Pas 55 is a high level guidance defining asset management as systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems. The iso 55000 set of documents is a concept with universal appeal to industry worldwide. Opportunities and challenges for public asset managers conference paper pdf available january 2010 with 3,287 reads how we. Pas 55 asset management standard gives guidance and best practices on developing and implementing what to for asset management. We have found that although there are similarities among all of. Iso 55001 asset management is the new standard which supersedes pas 55. Written by the institute of asset management and published by the british standards institute in the uk, pas 55 is a publicly available specification which lays down a series of requirements for a business to undertake asset management. Implementing pas 55, asset management standard, through. Specification for the optimized management of physical assets.
Pas 55 is structured around the familiar plandocheckact cycle of continual improvement, and introduces the need for a number of essential enablers and controls to ensure alignment, integration and sustainability of efficient and effective asset management activities. Certification to pas 55 or the iso 55001 standard is a common management aim when companies use them. Public asset management framework for local governments. Pdf good asset management is increasingly viewed as normal practice in mature organisations around the world.
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