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ISO 55001

ISO 55001 — Asset Management — Asset Management System — Requirements

The international standard specifying the requirements for establishing, implementing, maintaining and continually improving an asset management system.

Definition

ISO 55001 specifies the requirements for establishing, implementing, maintaining and continually improving an Asset Management System (AMS). It enables organizations to manage assets systematically throughout their lifecycle, balancing performance, cost, risk and sustainability while aligning asset management activities with organizational objectives.

Why It Matters

ISO 55001 defines the auditable requirements for implementing an effective asset management system.

In Practice

Organizations may seek independent certification against ISO 55001 to demonstrate that their asset management system conforms to internationally recognized best practices.

Common Misuse

ISO 55001 specifies the requirements for an asset management system, whereas ISO 55000 provides the supporting concepts, terminology and principles.

Term Details
Synonyms:
ISO 55001; Asset Management System; AMS; ISO Asset Management
Classification:
Standards, Codes & Regulations
Standard
Intermediate
Applications

Standards, Codes & Regulations; Asset Management; International Standards.

Where It's Used

Asset-intensive industries.; Infrastructure.; Utilities.; Manufacturing.; Oil and gas.

References

ISO 55001

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