ISO 55001 Asset Management

What is ISO 55001 Asset Management?

ISO 55001 Asset Management can be explained as a systematic process of planning, operating, maintaining, upgrading and replacing assets cost-effectively with minimum risk and at the expected levels of service, over the assets’ life cycle.

Key aspects of ISO 55001 Asset Management:

Leadership & Accountability: Management is responsible for the overall governance of assets and the management systems.

Planning: Determination of asset requirements, based on an assessment of both service delivery needs and the capability of the existing asset base to meet these needs.

Acquisition: Procurement of assets to meet an identified service need, including the assessment of procurement options.

Operation and maintenance: Management and use of an asset to deliver services including monitoring of assets, asset valuation, utilization and functionality, and information management.

Disposal: Treatment of an asset that has either reached the end of its useful life, is considered surplus, or is underperforming.

What is ISO 55001?

The new ISO 55001 standard was published in 2014, it is the first standard to implement the new ISO Annex SL framework making it easy to integrate into your existing standards.

ISO 55001 provides an organisation with a framework to proactively manage the life cycle of assets from the planning stage through to deployment and disposal/renewal. The system enables an organisation to manage the costs and risks associated with owning assets, particularly those critical for service delivery to your customers.

The system is structured and efficient, enabling you to reduce costs, avoid a reduction in service levels through maintenance cycles and promote continual improvement.

Benefits to your company include:

• Reduced risks associated with Company assets
• Improved quality assurance for customers / legal compliance
• Tendering and winning new business
• Value realisation from assets, improved knowledge about assets, and improved relationships with stakeholders.
• Creation of an Asset Life Cycle

How we can help:

Blackmores specialise in helping you to implement and maintain your ISO 55001 Asset Management System across London, Hertfordshire and Bedfordshire, and UK-wide. We can also assist with international locations, having experience of working in 27 other countries.

• Conduct an ISO 55001 Gap Analysis – To help establish your strengths and weaknesses.
• ISO 55001 E-learning – Learn at your own pace with our online courses, view our full library HERE.
• ISO 55001 Consultant – We have a skilled team of consultants to help you implement an Asset Management System. From London to the UAE, we have experience working internationally across many sectors.
• Internal Audits – We can help you to plan and conduct Internal Audits to verify your compliance with ISO 55001.
• On-Site Support – We can provide support during External Audits carried out by Certification Bodies.
• Request a quote for Certification – We can send a request for a quote to 3 UKAS-certified Certification Bodies on your behalf. This is done free of charge on request.

Need help with ISO 55001 consultancy? We’d be happy to help, simply Contact Us

Further resources-

See how Blackmores helped Greater Anglia and Platinum Facilities achieve ISO 55001 in our blog. 

We also have a summary video available on YouTube.

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