Asset management — Vocabulary, overview and principles

This document defines terms and establishes principles and outcomes for asset management. It describes: — the benefits of asset management and an asset management system; — the relationship between asset management, the asset management system and asset portfolio; — asset management improvement and maturity. This document is applicable to all types of assets and all types and sizes of organizations. This document does not provide financial, accounting, human resources nor technical guidance for managing specific asset types. NOTE For the purposes of this document, ISO 55001 and ISO 55002, the term “asset management system” is used to refer to a management system for asset management.

Gestion d'actifs — Vocabulaire, aperçu général et principes

Le présent document définit les termes et établit les principes et les résultats pour la gestion d’actifs. Il décrit: — les bénéfices de la gestion d’actifs et d’un système de gestion d’actifs; — la relation entre la gestion d’actifs, le système de gestion d’actifs et le portefeuille d’actifs; — l’amélioration et la maturité de la gestion d’actifs. Le présent document s’applique à tous les types d’actifs ainsi qu’à tous les types et toutes les tailles d’organismes. Le présent document ne spécifie pas de recommandations de nature financière, comptable, technique, ou relatives aux ressources humaines concernant la gestion de types d’actifs spécifiques. NOTE Pour les besoins du présent document, de l’ISO 55001 et de l’ISO 55002, le terme «système de gestion d’actifs» est utilisé pour désigner un système de management pour la gestion d’actifs.

Obvladovanje premoženja - Pregled, načela in terminologija

General Information

Status
Published
Publication Date
02-Jul-2024
Technical Committee
Current Stage
6060 - International Standard published
Start Date
03-Jul-2024
Due Date
21-May-2024
Completion Date
03-Jul-2024

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International
Standard
ISO 55000
Second edition
Asset management — Vocabulary,
2024-07
overview and principles
Gestion d'actifs — Vocabulaire, aperçu général et principes
Reference number
© ISO 2024
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
Email: copyright@iso.org
Website: www.iso.org
Published in Switzerland
ii
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
3.1 Terms relating to assets .1
3.2 Terms relating to asset management .3
3.3 Terms relating to asset management system .4
4 Overview of asset management . 8
4.1 General .8
4.2 Principles of asset management.9
4.2.1 General .9
4.2.2 Value .9
4.2.3 Alignment .9
4.2.4 Leadership.9
4.3 Outcomes and benefits from asset management .9
4.4 Relationship between asset management, asset management system and assets .10
4.5 Asset management improvement and maturity .11
Bibliography .13
Index . 14

iii
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.
This second edition cancels and replaces the first edition (ISO 55000:2014), which has been technically
revised.
The main changes are as follows:
— the document has been restructured to provide an insight and understanding of asset management
and its principles, its outcomes and benefits, the relationship between asset management, an asset
management system and the assets of an organization, and indicators of asset management maturity;
— the principles of asset management have been revised;
— the outcomes of asset management have been introduced;
— the benefits have been rephrased and extended;
— the explanation of the elements of an asset management system has been deleted;
— the integration of management systems has been introduced;
— the maturity of an asset management organization has been introduced;
— the annexes have been deleted.
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
Introduction
0.1  Purpose
This document provides an overview of asset management, its principles, and the outcomes and expected
benefits from adopting asset management, and introduces the asset management system and relevant
terminology.
This document sets the context for ISO 55001 and ISO 55002, and also later documents in the ISO 55000
family of standards.
0.2  Relationship with other standards in the ISO 55000 family of standards
ISO 55001 specifies requirements for an asset management system. ISO 55002 gives guidance on the design
and application of the asset management system.
This document, ISO 55001 and ISO 55002 can be used in combination with relevant sector-specific or asset-
type-specific standards and technical specifications to achieve the objectives of asset management.
Other standards on asset management developed by ISO/TC 251 can be used in the context established by
this document, ISO 55001 and ISO 55002, including:
— ISO/TS 55010, which provides guidance on aligning financial and non-financial functions in asset
management, and promoting understanding, implementation and improvement of this alignment for
organizational benefits;
— ISO 55011, which offers guidance for developing public policy to promote asset management, focusing
on the external context of organizations responsible for assets, with the aim of creating an enabling
environment through consistent public policy instruments;
— ISO 55012, which focuses on people involvement and competence within an asset management system,
offering guidance to enhance personnel commitment, effectiveness, knowledge and awareness, and
promoting continual improvement;
— ISO 55013, which provides guidance on managing data assets, helping organizations increase and sustain
the usefulness of data assets to meet asset management and organizational objectives.
0.3  Target audience
This document is primarily intended for use by:
— senior executives who wish to adopt asset management and implement an asset management system in
their organization;
— those involved in asset management or intending to become practitioners;
— anyone who would benefit from a short introduction to asset management.

