BS ISO 55001:2014

What is ISO 55001 - Asset management requirements about?

This is the second part of an international series of standards that grew out of the hugely successful PAS 55. It outlines requirements relating to this generic definition of good practice in the optimized management of physical assets.  

Who is ISO 55001 - Asset management requirements for? 

• Any organization looking to effectively manage its assets
• Large and small businesses
• Private and public sector
• Senior management
• Asset managers
• Regulatory industries

Why should you use ISO 55001 - Asset management requirements? 

This series of standards gives guidance relating to developing and maintaining a long-term asset management system. This incorporates an organization’s mission, values, objectives, business policies and stakeholder requirements. It also seeks to:

• Facilitate the implementation of key principles with clear direction and leadership
• Achieve staff awareness, commitment and cross-functional coordination
• Obtain adequate information and knowledge of asset condition, performance, risks and costs and the interrelationships between these

The requirements for setting up asset management systems are outlined in BS ISO 55001. This document can be used to prepare an organization for third party audits and certification against BS ISO 55000.

NOTE: the other two parts of the series are:

• BS ISO 55000 provides critical overview, concepts and terminology
• BS ISO 55002 offers interpretation and guidance for such a system to be implemented

What’s changed since the last update?

BS ISO 55001 grew out of the hugely successful PAS 55. A free transition guide to help the transfer from PAS 55 to the new BS ISO 55000 series was specifically designed to ease the implementation of the latest international standards.