ISO 55001 Asset Management Systems

Develop an active approach to lifecycle asset management to allow for greater control and mitigation of risks and improved return and performance.

ISO 55001 Asset Management Systems helps organisations manage assets more effectively throughout its lifecycle. It is designed to help implement, manage and improve significant assets so that organisations can realise the value of their assets.

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Meet Compliance Requirements

Demonstrate compliance and enhance your organisational reputation and build transparency, by certifying your asset management system.

Drive Business Improvement

Minimise asset risks through effective governance, understanding and control of assets with a management system that aligns with organisational objectives.

Optimise Asset Performance

Maximise the value and return from assets by considering the lifecycle of the asset from installation, maintenance repair and operation, and decommissioning.

What Is It?

ISO 55001 provides organisations with a systematic approach to asset management.

ISO 55001 specifies the requirements to establish, implement, manage and continually improve an asset management system.

It is based on the high-level structure, Annex-SL, common to all modern management systems standards. This allows for easy integration with existing implemented systems, providing greater control of organisational risks.

It helps organisations manage assets throughout its life-cycle, including the implementation, maintenance, upgrade or expansion of infrastructure, and decommissioning. Complying to the Standard helps ensure a positive ROI from assets, by focussing on supporting organisational objectives.
Scope

ISO 55001 is applicable to all types of assets and organisations of all sizes.

Context of the Organisation

The organisation’s asset management system and strategic asset management plan (SAMP) should be designed in accordance with its context and expectations of stakeholders.

Leadership

The organisation’s leaders must demonstrate their commitment to the success of the asset management system, ensuring that the asset management policy, SAMP and objectives are established, achievable and supported by relevant roles.

Planning

Planning must address risks and opportunities for the asset management system and, establish and achieve asset management objectives throughout the asset life cycle.

Support

The organisation must support the asset management system with the required resources, competent individuals, information and documented information to ensure its success.

Operation

The organisation should plan, implement and control the processes needed to meet requirements, mitigate risks, realise opportunities and achieve the objectives set in the asset management plan(s).

Performance Evaluation

The organisation must evaluate the effectiveness of processes related to the asset management system and determine what continual improvement opportunities or changes are required.

Improvement

ISO 55001 requires a commitment to continual improvement, including correcting nonconformities and establishing preventive actions to avoid potential failures in asset performance.

Next Steps

We can help your organisation to implement or optimise ISO 55001.

Start
Implement
  • Contact SAI Global to discuss requirements, timeframes and costs
  • Perform an optional pre-assessment
  • Perform a gap analysis
    Certify
    • Undertake a Stage 1 audit
    • Complete a detailed Stage 2 audit
    • Upon successful certification, display the ‘Five Ticks’ StandardsMark™
    Maintain
    • Conduct annual Surveillance Audits
    • Recertify to ISO 55001 every three years
    • Establish a continual improvement culture
    Optimise
    • Market for brand and promotional benefits
    • Optimise commercial teams
    • Ensure shareholder and stakeholder awareness

    Contact Us

    Speak to an expert and find out more about how SAI Global Assurance can help you on your way to business excellence.

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