ISO 55001 - Asset (AMS)
Maximize Asset Value, Drive Sustainable Performance
In today's asset-intensive industries, organizations must optimize the performance, cost, and risk of their physical assets throughout their lifecycle. From infrastructure and equipment to facilities and fleets, effective asset management is critical to achieving business objectives. At Glocert International, we specialize in providing independent third-party ISO 55001 certification that validates your organization's Asset Management System (AMS). As a leader in the Testing, Inspection, and Certification industry, we conduct thorough ISO 55001 audits that verify your AMS meets international standards, helping you demonstrate asset management excellence and build confidence with stakeholders.
What is ISO 55001?
ISO 55001 is the international standard for Asset Management Systems (AMS). Published by the International Organization for Standardization (ISO), ISO 55001:2014 specifies requirements for establishing, implementing, maintaining, and improving an integrated, effective, and efficient asset management system.
The standard enables organizations to optimize the performance of their assets, improve return on investment, manage risk, and deliver value to stakeholders. ISO 55001 is applicable to any organization, regardless of type, size, or industry, that uses physical assets to deliver value. It evolved from the UK's PAS 55 standard and represents global best practices in asset management.
Key Components of ISO 55001
- Asset Management Policy: Organizational principles and commitment to asset management
- Strategic Asset Management Plan (SAMP): Alignment of asset management with organizational objectives
- Asset Management Objectives: Specific, measurable targets for asset performance
- Asset Management Processes: Systematic activities for managing assets throughout their lifecycle
- Risk Management: Identification and management of asset-related risks
- Performance Monitoring: Measurement and evaluation of asset and AMS performance
- Continuous Improvement: Ongoing enhancement of asset management capability
Why is ISO 55001 Important?
ISO 55001 is essential for organizations with significant physical assets seeking to optimize performance, reduce costs, and manage risks. Here's why this standard is crucial:
1. Asset Performance Optimization
ISO 55001 helps organizations:
- Maximize asset performance, reliability, and availability
- Extend asset life and optimize asset utilization
- Reduce unplanned downtime and failures
- Improve maintenance effectiveness and efficiency
2. Cost Management and Value Creation
Implementing ISO 55001 enables organizations to:
- Reduce total cost of ownership (TCO) across asset lifecycle
- Optimize capital and operational expenditure
- Improve return on investment (ROI) from assets
- Make better asset investment decisions
3. Risk Management
ISO 55001 provides a framework for:
- Identifying and managing asset-related risks
- Preventing asset failures and safety incidents
- Ensuring regulatory and compliance obligations are met
- Building organizational resilience
4. Stakeholder Confidence
ISO 55001 certification demonstrates to customers, regulators, investors, and other stakeholders that your organization manages its assets effectively and sustainably.
ISO 55001 Asset Management System Framework
ISO 55001 follows the Plan-Do-Check-Act (PDCA) cycle and is organized around key elements that structure the AMS:
Core AMS Elements
Context of Organization
Understanding internal and external factors affecting assets
Leadership & Policy
Top management commitment to asset management
Planning (SAMP)
Strategic alignment and asset management objectives
Support & Resources
Resources, competence, and information management
Operation
Asset lifecycle management and operational activities
Performance Evaluation
Monitoring, measurement, and auditing
Improvement
Continuous improvement of AMS and assets
Asset Lifecycle Stages
- Planning & Design: Identifying asset needs and requirements
- Acquisition & Creation: Procuring, building, or developing assets
- Operation & Maintenance: Using and maintaining assets to deliver value
- Modification & Upgrade: Improving or adapting assets
- Disposal & Decommissioning: End-of-life management and asset disposal
Benefits of ISO 55001 Certification
Achieving ISO 55001 certification provides organizations with numerous strategic, operational, and financial benefits:
Improved Asset Performance
Optimize asset reliability, availability, and performance throughout the lifecycle.
Reduced Costs
Lower total cost of ownership through optimized maintenance, operations, and investment decisions.
Enhanced ROI
Maximize return on investment from capital assets and infrastructure.
Better Risk Management
Systematically identify and manage asset-related risks including safety, environmental, and financial risks.
Strategic Alignment
Align asset management with organizational objectives and strategy.
Improved Decision Making
Make better asset investment and lifecycle decisions based on data and analysis.
Sustainability
Improve environmental performance and sustainability of asset operations.
Global Recognition
Gain internationally recognized certification accepted and respected worldwide.
