ISO 55000: what is the Asset Management standard and what is it for?

06/05/2025

ISO 55000: What is the International Standard for Asset Management?

In today’s competitive environment, asset management is an essential practice for any organization that wants to maximize returns on its investments and optimize resources. The ISO 55000 series emerged as an international standard that sets guidelines for Enterprise Asset Management (EAM). Its purpose is to help businesses maximize the value of their assets and reduce operational costs.

This article covers not only ISO 55000 but also its complementary standards ISO 55001, ISO 55011, ISO 55012, and ISO 55013. These guidelines are broader and more detailed, offering a comprehensive approach to implementing asset management effectively. Continue reading to understand how these standards can transform your company’s asset management!

What is ISO 55000?

ISO 55000 is an international standard that provides an overview, principles, and terminology related to Enterprise Asset Management (EAM). Launched in 2014, it establishes best practices for EAM. The guideline was derived from PAS 55, a public specification developed by the British Standards Institution (BSI) in 2004. Since then, the regulation has helped businesses adopt systematic and effective asset management practices, whether for physical or non-physical assets.

The primary function of ISO 55000 is to provide a framework for setting strategic guidelines, allowing organizations to maximize the value of their assets. This is achieved while simultaneously reducing operational costs and mitigating risks.

This involves not just asset maintenance, but also planning, monitoring, and optimizing the life cycle of these assets. The ISO 55000 family of standards ensures that assets are aligned with organizational goals, contributing to sustainable growth and operational efficiency.

ISO 55001: Requirements for Asset Management Systems

ISO 55001 complements ISO 55000 by providing the specific requirements for implementing an effective asset management system. This standard offers the necessary operational guidelines to ensure that asset management is carried out in alignment with the company’s strategy, focusing on measurable and sustainable results.

Key Components of ISO 55001:

Strategic Planning: Establishment of SMART goals (Specific, Measurable, Achievable, Realistic, and Time-bound) to align asset management with the organization’s long-term objectives.

Risk and Opportunity Management: Ongoing analysis of risks and opportunities impacting asset management, ensuring proactive treatment of challenges.

Responsibilities and Governance: Clear definition of roles and responsibilities for all involved, from senior management to asset operators, ensuring that all management functions are executed properly.

Monitoring and Continuous Improvement: The ISO 55001 emphasizes the use of metrics and performance indicators to assess asset management effectiveness and promote continuous improvements.

ISO 55001 is crucial for companies aiming to optimize asset management strategically, enhancing availability and operational efficiency.

ISO 55011: Public Policies for Asset Management

ISO 55011 focuses on the role of public policies in strengthening asset management. This standard provides guidance on how governments can create and implement policies that promote efficient asset management across industries and sectors.

Key Aspects of ISO 55011:

Development of Public Policies: The standard offers guidance for governments to create policies that encourage best practices in asset management, ensuring that private sector companies can also benefit from these initiatives.

Sector Integration: ISO 55011 facilitates the integration of asset management strategies in both public and private sectors, creating a more efficient and sustainable environment for asset usage, particularly in large infrastructure projects.

Fostering Sustainability and Innovation: The standard also promotes practices of sustainability and innovation, ensuring that assets are managed in a way that brings long-term benefits to both communities and businesses.

ISO 55012: Competencies and People Involvement in Asset Management

ISO 55012 centers on the management of people and the competencies required for the effective implementation of asset management. The standard emphasizes the importance of team involvement and continuous development of the skills of professionals responsible for managing assets.

Key Aspects of ISO 55012:

Competency Development: The standard emphasizes the need for ongoing training to ensure that professionals managing assets have the necessary knowledge to implement best practices.

Engagement and Collaboration: ISO 55012 encourages the engagement of all stakeholders in asset management, ensuring that teams work collaboratively and align with organizational goals.

Performance Enhancement: The standard advocates for the continuous development of team skills, which contributes to ongoing improvements and optimization of asset management over time.

ISO 55012 is vital for ensuring that organizations have competent and motivated professionals implementing effective asset management.

ISO 55013: Data Management for Efficiency in Asset Management

ISO 55013 addresses the management of data as an essential part of the asset management process. It outlines how data should be collected, analyzed, and used to optimize asset performance and ensure more efficient decision-making.

Key Aspects of ISO 55013:

Data Management and Analysis: The standard sets best practices for data collection and analysis, enabling companies to use this information to make informed decisions about their assets.

Real-Time Monitoring: ISO 55013 encourages organizations to implement systems that provide real-time visibility of asset performance, which facilitates quick adjustments and corrective actions when needed.

System Integration: The standard promotes the integration of data from different sources and systems, creating a unified management system that provides a clear and comprehensive view of assets.

With ISO 55013, companies can ensure that accurate and timely data is used to maximize efficiency and ensure the long-term sustainability of their assets.

How iT.eam Can Help with ISO 55000 Implementation

iT.eam specializes in assisting companies implement ISO 55000, offering strategic consulting and advanced technological solutions, such as the implementation of technical measures through IBM Maximo. This system is a leader in asset management, providing a centralized control point for all types of assets.

Benefits of IBM Maximo:

Real-Time Visibility: Continuous monitoring and real-time data analysis, facilitating quick decision-making.

Full Integration: Integration with other enterprise systems, such as SAP, to ensure efficient and optimized asset management.

Extended Asset Lifespan: Maximizes asset lifespan by reducing maintenance costs and increasing operational efficiency.

ISO 55000 and its complementary standards, such as ISO 55001, ISO 55011, ISO 55012, and ISO 55013, provide a robust framework to ensure effective asset management. By adopting these standards, companies can optimize their assets, improve operational efficiency, and reduce costs.

Our team offers the necessary support to implement these standards effectively. Contact iT.eam specialists today and find out how we can help your company implement asset management according to ISO 55000, with the best tools and practices in the market!