ASTM Asset Management Standards
In June 2000, the first tangible step was taken toward achieving a consensus standardization policy for the property industry when Committee E53 on Property Management Systems (now called Committee E53 on Asset Management) was officially organized. Established via a partnership between NPMA and ASTM International, Committee E53 is the official home for the development of management systems criteria, including performance standards, practices, metrics, and methods of effectiveness for the conduct of management and administration activities for durable and movable assets. Specific areas of interest include all aspects of personal property management from determination of needs and initial acquisition through final disposition, including receipt, identification and marking, record keeping, custodial and administrative accountability, reporting, consumption, maintenance, movement, storage, inventory, control, utilization, and disposition.
Committee E53 holds its annual membership meeting in conjunction with the annual NPMA National Education Seminar.
If you would like to review current information about E53 and the list of published standards, please visit their ASTM web page:
ASTM membership for Committee E53 is only $75 per year. Membership within E53 not only provides access to all of the current standards, but also provides the opportunity to participate in the development of international standards with one of the world's largest standards developers. It's a rare opportunity to be at the table with other industry experts discussing the unique world and future of Asset Management. To join your colleagues and participate in E53, please visit:
If you want access to the latest Asset Management Standards and are unable to participate on the ASTM E53 committee, ASTM has published a Compilation of Asset Management Standards. This is an online annual subscription that provides access to all of the current standards, including revisions and new standards. The cost of the compilation is only $99. This is a deeply discounted price that puts important technical information at your fingertips. The link to the online subscription is: