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.
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
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.
How can ISO 55001 Certification help win more Tenders?
In a variety of industries, ISO 55001 certification is now a very common demand during the PQQ (Pre-Qualifying Questionnaire) stage of the tendering process.
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.
Achieving ISO 55001 Certification means 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.
ISO 55001 and the Sustainable Development Goals
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
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 via the isologyhub.
- ISO 55001 isologists® – 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
See how Blackmores helped Greater Anglia and Platinum Facilities achieve ISO 55001 in our blog.
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The Blackmores ISO Roadmap is a proven path to go from idea to launching your ISO Management System.
Whether you choose to work with one of our isologist consultants or work your own way through the process on our isology Hub, we’re certain you’ll achieve certification in no time!