An Asset Management System under ISO 55000 is not a software product or regulation; it is a management system —a structured framework of policies, processes, and responsibilities used to achieve asset management objectives.
A is correct: The standard explicitly states it is not software.
B is correct: ISO 55000 is industry and platform agnostic.
C is correct: The standard provides a documented foundation for good asset management practices.
D is incorrect: ISO 55000 is a voluntary standard, not a regulation.
Exact Extract from ISO 55000:2014, Clause 2.5:
"An asset management system is a set of interrelated or interacting elements of an organization, to establish asset management policy and objectives, and the processes to achieve those objectives. It is not a software system."
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