ISO 55001 Certification: It’s Easy If You Do It Smart

The International Organization for Standardization (ISO) introduced ISO 55001 Series in 2014. This series contains three vital documents, including-

• ISO 55000:2014-Asset Management 

• ISO 55001:2014

• ISO 55002:2014

As the title indicates, ISO 55001 consists of definitions of key terms along with the key principles, which may influence the other two documents. You might be thinking why you would spare your valuable time on this asset management certification. Well, we can provide you with a number of compelling reasons. Like any ISO certification, it has a bunch of benefits. 

Let’s get into the benefits of ISO 55001 certification:

By implementing the ISO 55001 Asset Management Standard in your organization, you will be able to control and reduce the maintenance costs through lower service callouts rate and better workforce productivity.

By adopting analytics techniques based on reliability-centered maintenance, you will be able to identify which assets need maintenance immediately and what can be delayed for a time being. 

Having an Information Management Plan with data strategy will enable you to make firm decisions at the right time. Usage and performance of particular assets and organizations will help you make a sound decision about asset maintenance.

ISO 55001 offers certain utilities that can protect you from the threats of lawsuits for compensation regarding the accuracy of your records.

You can improve the relationships between services, assets, and pricing for carrying out the argument forward so that you can control the price with key stakeholders.

ISO 55001 Standard helps you negotiate with risk-averse insurance companies. This way you will be able to reduce your insurance premiums.

Gaining certification to ISO 55001 Standard would not a difficult task if you do it smart! We have come up with some smart tips for you that can make your task easier.

Let’s start with an asset management policy:

Policy plays an important role in the process of gaining ISO certification. This is important for ISO 9001 certification as well. Let’s have a look at some vital aspects that you should consider while planning for an asset management policy:

• Make it relevant to your business

• Clearly define the framework you have used for setting asset management requirements

• Demonstrate your commitment to meeting the applicable requirements

• Establish your commitment to continual improvement for the asset management system

Always remember that an effective plan will ensure your ISO 55001 certification. When it comes to Asset Management, planning becomes a bit tricky. You may take into consideration a couple of vital facts, such as:

Current and Desired Levels of Services- Clear depiction of the asset management objective and desired outcomes

Owners and Stakeholders- A brief account of the key factors you and your stakeholders are expecting to drive out of the asset management services 

Health, Safety, and Environment- A short description of any health and safety issues that may have an impact on asset management

Life Cycle strategies- A short account of the approach essential to each phase of an asset’s life cycle

Budget- A detailed description of the budget including required and allocated resource management

Risks-A synopsis of the key asset management risks

Actions- A rundown of highly prioritized actions that can address the gaps, including:

• Acquisition of additional assets

• Disposal system in the case of old assets

• Usability of centered Maintenance Techniques

• Asset modification

• Operator-driven reliability program

Getting prepared for the certification process would not be a problem for you if you can employ a systematic and smart approach. Hiring professionals for consultation would make your task far better, faster, and easier! Before starting the process, have a look at your business set up; consider how prepared your business is for this implementation.

 

This is all that can take you to your ultimate destination. All the Best!

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