Organizations want to deliver more for less, thus they could establish, implement, maintain and continually improve an asset management system, in line with the requirements of the international standards to achieve their objectives. Implementing ISO55000 can add significant advantages to any organization by increasing the asset’s uptime, and reducing maintenance costs. This paper discusses the challenges faced in implementing the requirements of ISO 55000 through a case study. The case study considers the maintenance department of an educational institute in United Arab Emirates, which is responsible for all assets and their maintenance at the institute’s main campus. The results of the study indicate that with the current situation, the institute needs a lot of changes and efforts in order to satisfy the requirements of ISO55000.