Asset Management Consulting (ISO 55000) 

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The ISO 55000 series of Asset Management standards, launched in January 2014, establishes a global standard for asset management systems. These new ISO standards enable organizations to achieve their objectives through the effective and efficient management of their assets: 

  • ISO 55000: An overview of the subject of asset management and the standard terms and definitions
  • ISO 55001: The requirements specification for an integrated, effective management system for asset management.
    This standard describes the four documents of an asset management system:
    • Asset management policy
    • Asset management objectives
    • Asset management strategy
    • Asset management plans
  • IS0 55002: Guidance for implementing an asset management system

Life Cycle Consulting offers a full range of services for companies interested in implementing ISO 55000:

  • Gap assessments and scoring
  • Implementation master plans
  • Asset management capability development
  • Asset performance framework models

A note on ISO 55000 certification

The decision to seek formal certification to the ISO 55000 standard should be based upon a compelling business case. The standard’s key asset management concepts are foundational to an effective asset management system and can be implemented without necessarily pursuing formal certification. Many companies are deciding to improve how they manage assets in order to achieve the performance gains, while postponing the compliance decision. 

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