v
International Standard ISO 55000:2024(en)
Asset management — Vocabulary, overview and principles
1 Scope
This document defines terms and establishes principles and outcomes for asset management. It describes:
— the benefits of asset management and an asset management system;
— the relationship between asset management, the asset management system and asset portfolio;
— asset management improvement and maturity.
This document is applicable to all types of assets and all types and sizes of organizations.
This document does not provide financial, accounting, human resources nor technical guidance for managing
specific asset types.
NOTE For the purposes of this document, ISO 55001 and ISO 55002, the term “asset management system” is used
to refer to a management system for asset management.
2 Normative references
There are no normative references in this document.
3 Terms and definitions
ISO and IEC maintain terminology databases for use in standardization at the following addresses:
— ISO Online browsing platform: available at https:// www .iso .org/ obp
— IEC Electropedia: available at https:// www .electropedia .org/
3.1 Terms relating to assets
3.1.1
asset
item, thing or entity that has potential or actual value (3.3.28) to an organization (3.3.1)
Note 1 to entry: Assets can be physical or non-physical.
Note 2 to entry: A grouping of assets referred to as an asset system (3.1.6) can also be considered as an asset.
3.1.2
asset life
period from asset (3.1.1) ideation to asset end of life
Note 1 to entry: “Useful life” is the period over which an asset is capable of fulfilling a purpose to an entity.
Note 2 to entry: Asset life can differ from the period the organization (3.3.1) holds responsibility for the asset.
Note 3 to entry: End-of-life is when the asset can no longer cause any residual obligations.

3.1.3
life cycle
stages of an asset (3.1.1) during its life
Note 1 to entry: Each stage identifies different activities and processes (3.3.10).
Note 2 to entry: The naming of the stages and the activities under each stage can vary in different industry sectors
and is determined by the organization (3.3.1). An example of the naming of the stages is: conception of need, design,
construct, operate and maintain, renew/replace, dispose and extinguishment of liabilities.
Note 3 to entry: The contractual liability of an entity can involve less than one or multiple life cycle stages and may be
shorter than an asset life (3.1.2).
3.1.4
life cycle management
applying asset management (3.2.1) over the life cycle (3.1.3) of assets (3.1.1)
3.1.5
asset type
grouping of assets (3.1.1) having common characteristics that distinguish those assets as a group or class
3.1.6
asset system
set of assets (3.1.1) that interact or are interrelated
3.1.7
asset portfolio
assets (3.1.1) that are within the scope of an asset management system (3.3.5)
Note 1 to entry: A portfolio is typically established and assigned for managerial control purposes.
3.1.8
critical asset
asset (3.1.1) having the potential to significantly impact the achievement of an organization’s (3.3.1)
objectives (3.3.7)
Note 1 to entry: Assets can be safety-critical, environment-critical or performance-critical and can relate to legal,
regulatory or statutory requirements (3.3.16).
Note 2 to entry: Critical assets can refer to those assets necessary to provide services to critical customers.
Note 3 to entry: Asset systems (3.1.6) can be distinguished as being critical in a similar manner to individual assets.
3.1.9
object, noun
anything perceivable or conceivable
Note 1 to entry: An object can be physical (e.g. a pump, a bridge, a building), or non-physical (e.g. a project plan,
copyright, software).
3.1.10
data
facts about an object (3.1.9)
[SOURCE: ISO 9000:2015, 3.8.1]
3.1.11
information
meaningful result of organizing and processing data (3.1.10)
EXAMPLE Make/mod
...


Norme
internationale
ISO 55000
Deuxième édition
Gestion d'actifs — Vocabulaire,
2024-07
aperçu général et principes
Asset management — Vocabulary, overview and principles
Numéro de référence
DOCUMENT PROTÉGÉ PAR COPYRIGHT
© ISO 2024
Tous droits réservés. Sauf prescription différente ou nécessité dans le contexte de sa mise en œuvre, aucune partie de cette
publication ne peut être reproduite ni utilisée sous quelque forme que ce soit et par aucun procédé, électronique ou mécanique,
y compris la photocopie, ou la diffusion sur l’internet ou sur un intranet, sans autorisation écrite préalable. Une autorisation peut
être demandée à l’ISO à l’adresse ci-après ou au comité membre de l’ISO dans le pays du demandeur.
ISO copyright office
Case postale 401 • Ch. de Blandonnet 8
CH-1214 Vernier, Genève
Tél.: +41 22 749 01 11
E-mail: copyright@iso.org
Web: www.iso.org
Publié en Suisse
ii
Sommaire Page
Avant-propos .iv
Introduction .v
1 Domaine d’application . 1
2 Références normatives . 1
3 Termes et définitions . 1
3.1 Termes relatifs aux actifs .1
3.2 Termes relatifs à la gestion d’actifs .3
3.3 Termes relatifs au système de gestion d’actifs .4
4 Aperçu général de la gestion d’actifs . 9
4.1 Généralités .9
4.2 Principes de la gestion d’actifs .9
4.2.1 Généralités .9
4.2.2 Valeur.9
4.2.3 Alignement . .10
4.2.4 Leadership.10
4.3 Résultats et bénéfices d’une gestion d’actifs.10
4.4 Relation entre la gestion d’actifs, le système de gestion d’actifs et les actifs .11
4.5 Amélioration et maturité de la gestion d’actifs . 12
Bibliographie .13
Index . 14

