July 15, 2020, 12:02 pm

Articles - Asset Management

How to write a Good Asset Management Policy - Implementing ISO 55000

Written by Sandy Dunn.   

One of the core documents required by ISO 55001 – the global standard for Asset Management – is an Asset Management Policy.  In this article, we will discuss the types of things that this policy should contain, how long it should be, and, most importantly, how you should go about developing this for your organisation.


What is ISO 55000? - Implementing ISO 55000

Written by Scott Yates.   

The International Organisation for Standardisation (ISO) released its first series of standards on asset management in January 2014. In our opinion, this was a landmark event in the history of asset management, so we have prepared this article to provide some background on the standards and their implications for the asset management community.


Starting on the Right Foot - Implementing ISO 55000

Written by Jakob Verhoef.   

In this article Jakob Verhoef discusses how to start the ISO 55000 journey on the right foot.         


Video Presentation: Asset Management Fundamentals

Written by Scott Yates.   

Asset Management is based on a set of fundamentals that were agreed during the development of ISO 55000.  They can be applied to any asset-intensive industry, regardless of your stance on the ISO 55000 standards.

Scott Yates, Principal Consultant at Assetivity has published this short video to help you understand the 4 fundamentals of asset management.


What Does a Good Strategic Asset Management Plan Look Like?

Written by Scott Yates.   


One of the most common questions we hear in relation to asset management is some variation of “What should my Strategic Asset Management Plan look like?” We used to hear this in regards to asset management strategies under PAS 55, but the greater visibility and lower levels of prescription in ISO 55000 have clearly created uncertainty regarding the practicalities of how to build this important document. While there is no single “right way” to structure a SAMP, we would like to share our thoughts on how to create a good one that will work for your business.


Video Presentation: Visualising the International Asset Management Standard ISO 55001

Written by Sandy Dunn.   

From January 2015 the International Asset Management standard ISO 55000 will replace the PAS 55 (The British Standards Institute specification for Asset Management). 

The International Asset Management standard ISO 55001 contains a lot of words, and no pictures or graphics. This short 18 minute video explains the key elements of ISO 55001 in a more visual manner, and outlines how they fit together.  It also contains a high level overview of the types of evidence that may be required in order to demonstrate compliance or alignment with each of these elements.

- ISO 55000 - Overview, Principals & Terminology

- ISO 55001 - Management Systems - Requirements

- ISO 55002 - Management Systems - Guidelines for the Application of ISO 55001


Leading an ISO 55000 Implementation: It’s Not What You Do, It’s The Way You Do It

Written by Scott Yates.   

“Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall”— Stephen Covey.

With the ink dry on the ISO 55000 series of standards, asset management is a term of growing importance in many industries. There are significant benefits on the table (see our How Does Asset Management Deliver Value article for more information), but implementation can be a challenge. This paper, written by Scott Yates and Sudarshan Mandloi, explores four key ideas that top management can use to drive the process forward:

  • Be a leader
  • Give direction
  • Allocate resources
  • Reward performance