BS ISO 55002:2014

What is this standard about?

This is the third part of an international series of standards that grew out of the hugely successful PAS 55. It provides guidance for the application of an asset management system in accordance with the requirements of ISO 55001.

Who is this standard for? 

• Any organization looking to effectively manage its assets
• Large and small businesses
• Private and public sector
• Senior management
• Asset managers
• Regulatory industries

Why should you use this standard? 

This series of standards gives guidance and requirements relating to developing and maintaining a long-term asset management system. This incorporates an organization’s mission, values, objectives, business policies and stakeholder requirements. It also seeks to:

• Facilitate the implementation of key principles with clear direction and leadership
• Achieve staff awareness, commitment and cross-functional coordination
• Obtain adequate information and knowledge of asset condition, performance, risks and costs and the interrelationships between these

BS ISO 55002 provides the specific guidelines for the application of this system, in accordance with the principles set out in BS ISO 55000.

NOTE: the other two parts of the series are:

• BS ISO 55000 provides critical overview, concepts and terminology
• BS ISO 55001 specifies the requirements for an effective Asset Management System

What’s changed since the last update?

The BS ISO 55000 series grew out of the hugely successful PAS 55. A free transition guide to help the transfer from PAS 55 to the new BS ISO 55000 series was specifically designed to ease the implementation of the latest international standards.