What is ISO-FDIS 55000:2017?

ISO-FDIS 55000:2017 is an international standard that provides guidelines and best practices for asset management systems. It is a framework designed to help organizations manage their assets efficiently and effectively, ultimately leading to improved performance and value creation.

The Importance of Asset Management

Effective asset management is crucial for organizations, as it allows them to optimize the use of their assets, reduce costs, and minimize risks. ISO-FDIS 55000 sets out a systematic approach to asset management, emphasizing the need for organizations to understand their assets, their value, and how to best utilize and maintain them.

Asset management involves various processes, including asset planning, acquisition, operation, maintenance, disposal, and continuous improvement. ISO-FDIS 55000 emphasizes the importance of aligning asset management with an organization's strategic objectives, ensuring that assets are managed in a way that supports the overall goals of the organization.

The Key Principles of ISO-FDIS 55000

ISO-FDIS 55000 is based on three key principles:

Value: Assets should be managed in a way that maximizes their value to the organization, considering both financial and non-financial benefits.

Alignment: Asset management should be aligned with an organization's objectives and stakeholders' needs, ensuring that assets support the delivery of desired outcomes.

Leadership and Engagement: Effective asset management requires leadership commitment and the involvement of all relevant stakeholders throughout the asset lifecycle.

The Benefits of Implementing ISO-FDIS 55000

Organizations that adopt ISO-FDIS 55000 can enjoy several benefits, including:

Improved asset performance and reliability.

Enhanced decision-making based on accurate asset information.

Increased asset value and return on investment.

Better risk management and compliance with regulatory requirements.

Optimized maintenance strategies and reduced downtime.

Enhanced organizational reputation and stakeholder confidence.

In conclusion, ISO-FDIS 55000 provides organizations with a comprehensive framework for effective asset management. By adopting these guidelines and best practices, organizations can drive better performance, reduce risks, and create long-term value from their assets.