Manage the lifecycle of assets more effectively, control over daily activities, achieve higher return on your assets, and reduce the total cost of risk, by implementing ISO 55001.
What is ISO 55001?
ISO 55001 Standard is designed to enable an organization to align and integrate its asset management system with the related management system requirements. This International Standard can be used by any organization. The organization determines to which of its assets this International Standard applies.
A growing concern for managers of the leading organizations is the optimal use of maximum value creation of the organization’s assets, whether physical or intangible, financial, or non-financial, is. The ISO 55001 International Standard sets out the requirements for establishing, establishing, maintaining, and improving an asset management system.
ISO 55001 also balances the aspects related to financial, environmental, and social costs, risk, quality of services and performance related to assets in the organization.
Why is ISO 55001 important for your business?
The Asset Management System is a set of related and interactive elements of an organization that results in the establishment of asset management policies, goals and the processes required to achieve them
The elements of the asset management system are including policies, schemes, business processes, and information systems that are integrated to ensure the delivery of asset management activities.
The Strategic Asset Management Plan creates as a first step the documentation of the role of the asset management system in supporting the achievement of the asset management objectives.
ISO 55001 focus is on the management of physical assets, but at the same time it expresses the system requirements that can be applied to other types of assets, such as intellectual property.
The benefits of ISO 55001
- Reduce financial losses
- Improve financial performance
- Improve risk-based decision making
- Enhance better reputation
- Effective short-term and long-term management of events, costs, and performance
- Improve Customer satisfaction
- Gain Competitive advantage
- Increase Business transparency
- Support Business Growth
- Improve efficiency and effectiveness in achieving business organizational goals
- Demonstrate social responsibility and organizational business ethics to stakeholders.