What is ISO 55001?
ISO 55001 is an asset management system standard whose major goal is to help enterprises better manage asset lifecycle management. Organizations will have better control over everyday activities, a higher return on their assets, and a lower total cost of risk by applying ISO 55001.
This standard can be used to any company's organisational structure as well as any sort of asset. The tangible outcomes include increased effectiveness and a significant reduction in unit cost. This framework also encourages continuous performance improvement and provides enhancements for every industry, kind, or size of business.
Why Asset Management is important for you?
By allowing you to meet stakeholder, business, and regulatory obligations, ISO 55001 will steer you toward major asset management improvements. It is the company's most effective defence in terms of cost-cutting and time-saving. You will be able to use your available assets wisely and get more out of their usage while giving extra value to the business if you effectively manage the assets.
It is intended to assist you in the correct management of processes and hazards, resulting in increased present and future corporate performance. Furthermore, implementing an ISO 55001-compliant Asset Management System allows the business to integrate its objectives with asset management system objectives, resulting in the organisation attaining its desired outcomes. Furthermore, because the goal of asset management is to achieve organisational goals, ISO 55001 links the organization's goals with asset management goals.
What Is ISO 55001 Certification?
Being ISO 55001 accredited implies you can assist your company in adopting a proactive approach to asset lifecycle management. With ISO 55001 certification, you can show that you know how to assist your company's growth by:
- Managing assets properly;
- minimising and managing risk; and
- increasing your company's financial performance
In today's world of complicated and ever-changing financial markets, ISO 55001 certification is critical for demonstrating the ability to run a more streamlined operation and maintain a positive business image. Furthermore, this accreditation allows you to set yourself apart from other Asset Management specialists.
Benefits of ISO 55001 Asset Management
IQSB ISO 50001 Certified individuals will have the opportunity to gain many benefits, but not limited to:
- Cash flow development that is both viable and reliable
- Ability to control the lifecycle of an asset
- Capacity to guarantee that assets perform their required functions
- Encourage progress and expansion of your business.
- Assist an organisation with the creation, implementation, maintenance, and improvement of an Asset Management System.
- Profitability will rise.
- Manage the risk of asset ownership.
- Improve the brand's image