ISO 55002:2014 is an international standard that provides detailed guidance for applying the asset‑management system requirements set out in ISO 55001. It is intended for any organization, regardless of size or asset type, that wishes to establish, implement, maintain, and continually improve an asset‑management system (AMS). The document clarifies the intent of each ISO 55001 clause, supplies illustrative examples, and offers practical advice on how to integrate asset‑management activities with other management systems (e.g., quality, safety, environmental). Key areas covered include: 1. Scope and applicability – the standard applies to all physical assets and can be extended to non‑physical assets. 2. Context of the organization – understanding internal and external issues, stakeholder needs, and defining the AMS scope. 3. Leadership and commitment – top‑management responsibilities, policy formulation, and role definition. 4. Planning – risk and opportunity management, setting SMART asset‑management objectives, and developing strategic and operational asset‑management plans (SAMP and asset‑management plans). 5. Support – resources, competence, awareness, communication, and information/documentation requirements. 6. Operation – operational planning and control, management of change, and outsourcing of asset‑management activities. 7. Performance evaluation – monitoring, measurement, analysis, internal audit, and management review. 8. Improvement – handling non‑conformities, corrective and preventive actions, and continual improvement processes. The standard also includes two informative annexes: Annex A lists related asset‑management subject areas and standards; Annex B illustrates the relationship between key AMS elements. Throughout, the tone is formal and technical, providing neutral, supportive guidance to help organizations achieve the minimum ISO 55001 compliance and move beyond it toward effective, value‑driven asset management.
Topics
Scope and Universal Applicability of ISO 55002
Defines the standard’s purpose, the range of assets it covers, and clarifies that it does not give asset‑type‑specific technical guidance.