ISO 55000

Humankind has been managing assets since the invention of the first tools. However, the techniques have evolved in line with the complexity of the assets managed, and the criticality of the functions

The need for organizations to consider Environmental, Social, and Governance factors in their decision making has grown exponentially, and culminated with the announcement during the UN’s COP26 summit

Utility asset management practices used to be pretty static: Build the plan, embed the work orders, and put the plan back on the shelf. But today’s environment is more complex and dynamic

The concepts of risk, value, finance, and decision-making can be found in many sections of the ISO 55000 standard.

The implementation of an asset management system can help an organization achieve formal compliance with ISO 55000 and enable the realization of value.

In a world of aging assets and limited financial and human resources, companies often struggle to decide which projects should get the most attention.

The asset management experts from around the world who donate their time to develop ISO standards have been challenged to keep the ball rolling during the pandemic. A key aspect of developing standard

Copperleaf has been selected as a Patron of the Institute of Asset Management and will help shape the direction of the IAM and the development of the asset management discipline.

I recently participated in a webinar on the topic of “Value, Values & Asset Management Decision Making”, alongside Rhys Davies, President of eAsset Management.

Value-based decision making (VDM) is an approach that helps organizations align decisions to realize the most value from their assets.

The past 4 years have taught us a lot about how the original ISO 55000 suite of asset management standards are being implemented and where additional guidance was necessary in creating ISO 55002.