Incentive

An 'asset' is something that has potential or actual value to an organisation. Asset Management plays the same fundamental role with regard to business competitiveness as a risk management system. Established primarily for industrial companies and infrastructure managers, the aim is to put in place asset management systems that help to optimise investment and operating budgets to ensure the best possible availability and profitability of equipment throughout its life cycle. ISO 55001:2024 is based on the 'High Level Structure' (HLS), and provides an international framework that sets out the requirements for systematic, data-driven and fact-based asset management. It supports the continuous improvement of the asset management system, including the reduction of associated costs. The benefits of implementing an asset management system include:
- the establishment of an asset management governance structure that makes it possible to
- gain an overview of the entire asset life cycle
- make appropriate decisions to anticipate changes in assets
- identify and make decisions on future investments
- create a common, synchronised understanding between teams
- implement process-based management and proven methodologies
- ensure sustainable asset management within the company
- ensure the traceability of asset-related data and documents
- improve knowledge, both in terms of assets and of how to identify and acquire necessary skills.
SQS has years of professional experience and extensive expertise in validation and certification processes relating to asset management. This explains why the SQS certificate for asset management systems conforming to ISO 55001:2024 is held in high regard and accepted all over the world.

Outcome

ISO 55001:2024 provides the foundation for the continuous improvement of asset management systems, and facilitates the optimisation of investment and operating budgets to ensure the best possible availability and profitability of assets throughout their life cycle.

Target groups

Companies and organizations of all branches and sizes can benefit from this standard. However, it is particularly useful for
- the industry
- the transportation sector and
- the public infrastructure sector.
In addition, it is particularly suitable for companies
- that are strongly affected by the climate change, or contributing to it,
- that want to work in a circular way (circular economy).

Validity

Three years – there is an annual audit to ensure that standards are being maintained and a recertification audit every three years.

Recognition

The SQS certificate of conformity with ISO 55001 has international validity and is recognised worldwide through the IQNET partner network.

Combinations

ISO 55001 (asset management systems) can be combined with ISO 9001 (quality management), ISO 14001 (environmental management), ISO 45001 (occupational health and safety management) and other standards based on the HLS (High Level Structure) to form an integrated management system; this approach provides additional benefits and should be encouraged in many situations.