ISO 55011:2024

Asset management - Guidance for the development of public policy to enable asset management

This document provides guidance to advance the adoption of asset management through public policy, specifically focused on the external context of all organizations that manage assets.

This guidance defines and describes an enabling environment for asset management, and outlines how it can be created, sustained and improved through the use of public policy (see Clause 4).

It outlines how participants in that environment can act and interact with one another to influence the development and deployment of public policies to enable asset management in their countries and jurisdictions (see Annexes A and B).

This document provides a consistent approach (see Annexes C and D) to the development of public policy instruments (see 5.2.1) that enable asset management and help achieve government objectives. These can include implementing a framework of recommended practices for effective public investment (see Table 1), achieving the United Nations Sustainable Development Goals (UN SDGs), and otherwise generating greater value to society.