IEC 63223-2:2026 pdf download,Management of network assets in power systems – Part 2: Risk-informed decision-making process.
IEC 63223-2:2026 describes a risk-informed decision-making (RIDM) process for managing existing network assets in power systems. It provides requirements, recommendations, and examples to help asset owners, managers, and risk stakeholders make investment and maintenance decisions that are transparent, consistent, and traceable. The standard guides users in defining the RIDM context based on asset-management objectives, available knowledge, and stakeholder concerns; selecting appropriate risk management strategies and supporting knowledge for analysis; performing risk analyses and justifying decisions using suitable methods; and communicating key information, warnings, and decision-relevant outputs to decision-makers. It also addresses performance evaluation and continuous improvement so the process can mature over time. Built on asset-management principles from ISO 55000 and aligned with ISO 55001, it supports better prioritization of actions across the asset lifecycle