ServiceGrid · Glossary Definition

Iso 55000

ISO 55000 is the foundational international standard that establishes the principles, terminology, and overview of asset management, defining it as the coordinated activity of an organization to realize value from assets throughout their lifecycle, including financial, safety, environmental, and reputational aspects.

In a CMMS/Asset Reliability context like ServiceGrid, ISO 55000 serves as the strategic framework guiding the configuration of asset data, maintenance history, and performance metrics required to demonstrate conformance with the certifiable ISO 55001 requirements. It shifts maintenance focus from merely managing the physical asset to optimizing the value it provides, requiring the system to capture failure causes to loop back into reliability engineering for continuous improvement. This ensures maintenance plans are connected to business strategy, managing risks and liabilities while delivering organizational value.

Operational Failure Matrix
Hazard LevelOperational Pitfall Description
⚠️ Warning 1Treating ISO 55000 as a Certification Target: Organizations mistakenly attempt to certify against ISO 55000, which is explicitly not a certification standard (only ISO 55001 is certifiable), leading to wasted resources and misaligned implementation goals.
⚠️ Warning 2Isolating Maintenance from Business Value: Failing to connect reliability processes (e.g., root cause analysis, asset criticality) with business strategy, resulting in maintenance plans that optimize equipment uptime without delivering organizational value or managing risks and liabilities.
⚠️ Warning 3Narrow Asset Definition: Limiting the asset register to only physical production assets while excluding tangible value drivers like contracts, licenses, brands, or concession agreements, which ISO 55000 explicitly includes as potential value sources.
Technical FAQs
How does ISO 55000 differ from PAS 55 regarding asset scope?

PAS 55 defined an asset strictly as a physical asset, whereas ISO 55000 broadened the definition to include any entity with potential to add value to the organization, including less tangible items.

What is the relationship between ISO 55000 and Risk Benchmarks?

ISO 55000 mandates the use of risk benchmarks (measurable targets like failure rates, availability, and service performance) to guide asset decisions, distinguishing them from general performance indicators by directly connecting to asset-related risks and reliability outcomes.

Does ISO 55000 specify maintenance execution tactics?

No; the standard defines the management system and principles but does not tell you how to manage or maintain assets; specific asset maintenance plans, information management plans, and health practices must be defined by the individual organization.

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