in the development
and application of public policy instruments .24
Annex E (informative) Case studies .26
Bibliography .34

iii
ISO/FDIS 55011:2024(en)
Foreword
ISO (the International Organization for Standardization) is a worldwide federation of national standards
bodies (ISO member bodies). The work of preparing International Standards is normally carried out through
ISO technical committees. Each member body interested in a subject for which a technical committee
has been established has the right to be represented on that committee. International organizations,
governmental and non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely
with the International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization.
The procedures used to develop this document and those intended for its further maintenance are described
in the ISO/IEC Directives, Part 1. In particular, the different approval criteria needed for the different types
of ISO document should be noted. This document was drafted in accordance with the editorial rules of the
ISO/IEC Directives, Part 2 (see www.iso.org/directives).
ISO draws attention to the possibility that the implementation of this document may involve the use of (a)
patent(s). ISO takes no position concerning the evidence, validity or applicability of any claimed patent
rights in respect thereof. As of the date of publication of this document, ISO had not received notice of (a)
patent(s) which may be required to implement this document. However, implementers are cautioned that
this may not represent the latest information, which may be obtained from the patent database available at
www.iso.org/patents. ISO shall not be held responsible for identifying any or all such patent rights.
Any trade name used in this document is information given for the convenience of users and does not
constitute an endorsement.
For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and expressions
related to conformity assessment, as well as information about ISO’s adherence to the World Trade
Organization (WTO) principles in the Technical Barriers to Trade (TBT), see www.iso.org/iso/foreword.html.
This document was prepared by Technical Committee ISO/TC 251, Asset management.
Any feedback or questions on this document should be directed to the user’s national standards body. A
complete listing of these bodies can be found at www.iso.org/members.html.

iv
ISO/FDIS 55011:2024(en)
Introduction
0.1  Purpose
This document provides guidance to advance the adoption of asset management through public policy,
specifically focused on the external context of all organizations that manage assets.
This guidance defines and describes an enabling environment for asset management, and outlines how it
can be created, sustained and improved through the use of public policy (see Clause 4).
It outlines how participants in that environment can act and interact with one another to influence
the development and deployment of public policies to enable asset management in their countries and
jurisdictions (see Annexes A and B).
This document provides a consistent approach (see Annexes C and D) to the development of public policy
instruments (see 5.2.1) that enable asset management and help achieve government objectives. These can
include implementing a framework of recommended practices for effective public investment (see Table 1),
achieving the United Nations Sustainable Development Goals (UN SDGs), and otherwise generating greater
value to society.
0.2  Relationship with other standards
ISO 55000 provides context for the standards on asset management developed by ISO/TC 251 (e.g. ISO 55001,
1) 2)
ISO 55002, ISO/TS 55010, this document, ISO 55012 and ISO 55013 ).
ISO 55001 specifies requirements for an organizational “asset management system” and ISO 55002 gives
guidance to an organization on the application of ISO 55001.
All concepts, terms and definitions in the above standards are written from the perspective of each
individual organization. From this perspective, this document relates to the external context within which
an organization operates and which is created by conditions established by its external influencers.
This document is written from a broader perspective and recognizes that many different individuals and
organizations (“participants”) are involved in advancing the adoption of asset management in their respective
countries and jurisdictions. It is intended to positively shape the external context of all organizations, rather
than any single organization, through the development, or influencing the development, of supportive public
policies.
0.3  Target audience
This document is intended for those individuals and organizations that want, and are able, to advance and
support the adoption of asset management in their respective countries or jurisdictions through public
policy. This document acknowledges government officials as the primary participants in the public policy
process and recognizes other participants who can be involved in that process. Secondary users are intended
to be individuals and organizations that want to advance and support the adoption of asset management and
who are seeking guidance on how to do so.
NOTE 1 This guidance is relevant to all levels of government. The target audience includes government and other
officials who recognize the benefits of asset management and would like, and are able, to advance asset management
through their work. These individuals can include those who:
— advise on public policy;
— implement public policy;
— issue implementing agency guidance;
— issue executive guidance;
1) Under preparation. Stage at the time of publication: ISO/FDIS 55012:2024.
2) Under preparation. Stage at the time of publication: ISO/FDIS 55013:2024.

v
...

