ISO 55001:2014 specifies requirements for an asset management system within the context of the organization. Whether the organization is involved on the public or private sector, and whether the assets are physical, financial, human or ‘intangible’, it is good asset management that maximises value-for-money and satisfaction of stakeholder’s expectations.

By implementing ISO 55001 organizations will have better control over daily activities, achieve higher return with their assets, and reduce the total cost of risk.