ASSET MANAGEMENT - ISO 55001

ASSET MANAGEMENT – ISO 55001 is a quality framework that specifies requirements for any asset management system. The framework is designed to standardise effective asset management practices.

It is an internationally recognised standard for achieving an integrated management system for asset management. Having grown out of PAS 55, ISO 55001 is being widely adopted in utilities, transport, mining, process and manufacturing industries worldwide.

Applicable of ISO 55001:

ISO 55001 sets out criteria for an asset management system to proactively realise the value of an organisation’s assets.

It manages risks and improves performance through informed decision making, associated with asset life cycle.

It establishes assurance for customers and regulators – where assets play a key role in the provision and quality of products and services.

It gives confidence to stakeholders through the knowledge that a strategy is in place to ensure that assets meet the necessary safety and performance requirements.

Contact

ISO Consultants Pte. Ltd. 30 Petain Rd, Singapore 208099.
+6585993818
info@isoconsultant.sg

Brochures

View our 2020 Data Protection Trustmark brochure for an easy to read guide on all of the services offer.

ISO 27001 BROCHURE

Characteristics

Standardized Asset Management Strategies and Outcomes Asset management strategies and outcomes can vary across departments and locations. ISO 55001 provides a standardized framework that ensures consistent asset management practices and results across the organization, improving efficiency and alignment with business objectives.

Develop Resilient Risk Management Practices Risk conditions are constantly changing. Adopting ISO 55001 helps your organization build resilience to these evolving risks, particularly those related to asset safety and operational compliance. This approach ensures you are better prepared to manage and mitigate risks effectively.

Develop Resilient Risk Management Practices: Enhance Reputation through Asset Management Compliance ISO 55001 certification demonstrates your organization’s adherence to legal, operational, statutory, and regulatory requirements. This certification not only ensures effective risk management but also strengthens your reputation, which can positively impact sales growth and stakeholder trust.

Enhance Financial Performance through Asset Lifecycle Management ISO 55001 standardizes your asset lifecycle management, improving asset longevity and efficiency. This results in optimized performance and reduced costs, ultimately driving positive financial returns for your organization.

INITIAL ASSESSMENT CUSTOMIZED PLANNING IMPLEMENTATION SUPPORT TRAINING & CAPACITY BUILDING MONITORING & IMPROVEMENT

Conduct a thorough assessment of the organization's current asset management practices, capabilities, and compliance gaps.

Develop a tailored implementation plan and timeline, taking into account the organization's unique objectives, resources, and constraints.

Provide hands-on support and guidance throughout the implementation process, working collaboratively with key stakeholders to address challenges and facilitate progress.

Deliver targeted training programs to build awareness, knowledge, and skills among personnel, ensuring widespread adoption and ownership of the asset management system.

Establish mechanisms for ongoing monitoring, measurement, and evaluation of asset management performance, fostering a culture of continuous improvement and innovation.

Submission of Request for Information (RFI)

Issuance of Quotation

Submission of Application

Stage 1 Audit

Stage 2 Audit

Recommendation & Approval

Issuance of Certificate

Surveillance and Recertification Audit

STAGE - 1 GAP ANALYSIS STAGE-2 AWARENESS TRAINING STAGE-3 DESIGN & DEVELOPMENT OF AMS MANUAL, PROCEDURE & FORMS STAGE-4 IMPLEMENTATION TRAINING STAGE-5 CONDUCT INTERNAL AUDITORS TRAINING AS PER ISO 55001:2014 GUIDELINES STAGE-6 FACILITATE INTERNAL AUDIT STAGE-7 FACILIATE MANGEMENT REVIEW STAGE-8 ASSISTANCE DURING CERTIFICATION AUDIT STAGE-9 CLOSURE OF NON CONFORMANCES (NCs) IF ANY STAGE-10 ATTAIN ISO 55001:2014 CERTIFICATE FROM CERTIFICATION BODY

Gap Analysis: ISO Consultants Pte. Ltd. will assist in conducting a comprehensive gap analysis to assess the organization's current quality management practices and identify areas for improvement.

Conduct ISO 55001:2014 Awareness Training: ISO Consultants Pte. Ltd. will provide training sessions to raise awareness among key personnel and employees about ISO 55001:2014 requirements and the benefits of implementing a AMS.

Provide hands-on support and guidance throughout the implementation process, working collaboratively with key stakeholders to address challenges and facilitate progress.

Implementation Training: ISO Consultants Pte. Ltd. will conduct training programs to educate employees on the implementation of the AMS, including specific processes, procedures, and requirements.

Conduct Internal Auditors Training as per ISO 55001:2014 guidelines: ISO Consultants Pte. Ltd. will provide comprehensive training to selected employees, enabling them to become competent internal auditors as per ISO 55001:2014 guidelines.

Facilitate Internal Audit: ISO Consultants Pte. Ltd. will guide and support the organization in conducting internal audits, ensuring adherence to ISO 55001:2014 requirements and facilitating effective evaluation of the AMS.

Facilitate Management Review: ISO Consultants Pte. Ltd. will assist in facilitating management review meetings, providing guidance to top management in evaluating the performance of the AMS and making informed decisions for improvement.

Assistance during Certification Audit: ISO Consultants Pte. Ltd. will provide guidance and support during the external certification audit process conducted by an accredited certification body, ensuring a smooth and successful audit.

Closure of Non-Conformances (NCs) if any: ISO Consultants Pte. Ltd. will assist the organization in addressing any non-conformances identified during the certification audit and implementing appropriate corrective actions.

Attain ISO 55001:2014 Certificate from Certification Body: With the assistance of ISO Consultants Pte. Ltd., the organization will receive the ISO 55001:2014 certificate from the certification body, validating the successful implementation of the AMS and compliance with international standards

Phases of Consultancy Programs for ISO 55001:

(Gap Analysis) Evaluate your current practices against ISO 55001 standards. Identify improvement areas with a detailed roadmap. Strategic Asset Management Planning (SAMP)

Develop a customized asset management plan aligned with business objectives. Policy and Framework Development

Create essential policies for risk, lifecycle, and sustainability management. Asset Inventory and Classification

Build a comprehensive asset register with criticality assessment. Risk and Performance Management

Design risk mitigation plans and establish KPIs for continuous performance monitoring.

Implementation and Certification Support

Guide you through ISO 55001 implementation and prepare for certification audits.

EMPOWERING SMARTER ASSET MANAGEMENT INDUSTRIES WE SERVE

At ICPL, we specialize in helping organizations implement ISO 55001
Asset Management Systems to optimize asset performance, reduce risks, and align with strategic goals.

Our ISO 55001 consultancy services are tailored to a wide range of industries, including:

Manufacturing: Optimize plant and machinery performance.
Real Estate: Enhance lifecycle management of buildings and facilities.
Transportation: Improve fleet management and operational efficiency.
Utilities: Ensure reliability and compliance for critical infrastructure.
Training Academies: Manage physical and digital assets supporting education delivery.

ISO 55001:2024 – Asset Management System