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Standards  / /  ISO 55001:2014

Standards  / /  ISO 55001:2014

ISO 55001 Standards - Asset Management
ISO 55001:2014 is the international standard for asset management systems developed by the International Organization for Standardization (ISO). It provides a framework and guidelines for organisations to establish, implement, maintain, and continually improve their asset management practices.

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key principles of ISO 55001:2014

  • Asset Management Policy: Establishing a clear and documented asset management policy that aligns with the organisation’s objectives and goals.
  • Asset Management Planning: Developing a strategic asset management plan that outlines how the organisation will manage its assets to achieve its objectives effectively.
  • Asset Performance Evaluation: Implementing processes to monitor and evaluate the performance of assets, ensuring they contribute to the organisation’s overall success.
  • Risk Management: Identifying and managing risks associated with asset performance, safety, compliance, and other factors.
  • Lifecycle Perspective: Adopting a life cycle approach to asset management, from acquisition through to disposal, to optimise asset performance and value.
  • Continuous Improvement: Establishing procedures for continuous improvement in asset management practices and performance.
  • This standard is designed to be applicable to various types of organisations and assets, recognizing that assets can differ significantly in nature and complexity. By adhering to this standard, organisations can enhance the utilisation, reliability, and availability of their assets, leading to improved performance and reduced costs.
  • This standard is part of a broader set of asset management standards, which includes ISO 55000 (fundamentals and vocabulary) and ISO 55002 (guidelines for the application of ISO 55001). Together, these standards provide a comprehensive framework for effective and efficient asset management practices.
  • Learn More about the International Organization for Standardization (ISO) here.

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