Basic Description
Assets that are within the scope of the asset management system; Relating to ISO 55000. Asset portfolio includes the functional hierarchy and criticality ranking.
The concept of an asset portfolio is fundamental to the effective management of assets within an organization. According to ISO 55000, asset management refers to the coordinated activity of an organization to realize value from assets. In this context, the asset portfolio represents the collection of all assets that an organization manages, including physical, intangible, and financial assets. Managing the asset portfolio effectively is crucial for aligning asset-related activities with organizational objectives and optimizing the performance, risks, and costs associated with the assets.