Guide for Outsourcing Asset Management Activities

This guide serves as a resource for organizations considering the outsourcing of asset management activities, developed under the Dutch standards committee on Asset Management. It is aligned with the ISO 55000 series, particularly ISO 55001, which outlines the requirements for an effective asset management system. The guide addresses the importance of making informed decisions about whether to retain asset management activities in-house or to outsource them. It provides a framework for establishing agreements between clients and contractors, emphasizing the need for mutual understanding and coordination. The document outlines various reasons for outsourcing, including cost-effectiveness and the need for specialized expertise, as well as reasons for retaining activities in-house, such as strategic importance and internal capability. Additionally, it discusses the requirements set forth in ISO 55001 regarding outsourcing and presents a decision-making framework to assist organizations in evaluating their options. The guide aims to facilitate sound decision-making and effective collaboration in asset management.