Short description
The principal purpose of the present standard is to harmonise and to bring forward the understanding of PAM for users and providers in the process industry. This standard mainly deals with assets (operating facilities) of the process industry. The manufacturing industry is not considered here, yet, discrete manufacturing processes as packaging lines in the pharmaceutical production are thoroughly included. Subsequently, the term "asset management" and its application will be delineated from other contexts, e.g. property management or investment banking.