![]() Leadership – leadership and workplace culture are determinants of realization of value.Alignment – asset management translates organizational objectives into technical and financial decisions and plans.Value – assets exist to provide value to the organization and its stakeholders.General improvements include expanded detailed guidance for every clause of the 55001 requirements document, and clarification of the contribution of each requirement to the four ‘fundamentals’ of asset management: This led TC 251, the technical committee managing the ISO 55000 series, to initiate a complete rewrite of ISO 55002. The original ISO 55000 suite of asset management system standards was launched in 2014 – and the past four years have taught us a lot about how the standards are being implemented and where additional guidance was necessary. The 4 Fundamentals of Asset Management in ISO 55002
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