ISO 55001 was distributed in January 2014 and builds up explicit necessities for actualizing and keeping up a benefit, yet in addition improving that advantage by means of an Asset Management system.

It builds upon PAS55 which had a proven diary specifically within the utility industries. ISO 55001 aims to use this approach across other sectors allowing all businesses to profit from it.

It is designed to supply structure and guidance to an Asset Management System (AMS) to manage and mitigate risk, whilst benchmarking performance across all sectors and improving financial performance in line with organizational growth strategies.

Businesses got to protect the worth of their physical and non-material assets. By guaranteeing to ISO 55001 Asset Management System, your association can bring down expenses, amplify return in speculation (ROI) and advance development all through the benefits life cycle.

Companies are expected to carefully and proactively manage their physical and non-physical assets throughout their life cycle. From machinery to property, to vehicles and buildings, assets must be safeguarded, to take care of value and ensure customer trust and personnel safety.

These standards are often applied to all or any organizational structures of companies, and to all or any sort of assets.

The concrete outcomes contain a growth in effectiveness amid a dramatic drop in cost.

This framework also supports the continual improvement of performance and offers improvements for a corporation of any industry, type, or size.