ISO 55001

Asset Management certification

ISO 55001 Asset Management certification

What is ISO 55001?

In many industry sectors, the way you manage, maintain and finance your assets can make or break the company. Assets include everything from physical property such as vehicles, hand tools and CNC machines to intangibles such as financial reserves, human capital and intellectual property.

ISO 55001 helps you manage the entire lifecycle of your assets to ensure they deliver maximum value to the business. As with all ISO standards, the management of risk is at the heart of the system, so that your organisation can be more confident about future performance.

There are certain industry sectors for which ISO 55001 is particularly appealing. For example, facilities management and property developers; oil and gas and utilities; construction; manufacturing; transport and distribution all stand to gain from ISO 55001. The system helps introduce greater compliance, more reliability, lower ownership and operating costs and increased transparency if things go wrong.

ISO 55001 helps you manage risk and maximise both day-to-day and long term operational and financial performance.

Many organisations seek ISO 55001 to complement other ISO standards such as ISO 9001 Quality Management, ISO 45001 Occupational Health & Safety and ISO 14001 Environmental Management.

Fortunately, all these standards are based on the Annex SL structure which means the systems share common elements and integrate neatly. This means that the development and maintenance of your Asset Management System can be done very efficiently.

Why choose ISO 55001?

  • Improved risk management – Develop a planned preventive maintenance system based on international best practice to improve reliability of equipment.

  • Cost savings – Operational costs are reduced by extending the life of key assets, achieved through prioritising effective preventive maintenance over costly repairs.

  • Reduced downtime – Better asset management leads to fewer stoppages in operations with a direct positive impact on business performance.

  • Better supplier management – The system creates a framework for managing the performance of subcontractors and suppliers.

The process

It's quick and easy to achieve your ISO certification and start winning new business.

  • Preparation

    Your dedicated Auditor will be in touch to go through the audit plan in preparation for your Stage 1 assessment.

  • Stage 1 assessment

    There’s no pressure for the first assessment; many are surprised what they already have in place following this visit. The report issued will highlight the next steps you need to take to achieve your certification.

  • Stage 2 assessment

    When you’re ready, your Auditor will visit again to establish if your management systems and processes meet the requirements of the standard. You'll be advised of the Auditor's recommendations on the day which will be ratified by our Compliance department, and your certification will be issued following the decision.

  • Annual assessment

    The excellent reputation of ISO 45001 is driven by its requirement for ongoing improvement, so we'll keep in touch and arrange annual assessments to keep your certification up-to-date.