What is ISO 55001 Asset Management Systems?

ISO 55001 Certification Explained

What is ISO 55001 Certification? ISO 55001 is the international standard for asset management. It specifies the requirements for the establishment, implementation, maintenance and improvement of an asset management system.

The standard is applicable to all types of assets and in particular physical assets.

Key elements of the standard are organisational context, leadership, planning, support services, operations, performance evaluation and improvement – as such it follows the same overall structure as other ISO standards including 9001, 14001 and 45001.

Relevant asset management subject areas that may be applicable to a robust asset management system include:

  • data management;
  • condition monitoring;
  • risk management;
  • quality management;
  • environmental management;
  • systems and software engineering;
  • life cycle costing;
  • dependability (availability, reliability, maintainability, maintenance support);
  • configuration management;
  • inspection;
  • non-destructive testing;
  • financial management;
  • qualification and assessment of personnel;
  • project management;
  • facilities management;
  • equipment management;
  • commissioning processes;
  • energy management.

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ISO 55001 Asset Management

ISO 55001 – manage the value of your business assets. The fundamental purpose of an asset or group of assets is to provide value; asset management is the process of realising the value from the asset.

Why should I get ISO 55001 Asset Management Certification?

By formalising, implementing and maintaining an asset management system aligned an organisation can expect to; manage and reduce risk, support business growth by demonstrating good asset management and commitment to external stakeholders.

What are the benefits of ISO550001 Certification?

By seeking compliance with the ISO 55001 Asset Management Guidelines an organisation can expect to improve financial performance with greater ROI, reduce organisational risks and support business growth among many other incidental benefits.

How can I get certified?

Getting ISO certification is a lot easier than you might think, We take you through the three step audit process from your initial enquiry to the final certification decision.

ISO 55001 Certification Throughout Australia

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

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