Our ISO 55001 Certification Process
At Glocert International, we follow a structured and systematic approach to conduct ISO 55001 certification audits. Our audit process is designed to be transparent, efficient, and supportive, verifying that your AMS meets all ISO 55001 requirements:
Application Process
Submit your application with required documentation. We review your organization's scope and readiness for certification.
Initial Audit (Stage 1)
Documentation review and readiness assessment. Our auditors verify that your AMS documentation meets ISO 55001 requirements.
Initial Audit (Stage 2)
On-site audit to verify AMS implementation. Our auditors assess the effectiveness of your asset management processes.
Technical Review
Independent review of audit findings by our technical committee to ensure accuracy and compliance.
Decision and Approval
Certification decision based on audit findings. Upon successful completion, certification is approved.
Certification Issuance
Receive your ISO 55001 certificate, valid for three years, with international recognition.
Surveillance Audits
Annual surveillance audits to ensure continued compliance and effectiveness of your AMS.
Re-certification Audit
Comprehensive audit before certificate expiry to renew certification for another three-year period.
Steps in Obtaining ISO 55001 Certification
While obtaining ISO 55001 certification may seem daunting, following a structured approach makes the process manageable. Here's the path your organization should take:
- Gap Analysis and Readiness Assessment: Assess your current asset management practices against ISO 55001 requirements to identify gaps and areas for improvement. (Note: This should be conducted by an independent consultant, as certification bodies cannot provide consultation services.)
- Define Asset Management Context: Understand internal and external factors affecting asset management, identify stakeholders, and determine scope.
- Establish Asset Management Policy: Develop asset management policy expressing organizational commitment and principles.
- Develop Strategic Asset Management Plan (SAMP): Create SAMP aligning asset management with organizational objectives.
- Set Asset Management Objectives: Establish specific, measurable objectives for asset performance and AMS.
- Asset Register and Criticality: Develop comprehensive asset register and conduct criticality analysis.
- Risk Assessment: Identify and assess asset-related risks across lifecycle.
- Develop Asset Management Plans: Create detailed plans for managing critical assets throughout lifecycle.
- Implementation and Training: Implement asset management processes and train staff on their roles and responsibilities.
- Performance Monitoring: Establish KPIs, collect data, and monitor asset and AMS performance.
- Internal Audit and Management Review: Conduct internal audits to verify AMS effectiveness and hold management reviews.
- Pre-assessment Audit (Optional): Consider a pre-assessment audit to identify any remaining issues before the formal certification audit.
- Final Assessment and Certification: Undergo the formal certification audit (Stage 1 and Stage 2) conducted by Glocert International's accredited auditors.
- Surveillance Audits and Recertification: Maintain certification through annual surveillance audits and prepare for recertification every three years.
Typical Timeline: The certification process typically takes 6-12 months from application to certificate issuance, depending on your organization's size, asset portfolio complexity, and current asset management maturity level.
ISO 55001 Certification Pricing
Our ISO 55001 certification pricing is transparent and based on your organization's size, complexity, and scope. We offer competitive rates with no hidden fees. Contact us for a customized quote tailored to your specific needs.
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Get a personalized estimate based on your organization's size, complexity, and asset management requirements.
Contact Us for PricingWhat's Included in ISO 55001 Certification Pricing:
- Documentation review and AMS assessment
- Stage 1 and Stage 2 audit days (calculated per IAF MD 5)
- Technical review and certification decision
- ISO 55001 certificate (valid 3 years)
- Certificate listing on our public register
- First year surveillance audit
- Ongoing audit services and support
Note: ISO 55001 pricing may vary based on audit complexity, asset portfolio size, geographic spread, and additional services. Small organizations typically start from $3,500, medium organizations from $6,500. Contact us for a detailed, no-obligation quote.
Frequently Asked Questions (FAQ)
Find answers to common questions about ISO 55001 certification:
ISO 55001 is the international standard for Asset Management Systems (AMS). You need it to optimize asset performance, reduce total cost of ownership, manage asset-related risks, improve return on investment, align asset management with business strategy, and demonstrate professional asset management capability to stakeholders.
ISO 55001 evolved from PAS 55, the UK's publicly available specification for asset management. ISO 55001 was developed to provide a globally recognized standard incorporating PAS 55 principles. Organizations certified to PAS 55 transitioned to ISO 55001, which is now the globally accepted standard for asset management systems.
