This International Standard specifies the requirements for an asset management system in the context of an organization. This international standard can be applied to all types of assets and to all types and sizes of organizations.

NOTE 1 This International Standard is intended to be used specifically for the management of physical assets, but may also be applied to other types of assets.

NOTE 2 This International Standard does not specify financial, accounting or technical requirements for the management of certain types of assets.

NOTE 3 For the purposes of ISO 55000, ISO 55002 and this International Standard, the term “asset management system” is used to refer to the management system for asset management.