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New ISO 55000 standards for asset management

Oilfield Technology,

CH2M Hill has played a significant role in the development of a new set of global asset management standards, ISO 55000, which are available to help organisations improve the management of their assets and enable them to work collectively to more efficiently realise value from assets, and in turn achieve organisational objectives. The ISO 55000 suite of standards for asset management was release in January by the International Organisation for Standardisation and provides industries and organisations across business sectors with a mode management system framework for asset management.

US launch

The Institute of Asset Management is to launch the new standards in the US during the Inaugural ISO 55000 conference in New York on 13 May. Asset management experts from CH2M Hill will be in attendance to share their expertise on the new international series of standards for asset management across a broad range of asset types.

ISO 55000

The standards are based on the British Standards Institute document, BSi PAS 55, the first version of which was published in 2004 and updates in 2008.


Gareth Lifton, CH2M Hill, Strategic Asset Management Director said, "as an industry leader in asset management, CH2M Hill is proud to sponsor the inaugural conference, and we look forward to contributing to the dialogue on how these standards can be applied broadly to benefit industry. The new standards will help a variety of industry sectors understand what documents, systems, and procedures are needed to effectively manage assets in order to maximise the value of investments."

Adapted from a press release by Claira Lloyd.

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