iii
Avant-propos
L’ISO (Organisation internationale de normalisation) est une fédération mondiale d’organismes nationaux
de normalisation (comités membres de l’ISO). L’élaboration des Normes internationales est en général
confiée aux comités techniques de l’ISO. Chaque comité membre intéressé par une étude a le droit de faire
partie du comité technique créé à cet effet. Les organisations internationales, gouvernementales et non
gouvernementales, en liaison avec l’ISO participent également aux travaux. L’ISO collabore étroitement avec
la Commission électrotechnique internationale (IEC) en ce qui concerne la normalisation électrotechnique.
Les procédures utilisées pour élaborer le présent document et celles destinées à sa mise à jour sont
décrites dans les Directives ISO/IEC, Partie 1. Il convient, en particulier, de prendre note des différents
critères d’approbation requis pour les différents types de documents ISO. Le présent document a
été rédigé conformément aux règles de rédaction données dans les Directives ISO/IEC, Partie 2 (voir
www.iso.org/directives).
L’ISO attire l’attention sur le fait que la mise en application du présent document peut entraîner l’utilisation
d’un ou de plusieurs brevets. L’ISO ne prend pas position quant à la preuve, à la validité et à l’applicabilité de
tout droit de brevet revendiqué à cet égard. À la date de publication du présent document, l’ISO n’avait pas
reçu notification qu’un ou plusieurs brevets pouvaient être nécessaires à sa mise en application. Toutefois,
il y a lieu d’avertir les responsables de la mise en application du présent document que des informations
plus récentes sont susceptibles de figurer dans la base de données de brevets, disponible à l’adresse
www.iso.org/brevets. L’ISO ne saurait être tenue pour responsable de ne pas avoir identifié tout ou partie de
tels droits de propriété.
Les appellations commerciales éventuellement mentionnées dans le présent document sont données pour
information, par souci de commodité, à l’intention des utilisateurs et ne sauraient constituer un engagement.
Pour une explication de la nature volontaire des normes, la signification des termes et expressions
spécifiques de l’ISO liés à l’évaluation de la conformité, ou pour toute information au sujet de l’adhésion de
l’ISO aux principes de l’Organisation mondiale du commerce (OMC) concernant les obstacles techniques au
commerce (OTC), voir www.iso.org/avant-propos.
Le présent document a été élaboré par le comité technique ISO/TC 251, Gestion d’actifs.
Cette deuxième édition annule et remplace la première édition (ISO 55000:2014), qui a fait l’objet d’une
révision technique.
Les principales modifications sont les suivantes:
— le présent document a été restructuré pour fournir des informations sur la gestion d’actifs et ses
principes, ses résultats et bénéfices, la relation entre la gestion d’actifs, le système de gestion d’actifs et
les actifs d’un organisme, et les indicateurs de maturité de la gestion d’actifs, ainsi que d’en permettre sa
compréhension;
— les principes de la gestion d’actifs ont été révisés;
— les résultats de la gestion d’actifs ont été introduits;
— les bénéfices ont été reformulés et étendus;
— les explications relatives aux éléments d’un système de gestion d’actifs ont été supprimées;
— l’intégration des systèmes de management a été introduite;
— le thème de la maturité de la gestion d’actifs dans un organisme a été introduit;
— les annexes ont été supprimées.
Il convient que l’utilisateur adresse tout retour d’information ou toute question concernant le présent
document à l’organisme national de normalisation de son pays. Une liste exhaustive desdits organismes se
trouve à l’adresse www.iso.org/fr/members.html.

iv
Introduction
0.1  Objet
Le présent document donne un aperçu général de la gestion d’actifs, de ses principes, des résultats, et des
bénéfices susceptibles d’être obtenus grâce à la mise en œuvre d’une gestion d’actifs, et introduit le système
de gestion d’actifs ainsi que la terminologie pertinente.
Le présent document définit le contexte pour l’ISO 55001 et l’ISO 55002, ainsi que pour les documents
ultérieurs de la famille de normes ISO 55000.
0.2  Relations avec d’autres normes de la famille de normes ISO 55000
L’ISO 55001 spécifie les exigences relatives à un système de gestion d’actifs. L’ISO 55002 donne des
recommandations relatives à la conception et à l’application du système de gestion d’actifs.
Le présent document, l’ISO 55001 et l’ISO 55002 peuvent être utilisés en association avec des normes et
des spécifications techniques pertinentes propres au secteur ou propres à un type d’actif spécifique pour
atteindre les objectifs de gestion d’actifs.
D’autres normes relatives à la gestion d’actifs élaborées par l’ISO/TC 251 peuvent être utilisées dans le
contexte établi par le présent document, l’ISO 55001 et l’ISO 55002, notamment:
— l’ISO/TS 55010, qui fournit des recommandations relatives à l’alignement des fonctions financières et
non financières dans la gestion d’actifs, et à la promotion de la compréhension, de la mise en œuvre et de
l’amélioration de cet alignement pour les bénéfices organisationnels;
— l’ISO 55011, qui propose des recommandations relatives au développement d’une politique publique
visant à promouvoir la gestion d’actifs, en mettant l’accent sur le contexte externe des organismes
responsables des actifs, dans le but de créer un environnement favorable au moyen d’instruments de
politique publique cohérents;
— l’ISO 55012, qui concerne l’implication et les compétences des personnes au sein d’un système de gestion
d’actifs, proposant des recommandations visant à renforcer l’engagement, l’efficacité, les connaissances
et la sensibilisation du personnel, et favorisant l’amélioration continue;
— l’ISO 55013, qui fournit des recommandations relatives à la gestion des données en tant qu’actifs, aidant
les organismes à accroître et maintenir l’utilité des données en tant qu’actifs pour atteindre les objectifs
de gestion d’actifs et les objectifs de l’organisme.
0.3  Public visé
Le présent document est principalement destiné à être utilisé par:
— les cadres supérieures qui souhaitent adopter une gestion d’actifs et mettre en œuvre un système de
gestion d’actifs dans son organisme;
— les personnes impliquées dans la gestion d’actifs ou ayant vocation à devenir praticiens;
— toute personne qui bénéficierait d’une brève introduction à la gestion d’actifs.

