ISO 55001
ISO 55001 is an international standard that outlines the requirements for effective asset management system (AMS) implementation, applicable to all organizations, regardless of size or type. It emphasizes creating value while balancing costs, risks, and performance and incorporates leadership, planning, risk management, and stakeholder engagement principles. By implementing ISO 55001, organizations can improve asset management practices, increase reliability, reduce costs, optimize performance, align with business objectives, and gain a competitive advantage.
Who It Applies To
ISO 55001What is ISO 55001?
ISO 55001 is an international standard that outlines the requirements for effective asset management system (AMS) implementation, applicable to all organizations, regardless of size or type. It emphasizes creating value while balancing costs, risks, and performance and incorporates leadership, planning, risk management, and stakeholder engagement principles. By implementing ISO 55001, organizations can improve asset management practices, increase reliability, reduce costs, optimize performance, align with business objectives, and gain a competitive advantage.
At a glance
Does your company need it?
ISO 55001 applies to any organization that owns or operates assets regardless of its activities’ size, type, or nature. This can include but is not limited to manufacturing, transportation, energy, utilities, construction, and government organizations. Organizations that want to improve their asset management practices, increase asset reliability and availability, reduce costs, and optimize asset performance can benefit from implementing ISO 55001.
What ISO 55001 incorporates
Leadership
Top management sets the direction and commitment for the asset management system.
Planning
Asset management objectives and plans are defined and aligned with the organisation’s goals.
Risk management
Asset-related risks are identified, assessed and addressed in asset decisions.
Stakeholder engagement
Stakeholder needs and expectations are considered in how assets are managed.
What ISO 55001 delivers
Improves asset management practices.
Increases reliability.
Reduces costs.
Optimizes performance.
Aligns asset management with business objectives.
Gains a competitive advantage.
The ISO 55001 journey, stage by stage
Gap analysis
Current asset management practices are assessed against the requirements of ISO 55001.
Policy and objectives
The asset management policy, objectives and strategic plan are defined.
Implementation
Processes, roles and asset information are put in place across the organisation.
Internal audit
The system is reviewed internally and gaps are closed before certification.
Certification audit
An accredited certification body audits the asset management system.
Continual improvement
The system is monitored, reviewed and improved over time.
ISO 55001 in nine markets
Univate Global supports ISO 55001 asset management certification readiness across nine markets, helping asset-intensive organisations build a structured, auditable asset management system.
UAE
Relevant to asset-intensive organisations in UAE that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Saudi Arabia
Relevant to asset-intensive organisations in Saudi Arabia that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Philippines
Relevant to asset-intensive organisations in Philippines that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
South Africa
Relevant to asset-intensive organisations in South Africa that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
USA
Relevant to asset-intensive organisations in USA that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Singapore
Relevant to asset-intensive organisations in Singapore that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Malaysia
Relevant to asset-intensive organisations in Malaysia that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Vietnam
Relevant to asset-intensive organisations in Vietnam that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
India
Relevant to asset-intensive organisations in India that manage infrastructure, plant and equipment and want a structured approach to asset decisions.
Why Univate Global for ISO 55001
Univate Global helps organisations design and implement an asset management system that meets the requirements of ISO 55001 and prepares them for the certification audit.
Engagements are scoped to the organisation’s asset portfolio, current maturity and certification timeline.
EXPERIENCED TEAM
Our consultants support organisations through gap analysis, implementation and audit readiness.
TAILORED SCOPE
Each engagement is scoped to the assets, sites and objectives that matter to the organisation.
Often taken alongside ISO 55001
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