2016-09-06 S&O Committee - Attachment 1 to Item 2 - Asset Management Roadmap

ISO 55000 and the Road-Map
Development Approach
2.1 Introduction to ISO 55000
ISO 55000 is an International Standard that specifies the requirements for the establishment,
implementation, maintenance and improvement of a management system for asset management. It
consists of three parts, each covered by a separate document:
•   ISO 55000: Asset Management - Overview, Principles and Terminology;
•   ISO 55001: Asset Management - Management Systems - Requirements; and
•   ISO 55002: Asset Management - Management Systems - Guidelines for the Application of ISO
    55001.
The ISO 55000 overview document sets the context for the Standard and outlines the principles and
nomenclature applied within it. The ISO 55001 document provides details of the requirements for
compliance with the standard. It is this document that has been used to guide the Road-Map
development and is the source of the clauses referenced in the Road-Map Initiatives section of this
report. The ISO 55002 document supports the Standard by providing guidance for the application of
an Asset Management System in accordance with ISO 55001.
There are 25 assessable elements that relate to clauses in the standard that, in aggregate, make up
the ISO 55000 Asset Management System. These elements and the Asset Management Framework
are presented in Figure 2-1 below:




Figure 2-1: ISO 55000 Asset Management Elements and Framework




                                     ASSET MANAGEMENT ROAD-MAP REPORT