v
Norme internationale ISO 55000:2024(fr)
Gestion d'actifs — Vocabulaire, aperçu général et principes
1 Domaine d’application
Le présent document définit les termes et établit les principes et les résultats pour la gestion d’actifs. Il décrit:
— les bénéfices de la gestion d’actifs et d’un système de gestion d’actifs;
— la relation entre la gestion d’actifs, le système de gestion d’actifs et le portefeuille d’actifs;
— l’amélioration et la maturité de la gestion d’actifs.
Le présent document s’applique à tous les types d’actifs ainsi qu’à tous les types et toutes les tailles
d’organismes.
Le présent document ne spécifie pas de recommandations de nature financière, comptable, technique, ou
relatives aux ressources humaines concernant la gestion de types d’actifs spécifiques.
NOTE Pour les besoins du présent document, de l’ISO 55001 et de l’ISO 55002, le terme «système de gestion
d’actifs» est utilisé pour désigner un système de management pour la gestion d’actifs.
2 Références normatives
Le présent document ne contient aucune référence normative.
3 Termes et définitions
L’ISO et l’IEC tiennent à jour des bases de données terminologiques destinées à être utilisées en normalisation,
consultables aux adresses suivantes:
— ISO Online browsing platform: disponible à l’adresse https:// www .iso .org/ obp
— IEC Electropedia: disponible à l’adresse https:// www .electropedia .org/
3.1 Termes relatifs aux actifs
3.1.1
actif
item, chose ou entité qui a une valeur (3.3.28) potentielle ou réelle pour un organisme (3.3.1)
Note 1 à l'article: Les actifs peuvent être physiques ou non physiques.
Note 2 à l'article: Un groupement d’actifs désigné par système d’actifs (3.1.6) peut être également considéré comme un actif.
3.1.2
vie d’un actif
période allant de la conceptualisation d’un actif (3.1.1) à sa fin de vie
Note 1 à l'article: La «vie utile» correspond à la période pendant laquelle un actif est capable de remplir un objectif
pour une entité.
Note 2 à l'article: La vie d’un actif peut différer de la période pendant laquelle l’organisme (3.3.1) assume la
responsabilité de l’actif.
Note 3 à l'article: La fin de vie représente le moment où l’actif ne peut plus entraîner d’obligation résiduelle.

3.1.3
cycle de vie
phases d’un actif (3.1.1) au cours de sa vie
Note 1 à l'article: Chaque phase correspond à différentes activités et différents processus (3.3.10).
Note 2 à l'article: La dénomination des phases et des activités dans le cadre de chaque phase peut varier selon les
différents secteurs industriels et est déterminée par l’organisme (3.3.1). Voici des exemples de dénomination de
phases: définition des besoins, conception, construction, exploitation et maintenance, renouvellement/remplacement,
mise au rebut, et extinction
...


SLOVENSKI STANDARD
oSIST ISO/DIS 55000:2023
01-oktober-2023
Obvladovanje premoženja - Pregled, načela in terminologija
Asset management - Overview, principles and terminology
Gestion d'actifs - Aperçu général, principes et terminologie
Ta slovenski standard je istoveten z: ISO/DIS 55000
ICS:
01.040.03 Storitve. Organizacija Services. Company
podjetja, vodenje in kakovost. organization, management
Uprava. Transport. and quality. Administration.
Sociologija. (Slovarji) Transport. Sociology.
(Vocabularies)
03.100.10 Nabava. Dobava. Logistika Purchasing. Procurement.
Logistics
oSIST ISO/DIS 55000:2023 en
2003-01.Slovenski inštitut za standardizacijo. Razmnoževanje celote ali delov tega standarda ni dovoljeno.

