AM 101 provides an introduction to Asset Management principles and concepts. Over the last few years, the challenges of managing physical assets have grown. Asset-intensive companies are faced with aging assets, hyper-competitive markets, change-resistive culture, unpreparedness for digital-ready world, climate change, and ever-tightening constraints on funding. Today’s asset managers must integrate asset, business, and risk management principles to strategically manage their organization’s assets. The modern asset manager focuses on multi-dimensional business processes that harmonize asset information across organizational silos to make financially optimized asset management decisions. The ISO 5500x family of standards provides guidelines for organizations to develop sustainable asset management approaches and be able to respond appropriately to constraints and opportunities within their operating contexts.