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A Guide for an ISO 55001 - Asset Management System

Author: Henry Nelson
by Henry Nelson
Posted: Jul 06, 2020

The ISO 55001 standard, related to the physical and other asset management system, enables organizations to achieve their broad business objectives through effective and efficient management of their assets. It helps to develop an asset management strategy that is focused on getting maximum utilization and return on assets while reducing the total cost of ownership or management.

The new Asset Management System standard will be particularly beneficial for businesses, which own or manage a large number of assets where performance depends on the condition of the asset. Other key benefits include excellent return on investment and / or growth, long-term planning, the ability to show the best value for money between affected budgets and risk management and management involved.

ISO 55001 contains many duplicate requirements that were already required for it satisfy the previous phrases. As well as some broader statements of compliance, there are several points. It sets it straight Requests for asset management, such as:

  • Asset management planning should be integrated with all organizational planning;
  • The result of an asset management plan is a full-service overhaul the risk of the asset during the life cycle of the asset. Asset management system contains all subsequent risk reduction and risk prevention, including internal targeting and external resources, and any special tools or equipment required;
  • Changes in risk such as the age of the asset, or if there is a change in the use of the asset, are unnecessary problems contribute to the asset management system;
  • Asset risks should be considered as risks to the organization and dealt with organization plans.
  • ISO 55001 certification demonstrates an organization's ability to develop an effective asset management system. ISO 55001:2014 Certification is important in demonstrating the ability to use a more prepared work and a good corporate reputation. For ISO 55001 Certification consultancy services, Visit Punyam.com - a leading ISO 55001 consultant in Gujarat, India that offers ISO 55001 Certification services, which includes implementation of Asset management system. To implement Asset management system and ISO 55001 certification, Here are steps of ISO 55001:2014 consultancy followed by Punyam.com:

  • To conduct Micro-level survey of the existing system For each and every activity of the organization and prepare detailed Gap Analysis report,
  • Form a steering committee and Preparation of applicable ISO 55001 Documents required by ISO 55001:2014 based on detailed study of all activities of the organizations.
  • Help in effective implementation of ISO 55001 certification,
  • Training to employees related to documentation and its implementation,
  • Provide documentation, and fine-tuning and implementation for every element of certification,
  • Train internal auditors,
  • Assess the system through first internal audit to check readiness for the ISO 55001 certification,
  • Take corrective actions for non-conformities and carry out management review meeting,
  • Apply for ISO 55001:2014 certification,
  • Conduct management review meeting in presence of Top Management to guide the organization for effective implementation of all the issues related to asset management system,
  • Take corrective actions on the nonconformities to the satisfaction of the certifying body,
  • Get certified for ISO 55001:2014.
  • Source: punyam.wordpress.com

    About the Author

    Henry Nelson has published many articles regarding ISO Certification. Henry has rich experience as a online publisher and prepared various Certification documents as per ISO guideline since large amount of years in his professional career.

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    Author: Henry Nelson

    Henry Nelson

    Member since: Oct 21, 2013
    Published articles: 30

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