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ISO 55001 is a standard that sets the requirements to establish, implement, maintain and improve an asset management system. The Asset Management System helps the organizations to manage their assets, in their entire lifecycle, from acquisition to decommission. This management system assists the organizations to manage the risks and costs associated with their assets, in an effective manner that supports continual improvement and on-going value creation.
This standard can benefit all asset-intensive organizations, public or private, regardless of its size or activity, with either tangible or intangible assets. Examples of such organizations include:
• Infrastructure and industrial sectors (energy - production, transmission and distribution, water and wastewater services, telecommunications, railways, urban transit, etc)
• Infrastructure-oriented "public services" (airports, hospitals, roads, etc)
• All economic sectors where production or services are regulated by government agencies
• Capital-intensive industries and high value-added companies (mining, petrochemical, manufacturing, etc)
• Real estate sector (residential, commercial, cultural, etc)
• Service organizations (software, consulting, professional services, etc).
ISO 55001:2014 is structured in 10 sections, being also aligned with the structure of ISO 9001:2015 and ISO 41001:2018 (for facility management). It sets the requirements for the asset management of an organization, focusing on the application of the best practice approach to managing the lifecycle of assets, the satisfaction of interested parties’ requirements, the motivation and implication of top management, the establishment and monitoring of objectives and the continual improvement. The ‘Plan-Do-Check-Act’ principle also applies to this standard.
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