What does ISO 55002 provide?

• A. Definitions for asset management
• B. Guidance for the application of an asset management system
• C. What is asset management in ISO 55000?
• D. Requirements for an asset management system

Answer: (B)

ISO 55002 provides guidance for applying an asset management system. It serves as practical help to implement, operate, and improve the system described by the asset management standard, translating the requirements into actionable approaches, considerations, and example methods that organizations can adapt to their context. This guidance complements the formal requirements in ISO 55001 by showing how to interpret and put them into practice, including how to plan, deploy, monitor, and continually improve asset management activities across the asset lifecycle. It does not define asset management terminology (that’s covered in ISO 55000) nor establish the required criteria itself (that’s ISO 55001); instead, it shows how to apply the established concepts and structure in real-world settings.