By CAS
ISO 55001:2024 — Asset Management
The international standard for asset management — enabling organisations to maximise value from physical assets while managing risk, cost, and performance throughout the asset lifecycle.
By CAS
ISO 55001:2024
ISO 55001:2024
AMS
What is Asset Management Systems?
ISO 55001:2024 specifies requirements for the establishment, implementation, maintenance, and improvement of a management system for asset management. It enables organisations to achieve their objectives through the effective and efficient management of their assets.
Who Is This For?
Infrastructure operators, utilities, transport companies, oil & gas organisations, municipalities, facilities managers, and any organisation with significant physical asset portfolios.
Key Benefits
- Optimised asset lifecycle costs and performance
- Improved risk management for critical assets
- Better capital planning and maintenance decision-making
- International recognition for asset-intensive industries
- Required for some infrastructure and utility regulatory frameworks
- Supports ESG reporting through systematic asset performance data
Certification Process
1
Application & Review
Submit your application. CAS reviews your organisation's scope, personnel, sites, and activities to prepare a detailed audit time calculation and formal commercial proposal.
2
Stage 1 — Document Review
On-site or remote review of your management system documentation, readiness assessment, and confirmation of Stage 2 audit scope and plan.
3
Stage 2 — On-site Audit
Full on-site audit of the implemented management system against the standard's requirements. Findings are reported; nonconformities must be closed before certification.
4
Certification Decision
CAS's independent certification committee reviews the audit findings and issues the certificate. The certificate is valid for 3 years.
5
Surveillance & Recertification
Annual surveillance audits (~1/3 of initial audit time) maintain certification. Recertification audit (~2/3 of initial time) is conducted before certificate expiry to renew for a further 3 years.
Frequently Asked Questions
ISO 55001 primarily addresses physical assets — infrastructure, plant, equipment, and facilities. It can be applied across any asset-intensive organisation regardless of sector.
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