sst mngmnt s systmtc pprch t th gvrnnc nd rlztn f ll vl fr whch grp r ntty s rspnsbl. t my pply bth t tngbl ssts (physcl bjcts sch s cmplx prcss r mnfctrng plnts, nfrstrctr, bldngs r qpmnt) nd t ntngbl ssts (sch s ntllctl prprty, gdwll r fnncl ssts). sst mngmnt s systmtc prcss f dvlpng, prtng, mntnng, pgrdng, nd dspsng f ssts n th mst cst-ffctv mnnr (ncldng ll csts, rsks, nd prfrmnc ttrbts).
Thry f sst mngmnt prmrly dls wth th prdc mttr f mprvng, mntnng r n thr crcmstncs ssrng th cnmc nd cptl vl f n sst vr tm. Th trm s cmmnly sd n ngnrng, th bsnss wrld, nd pblc nfrstrctr sctrs t nsr crdntd pprch t th ptmztn f csts, rsks, srvc/prfrmnc, nd sstnblty. Th trm hs trdtnlly bn sd n th fnncl sctr t dscrb ppl nd cmpns wh mng nvstmnts n bhlf f thrs. Ths ncld, fr xmpl, nvstmnt mngrs wh mng th ssts f pnsn fnd.
Th S 55000 srs f stndrds, dvlpd by S TC 251, r th ntrntnl stndrds fr sst Mngmnt. S 55000 prvds n ntrdctn nd rqrmnts spcfctn fr mngmnt systm fr sst mngmnt. Th S 55000 stndrd dfns n sst s n "tm, thng r ntty tht hs ptntl r ctl vl t n rgnztn". S 55001 spcfs rqrmnts fr n sst mngmnt systm wthn th cntxt f th rgnztn, nd S 55002 gvs gdlns fr th pplctn f n sst mngmnt systm, n ccrdnc wth th rqrmnts f S 55001.