oSIST ISO/DIS 55000:2023
oSIST ISO/DIS 55000:2023
DRAFT INTERNATIONAL STANDARD
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Voting begins on: Voting terminates on:
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Asset management — Overview, principles and
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Gestion d'actifs — Aperçu général, principes et terminologie
ICS: 03.100.01; 01.040.03
THIS DOCUMENT IS A DRAFT CIRCULATED
FOR COMMENT AND APPROVAL. IT IS
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Gestion d'actifs — Aperçu général, principes et terminologie
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STANDARDS MAY ON OCCASION HAVE TO
BE CONSIDERED IN THE LIGHT OF THEIR
CH-1214 Vernier, Geneva
POTENTIAL TO BECOME STANDARDS TO
Phone: +41 22 749 01 11
WHICH REFERENCE MAY BE MADE IN
Reference number
Email: copyright@iso.org
NATIONAL REGULATIONS.
Website: www.iso.org ISO/DIS 55000:2023(E)
RECIPIENTS OF THIS DRAFT ARE INVITED
Published in Switzerland
TO SUBMIT, WITH THEIR COMMENTS,
NOTIFICATION OF ANY RELEVANT PATENT
RIGHTS OF WHICH THEY ARE AWARE AND TO
ii
PROVIDE SUPPORTING DOCUMENTATION. © ISO 2023

oSIST ISO/DIS 55000:2023
oSIST ISO/DIS 55000:2023
ISO/DIS 55000:2023(E)
FOREWORD . 4
INTRODUCTION . 5
0.1. Purpose . 5
0.2. Relationship with other standards . 5
0.3. Target audience . 5
0.4. Further information about ISO/TC 251 and on asset management . 5
1. SCOPE . 6
2. NORMATIVE REFERENCE. 6
3. OVERVIEW OF ASSET MANAGEMENT . 6
3.1. Introduction. 6
3.2. Principles . 6
4. BENEFITS OF ASSET MANAGEMENT . 7
5. MANAGEMENT SYSTEM(S) AND INTEGRATION . 8
5.1. Management systems . 8
5.2. Integrating the organization’s management systems. 8
6. THE RELATIONSHIP BETWEEN ASSETS, ASSET MANAGEMENT AND THE AMS . 9
7. ASSET MANAGEMENT IMPROVEMENT AND MATURITY . 9
8. TERMS AND DEFINITIONS . 10
8.1. Terms relating to assets . 10
8.2. Terms relating to asset management . 12
8.3. Terms relating to asset management system . 13
ANNEX A – ASSET MANAGEMENT AND ITS RELATIONSHIP WITH THE ASSET
MANAGEMENT SYSTEM . 19
BIBLIOGRAPHY . 21
ALPHABETICAL INDEX OF TERMS AND TERM NUMBERS . 23
oSIST ISO/DIS 55000:2023
ISO/DIS 55000:2023(E)
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 documents 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).
Attention is drawn to the possibility that some of the elements of this document may be the subject of
patent rights. ISO shall not be held responsible for identifying any or all such patent rights. Details of
any patent rights identified during the development of the document will be in the Introduction and/or
on the ISO list of patent declarations received (see www.iso.org/patents).
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.
This second edition of ISO 55000 cancels and replaces ISO 55000:2014, which has been technically
revised.
The main changes compared to ISO 55000:2014 are as follows:
— The document is restructured to align with the message it intends to convey; providing insight in
understanding asset management and its principles, its benefits, the development of an asset
management system, the relation between the two and the assets of an organization, and the
different levels of maturity.
— The principles of asset management are evolved and extended.
— The benefits are rephrased and extended.
— The explanation of the elements of an asset management system are removed.
— Maturity of an asset management organization is introduced.
— The annexes are replaced by one Annex A, explaining asset management and its relationship with
the asset management system.
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.
oSIST ISO/DIS 55000:2023
ISO/DIS 55000:2023(E)
Introduction
0.1. Purpose
The purpose of this document is to describe asset management as the coordinated activity of
organizations to realize value from and through assets and to introduce the asset management system.
This document gives the context for the set of asset management standards produced by ISO/TC251.
0.2. Relationship with other standards
ISO 55001 defines requirements for an asset management system. ISO 55002 provides guidance on the
design and operation of an asset management system. ISO 55001, ISO 55002 and this document can be
used in combination with relevant sector or specific asset type-specific standards and technical
specifications to achieve the objectives of asset management.
Other standards in the set of asset management standards produced by ISO/TC251 can be used in the
context established by ISO 55001, ISO 55002, and this document.
0.3. Target audience
This document is primarily intended for use by:
— top management who wish to adopt asset management and implement an asset management
system in their organization;
— those involved in asset management or intending to become practitioners or auditors;
— anyone who wishes to learn more about asset management.
0.4. Further information about ISO/TC 251 and on asset management
ISO/TC 251 is an international technical committee made up of cross-sector experts that created the
current standards and work today to continue improvements for the future. Delegations from more than
35 national standardization bodies contributed to the standards and many stakeholders from various
asset management institutes, councils, and associations continue to participate today.
ISO/TC 251 maintains a website that provides additional information about asset management and on
the products it produces. This can be found at: https://committee.iso.org/home/tc251.
oSIST ISO/DIS 55000:2023
ISO/DIS 55000:2023(E)
Asset management — Overview, Principles and Terminology
1. Scope
This document provides an overview of:
- asset management, its principles and terminology;
- benefits from asset management;
- the asset management system;
- the relationship between asset management the asset management system and assets;
- asset management improvement and maturity.
This document can be applied to all types of assets and by all types and sizes of organizations.
NOTE 1 This document does not provide financial, accounting or technical guidance for managing specific
asset types.
NOTE 2 Throughout the set of asset management standards produced by ISO/TC251, the term “asset
management system” means a management system for asset management (rather than a management system for
assets).
2. Normative reference
There are no normative references for this document.
3. Overview of asset management
3.1. Introduction
Asset management is the coordinated activity of an organization to realize value from its assets; and an
asset is an item, thing or entity that has value, or potential value, to that organization.
Asset management applies across the entire organization at all levels and across all departments. Asset
management is a multi-disciplinary activity and everyone in the organization and its supply chain
should have some understanding of the organization’s purpose, objectives, and the value it seeks.
Long-lived assets may span multiple changes in organizational leadership. So, the realization of value
requires a long-term view and continuity of stewardship, in line with organizational objectives. A long-
term view allows the organization to decide what assets cost and deliver, in the context of the strategic
view derived from organizational objectives.
Effective asset management provides assurance for the achievement of organizational objectives and
realization of organizational sustainability through value preservation and value creation from
investing in, utilizing, caring for, and disposal of assets. Key benefits are described in Clause 4.
3.2. Principles
Principles represent a basic belief, theory or rule that has a major influence on the way something is
done. The following principles, taken together, are a foundation for understanding and implementing
asset management. These asset management principles are enablers and drivers of asset management.
Principles help understand the purposes of asset manageme
...


