ISO 55001:2014 – ISO 55001:2024 – New

4.5 Asset management decision-making and value
4.5 The organisation shall develop…
Note

2024 This new subclause introduces a framework for asset management decision-making, including criteria and methods. This change, compared to the 2014 edition, improves alignment from strategic to operational levels and ensures consistent decision-making to realize asset value while considering context, stakeholder needs, and risks.

Evidence Example

2024 Policies or procedures of how an organisation makes decisions

ISO Artefact

2024 Strategic Asset Management Plan and/or any decision-making artefact the organisation has