PAS 55:2008 (available in both English and Spanish versions) was released in December 2008 along with a toolkit for self-assessment against the specification.
[3] The PAS gave guidance and a 28-point requirements checklist of good practices in physical asset management; typically this was relevant to gas, electricity and water utilities, road, air and rail transport systems, public facilities, process, manufacturing, and natural resource industries.
The standard was split into two parts: It was also accompanied by a comprehensive Competencies Framework for asset managers.
After almost four years of development, three international standards (55000/1/2) were launched in London on 5 February 2014:[4] These standards are available in English, French, Spanish, Russian, Chinese, Japanese, Dutch, Swedish, Danish, Portuguese (Brazil) and Portuguese (Portugal), Farsi, Serbian, and Finnish.
[8] This Technical Specification is a guideline enabling organizations to better understand why and how alignment between financial and non-financial functions is important in realizing value from assets.