PD ISO/TS 55010:2024
Asset management. Guidance on the alignment of financial and non-financial functions in asset management
| Standard number: | PD ISO/TS 55010:2024 |
| Pages: | 70 |
| Released: | 2024-07-17 |
| ISBN: | 978 0 539 19979 6 |
| Status: | Standard |
PD ISO/TS 55010:2024 Asset Management
Guidance on the Alignment of Financial and Non-Financial Functions in Asset Management
Standard Number: PD ISO/TS 55010:2024
Pages: 70
Released: 2024-07-17
ISBN: 978 0 539 19979 6
Status: Standard
Overview
In the ever-evolving landscape of asset management, the alignment of financial and non-financial functions is crucial for achieving optimal performance and sustainability. The PD ISO/TS 55010:2024 standard provides comprehensive guidance on how to effectively integrate these functions, ensuring that organizations can maximize the value derived from their assets.
Key Features
- Comprehensive Guidance: This standard offers detailed instructions on aligning financial and non-financial functions, helping organizations to streamline their asset management processes.
- Expert Insights: Developed by industry experts, the guidance provided in this standard is based on the latest research and best practices in asset management.
- Enhanced Decision-Making: By aligning financial and non-financial functions, organizations can make more informed decisions, leading to improved asset performance and value.
- Improved Sustainability: The standard emphasizes the importance of sustainability in asset management, helping organizations to achieve long-term success.
- Global Relevance: As an internationally recognized standard, PD ISO/TS 55010:2024 is applicable to organizations of all sizes and industries worldwide.
Benefits
Implementing the guidance provided in PD ISO/TS 55010:2024 can offer numerous benefits to organizations, including:
- Increased Efficiency: By aligning financial and non-financial functions, organizations can reduce redundancies and improve the efficiency of their asset management processes.
- Cost Savings: Effective alignment can lead to significant cost savings by optimizing resource allocation and reducing waste.
- Enhanced Performance: Organizations can achieve better asset performance by ensuring that all functions are working towards common goals.
- Risk Mitigation: The standard provides guidance on identifying and mitigating risks associated with asset management, helping organizations to protect their investments.
- Regulatory Compliance: Adhering to this internationally recognized standard can help organizations to meet regulatory requirements and avoid potential penalties.
Who Should Use This Standard?
The PD ISO/TS 55010:2024 standard is designed for a wide range of professionals involved in asset management, including:
- Asset Managers
- Financial Managers
- Operations Managers
- Risk Managers
- Sustainability Officers
- Compliance Officers
- Consultants and Advisors
Table of Contents
The standard is organized into several key sections, each providing valuable insights and guidance:
- Introduction
- Scope
- Normative References
- Terms and Definitions
- Principles of Alignment
- Framework for Alignment
- Implementation Strategies
- Case Studies and Examples
- Conclusion
- Bibliography
Why Choose PD ISO/TS 55010:2024?
The PD ISO/TS 55010:2024 standard stands out as a vital resource for organizations seeking to enhance their asset management practices. Here are some reasons why this standard is a must-have:
- Proven Methodologies: The standard is based on proven methodologies and best practices, ensuring that organizations can achieve tangible results.
- Holistic Approach: It takes a holistic approach to asset management, considering both financial and non-financial aspects to provide a comprehensive solution.
- Scalability: The guidance is scalable, making it suitable for organizations of all sizes, from small businesses to large enterprises.
- Future-Proofing: By emphasizing sustainability and long-term value, the standard helps organizations to future-proof their asset management strategies.
- International Recognition: As an ISO standard, it is recognized and respected globally, providing organizations with a competitive edge.
Conclusion
In today's competitive business environment, effective asset management is more important than ever. The PD ISO/TS 55010:2024 standard offers invaluable guidance on aligning financial and non-financial functions, helping organizations to optimize their asset management processes and achieve long-term success. With its comprehensive coverage, expert insights, and practical implementation strategies, this standard is an essential tool for any organization looking to enhance its asset management practices.
PD ISO/TS 55010:2024
This standard PD ISO/TS 55010:2024 Asset management. Guidance on the alignment of financial and non-financial functions in asset management is classified in these ICS categories:
- 03.100.01 Company organization and management in general