PAS 55 Asset Management

PAS 55 defines asset management. The internationally recognised specification outlines best practice for managing your assets in line with the rest of your business. PAS 55 provides clear guidance on building an asset management system that brings strategy and day-to-day action together, allowing you to run a more efficient business.  

Want to know more?

The specification applies to any organisation where physical assets are central to your business – it has been adopted by many industries worldwide, including utilities, mining and manufacturing. PAS 55 is divided into two parts: part 1 provides specifications for managing physical assets; and part 2 gives guidance on applying the specification to your business. It was first published in 2003 and developed by 50 organisations from 15 different industries. It was revised in 2008 and is now being used as the basis for a new series of ISO 55000 Asset Management standards.

What are the benefits of PAS 55?

  • Use the 28-point checklist to for better overall long-term planning
  • Monitor and improve the way you manage your physical assets
  • Achieve legal and regulatory compliance and better customer services
  • Enjoy increased support for risk and sustainability management
  • Prepare for the full lifecycle with more control over costs 

Why choose BSI?

We pioneered standards more than 100 years ago and today we are the market leader. We help over 65,000 organisations to stand out from their competitors, ranging from top global brands to ambitious SMEs in 150 countries. As one of the few organisations with a thorough understanding of standards, we do not only assess how well you meet the standards, but also create new standards and offer global training to your teams in using them to enhance performance. Our knowledge can transform your organisation.