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About The ISO 55001:2014 Standard
ISO 55001:2014 (Asset management — Management systems — Requirements) is the international standard for asset management systems. Designed to be compatible with other ISO management system standards, such as ISO 9001, ISO 14001, and ISO 45001, ISO 55001 provides a framework to monitor and maintain assets. ISO 55001 aims to optimize the availability and profitability of your assets throughout their lifecycle by managing the associated risks and costs of asset ownership.
The Importance of an Asset Management System
Asset management system strategies can have a positive influence on operations, design, staff performance and equipment productivity and lifecycle costs. An ineffective or non-existent asset management system can cost businesses millions of dollars per year, as assets are lost, underutilized, break or get damaged. Improving asset management system processes can reduce such unnecessary expenses and boost your bottom line.
Benefits of ISO 55001 certification include:
- Reduce costs and unlock asset value - Establish a lifecycle asset management system that helps you to make well-informed decisions.
- Gain a competitive advantage - Improve customer satisfaction through more effective asset management systems and service delivery
- Increase business transparency - Create a comprehensive audit trail for what is done, when and why.
- Support business growth - Align initiatives, processes, resources and functional contributions.
How to get ISO 55001 Certification
As an internationally accredited certification body, TÜV SÜD offers management system services. In addition to audits and assessments, our portfolio includes training on ISO 55001 requirements.
Before the certification audit takes place, the management system must be implemented, and its effectiveness documented against compliance requirements.
Getting started
- Become familiar with ISO 55001 objectives
- Identify gaps against relevant requirements
- Outline and implement necessary measures
- Document effectiveness and compliance
- TÜV SÜD facilitates an efficient process for organizations which are approaching the ISO 55001 certification process.
Certification process
- Stage 1 audit: Readiness review
- Stage 2 audit: On-site
- Your organization identifies and implements measures to correct the root cause of any nonconformances identified by the audit
- Issuance of ISO 55001 certificate
- Annual surveillance audit to maintain certificate
