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Asset management standards due

The International Organization of Standardization (ISO) says the need for global guidance globally drove it to develop an asset management suite of new standards, due for publication this month, based on the PAS 55 Asset Management specifications sponsored by the Institute of Asset Management.

The international standard suite will comprise three documents which can be used by organisations of all sizes and sectors: ‘ISO 55000 Asset Management – Overview, principles and terminology’; ‘ISO 55001 Asset Management – Requirements’, and ‘ISO 55002 Asset Management – Guidelines on the application of ISO 55001’.

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