Based on ISO 55000 regarding asset management system, which of the following statements is false?

An Asset Management System under ISO 55000 is not a software product or regulation; it is a management system —a structured framework of policies, processes, and responsibilities used to achieve asset management objectives.

A is correct: The standard explicitly states it is not software.

B is correct: ISO 55000 is industry and platform agnostic.

C is correct: The standard provides a documented foundation for good asset management practices.

D is 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."