ISO 55001 specifies the requirements for the establishment, implementation, maintenance and improvement of a management system for asset management, referred to as an asset management system.
Formerly known as PAS 55, ISO 55001 can be used by any organization and is primarily intended for use in asset intensive industries and those with critical infrastructure by:
- those involved in the establishment,implementation, maintenance and improvement of an asset management system.
- Internal and external parties to assess the organization’s ability to meet legal, regulatory and contractual requirements and the organization’s own requirements.
- Internal and external parties to assess the organization’s ability to meet legal, regulatory and contractual requirements and the organization’s own requirements.
- The ISO 55001 Asset Management System can be used by any organization with a portfolio of physical or intangible assets to manage. By establishing an asset management policy, companies can define responsibilities, allocate resources, facilitate communications, manage changing portfolios and evaluate performance for continual improvement.