ISO 55001: ASSET MANAGEMENT SYSTEMS

ISO 55001 for Asset Management Systems requires organisations to adopt a risk based approach to the management of assets. ISO 55001 is not a prescriptive document, rather it is intended to enable organisations to manage assets effectively through the adoption of a Strategic Asset Management Plan and Asset Management Plans for differing groups or classes of assets.

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Benefits of an Asset Management System:

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• demonstrated due diligence by meeting customer requirements

• meeting international best practice for asset management

• meeting tender requirements and stand out from the competition

• improved reputation and enhanced company profile

• improved financial performance

• improved services and outputs

• long term system integrity and tracking assets over lifecycle

• informed asset investment decisions

• improved organisational sustainability

• increased asset efficiency and performance

• greater transparency of assets’ location and maintenance

• easily integrated with other management systems.

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