ISO 55001 Asset Management System applies to all physical, financial, human as well as intangible asset irrespective of their size.

ISO 55001 aims to optimize the availability & profitability of your assets throughout their life cycle. It manages the risks & costs of owning assets for continual improvement & Ongoing value creation.

Asset Management is a set of coordinated organizational activities mean to realize the maximum value from its assets. It gathers the required knowledge and tools in utilizing its assets to achieve its intended purpose.

ISO 55001 Asset Management System also cover the design, construction, commissioning, operations, maintenance & decommissioning / replacement of plant /equipment facilities as well as fixed assets & digital / IT assets.

Benefits of an ISO 55001 Certification:

The ability to capture both costs & revenue of physical infrastructure investment is important. If you occur your assets, they will break down, causing delays, repairs and replacements. However, if the asset left idle, then the valuable capital is tied up unproductively with an effective implementation of Asset Management System, Organization will be in better position to lower their cost of ownership over the assets life cycle and improve efficiency and effectiveness of decisions relating to investment, maintenance or disposal. This would help to support business growth by aligning initiatives, process, resources & functional contributions. It would also reduce the risk of interruptions or delays from safety incidents.