PAS 55 provides detailed guidance and examples of good practice in all facets of acquiring, owning and ultimately disposing of physical assets. A 28-point checklist is included for good practices in life cycle planning, cost/risk optimisation and joined-up thinking, and an extensive glossary of key terms.

Applying PAS 55 can help your organization demonstrate a high level of professionalism in whole life cycle management of its physical assets. Use it to help you: Establish an asset management system to optimally and sustainably manage physical assets; Implement, maintain and improve an asset management system

ISO 55000 is an international standard covering management of assets of any kind. Before it, a Publicly Available Specification (PAS 55) was published by the British Standards Institution in 2004 for physical assets. The ISO 55000 series of Asset Management standards [1][2] was launched in January 2014.

In 2002-2004 the Institute of Asset Management (IAM) in conjunction with British Standards Institution (BSI) developed PAS 55, the first publicly available specification for optimised management of physical assets.

Providing information on ISO 55000 Standards, PAS 55, maturity assessments, classroom courses, online-learning, implementation and strategic asset management planning

Specification for the optimised management of physical infrastructure assets. Part 2 Asset management. Guidelines for the application of PAS 55-1.

PAS 55 is the first British Standards Institution (BSI) Publicly Available Specification (PAS) for optimising physical asset management. It was produced in 2004 and revised in 2008 (PAS 55:2008), under the sponsorship and leadership of the Institute of Asset Management (IAM).

The IAM’s Self-Assessment Methodology+ (SAM+) tool enables organisations in all sectors to measure their capabilities against the requirements of both PAS 55 and ISO 55001, and the 39 subjects of the IAM Conceptual Model, found in the GFMAM Landscape. The Methodology has been developed so that it:

PAS 55-1 is maintained by ZZ/1. The current release of this standard is: PAS 55-1:2008 PAS55:2008-1:2008. Specification for the optimized management of physical assets. This standard is available from the following sources:

PAS 55 helps identify the necessary processes and data requirements to make more effective use of today's IT systems. There are a couple of areas where PAS 55 is pointing at requirements that in practice demands an IT system to support the specification.