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ISO 55001 Certification

ISO 55001 Certification

ISO 55001 is the international standard with the purpose of forming an Asset Management System (AMS) designed to enhance the reliability, performance, and value of tangible and non-tangible assets over the lifecycle. Asset management is extremely important to organizations in industries such as energy, infrastructure, utilities, manufacturing, and transportation, which need to ensure efficiency in their operations, and also reduce risk, and stay in compliance.

Apex SC is one of the world-known certification body that aids organizations in the development, implementation, and certification of ISO 55001 systems in a manner that concurs with business goals and manages cost, performance, and risk. ISO 55001 promotes decision-making on the strategies of management of assets, whether industrial equipment, infrastructure, those dealing with digital systems, or real estate.

What is ISO 55001?

ISO 55001 provides a systematic approach to assets management, whether it is planning, acquiring, maintaining, or disposing of them. The standard advances a lifecycle-centered ownership, use, and renewal of assets.

The main principles of ISO 55001 are:

  • Asset strategy and business objectives orientation
  • Risk-based decision-making
  • Optimization of lifecycle asset value
  • Proper definition of roles, tasks, and accountability
  • Unceasing monitoring and enhancement of the performance

Importance of ISO 55001 Certification

  • Asset Planning: ISO 55001 helps organizations to match the asset management strategies with the organizational priorities and effectively invest and allocate resources to make smarter decisions.
  • Reduction of Risk: It assists in determining and reducing risks associated with the failure of a given asset, compliance, or untimely downtime and guards both production and safety.
  • Better Efficiency: A good AMS minimizes redundant costs, business interruptions, and incompetent asset utilization.
  • Lifecycle Cost Management: ISO 55001 brings cost-effectiveness in the lifecycle of asset management, as it enhances maximum return on asset investment through the process of procurement to disposal.
  • High Stakeholder Trust: Prove that you are committed to transparency, governance, and the creation of long-term value for customers, investors, and regulators.

Who Should Implement ISO 55001?

ISO 55001 will help any organization that has a large amount of assets under its management, especially within:

  • Oil & Gas
  • Water, Energy, Telecom
  • Transportation & Logistics
  • Construction and Infrastructure
  • Construction & Heavy Equipment
  • Healthcare & Facility Management
  • Government & Public Works

Regardless of what you are and have under your management: building, pipelines, fleets, or production equipment, the ISO 55001 enhances visibility, reliability, and control.

FAQs

It handles everything: physical (machinery, infrastructure), intangible (IP, software), and hybrid assets to be controlled by lifecycle-based systems.

Indeed, ISO 55001 is compatible with other standards such as ISO 9001, ISO 14001, ISO 45001, and ISO 27001 when integrated with an Integrated Management System (IMS).

It will take a few months depending on the complexity of your organization comprising of planning, implementation, and audit stages.

No. Quick to mid-sized organizations can also equally enjoy enhanced asset governance and decision-making due to their critical assets.

Certification is triennial (for 3 years) and an audit is conducted every year to determine surveillance, and to carry out a recertification audit at the end of the cycle.
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