Evaluating asset management efficiency is critical today in a world where globalization is internationalizing asset portfolios and stakeholder and performance expectations are higher than ever.
The ISO 55001 Asset Management System (AMS) is a new standard targeting asset management in order to improve the effectiveness and efficiency of that management system and thereby achieve sustainable business objectives.
ISO 55001 AMS implementation drives cost efficiency, value creation and risk management across the lifecycle of assets, from their design and fabrication or construction through commissioning, operations, maintenance, modification and renewal to their eventual disposal or decommissioning. ISO 55001 AMS can be applied to any type of organization, large or small, public or private with a portfolio of physical infrastructure, equipment, human or informational assets to manage.
Benefits of ISO55001 AMS include:
Manage an asset throughout its lifetime to improve performance
Identify risks and balance them against cost
Improve return on investment or optimize growth across the asset lifecycle
Create a common language between operational
Foster the sharing of asset management best practices between departments and sites
Reduction of cost
Priority setting for asset management maintenance
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