From 10 to 14 October 2011, the second formal meeting of ISO Working Group PC251was held in Arlington, Virginia, USA. This ISO working group is developing a new standard in the field of asset management, ISO 55000.
Reviewing earlier drafts made a number of issues clear. These were discussed during the meeting. Thereupon, various work groups continued working on the development of the standard. The primary issues were:
- Scope of the standard: all asset types or physical assets only;
- Relationship between strategy, policy and objectives;
- The asset life cycle and particularly the period over which the organisation is responsible for the assets;
- Differences in interpretation between “asset”, “asset management” and “asset management system”;
- Integration of financial aspects.
By the end of the meeting, all three parts of this standard were fit to continue as “Committee Drafts”.