ISO 55001:2014 - Asset Management System

ISO 55001 certification is a globally acknowledged benchmark for asset management system (AMS). It offers a structure for companies to enhance their asset management practices, reduce risk, and attain long-term business success. ISO 55001 standard assists organizations in efficiently managing their assets through the establishment of a methodical and proactive approach to asset management, as well as encouraging ongoing improvement in asset management.

ISO 55001 standard was released in january2014 and sets out detailed criteria for implementing, maintaining, and enhancing an asset through an asset management system. ISO 55001 builds upon the successful track record of PAS 55, particularly in the utilities industries. ISO 55001 aims to extend this approach to other sectors, enabling all businesses to reap its benefits.

ISO 55001 Certification, 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.

ISO 55001 Certification helps to handle processes and risks, improving company performance. Implementing ISO55001 aligns objectives and leads to desired outcomes

ISO 55001 CERTIFICATION - BENEFITS

• ISO 55001 Certification ensures the processes, resources, and functional contributions are aligned, rather than having separate departments with conflicting, short-term goals.
• ISO 55001 Certification establishes a clear record of activities, timing, and rationale.
• ISO 55001 Certification enhances comprehension and utilization of data and information to make well-informed and consistent decisions.
• ISO 55001 Certification Coordinate and align ongoing initiatives, including the development of skills and abilities.
• ISO 5501 Certification increases involvement of the workforce, including leadership, communication, and collaboration across different disciplines.
• ISO 55001 Certification Enhance planning, particularly for capital expenditure.

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