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ISO 55001

ISO 55001 Certification Standard

Manage the lifecycle of your assets with the ISO 55001 certification standard in as little as 30 days! Certification is faster and easier with Compliancehelp Consulting LLC!

The ISO 55001 Asset Management Standard

The ISO 55001 standard is a globally accepted asset management system standard that offers an easy-to-apply framework for managing assets. The certification helps companies to effectively manage their assets so that the organizational objectives are met. ISO 55001 clauses ensure that companies optimize assets throughout their lifecycle by detecting and mitigating risks. Assets, including physical, financial, and intangible assets are covered by the certification.

The standard’s fundamental focus areas are an asset management system, lifecycle management, risk and opportunity assessment, and stakeholder assurance. With the support of ISO 55001, companies can realize value from their assets. It applies to all organizations regardless of size.

Why Achieve the ISO 55001 Certification for Your Business?

With an effective implementation of the ISO asset management system, management’s decision-making ability is enhanced. Unnecessary costs can be reduced as each asset is utilized according to its overall value. By achieving ISO 55001 with full compliance, your brand benefits from increased stakeholder confidence, a positive brand image, and a steady revenue margin. By supporting companies in meeting regulatory obligations, the standard helps open pathways to international opportunities.

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Best practices that the ISO 55001 Certification Standard promotes are:

  • Aligning effectively with the core organizational practices
  • Promptly managing each asset throughout its lifespan by effective operations, maintenance, and disposal
  • Maximizing the value of each resource and ensuring its long-term efficacy
  • Demonstrating risk-based thinking for continuously identifying and minimizing the impact of disruptions
  • Decision-making based on acquired data and documentation on asset acquisition, investment, and operational strategies
  • Active involvement of the personnel belonging to the leadership positions
  • Stakeholder engagement through inclusiveness and transparent communication
  • Embedding a culture of continuous improvement
  • Compliance with regulatory obligations.

To get the ISO 55001 certification standard, your business needs to consider the following aspects:

  • For effective asset management, companies need to define the organizational context. Management must identify the external and internal issues that can disrupt the asset management operations.
  • Leadership is pivotal. Management commitment towards generating awareness, establishing policies, and setting objectives is necessary for compliance.
  • Management must determine the asset management objectives and take the necessary actions for improving the asset management operations. The plan must include risk assessment and mitigation strategies.
  • ISO 55001 is incomplete without competence, communication, and documented information. That is why it asks for the support of the necessary resources that would enhance effectiveness.
  • Management must implement the plans and establish procedures to execute every strategy for asset management.
  • Like any other ISO standard, the asset management benchmark focuses on performance evaluation and continuous improvement. The management needs to identify every opportunity for process improvement and perform internal audits and reviews to address further non-conformities.

By attaining ISO 55001 certification, your business may see the following potential benefits:

  • With ISO 55001 certification in support, companies can minimize asset investments and reduce costs. Maintenance is controlled; decision-making is optimized.
  • Operational efficiency enhances as the staff become more effective in their roles and responsibilities.
  • The standard helps to create a more reliable and resilient infrastructure that adds to the competitive advantage and strengthens brand reputation.
  • Stakeholder confidence increases as the organization demonstrates social responsibility and commitment to its legal obligations.
  • The asset management strategies align perfectly with the overall business objectives. Therefore, sustainable growth is strengthened gradually.
  • ISO 55001 focuses on transparency in audit and communication. This helps to boost the morale of the staff and enhance stakeholder confidence.

Getting started with the ISO 55001 certification procedure might seem complex to you, but our expert ISO 55001 consultants will make it easier for you with trouble-free steps.

Consultation

In the first step, we will discuss with you the details of the ISO 55001 requirements and provide consultation to help you understand their relevance in your business and processes. Our consultants would then help you plan the next steps to meet the criteria for successful certification within a decided timeframe.

Document Your Asset Management System (AMS)

Our consultants will help you determine the scope and objectives of your management system. Following that, they would evaluate your existing processes to determine what needs to be documented or changed. Subsequently, they would help you to prepare a document of the processes, as required by the standard. The document establishes how your employees should execute the processes to adhere to the standard’s requirements.

Implementation of the management system

Once the documentation is complete, you need to provide training to the employees to ensure the system is practically put into place. Training is necessary to ensure the system is efficiently integrated throughout your organization, and there is consistency in the roles of employees.

Internal Audit

Our team also has expert auditors who will analyze your processes and management system to find out any inconsistencies and nonconformities. They would then provide recommendations to address the identified issues, ensuring your business is fully compliant and certification-ready.

Certification

You need to apply for certification to a certification body or Registrar. They would conduct an external audit and certify your business after confirming compliance with your management system and the standard. Our consultants will help to maintain your certification in the long run by periodically following up and performing surveillance audits.

Benefits illustration

Why Hire the ISO 55001 Certification Consultants from
Compliancehelp Consulting LLC?

Lowest cost

We deliver a lean, custom-fit ISO compliant management system, saving significantly on the often-overlooked, but usually most expensive part of ISO compliance- the implementation stage.

Speed

Everybody knows how lengthy an ISO certification process is! It is difficult to be motivated and focused if certification takes too long. Don’t worry! We can help you gain certification in as little as 30 days, or in even less time than that!

Resources to obtain and maintain certification

ISO compliance does not need to cost a lot to maintain! We minimize the need for internal resources with a lean and compliant ISO quality consulting approach.

Ongoing support

Compliancehelp Consulting LLC can help you manage ongoing compliance on your own, or you can team up with us. Our personalized ISO certification services include monitoring and internal audits as well. Our experts can monitor your Asset Management System to ensure consistency, improvement, and compliance. We can also help make it compliant with future updates to the ISO standard a cinch.

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We are certified to ISO 9001

Certificate Number : C061022

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Frequently Asked Questions

What is the asset management standard by ISO?

ISO 55001 is the internationally acclaimed asset management standard. It sets clear objectives, policies, and requirements for maintaining intangible, human, and financial assets throughout their lifecycle.

Is getting the ISO 55001 certification standard mandatory?

ISO standards are not mandatory in most industries. However, certification acts as a strategic investment for gaining a competitive edge and supporting sustainable growth.

What are the benefits of the ISO 55001 certification standard?

The ISO asset management system standard helps to build resilience by managing assets according to their value. Cost-effective operations, stakeholder confidence, revenue growth, and business sustainability are some of the main advantages your brand can enjoy with the ISO certification.