asset management

coordinated activity of an organization to realize value from assets Note 1 to entry: Realization of value will normally involve a balancing of costs, risks, opportunities and performance benefits.Note 2 to entry: Activity can also refer to the application of the elements of the asset management system.Note 3 to entry: The term “activity” has a […]

BS EN ISO 19650-3:2020

Organization and digitization of information about buildings and civil engineering works, including building information modelling (BIM) – Information management using building information modelling Part 3: Operational phase of the assets

Asset Information Model (AIM)

The Asset Information Model or AIM is a term used to define the set of information gathered from all sources that support the continuing management of an asset

Operations and Maintenance (O&M)

Describes the functions, duties, and labour associated with the operations of an asset, including repairs, replacement of parts and structural components, and other activities needed to maintain an asset.

Project Information Model (PIM)

It is a term introduced in PAS 1192‑2: 2013 and ISO 19650 set of standards. It means any graphical or non-graphical information such as: Structured information, i.e.: schedules, costing and databases Unstructured, i.e.: method of construction, performance requirements, details of installed systems, components and equipment, maintenance requirements, video clips and sound recordings. Geometrical information i.e. […]


results to be achieved The objective can be strategic or operational; it can relate to different disciplines such as financial, health and safety, or environmental. The targeted results can be strategic, organisation or, project-wide, or relate to a product or process The intended outcome can be expressed as a purpose, an operational principle, or asset […]


An asset is anything that has potential or actual value, whether a resource or a value that can be converted into capital. An organisation or individual expects the asset to provide future benefits to its employees, customers, or environment. In AEC Industry ‘asset’ is often interchangeable with a built asset. In the context of BS […]

BS ISO 55000:2014

Asset management Overview principles and terminology The ISO 55000 standard integrates with other essential management systems by outlining definitions and terminologies for asset management. Published under the International Organization for Standardization of Management Systems (ISO) standards, it contains technical specifications and a set of guidelines for its use. It is the first management system standard […]

BS 8536-1:2015

Briefing for design and construction Part 1: Code of practice for facilities management (Buildings infrastructure)

BS 8536-2:2016

Briefing for design and constructionPart 2: Code of practice for asset management (Linear and geographical infrastructure)