ISO/TS 55010:2019
Asset management — Guidance on the alignment of financial and non-financial functions in asset management
This document gives guidelines for the alignment between financial and non-financial asset management functions, in order to improve internal control as part of an organization's management system. Alignment of these functions will enable the realization of value derived from the implementation of asset management detailed within ISO 55000, ISO 55001 and ISO 55002, particularly ISO 55002:2018, Annex F.
The guidance in this document is consistent with the requirements of ISO 55001 for an asset management system but does not add new requirements to ISO 55001 or provide interpretations of the requirements of ISO 55001.
For an example of an organization aligning its asset management functions, see Annex F.
| Get this standard | Prices exclude GST | |
|---|---|---|
| PDF ( Single user document) |
$118.26 NZD
|
|
| HardCopy |
$152.17 NZD
|
|
| Networkable PDF |
Price varies
|
Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 Why alignment between financial and non-financial functions is important
4.1 General
4.2 Benefits of alignment
5 Enablers for alignment
5.1 General
5.2 Processes, leadership and governance
5.2.1 Processes
5.2.2 Leadership
5.2.3 Governance
5.3 Policy, strategy, data and information
5.3.1 Asset management policy support
5.3.2 Strategic asset management plan support
5.3.3 Data and information
5.4 Non-financial functions in asset management
5.5 Terminology for financial and non-financial alignment
6 How to achieve system alignment
6.1 General
6.2 Information systems
6.3 Data management
7 How to achieve asset-register-related alignment
7.1 General
7.2 Financial asset registers
7.3 Non-financial asset registers
7.4 Asset register alignment
8 Financial planning for asset management
8.1 General
8.2 Capital investment planning
8.3 Long-term financial planning
8.4 Budgeting
9 Performance management
9.1 General
9.2 Performance measurement
9.3 Performance reporting
9.4 Financial reporting in asset management
Annex A (informative) Guidance on capital investment planning
Annex B (informative) Guidance on long-term financial planning
Annex C (informative) External financial reporting standards and principles
Annex D (informative) Financial accounting functions for financial reporting
Annex E (informative) Non-financial functions in asset management
Annex F (informative) Implementation example
Annex G (informative) Cost input to pricing for product or service
Bibliography
Keep me up-to-date
Sign up to receive updates when there are changes to this standard
Related Information
Similar Standards
-
AS/NZS 5050(Int):2020
Managing disruption-related risk -
AS/NZS IEC 31010:2020
Risk management - Risk assessment techniques -
AS/NZS IEC 31010:2020 A1
Risk management - Risk assessment techniques
-
AS/NZS IEC 62198:2015
Managing risk in projects - Application guidelines
Foreword
Introduction
1 Scope
2 Normative references
3 Terms and definitions
4 Why alignment between financial and non-financial functions is important
4.1 General
4.2 Benefits of alignment
5 Enablers for alignment
5.1 General
5.2 Processes, leadership and governance
5.2.1 Processes
5.2.2 Leadership
5.2.3 Governance
5.3 Policy, strategy, data and information
5.3.1 Asset management policy support
5.3.2 Strategic asset management plan support
5.3.3 Data and information
5.4 Non-financial functions in asset management
5.5 Terminology for financial and non-financial alignment
6 How to achieve system alignment
6.1 General
6.2 Information systems
6.3 Data management
7 How to achieve asset-register-related alignment
7.1 General
7.2 Financial asset registers
7.3 Non-financial asset registers
7.4 Asset register alignment
8 Financial planning for asset management
8.1 General
8.2 Capital investment planning
8.3 Long-term financial planning
8.4 Budgeting
9 Performance management
9.1 General
9.2 Performance measurement
9.3 Performance reporting
9.4 Financial reporting in asset management
Annex A (informative) Guidance on capital investment planning
Annex B (informative) Guidance on long-term financial planning
Annex C (informative) External financial reporting standards and principles
Annex D (informative) Financial accounting functions for financial reporting
Annex E (informative) Non-financial functions in asset management
Annex F (informative) Implementation example
Annex G (informative) Cost input to pricing for product or service
Bibliography