FINAL DRAFT
International
Standard
ISO/FDIS 55000
ISO/TC 251
Asset management — Vocabulary,
Secretariat: BSI
overview and principles
Voting begins on:
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AND TO PROVIDE SUPPOR TING DOCUMENTATION.
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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 55000:2024(en) © ISO 2024

FINAL DRAFT
ISO/FDIS 55000:2024(en)
International
Standard
ISO/FDIS 55000
ISO/TC 251
Asset management — Vocabulary,
Secretariat: BSI
overview and principles
Voting begins on:
Voting terminates on:
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 55000:2024(en) © ISO 2024

ii
ISO/FDIS 55000:2024(en)
Contents Page
Foreword .iv
Introduction .v
1 Scope . 1
2 Normative references . 1
3 Terms and definitions . 1
3.1 Terms relating to assets .1
3.2 Terms relating to asset management .3
3.3 Terms relating to asset management system .4
4 Overview of asset management . 8
4.1 General .8
4.2 Principles of asset management.9
4.2.1 General .9
4.2.2 Value .9
4.2.3 Alignment .9
4.2.4 Leadership.9
4.3 Outcomes and benefits from asset management .9
4.4 Relationship between asset management, asset management system and assets .10
4.5 Asset management improvement and maturity .11
Bibliography .13
Index . 14

iii
ISO/FDIS 55000:2024(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.
This second edition cancels and replaces the first edition (ISO 55000:2014), which has been technically
revised.
The main changes are as follows:
— the document has been restructured to provide an insight and understanding of asset management
and its principles, its outcomes and benefits, the relationship between asset management, an asset
management system and the assets of an organization, and indicators of asset management maturity;
— the principles of asset management have been revised;
— the outcomes of asset management have been introduced;
— the benefits have been rephrased and extended;
— the explanation of the elements of an asset management system has been deleted;
— the integration of management systems has been introduced;
— the maturity of an asset management organization has been introduced;
— the annexes have been deleted.
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 55000:2024(en)
Introduction
0.1  Purpose
This document provides an overview of asset management, its principles, and the outcomes and expected
benefits from adopting asset management, and introduces the asset management system and relevant
terminology.
This document sets the context for ISO 55001 and ISO 55002, and also later documents in the ISO 55000
family of standards.
0.2  Relationship with other standards in the ISO 55000 family of standards
ISO 55001 specifies requirements for an asset management system. ISO 55002 gives guidance on the design
and application of the asset management system.
This document, ISO 55001 and ISO 55002 can be used in combination with relevant sector-specific or asset-
type-specific standards and technical specifications to achieve the objectives of asset management.
Other standards on asset management developed by ISO/TC 251 can be used in the context established by
this document, ISO 55001 and ISO 55002, including:
— ISO/TS 55010, which provides guidance on aligning financial and non-financial functions in asset
management, and promoting understanding, implementation and improvement of this alignment for
organizational benefits;
— ISO 55011, which offers guidance for developing public policy to promote asset management, focusing
on the external context of organizations responsible for assets, with the aim of creating an enabling
environment through consistent public policy instruments;
— ISO 55012, which focuses on people involvement and competence within an asset management system,
offering guidance to enhance personnel commitment, effectiveness, knowledge and awareness, and
promoting continual improvement;
— ISO 55013, which provides guidance on managing data assets, helping organizations increase and sustain
the usefulness of data assets to meet asset management and organizational objectives.
0.3  Target audience
This document is primarily intended for use by:
— senior executives who wish to adopt asset management and implement an asset management system in
their organization;
— those involved in asset management or intending to become practitioners;
— anyone who would benefit from a short introduction to asset management.

