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.
- Asset Management Policy
- AMS or Management Manual
- 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:
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:
Once obtained, this certification mark can be used on all marketing material to promote your ISO 55001 Asset Management System certification.