QHS045

International Standard for Asset Management

ISO 55001:2014 is a standard for asset management systems that was published in January 2014. It specifies requirements for establishing, implementing, maintaining, and improving asset management systems. The standard can be applied to all types of assets and by all types and sizes of organizations. Its main objective is to help organizations manage the lifecycle of assets more effectively. Organizations that implement ISO 55001 can: Have better control over daily activities Achieve higher return with their assets Reduce the total cost of risk Here are some tips for implementing ISO 55001: Get commitment and support from senior management Engage the whole business with good internal communication Engage BSI to perform a gap analysis to compare existing processes and procedures with the requirements of ISO 55001 Establish an implementation team to get the best results