v
FINAL DRAFT International Standard ISO/FDIS 55000:2024(en)
Asset management — Vocabulary, overview and principles
1 Scope
This document defines terms and establishes principles and outcomes for asset management. It describes:
— the benefits of asset management and an asset management system;
— the relationship between asset management, the asset management system and asset portfolio;
— asset management improvement and maturity.
This document is applicable to all types of assets and all types and sizes of organizations.
This document does not provide financial, accounting, human resources nor technical guidance for managing
specific asset types.
NOTE For the purposes of this document, ISO 55001 and ISO 55002, the term “asset management system” is used
to refer to a management system for asset management.
2 Normative references
There are no normative references in this document.
3 Terms and definitions
ISO and IEC maintain terminology databases for use in standardization at the following addresses:
— ISO Online browsing platform: available at https:// www .iso .org/ obp
— IEC Electropedia: available at https:// www .electropedia .org/
3.1 Terms relating to assets
3.1.1
asset
item, thing or entity that has potential or actual value (3.3.28) to an organization (3.3.1)
Note 1 to entry: Assets can be physical or non-physical.
Note 2 to entry: A grouping of assets referred to as an asset system (3.1.6) can also be considered as an asset.
3.1.2
asset life
period from asset (3.1.1) ideation to asset end of life
Note 1 to entry: “Useful life” is the period over which an asset is capable of fulfilling a purpose to an entity.
Note 2 to entry: Asset life can differ from the period the organization (3.3.1) holds responsibility for the asset.
Note 3 to entry: End-of-life is when the asset can no longer cause any residual obligations.

ISO/FDIS 55000:2024(en)
3.1.3
life cycle
stages of an asset (3.1.1) during its life
Note 1 to entry: Each stage identifies different activities and processes (3.3.10).
Note 2 to entry: The naming of the stages and the activities under each stage can vary in different industry sectors
and is determined by the organization (3.3.1). An example of the naming of the stages is: conception of need, design,
construct, operate and maintain, renew/replace, dispose and extinguishment of liabilities.
Note 3 to entry: The contractual liability of an entity can involve less than one or multiple life cycle stages and may be
shorter than an asset life (3.1.2).
3.1.4
life cycle management
applying asset management (3.2.1) over the life cycle (3.1.3) of assets (3.1.1)
3.1.5
asset type
grouping of assets (3.1.1)
...


ISO/FDIS 55000
ISO/TC 251/N828
ISO/TC 251/WG 4
Secretariat: BSI
Date: 2024-03-15
Asset management – Overview, — Vocabulary, overview and
principles and terminology
FDIS stage
ISO/FDIS 55000:2024(en)
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
ii
ISO/DISFDIS 55000:2024(en)
Contents
Foreword . iv
Introduction. vi
1 Scope .1
2 Normative references .1
3 Terms and definitions .1
3.1 Terms relating to assets .1
3.2 Terms relating to asset management .3
3.3 Terms relating to asset management system .4
4 Overview of asset management . 10
4.1 General . 10
4.2 Principles of asset management . 10
4.2.1 General . 10
4.2.2 Value . 10
4.2.3 Alignment . 10
4.2.4 Leadership . 10
4.3 Outcomes and benefits from asset management . 11
4.4 Relationship between asset management, asset management system and assets . 12
4.5 Asset management improvement and maturity . 14
Bibliography . 15
Index . 18

