This document discusses ISO 55000:2014, an international standard for asset management. It provides context for ISO 55001 and ISO 55002. The standard is intended to help organizations improve value realization from assets and establish effective asset management systems. It discusses key asset management concepts like value alignment, leadership, and assurance. The document also summarizes the main clauses of ISO 55000:2014, which establish requirements for asset management system context, leadership, planning, support, operation, performance evaluation, and improvement.

1. A S S E T M A N A G E M E N T S Y S T E M
F O R M O R E Q U E S T I O N S P L E A S E M A I L M E A T A N W A R R O S E 1 6 @ G M A I L . C O M
ISO 55000:2014

2. ISO 55000:2014
• An asset is an item, thing or entity that has potential or
actual value to an organization.
• This standard provides the context for ISO 55001 and
ISO 55002.
• This International Standard is primarily intended for use
by:
— those considering how to improve the realization of value for
their organization from their asset base
— those involved in the establishment, implementation,
maintenance and improvement of an asset management
system
— those involved in the planning, design, implementation and
review of asset management activities; along with service
providers.

3. BENEFITS
• Improved financial Performance
• Informed Asset Investment Decision
• Managed Risk
• Improved Services and Outputs
• Demonstrated social responsibility
• Demonstrated compliance
• Enhanced Reputation
• Improved organizational sustainability
• Improved Efficiency and Effectiveness

4. ASSET MANAGEMENT FUNDAMENTALS
Value Alignment Leadership Assurance

5. RELATIONSHIP BETWEEN ASSET MANAGEMENT
SYSTEM AND ASSET MANAGEMENT
MANAGING THE
ORGANISATION
ASSEST MANAGEMENT
ASSEST MANAGEMENT
SYSTEM
ASSET PORTFOLIO
• Realise Value of Assets
• Interrelated and interacting
elements (Policy,
Objectives, Processes)
• Assets which are under
scope of Asset
management system

6. ISO 5000:2014- CLAUSES SUMMARY
• 2.5.3.1- General
• Context of the organization (ISO 55001:2014, Clause 4);
• Leadership (ISO 55001:2014, Clause 5);
• Planning (ISO 55001:2014, Clause 6);
• Support (ISO 55001:2014, Clause 7);
• Operation (ISO 55001:2014, Clause 8);
• Performance evaluation (ISO 55001:2014, Clause 9);
• Improvement (ISO 55001:2014, Clause 10).
• 2.5.3.2-Contect of Organisation
• 2.5.3.3- Leadership
• 2.5.3.4- Planning
• 2.5.3.5- Support
• 2.5.3.6- Operation
• 2.5.3.7- Performance Evaluation
• 2.5.3.8- Improvement