ISO 55000 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management.

ISO 55000 recognizes asset management as a distinct professional discipline complementary to many other professional disciplines such as planning, design, program management, real estate management, facility management, and operations and maintenance management.

ISO 55000 provides a thorough definition of asset management strategy: “documented information that specifies how organizational objectives are to be converted into asset management objectives, the approach for developing asset management plans, and the role of the asset management system in supporting the achievement.