News | May 13, 2014

New Global ISO 55000 Standards For Asset Management Released

CH2M HILL contributes to new standards and guidance documents to help industry sectors improve the management of their assets

CH2M HILL is pleased to have played a significant role in the development of a new set of global asset management standards, ISO 55000, which are available to help organizations improve the management of their assets and enable them to work collectively to more efficiently realize value from their assets, and in turn achieve their organizational objective. The ISO 55000 Suite of Standards for Asset Management, released in January 2014 by the International Organization for Standardization, provides industries and organizations across business sectors a model management systems framework for asset management.

The Institute of Asset Management will launch the new standards in the United States during the Inaugural ISO 55000 Conference, which will be held in New York on May 13. Asset management experts from CH2M HILL will be attending the inaugural conference and sharing their expertise on the new international series of standards for asset management across a broad range of asset types.

“As an industry leader in asset management, CH2M HILL is proud to sponsor the inaugural conference, and we look forward to contributing to the dialogue on how these standards can be applied broadly to benefit industry,” said Gareth Lifton, CH2M HILL’s Strategic Asset Management Director. “The new standards will help a variety of industry sectors understand what documents, systems, and procedures are needed to effectively manage assets in order to maximize the value of investments.”

The new global ISO 55000 standards are based on the British Standards Institute document, BSi PAS 55. The first version of PAS 55 was published in 2004 and was subsequently updated in 2008. In an effort to refresh the document with current best practices, representatives from more than 30 countries gathered in London to launch the Advisory Committee in 2010. CH2M HILL was a key member on the Standards Council of Canada Advisory Committee, and shared expertise and best practices learned from using PAS 55 practices on numerous asset management projects for clients in North America since 2007.

Our expertise has helped organizations responsible for a broad range of asset types, including the water and transportation sectors, build the business case for their asset management programs, reduce the overall cost of ownership of their assets, as well as improve the overall effectiveness and quality of their organizations,” continued Lifton. “A more comprehensive approach to asset management will continue to transform the industry through a proactive, whole of life management approach.”

Headquartered near Denver, Colorado, USA, employee-owned CH2M HILL is a global leader in consulting, design, design-build, operations and program management for government, civil, industrial and energy clients. The firm’s work is concentrated in the areas of water, transportation, environment, nuclear, energy, facilities and urban environments. With US$6.6B in revenue and 26,000 employees, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record and named a leader in sustainable engineering by Verdantix. The firm was named Water Company of the Year at the 2012 Global Water Awards. For more information, visit and