Asset Management

ISO 55001

What is 55001?

ISO 55001 is an asset management standard designed to help your organisation protect its valued assets. Whether the assets are physical, financial, human or ͚intangible͛, it is good asset management that maximises value-for-money and satisfaction of stakeholders͛ expectation. Managing your assets efficiently enables an organisation to achieve its objectives. ISO 55001 allows organisations to examine the need for assets at different levels as well as linking asset reports to financial reports, which can improve an organisation͛s effectiveness and efficiency. ISO 55001 emphasises identifying and controlling risk to internal and external stakeholders of the defined asset portfolio while looking for opportunities for continuous improvement throughout the life cycle.

This standard sets out the framework by which this company should use to ensure that they get the best out of their machinery and land assets. It also gives the organisation better understanding of when and where they will need to spend on maintenance and new investments. It reduces the risk for the company as they can effectively predict the lifespan of their assets and have a better grasp on the total value of that asset. ISO 55001 also contains the new ANEX SL framework that was introduced to ISO 9001:2015 & ISO 14001:2015, as a means to better integrate different standards to one overall business management system.

Benefits of 55001

Improved financial performance Managed risk Improved services and output Demonstrates social responsibility Demonstrates compliance Enhanced reputation Improved organisational sustainability Improved efficiency and effectiveness Can be integrated with ISO

Who should implement it

Like most standards, ISO 55001 can be applied to any organisation. It is a globally recognised standard to maintain and manage assets.
Certification to the asset management system for medical devices lasts for three years and is subject to mandatory audits to ensure that your organisations remain compliant throughout. At the end of the three years, you will be requested to complete a reassessment audit in order to receive certification for an additional three years.

Contact our team today to receive a free no obligation quotation from our dedicated business development team. We will devise a comprehensive assessment program which will be agreed in line with your requirements.

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