BS PAS 55-1:2008 specifies the requirements for an asset management system for the management of physical assets and asset systems over their life cycles. The management of physical assets is, however, inextricably linked to the management of other asset types (see Figure 2) and these other asset types are considered within the asset management system insofar as they have a direct impact on the management of physical assets.

NOTE For example, the optimal life cycle management of physical assets is heavily dependent upon information and knowledge, human assets and financial resources, and often has a significant impact on reputation and customer satisfaction.

BS PAS 55-1:2008 is applicable to all sizes of business, from small to medium enterprises through to multinationals, and to any organization that wishes to:

a) establish an asset management system to optimally and sustainably manage its physical assets over their life cycles or over a defined long-term period;

NOTE There may be an organizational need to manage asset systems optimally for an indefinite period into the future i.e. in perpetuity, in which case the defined longterm period should align with the time horizon of the organizational strategic plan and should include the life cycles of critical assets.

b) implement, maintain and improve an asset management system;

c) assure itself of its compliance with its stated asset management policy and strategy;

d) demonstrate such compliance to others;

e) seek certification/registration of its asset management system by an external organization;

f) make a self-determination and self-declaration of compliance with BS PAS 55-1:2008.



Cross References:
PAS 99:2006
BS 8900:2006
BS EN ISO 9000:2005
BS EN ISO 9001:2000
BS EN ISO 14001:2004
BS OHSAS 18001:2007
ISO Guide 72:2001
PD ISO/IEC Guide 73:2002
BS 3811:1993
BS 3843-1:1992
BS 3843-2:1992
BS 3843-3:1992
BS 25999-1:2006
BS 25999-2:2007
BS EN ISO 9004:2000
ISO/IEC 15288:2002
OHSAS 18002:2000


Replaces PAS 55-1:2003 which remains current until March 2010.

All current amendments available at time of purchase are included with the purchase of this document.