iii
ISO/FDIS 55000:2024(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.
This second edition cancels and replaces the first edition (ISO 55000:2014), which has been technically
revised.
The main changes are as follows:
— the document ishas been restructured to provide an insight and understanding of asset management and
its principles, its outcomes and benefits, the relationrelationship between asset management, an asset
management system and the assets of an organization, and indicators of asset management maturity. The
main changes are as follows;
— the principles of asset management are evolvedhave been revised;
— the outcomes of asset management arehave been introduced;
— the benefits arehave been rephrased and extended;
— the explanation of the elements of an asset management system are removedhas been deleted;
— the integration of management systems ishas been introduced;
— the maturity of an asset management organization ishas been introduced;
— the annexes are removedhave been deleted.
iv
ISO/DISFDIS 55000:2024(en)
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.
v
ISO/FDIS 55000:2024(en)
Introduction
0.1  Purpose
The purpose of thisThis document is to provide provides an overview of asset management, its principles, and
the outcomes and expected benefits from adopting asset management, to introduceand introduces the asset
management system (AMS) and relevant terminology.
ISO 55000 isThis document sets the context for ISO 55001 and ISO 55002, and also later documents withinin
the ISO 55000 suitefamily of standards.
NOTE For the purposes of ISO 55001, ISO 55002 and this International Standard, the term “asset management
system” is used to refer to a management system for asset management.
0.2  Relationship with other standards in the ISO 55000 seriesfamily of standards
ISO 55001 definesspecifies requirements for an asset management system (AMS). ISO 55002 providesgives
guidance on the design and application of an AMS.the asset management system.
This document, ISO 55001, and ISO 55002 and this document can be used in combination with relevant sector-
specific or asset-type-specific standards and technical specifications to achieve the objectives of asset
management.
Other standards in the set of on asset management standards produced developed by ISO/TC251TC 251 can
be used in the context established by this standarddocument, ISO 55001 and ISO 55002., including:
The documents developed within this series include:
— ISO/TS 55010: Provides, which provides guidance on aligning financial and non-financial functions in
asset management, and promoting understanding, implementation, and improvement of this alignment
for organizational benefits.;
— ISO 55011: Offers, which offers guidance for developing public policy to promote asset management,
focusing on the external context of organizations responsible for assets, with the aim of creating an
enabling environment through consistent public policy instruments.;
— ISO 55012: Focuses, which focuses on people involvement and competence within an AMSasset
management system, offering guidance to enhance personnel commitment, effectiveness, knowledge, and
awareness, and promoting continual improvement.;
— ISO 55013: Provides, which provides guidance on managing data assets, helping organizations increase
and sustain the usefulness of data assets to meet asset management and organizational objectives.
0.3  Target audience
This document is primarily intended for use by:
— senior executives who wish to adopt asset management and implement an AMSasset management system
in their organization;
— those involved in asset management or intending to become practitioners;
— anyone who would benefit from a short introduction aboutto asset management.
vi
ISO/FDIS 55000:2024(en)
Asset management — Overview, — Vocabulary, overview and
principles and terminology
1 Scope
This document gives guidance on:
asset management, itsdefines terms and establishes principles and outcomes and terms and definitions; for
asset management. It describes:
— the benefits of asset management and an asset management system (AMS);;
— the relationship between asset management, the AMSasset management system and asset portfolio;
— asset management improvement and maturity.
This document can be appliedis applicable to all types of assets and by all types and sizes of organizations.
NOTE This document does not provide financial, accounting, human resources ornor technical
guidance for managing specific asset types.
NOTE For the purposes of this document, ISO 55001 and ISO 55002, the term “asset management system” is used to
refer to a management system for asset management.
2 Normative referencereferences
There are no normative references forin this document.
3 Terms and definitions
For the purposes of this document, the following terms and definitions apply.
ISO and IEC maintain terminology databases for use in standardization at the following addresses:
— ISO Online browsing platform: available at https://www.iso.org/obp
— IEC Electropedia: available at https://www.electropedia.org/
3.1 Terms relating to assets
3.1.1
asset
item, thing or entity that has potential or actual value (3.3.28) to an organization (3.3.1)
Note 1 to entry: Assets can be physical or non-physical.
Note 2 to entry: A grouping of assets referred to as an asset system (3.1.6) can also be considered as an asset.
3.1.2
asset life
period from asset (3.1.1) ideation to asset end of life
Note 1 to entry: “Useful life” is the period over which an asset is capable of fulfilling a purpose to an entity.
ISO/FDIS 55000:2024(en)
Note 2 to entry: Asset life can differ from the period the organization (3.3.1) holds responsibility for the asset.
Note 3 to entry: End-of-life is when the asset can no longer cause any residual obligations.
3.1.3
life cycle
stages of an asset (3.1.1) during its life
Note 1 to entry: Each stage identifies different activities and processes (3.3.10).
Note 2 to entry: The naming of the stages and the activities under each stage can vary in different industry sectors and
areis determined by the organization (3.3.1). An example of the naming of the stages is: conception of need, design,
construct, operate and maintain, renew/replace, dispose, and extinguishment of liabilities.
Note 3 to entry: The contractual liability of an entity can involve less than one or multiple life cycle stages and may be
shorter than an asset life (3.1.2).
3.1.4
life cycle management
applying asset management (3.2.1) over the life cycle (3.1.3) of assets (3.1.1)
3.1.5
asset type
grouping of assets (3.1.1(.1)) having common characteristics that distinguish those assets as a group or class
3.1.6
asset system
set of assets (3.1.1(.1)) that interact or are interrelated
3.1.7
asset portfolio
assets (3.1.1(.1)) that are within the scope of thean asset management system (3.3.5)
Note 1 to entry: A portfolio is typically established and assigned for managerial control purposes.
3.1.8
critical asset
asset (3.1.1) having the potential to significantly impact on the achievement of thean organization’s
(3.3.1)objectives (3.3.7)
Note 1 to entry: Assets can be safety-critical, environment-critical or performance-critical (3.3.14) and can relate to legal,
regulatory or
...

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