ISO 55001: Optimize Your Asset Lifecycle with International Standards

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.

TUV APEX is one of the world-known certification bodies 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.

The Role of TUV APEX

TUV APEX is an accredited certification body and as such it provides full service of certification- planning, final auditing, and many more. We make your ISO 55001 successful and easy.

• Gap Assessment: Our experts compare your current asset procedures with the ISO 55001 standards to identify the gaps that require changes.
• Implementation Support: Our services to your team include leadership in the creation of the required documentation, processes, and policies according to the standard.
• Standalone Certification Audit: Our specialist auditors perform an objective and rigorous audit in order to ensure their conformity and positive feedback.
• Training and Capacity Building: TUV APEX provides individuals with dedicated training course skills, which educates the staff on asset management knowledge, documentation, and internal audit competency.
• Continuously Constructive and Monitoring: Follow-up support and surveillance audits are part of what we will do to help your certification remain current and to see your performance improvement long-term.

Frequently Asked Questions (FAQs)