All organisations have assets. These can be physical, such as vehicles, buildings and equipment, or intangible, such as your brand or intellectual property. Such assets have a value to your business and the ISO 55001 standard helps you protect and enhance that value.
The ISO 55001 standard provides the framework for a structured Asset Management System. This will enable you to manage your business assets across their lifecycle, from acquisition to decommission. The system provides an efficient way to control the risks and costs associated with asset ownership, while supporting continual improvement and value creation
The Standard builds on the Publicly Available Specification 55 (PAS 55), which the Institute of Asset Management (IAM) developed in the UK. The PAS 55 approach has a proven record of success in the utility (water, electric and gas) industries. Now the ISO 55001 standard enables other sectors to benefit from a similarly robust approach to asset management.
The ISO 55001 Asset Management System will equip you with an industry best practice approach to managing assets across their lifecycle. It will provide you with a common language for communicating the value of assets to financial stakeholders, such as investors, credit agencies, bondholders and insurers.
Our expert consultants will work with you and your business to make the certification process as straightforward as possible. This includes helping you make any necessary improvements to your business processes.
Our 3-stage certification process ensures you get the help you need at every step. We can even create your Asset Management System manual for you – saving you time and money.
Once you have achieved ISO 55001 certification, you will need to pass an audit each year. This will ensure your business continues to benefit from complying with the standard. Your first audit will happen one year after you receive your ISO 55001 certificate.
A QMS Consultant will visit your Organisation to review and document your current processes and procedures, highlighting any areas that do not meet the requirements of the Standard.
Now it's time to make sure any required process or procedural changes are made, as highlighted in the Review. QMS can provide templates to assist you in doing this.
Once you have achieved certification the certification cycle will commence. This is made up of surveillance and re-certification audits, one of which must take place each year, around the anniversary of your certification. These visits confirm your continued compliance with the Standard and verify the validity of your certification.
The cost of certification depends on several factors. These include your sector, annual turnover, and number of employees. We will also need to know if you require industry specific accreditation (such as ASCB or UKAS).
However, QMS is committed to providing a cost-effective route to ISO 55001 certification. That’s why we focus on making the process straightforward. We will save you money because, instead of creating complex document trails, we will build an Asset Management System that works for you.
Find out how affordable ISO 55001 certification really is by just using our Fee Calculator. We’ll email you a bespoke quote immediately.
From your first consultation with our ISO specialists through to certification, the process can take as little as 45 days. However, this does depend on the size and complexity of your business.
Remember, we can normally save you time and effort by drafting your Asset Management System manual for you. This can also help you gain certification faster than you would by doing it yourself.
At QMS we are constantly updating our approach and process to meet the latest changes in how ISO 55001 works.
Fri, March 22 2019
How to identify instances of non-conformity within a Management System and why it is important to do so.
Mon, November 26 2018
A Management Review is a formal, structured meeting which involves top management and takes place at regular intervals throughout the year. They are a critical and required part of running an ISO certified Management System. Find out how you can run an effective Management Review
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