Asset management is based on the ISO 55000 series of international standards, with organizational strategy as the center, focusing on key asset management, through strategic asset management plans and asset management decision-making criteria, taking into account the organizations short-term interests and long-term benefits, balancing costs, risks and performance, helping the organization to achieve profit-centered and maximize asset value.

The standard is applicable to organizations of all types and sizes, especially asset-intensive industries, such as utilities, ports, power generation and supply, petrochemicals, railway, road and rail transit systems, property management, airports, and manufacturing companies.