New global ISO 55000 standards for asset management released

Sponsored by

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

Sponsored by

Did You Like this Article? Get All the Water Industry News Delivered to Your Inbox or Mailbox

Subscribe to one of our magazines or email newsletters today at no cost and receive the latest information.


Cal Water, Badger Meter partner to launch customized Water Focus Report for customers

In an effort to help customers assess their water use and aid in water conservation efforts during the drought, California Water Service has partnered with Badger Meter to send customers an individualized, monthly Water Focus Report for their properties.

WRF launches new project aimed at developing standard method to validate water audits

The Water Research Foundation recently announced that it has launched a new project aimed at developing a standard method to validate water audits and guidance for utilities and governing agencies in implementing a water audit validation program.

Cooling towers market projected to reach $3.25B by 2020, research finds

According to new research, the global cooling towers market is projected to reach $3.25 billion by 2020, signifying a firm compound annual growth rate of 4.90 percent from 2015 to 2020.

Outlook shows investment in technology critical for U.S. water industry

In the 2015 U.S. Water Industry Outlook published by WeiserMazars LLP, one of the key findings shows that investment in technology is critical for the nation's water industry as it strives to address aging infrastructure, reduce operating costs and comply with regulatory issues.




© 2015. PennWell Corporation. All Rights Reserved. PRIVACY POLICY | TERMS AND CONDITIONS