New global ISO 55000 standards for asset management released

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DENVER, CO, May 13, 2014 -- A new set of global asset management standards, ISO 55000, has been developed to help organizations improve the management of their assets and enable them to work collectively as a means to more efficiently realize value from their assets -- in turn achieving their organizational objective.

The ISO 55000 Suite of Standards for Asset Management, released in January 2014 by the International Organization for Standardization, provides industries and organizations across business sectors a model management systems framework for asset management.

The Institute of Asset Management is launching the new standards during the Inaugural ISO 55000 Conference, being held in New York on Tuesday, May 13. Asset management experts from CH2M HILL, who played a significant role in developing the guidelines, are attending the inaugural conference and sharing their expertise on the new international series of standards for asset management across a broad range of asset types.

The new global ISO 55000 standards are based on the British Standards Institute document, BSi PAS 55. The first version of PAS 55 was published in 2004 and was subsequently updated in 2008. In an effort to refresh the document with current best practices, representatives from more than 30 countries gathered in London to launch the Advisory Committee in 2010.

Accordingly, CH2M HILL was a key member on the Standards Council of Canada Advisory Committee and shared expertise and best practices learned from using PAS 55 practices on numerous asset management projects for clients in North America since 2007.

See also: "Best Practices: Study Examines Trends in Asset Management"


Headquartered near Denver, Colorado, USA, employee-owned CH2M HILL is a global leader in consulting, design, design-build, operations, and program management for government, civil, industrial and energy clients. The firm’s work is concentrated in the areas of water, transportation, environment, energy, and facilities. For more information, visit

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