HomeservicesISO 55001 Asset Management System

ISO 55001 Asset Management System

ISO 55001 ASSET MANAGEMENT SYSTEM

Asset Management is a management system that aims to maximize value from an organization’s assets by analyzing their costs, risks, opportunities, and performance through appropriate approaches, planning, and practices.

Asset management is an important discipline for all organizations seeking to derive value from their assets and became an international standard with the publication of the ISO 55001 Asset Management Standards Series in 2014.

With advancing technology, assets have reached high monetary values and represent significant investments for organizations. Therefore, effective utilization of assets throughout their entire life cycle has become a necessity for sustainable businesses.

Asset management is a concept that can be defined and applied differently across various sectors. It is a new scientific discipline that has evolved from maintenance management, focusing on a holistic life-cycle approach to physical assets, enabling sound decision-making and optimization of related processes.

Benefits of ISO 55001

  • Improvement in financial performance,

  • Informed and effective asset investment decisions,

  • Effective risk management,

  • Improvement in services and outputs,

  • Demonstration of social responsibility,

  • Enhancement of organizational reputation,

  • Increased organizational sustainability,

  • Improved efficiency and productivity.