ISO 55001:2024 — Asset Management
The international standard for asset management — second edition 2024. Enabling organisations to maximise value from physical assets while managing risk, cost, and performance throughout the asset lifecycle.
This certificate is issued by CAS without third-party accreditation for this scheme. It is not within the scope of EGAC Schedule 012418B and is not recognised under the IAF MLA. Per IAF MD 23:2023, CAS clearly differentiates accredited and non-accredited services on every page.
ISO 55001:2024 is the second edition of the international standard for asset management systems, published July 2024 by Technical Committee ISO/TC 251 (Asset management). It cancels and replaces ISO 55001:2014. Main changes: (1) application of the ISO Harmonized Structure; (2) new subclauses on asset management decision-making, the Strategic Asset Management Plan (SAMP), and asset knowledge management; (3) clarification that operational planning includes lifecycle management; (4) clear distinction between addressing risk and opportunities; (5) renaming “preventive action” to “predictive action” (§10.3); (6) stronger emphasis on leadership. It enables organisations to achieve their objectives through effective and efficient management of their assets.
Infrastructure operators, utilities, transport companies, oil & gas organisations, municipalities, facilities managers, and any organisation with significant physical asset portfolios.
- 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