The timeline varies based on your organization's size, asset portfolio complexity, and current asset management maturity. Typically, the ISO 55001 certification process takes 6-12 months from application to certificate issuance. This includes gap analysis, SAMP development, AMS implementation, asset register development, internal audits, and the formal certification audit (Stage 1 and Stage 2).
A Strategic Asset Management Plan (SAMP) is a documented plan that aligns asset management with organizational objectives. It defines the outputs required from the Asset Management System, how asset management contributes to organizational objectives, the approach to developing asset management plans, and the role of asset management in achieving strategic goals. The SAMP is a key requirement of ISO 55001.
ISO 55001 is applicable to any organization that owns or manages physical assets, regardless of size or industry. It's particularly valuable for asset-intensive industries including: utilities (water, electricity, gas), transportation (rail, aviation, highways), infrastructure, manufacturing, mining and resources, oil and gas, facilities management, public sector infrastructure, telecommunications, and healthcare. Any organization seeking to optimize asset value can benefit.
ISO 55001 certification costs vary based on organization size, asset portfolio complexity, and geographic spread. Small organizations typically start from $3,500, medium organizations from $6,500, and large asset-intensive organizations require custom pricing. Costs include audit days, technical review, certificate issuance, and first-year surveillance. Contact us for a detailed quote tailored to your organization.
Asset criticality analysis is the process of assessing the relative importance of assets based on their impact on organizational objectives. It considers factors like safety, environmental impact, operational impact, financial impact, and regulatory compliance. Criticality analysis helps prioritize asset management resources, determine appropriate maintenance strategies, and focus management attention on the most important assets.
Yes, ISO 55001 requires documented information about your assets. An asset register is essential for effective asset management, containing information about asset identification, location, condition, performance, criticality, and lifecycle data. The depth and detail depend on asset criticality and organizational needs. The asset register is fundamental to managing assets systematically throughout their lifecycle.
After certification, your ISO 55001 certificate is valid for three years. You'll undergo annual surveillance audits to ensure continued compliance. You must continue operating and improving your AMS, monitoring asset performance, updating SAMP and asset management plans, and demonstrating continuous improvement. During the third year, you'll complete a recertification audit to renew your certificate.
The ISO 55000 series consists of three standards: ISO 55000 provides overview, principles, and terminology; ISO 55001 (the certifiable standard) specifies requirements for the AMS; and ISO 55002 provides guidelines for applying ISO 55001. Together, they provide a comprehensive framework for asset management. Only ISO 55001 is certifiable.
ISO 55001 uses the High Level Structure (HLS), making it easier to integrate with other management system standards like ISO 9001 for quality management, ISO 27001 for information security, and ISO 22301 for business continuity. Many asset-intensive organizations implement integrated management systems covering multiple standards.
Why Choose Glocert for ISO 55001 Certification?
Accreditations
Glocert International is a globally accredited Conformity Assessment Body for ISO/IEC 17021-1:2015 by IAS Inc, USA, a member of the IAF (International Accreditation Forum) and signatory to a number of bilateral, regional and international agreements.
This provides international recognition and acceptance to certificates issued by Glocert International in the following schemes:
- ISO 9001 – Quality Management Systems (QMS)
- ISO 20000-1 – Information Technology Service Management Systems (ITSMS)
- ISO 22301 – Business Continuity Management Systems (BCMS)
- ISO 27001 – Information Security Management Systems (ISMS)
- ISO/IEC 27701 – Privacy Information Management Systems (PIMS)
- ISO 55001 – Asset Management Systems (AMS)
Expertise in Asset Management Auditing
Our team of experienced auditors possess in-depth knowledge of ISO 55001, asset management principles, and industry best practices across asset-intensive sectors. We understand that every organization is unique, which is why we conduct thorough ISO 55001 certification audits that assess your specific asset management requirements, asset portfolio, and compliance with AMS requirements.
Continuous Audit Support
Beyond ISO 55001 certification, we provide ongoing audit services through surveillance audits to help you maintain compliance and demonstrate continuous improvement of your AMS. We pride ourselves in providing the highest standard of audit services in the industry and it is a major reason why more and more organisations choose us as their certification partner for their ISO 55001 certification needs.
Related Certifications
Many organizations combine ISO 55001 with other certifications for comprehensive governance. Consider pairing ISO 55001 with ISO 9001 for quality management, ISO 27001 for information security, or ISO 22301 for business continuity to create a comprehensive management system framework.
Unlock the Full Potential of Your Organization
Contact us today to learn more about our ISO 55001 certification and audit services and how we can verify your organization's asset management system.
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