ISO/DISFDIS 55011
ISO/TC 251/WG7
Secretariat: BSI
Date: 2024-05-06
Asset management — Guidance for the development of public policy
to enable asset management
Gestion d'actifs — Orientations pour l'élaborationle développement de politiques publiques pour
permettrefavoriser la gestion d'actifs
FDIS stage
All rights reserved. Unless otherwise specified, or required in the context of its implementation, no part of this publication
may be reproduced or utilized otherwise in any form or by any means, electronic or mechanical, including photocopying,
or posting on the internet or an intranet, without prior written permission. Permission can be requested from either ISO
at the address below or ISO’s member body in the country of the requester.
ISO copyright office
CP 401 • Ch. de Blandonnet 8
CH-1214 Vernier, Geneva
Phone: + 41 22 749 01 11
E-mail: copyright@iso.org
Website: www.iso.org
Published in Switzerland
ISO/FDIS 55011:2024(en)
Contents
Foreword . iv
Introduction . v
1 Scope . 9
2 Normative references . 9
3 Terms and definitions . 9
4 Enabling environment for asset management from a public policy perspective . 12
4.1 General . 12
4.2 Participants in the enabling environment for asset management . 12
4.2.1 Government participants . 12
4.2.2 Non-government participants . 13
4.2.3 Other participants . 13
4.3 Interaction between participants . 15
5 Public policy instruments . 15
5.1 General . 15
5.2 Public policy instruments that can enable asset management . 16
5.2.1 Identification of public policy instruments . 16
5.2.2 Forms of public policy instruments . 17
6 Development of public policy instruments to enable asset management . 17
6.1 General . 17
6.2 Common elements of good practices in public policy. 18
6.2.1 Bringing subject matter expertise into the policy-making process . 18
6.2.2 Defining actions and relationships of participants in an enabling environment for asset
management . 18
6.2.3 Leveraging a range of public policy instruments and consideration of interaction effects20
6.2.4 Sustaining or improving the enabling environment for asset management . 20
Annex A (informative) Government participants in enabling environments for asset
management . 22
A.1 Government participants . 22
A.1.1 General . 22
A.1.2 Legislative agencies . 22
A.1.3 Executive policy offices . 22
A.1.4 Administrative agencies . 22
A.1.5 Intergovernmental associations . 23
A.2 Government actions that support an enabling environment for asset management . 23
A.3 Benefits to government participants from supporting the adoption of asset management24
Annex B (informative) Non-government participants in enabling environments for asset
management . 25
B.1 Non-government participants . 25
B.1.1 General . 25
B.1.2 Asset management advocacy groups . 25
B.1.3 Professional associations . 25
B.1.4 Individual organizations that own or operate assets . 26
B.1.5 Organizations and individuals who can support asset owners or operators . 26
B.1.6 Academia . 26
B.1.7 Media . 26
B.1.8 Industry and manufacturers . 26
B.2 Non-government actions that support an enabling environment for asset management . 26
ii
ISO/FDIS 55011:2024(en)
B.3 Benefits to non-government participants from supporting the adoption of asset
management . 28
B.4 Non-government opportunities to influence public policies that support the adoption of
asset management . 29
Annex C (informative) Developing public policy instruments that improve asset management
outcomes . 31
Annex D (Informative) Example actions and considerations by government in the development
and application of public policy instruments . 34
Annex E (informative) Case studies . 37
Bibliography . 5

