What is ISO 55057: 1998 ?

Title: Understanding ISO 55057: 1998: The Ultimate Guide to Asset Management

In today's fast-paced business environment, maximizing the value of assets is crucial for the success of any organization. To achieve this goal, asset management plans are essential for ensuring that assets are effectively managed throughout their entire lifecycle. Assignment of an asset management system is critical to the success of the organization. ISO 55057: 1998 is an international standard that defines the guidelines for the establishment, implementation, and maintenance of asset management systems within organizations.

Purpose of ISO 55057: 1998:

ISO 55057: 1998 is designed to provide organizations with a framework for establishing and maintaining effective asset management systems. The standard is divided into five parts, each covering a different aspect of asset management. These parts include:

Asset management systems - requirements: This part defines the requirements for an asset management system, including the processes and procedures that must be in place to manage assets effectively.

Asset management systems - guidance: This part provides guidance to organizations on how to establish and implement asset management systems.

Asset management plans - requirements: This part defines the requirements for an asset management plan, including the processes and procedures that must be in place to manage assets throughout their entire lifecycle.

Asset management plans - guidance: This part provides guidance to organizations on how to develop and implement asset management plans.

Review of asset management systems: This part provides guidelines to organizations on how to review and update their asset management systems.

By following the guidelines provided in ISO 55057: 1998, organizations can improve their asset performance, reduce operational risks, and achieve greater returns on investments.

Key Elements of ISO 55057: 1998:

ISO 55057: 1998 is divided into five parts, each covering a different aspect of asset management. These parts include:

Asset management systems - requirements: This part defines the requirements for an asset management system, including the processes and procedures that must be in place to manage assets effectively.

Asset management systems - guidance: This part provides guidance to organizations on how to establish and implement asset management systems.

Asset management plans - requirements: This part defines the requirements for an asset management plan, including the processes and procedures that must be in place to manage assets throughout their entire lifecycle.

Asset management plans - guidance: This part provides guidance to organizations on how to develop and implement asset management plans.

Review of asset management systems: This part provides guidelines to organizations on how to review and update their asset management systems.

ISO 55057: 1998 is designed to help organizations develop and implement effective asset management systems that can help them achieve their goals. By following the guidelines provided in ISO 55057: 1998, organizations can improve their asset performance, reduce operational risks, and achieve greater returns on investments.

Conclusion:

ISO 55057: 1998 is an essential standard for organizations that want to establish and maintain effective asset management systems. By following the guidelines provided in the standard, organizations can improve their asset performance, reduce operational risks, and achieve greater returns on investments.