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PAS 55/ISO 55000

Maximising the lifecycle of your assets

Summary

PAS 55:2008 is the international reference standard for the optimal management of physical assets, providing the definition of good practice in the whole-life management of assets. It applies to any organisation, public or private, regulated or non-regulated, that has a high dependency on physical infrastructure or equipment.

PAS 55 provides objectivity across 28 aspects of good asset management, from lifecycle strategy to everyday maintenance (cost/risk/performance). It enables the integration of all aspects of the asset lifecycle, from the first recognition of a need to design, acquisition, construction, commissioning, utilisation or operation, maintenance, renewal, modification and/or ultimate disposal.

Benefits

  • Enhanced customer satisfaction from improved performance and control of service delivery
  • The ability to achieve and demonstrate value for money
  • Improved risk management and corporate governance with a clear audit trail
  • Optimised return on investment and/or growth
  • Improved health, safety and environmental performance
  • Improved corporate reputation, including enhanced shareholder value, greater staff satisfaction and more efficient procurement and supply chain
  • Provides a common language between asset managers and finance. It defines the integrated approach required to meet conflicting stakeholder demands, achieve best value-for-money and deliver significant performance improvements

Linked Services

EIME: Lifecycle Assessment Software
Ecodesign and Product Environmental Lifecycle Assessment

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