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.

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.

Working as an ISO 55001 consultant, we provide organisations 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.

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

At Blackmores, our ISO 55001 consultants specialise in helping your business implement and maintain your ISO 55001 Asset Management System. We work with organisations all over the UK, so make sure you contact us to discuss your business.  

When we begin our ISO 55001 consultancy partnership, we follow these steps to achieve success.

• ISO 55001 Assessment and Gap Analysis – Our consultants evaluate your organisation’s current position and asset management systems. This helps us understand where the gaps are and how best to go about implementing changes.
• Developing an Asset Management System – Our ISO 55001 consultants then work closely with your team to develop a comprehensive asset management system that aligns with the ISO 55001 criteria. We can establish policies, create objectives, build strategies and provide support where required.
• ISO 55001 Training and Education – Learn at your own pace with our online courses via the isologyhub.
• ISO 55001 isologists® – We have a skilled team of ISO consultants to help you implement an Asset Management System. Once you choose to work with us, you will be appointed a dedicated ISO 55001 consultant, we call them our isologists. Your isologist will be on hand to support your through your training and assessments.
• Internal ISO 55001 Audits – We can help you to plan and conduct Internal Audits to verify your compliance with ISO 55001.
• On-site Support – We are on hand to 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.

Are you looking for an ISO 55001 consultancy partner? We’d be happy to help; simply Contact Us

Achieving your ISO 55001 certification brings the following benefits to your company:

• 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

When we work with our clients, we are often asked about the key aspects of ISO 55001. Part of our consultancy is to help you understand the importance and significance of achieving this certification.

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

Planning: ISO 55001 helps with the identification and 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, utilisation 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.

In our experience as an ISO consultant, we have come to notice that a variety of industries now demand ISO 55001 certification during the PQQ (Pre-Qualifying Questionnaire) stage of the tendering process.

We know it can be challenging to successfully structure, format, and communicate in your tendering application document how your company controls its planning, operating, maintaining, upgrading and replacing of assets.

By working with an ISO 55001 consultant and achieving your certification, your business will now have a well-documented management system that has been implemented and executed. Having these policies and procedures in place now means that the majority of the responses to tendering questions will be easily accessible.

The world is facing a crisis: poverty, hunger, inequality and climate change are just some of the issues we need to address.

In 2015, world leaders came together to create 17 Sustainable Development Goals (SDG’s) which aim to tackle these issues, to build a better world by 2030.

ISO 55001 can be used to meet the following goals  

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