Asset management — Vocabulary, overview and principles
ISO 55000 provides the vocabulary, overview, principles, outcomes, benefits, and management-system context for asset management.
What the authority record establishes
ISO 55000 provides the vocabulary, overview, principles, outcomes, benefits, and management-system context for asset management.
Voluntary unless adopted through policy, contract, law, or another authority
The exact official title, issuing body, jurisdiction, version or application record, and linked source define the scope of this page. Readers should not transfer the authority's status to a commercial product or infer transaction-, patient-, system-, site-, or organization-specific applicability from this summary.
Why it matters to this market
It gives buyers a common language for value, alignment, leadership, assurance, adaptability, sustainability, and maturity without turning software into the asset-management system.
Affected operating stages
- Policy
- Objectives
- Planning
- Lifecycle Decisions
- Assurance
- Improvement
Capabilities to examine
Asset Registry And Hierarchy
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for asset registry and hierarchy.
Asset Criticality And Risk Ranking
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for asset criticality and risk ranking.
Reliability-Centered Maintenance And Strategy
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for reliability-centered maintenance and strategy.
Asset Health And Performance Analytics
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for asset health and performance analytics.
Capital Planning And Asset Investment
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for capital planning and asset investment.
Maintenance Cost And Budget Analysis
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for maintenance cost and budget analysis.
Document Control And Audit Trails
Ask how the system or service identifies the controlling source and version, applies customer-specific interpretation, handles exceptions, preserves human judgment, and retains evidence for document control and audit trails.
Affected buyer audiences
- asset-management leaders
- maintenance and reliability
- finance and capital
- executives
Implementation questions
- Which entities, products, populations, transactions, systems, sites, or jurisdictions are actually within scope?
- What is binding, what is guidance, and what is a technical or consensus standard?
- Which publication, adoption, effective, application, transition, and enforcement dates differ?
- Who owns legal, clinical, quality, regulatory, policy, or operational interpretation?
- How will a source revision affect open work and historical decisions?
Interpretation boundary
ISO 55000 provides concepts and principles; it does not certify products or establish the maturity, value, or reliability of an organization.