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.