The international standard ISO 55001 specifies the requirements for defining, implementing, maintaining and improving an asset management system for an organisation.
An ‘Asset’ is an object or an entity that:
- has a potential or real value for an organisation
- constitutes its property and assets
- can be tangible or intangible
- can be financial or non-financial.
The organisation that implements an asset management system throughout its life cycle:
- increases its value by optimising economic, environmental and social costs
- reduces its asset management risks (e.g. lower asset maintenance and management costs) and insurance costs (e.g. conventional reinsurance)
- improves its performance and the quality of the service/product sold
- improves asset reliability if they play a key role in delivering the required service
- increases the reputation and trust of the community.
Regulatory Focus
ISO 55001 can be considered as the junction between the various management systems schemes.
It integrates all the relevant aspects of the Asset Life Cycle: from the design and construction phase, to the use and maintenance and management phases, to asset disposal.
Certification Procedure
- Information questionnaire compiled and submitted to RINA
- bid formulation and acceptance of the contract
- document review and on-site inspection
- issue of the certification
- periodic checks to monitor compliance with the standard over time.
