ISO 55001:2014 ASSET MANAGEMENT SYSTEM
Updated: Feb 22, 2022
ISO 55001 was published in January 2014 and sets out basic criteria not only for the implementation and preservation of an asset, but also for the enhancement of that asset through an asset management framework. This builds on PAS55, which has an established track record in the utility industries in particular. ISO 55001 is intended to extend this strategy to other markets, enabling all organizations to benefit from it.
It is intended to provide an Asset Management System (AMS) with structure and direction for risk management and reduction, while benchmarking performance in all sectors and enhancing financial performance in line with organizational growth strategies.
Benefits Of ISO 55001:2014
Enhanced financial results
Competent investment decisions on assets
Successful centralized control of risks
Improved resilience and continuity
Enhanced services and results
Demonstrated social liability
Demonstrated compliance with regulations
Improved satisfaction for customers and stakeholders
Enhanced sustainability of enterprise
Enhanced effectiveness and performance