iii
ISO/FDIS 55011:2024(en)
Foreword
ISO (the International Organization for Standardization) is a worldwide federation of national standards
bodies (ISO member bodies). The work of preparing International Standards is normally carried out through
ISO technical committees. Each member body interested in a subject for which a technical committee has been
established has the right to be represented on that committee. International organizations, governmental and
non-governmental, in liaison with ISO, also take part in the work. ISO collaborates closely with the
International Electrotechnical Commission (IEC) on all matters of electrotechnical standardization.
The procedures used to develop this document and those intended for its further maintenance are described
in the ISO/IEC Directives, Part 1. In particular, the different approval criteria needed for the different types of
ISO document should be noted. This document was drafted in accordance with the editorial rules of the
ISO/IEC Directives, Part 2 (see www.iso.org/directives).
ISO draws attention to the possibility that the implementation of this document may involve the use of (a)
patent(s). ISO takes no position concerning the evidence, validity or applicability of any claimed patent rights
in respect thereof. As of the date of publication of this document, ISO had not received notice of (a) patent(s)
which may be required to implement this document. However, implementers are cautioned that this may not
represent the latest information, which may be obtained from the patent database available at
www.iso.org/patents. ISO shall not be held responsible for identifying any or all such patent rights.
Any trade name used in this document is information given for the convenience of users and does not
constitute an endorsement.
For an explanation of the voluntary nature of standards, the meaning of ISO specific terms and expressions
related to conformity assessment, as well as information about ISO’s adherence to the World Trade
Organization (WTO) principles in the Technical Barriers to Trade (TBT), see www.iso.org/iso/foreword.html.
This document was prepared by Technical Committee ISO/TC 251, Asset management.
Any feedback or questions on this document should be directed to the user’s national standards body. A
complete listing of these bodies can be found at www.iso.org/members.html.
iv
ISO/FDIS 55011:2024(en)
Introduction
0.1  Purpose
This document provides guidance to advance the adoption of asset management through public policy,
specifically focused on the external context of all organizations that manage assets.
This guidance defines and describes an enabling environment for asset management, and outlines how it can
be created, sustained, and improved through the use of public policy (see Clause 4).
It outlines how participants in that environment can act and interact with one another to influence the
development and deployment of public policies to enable asset management in their countries and
jurisdictions (see Annexes A and B).
This document provides a consistent approach (see Annexes C and D) to the development of public policy
instruments (see 5.2.1) that enable asset management and help achieve government objectives. These can
include implementing a framework of recommended practices for effective public investment (see Table 1),
achieving the United Nations Sustainable Development Goals (UN SDGs), and otherwise generating greater
value to society.
0.2  Relationship with other standards
ISO 55000 provides context for the documents produced by ISO/TC 251 concerning standards on asset
management developed by ISO/TC 251 (e.g.,. ISO 55001, ISO 55002, ISO/TS 55010, this document,
1) 2)
ISO 55011, ISO 55012 and ISO 55013 ).
ISO 55001 specifies requirements for an organizational “asset management system” and ISO 55002 gives
guidance to an organization on the application of ISO 55001.
All concepts, terms and definitions in the above standards are written from the perspective of each individual
organization. From this perspective, ISO 55011this document relates to the external context within which an
organization operates and which is created by conditions established by its external influencers.
This document is written from a broader perspective and recognizes that many different individuals and
organizations (“participants”) are involved in advancing the adoption of asset management in their respective
countries and jurisdictions. It is intended to positively shape the external context of all organizations, rather
than any single organization, through the development, or influencing the development, of supportive public
policies.
0.3  Target audience
This document is intended for those individuals and organizations that want, and are able, to advance and
support the adoption of asset management in their respective countries or jurisdictions through public policy.
This document acknowledges government officials as the primary participants in the public policy process
and recognizes other participants who can be involved in that process. Secondary users are intended to be
individuals and organizations that want to advance and support the adoption of asset management and who
are seeking guidance on how to do so.
NOTE 1 This guidance is relevant to all levels of government. The target audience includes government and other
officials who recognize the benefits of asset management and would like, and are able, to advance asset management
through their work. These ind
...