ISO 55000 is based on four fundamentals:
- "Value: Assets exist to provide value to the organization and its stakeholders."
- "Alignment: Asset management translates the organizational objectives into technical and financial decisions, plans and activities."
- "Leadership: Leadershio and workplace culture are determinants of realization of value."
- "Assurance: Asset Management gives assurance that assets will fulfil their required purpose."
Source: ISO 5500:2014(E), published by ISO, Geneve