Correlating the content and context of PAS 55 with the ISO 55000 series

Date
2013-08
Journal Title
Journal ISSN
Volume Title
Publisher
Southern African Institute for Industrial Engineering
Abstract
ENGLISH ABSTRACT: The ISO 55000 series is soon to supersede PAS 55 as the most recognised international standard for asset management. A correlation of the content and context of PAS 55 with the ISO 55000 series is required to assist organisations with the transition. After analysis of the structures, similarities, differences, and omissions of the two standards, a map was created to correlate the summarised content and context. The map established that, although both sets of standards have a similar structural framework, the ISO 55000 series is a more comprehensive and detailed standard, creating a clearer way to implement an asset management system within an organisation.
AFRIKAANSE OPSOMMING: Die ISO 55000 reeks gaan binnekort PAS 55 as die mees erkende internasionale standaard vir batebestuur vervang. ’n Korrelasie van die inhoud en konteks van PAS 55 met dié van die ISO 55000 reeks word vereis om organisasies te help met die oorgang vanaf die PAS 55 na die ISO 55000 raamwerk. Na ’n analise van die strukture, ooreenkomste, verskille, en weglatings van die twee standaarde is ’n kaart geskep om die saamgevatte inhoud en konteks te korreleer. Die kaart bevestig dat, alhoewel beide stelle standaarde ’n soortgelyke strukturele raamwerk het, die ISO 55000 reeks ’n meer omvattende en gedetailleerde standaard en ’n duideliker weg tot die implementering van ’n batebestuurstelsel binne ’n organisasie bied.
Description
CITATION: Van den Honert, A. F., Schoeman, J. S. & Vlok, P. J. 2013. Correlating the content and context of PAS 55 with the ISO 55000 series. South African Journal of Industrial Engineering, 24(2):24-32, doi:10.7166/24-2-585.
The original publication is available at http://sajie.journals.ac.za
Keywords
Assets (Accounting) -- Management -- Standards, ISO 55000 series, PAS 55
Citation
Van den Honert, A. F., Schoeman, J. S. & Vlok, P. J. 2013. Correlating the content and context of PAS 55 with the ISO 55000 series. South African Journal of Industrial Engineering, 24(2):24-32, doi:10.7166/24-2-585.