The ISO 55 00X Asset Management Standard: What is in for Rocket Sciences'?

Asset management (AM) is the core business function of grid-based asset management organizations (GAMO). GAMO are looking for compliance with a new international AM standard (ISO 55 000). Currently, a limited perspective – consisting of New Public Management (NPM) and project management (PM) – provides meaning for the new AM standard. However, the limited perspective is not sufficient in aligning AM / GAMO with energy transition and environmental management successfully. The article is aiming at enabling the ISO AM standard to become a co-creational force in energy transition and environmental management. Based on professional engagement and substantial literature review the article employs â€sreflective practice' and causal loop diagrams to identify and elaborate issues of concern that need to be addressed by an enriched perspective on ISO AM: 1) organizational â€sline of sight' (complement key performance indicators with evidence-based causal relationships), 2) control of work (complement formal institutions with AM professionalism), 3) management accounting (advance decision support for the management of the capex/opex relationship), 4) transition modeling (advance agent-based models of AM), and 5) the sustainable management of the resource soil (assess the ecosystem services/disservices that arise from underground urban space use by GAMO during transition times).

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