Maximizing the life-cycle return on investment for capital assets, without compromising on safety or risking the environment is critical in today’s complex multi-stakeholder situations. How can you demonstrate you have embedded asset management best practice and differentiate your organization from others?
What is ISO 55001?
The ISO 55000 series of standards has brought the most successful publicly available specification: PAS 55 to organizations globally, bringing consistent terminology, guidance and a robust management systems framework built upon 24 best practice aspects to the discipline of asset management. ISO 55001 Asset Management System (AMS) implementation drives cost efficiency, value creation and risk management across the life-cycle of assets, from their design and fabrication or construction through commissioning, operations, maintenance, modification and renewal to their eventual disposal or decommissioning.
WHAT ARE THE BENEFITS OF ISO 55001?
• Manage an asset throughout its lifetime to improve performance• Identify risks and balance them against cost efficiency in all decisions• Improve return on investment or optimize growth across the asset life-cycle• Create a common language between operational and financial departments• Foster the sharing of asset management best practices between departments and sites• Reduction of cost• Priority setting for asset management maintenance