ELI5: Explain Like I'm 5

ISO 55000

Okay kiddo, so you know how sometimes grown-ups have important things they need to take care of, like their cars or their houses or their business equipment?

Well, sometimes there are special rules and guidelines they can follow to make sure they take good care of those things and keep them working the best they can.

That's kind of what ISO 55000 is - it's a set of those rules and guidelines that grown-ups can use to take care of important things they own or use, like big machines or buildings or even entire organizations.

The ISO 55000 is like a big book, which tells people what they should do to take care of their things properly. It tells them how to make plans for maintaining and fixing things when they break, and how to budget their money to make sure they can afford to take care of everything.

It's kind of like making a list of chores and things to do each day, so that you don't forget to take care of everything that needs taking care of.

And by following these guidelines, grown-ups can help make sure their things last a long time and work really well, which saves them money and helps keep everything running smoothly.