ISO 55000 (Asset Management)

ISO 55000 is an international standard that provides guidelines for effective asset management—cost-efficiently maintaining and utilizing assets like infrastructure, equipment, or facilities. It helps organizations plan, operate, and monitor assets to maximize value, minimize risks, and ensure sustainability over their lifecycle. Essentially, it offers a structured approach to managing assets to achieve organizational goals while balancing performance, safety, and costs. Adopting ISO 55000 can improve decision-making, reduce unexpected failures, and ensure assets are used responsibly and effectively over time.