ISO 55001 Checklist

ISO 55001 Asset Management

ISO 55001:2014 Checklist

Asset Management Systems Requirements

1.0 Context

The Organisation

Have you determined internal and external issues that will impact on your quality system?

Interested Parties

Have you determined what internal and external interested parties are relevant to the asset management system and what are their requirements?


Have you determined the boundaries of the asset management system and documented the scope?


Have you necessary policies and procedures including a documented Strategic Asset Management Plan (SAMP)?

2.0 Leadership

Leadership & Commitment

Can you demonstrate top management is providing leadership and commitment to the asset management system?

Asset Management Policy

Have you a documented asset management policy that is communicated and available?

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Roles & Responsibilities

Are roles and responsibilities for asset management and the SAMP communicated and understood?

3.0 Planning

Risk & Opportunities

Have you determined the asset management risks and opportunities related to your organisation?

Do you have plans to address them?

Asset Management Objectives

Have you established asset management objectives? Do you monitor, measure and communicate them? Do you have plans to address them?

Have you maintained records?

4.0 Support


Have you determined and ensured necessary resources are in place for the asset management system?


Have you ensured that personnel are aware of your policy, relevant objectives and their responsibilities?


Do you manage information with regard to asset management appropriately?

Is there traceability and alignment between financial and technical data?


Do you ensure competence of personnel?

Do you maintain records?


Have you determined processes for internal and external communication relevant to asset management?

Control of Documents

Do you ensure documents and records are controlled?

5.0 Operations

Operational Planning & Control

Have you established and maintained procedures to meet the requirements of the asset management system?

Management of Change

Do you ensure planned and unplanned change to the asset management system is managed appropriately?


Do you assess risk of outsourcing?

Do you document how outsourced processes will be controlled and integrated?

Have you determined responsibilities and scope?

6.0 Performance Evaluation

Monitoring & Measurement

Do you monitor things such as processes, operational controls, equipment that requires maintenance or calibration?

Do you measure things such as KPIs, performance against targets?

Do you analyses and evaluate this information?

Do you maintain records?

Internal Audit

Do you plan and conduct internal audits to ensure the asset management system conforms to requirements and is implemented effectively?

Do you maintain records?

Management Review

Does your top management review your asset management system at planned intervals?

Do you maintain records?

7.0 Improvement

Nonconformity & Corrective Action

Do you have processes for reporting, investigating and taking action to manage incidents and corrective action?

Do you maintain records?

Continual Improvement

Do you continually improve the quality system?

Preventative Action

Do you have processes to proactively identify potential failures in asset performance?


Typical areas of asset management may include but is not limited to data management, condition monitoring, risk management, quality management, environmental management, system and software engineering, life cycle costing, dependability, terotechnology, inspection, non-destructive testing, financial management, acoustics, competency, project management, facilities management, energy management, equipment maintenance, commissioning

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ISO 55001 Certification Throughout Australia

Compass Assurance Services have offices and staff located throughout Australia including Brisbane, Melbourne, Perth and Sydney.

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