ISO 55001 (Asset Management)

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What is ISO 55001?

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.

Documentation Requirements: 

  • Asset Management Policy
  • AMS or Management Manual
  • Procedures
  • Strategic Asset Management Plan (SAMP)
  • Asset Management Plans (AMPs)
  • Asset Register
  • Maintenance System
  • Improvement Plan (monitoring asset management objectives and targets)
  • Registers – nonconformances and corrective action.

Benefits of ISO 55001

  • 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.