ISO 55001:2018 - Asset Management Systems Requirements


What is ISO 55001?

ISO 55001 for Asset Management Systems requires organisations to adopt a risk based approach to the management of assets. ISO 55001 is not a prescriptive document, rather it is intended to enable organisations to manage assets effectively through the adoption of a Strategic Asset Management Plan and Asset Management Plans for differing groups or classes of assets.


Asset Management System Requirements

Asset Management Systems (AMS) require organisations to:

  • understand external & internal issues, and interested parties, relevant to asset management
  • develop an Asset Management Policy– typically one page document declaring commitment to asset management
  • develop an AMS or Management Manual – documenting as much or as little as you want but, typically, briefly addressing the clauses of ISO 55001; often integrated with the Manual for other management systems
  • develop a Strategic Asset Management Plan (SAMP) – higher level policies for asset management direction in the organisation
  • develop Asset Management Plans (AMPs) – plans for differing groups or classes of assets, supporting the SAMP
  • develop an Asset Register
  • implement systems for planning, scheduling, recording and monitoring maintenance
  • develop and monitor asset management objectives and targets
  • embrace asset management risks and opportunities throughout the business
  • ensure staff are competent and understand their asset management responsibilities
  • control any outsourcing of asset management and maintenance
  • monitor asset management performance
  • control asset management nonconformances and take corrective action for significant or repetitive nonconformances
  • conduct internal audits of the asset management system
  • ensure senior management strategically review the asset management system.


Documentation Requirements:
  • Asset Management Policy
  • AMS or Management Manual
  • Procedures
  • Strategic Asset Management Plan (SAMP)
  • Asset Management Plans (AMPs)
  • Asset Register
  • Maintenance System
  • Improvement Plan (monitoring asset management objectives and targets)
  • Registers – nonconformances and corrective action.


Implementing an Asset Management System:

Implementing ISO 55001 - Asset Management Systems


Benefits of an Asset Management System:
  • demonstrated due diligence by meeting customer requirements
  • meeting international best practice for asset management
  • meeting tender requirements and stand out from the competition
  • improved reputation and enhanced company profile
  • improved financial performance
  • improved services and outputs
  • long term system integrity and tracking assets over lifecycle
  • informed asset investment decisions
  • improved organisational sustainability
  • increased asset efficiency and performance
  • greater transparency of assets’ location and maintenance
  • easily integrated with other management systems.


TQCSI Certification Process:
  • contact your TQCSI Office and ask for a quote or apply on-line - TQCSI will need to know what your business does, how many employees (full time equivalent) and what types of asset classes are applicable
  • to prevent delays, don’t wait until your Asset Management System is fully implemented.


Certification Mark for Asset Management Systems:

ISO 55001 Certification Logo

Once obtained, this certification mark can be used on all marketing material to promote your ISO 55001 Asset Management System certification.


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ISO 9001, ISO 14001, ISO 45001, FSSC 22000, ISO 22000, HACCP, ISO 27001, ISO 55001 and more