AnAsset Management Systemunder ISO 55000 is not a software product or regulation; itis amanagement system-a structured framework of policies, processes, and responsibilities used to achieve asset management objectives.
* Ais correct: The standard explicitly states it isnotsoftware.
* Bis correct: ISO 55000 is industry and platform agnostic.
* Cis correct: The standard provides a documented foundation for good asset management practices.
* Dis 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."

Again, the recognized method for risk evaluation aligns with ISO 31000 and ISO 55000:
Risk = Probability × Consequence
This is used across risk matrices, risk registers, and decision frameworks.
Exact Extract from IAM - Risk Management in Asset Management:
"The basic formula for quantifying risk is: Risk = Likelihood × Consequence."