Courtesy: ISO 55000:2014 Asset management Public asset management Public asset management expands the definition of enterprise asset management (EAM) by incorporating the management of all things of value to a municipal jurisdiction and its citizens’ expectations. An example in which public asset management is used is land-use development and planning. Intellectual and non-physical asset management Increasingly both […]
Category Archives: ISO 55000:2014 Asset management
Courtesy: ISO 55000:2014 Asset management Physical asset management: the practice of managing the entire life cycle (design, construction, commissioning, operating, maintaining, repairing, modifying, replacing, and decommissioning/disposal) of physical and infrastructure assets such as structures, production, and service plant, power, water, and waste treatment facilities, distribution networks, transport systems, buildings, and other physical assets. The increasing […]
Courtesy: ISO 55000:2014 Asset management Financial asset management The most common usage of the term portfolio manager (asset manager) refers to investment management, the sector of the financial services industry that manages investment funds and segregated client accounts. Asset management is part of a financial company that employs experts who manage money and handle the investments of clients. This is done either actively […]
Courtesy: ISO 55000:2014 Asset management ISO 55001Asset management – Management systems – Requirements is a standard developed for the use of people or organizations involved in asset management. This standard was developed by ISO technical committee ISO/TC 251. ISO 55001 was published for the first time in January 2014. ISO 55000:2014 provides an overview of asset management, its principles […]
Courtesy: ISO 55000:2014 Asset management ISO 55000 is an international standard covering management of assets of any kind. Before it, a Publicly Available Specification (PAS 55) was published by the British Standards Institution in 2004 for physical assets. The ISO 55000 series of Asset Management standards was launched in January 2014. History PAS 55 was originally produced in 2004 by a number of […]