Asset Management Systems

Asset Management Systems are becoming an expected normal practice in mature organisations around the globe. An asset is deemed to be something that has potential or actual value to an organisation. Many sectors and countries have used the term asset management for decades; for example the financial services sector has used the name to describe the juggling of different investment options, their financial return, security and the risk.

Effective and efficient asset management enables organisations to achieve their objectives consistently and sustainably over time.

International Certifications can assess and certify your organisation’s Asset Management System to ISO 55001:2014 to get the best asset management credentials in the market.


The key benefits of ASSET MANAGEMENT SYSTEMS:

  • Measure and monitor asset lifespans
  • Identify and Manage the risks relating to asset failure or degradation
  • Demonstrate good asset management to stakeholders
  • Prepare for legislative requirements related to energy management
  • Improved financial performance
  • Improved risk management strategies
  • Improved organisational sustainability
  • Optimise your maintenance program

What is ISO 55001?

ISO 55001:2014 is an internationally recognised management system standard that provides a framework to manage your organisation’s assets. So even if you manage your company assets already, this standard can help you to formalise this process in a similar way as other management systems do by applying the Plan-Do-Check-Act cycle that will drive continual improvement. If you are not managing your organisation’s assets yet, this standard will give you a good starting point by providing a systematic approach.

The requirements of the standard are similar to most other management system standards but with focus on the energy management component of the business. The key requirements include:

Commitment and Policy – Management must demonstrate commitment to the Asset Management System by providing adequate resources and establishing a policy statement that sets out the foundation of the asset management system and aid continual improvement in good asset management.

Planning – Risks and opportunities to asset management must be addressed, appropriate objectives set and plans implemented to achieve them.

Support – Resources must be provided and staff adequately trained on the requirements of the system.

Operation – Relevant monitoring and measuring programmes and indicators must be established to ensure attainment of energy objectives and targets can be measured. Compliance to legal and other obligations must be evaluated and internal audits of the system must be performed.

Review of the energy management system – The energy management system must be reviewed for its effectiveness at regular intervals to ensure improvement in energy performance is achieved.

ISO 50001 offers a best practice approach to achieve energy efficiency, whatever the nature of your business. The standard will help you meet your environmental and carbon reduction targets as part of improved energy performance. It can be part of your environmental management system but will give you a structured approach to tackle energy management and help you to take a structured approach towards measuring and monitoring how much energy you use. After all ISO 50001 will improve your energy performance, lower your energy bills and reduce your carbon emissions.

 

International Certifications offer the following certification programs for ASSET MANAGEMENT SYSTEMS:


ISO 50001:2014 – Asset Management Systems (www.iso.org)

ISO 55001:2014 is based on the management system model of continual improvement also used for other well-known standards such as ISO 9001 or ISO 14001. This makes it easier for organizations to integrate energy management into their overall efforts to improve quality and environmental management.

ISO 55001:2014 provides a framework of requirements for organizations to:

  • Develop a policy for more efficient use of energy
  • Fix targets and objectives to meet the policy
  • Use data to better understand and make decisions about energy use
  • Measure the results
  • Review how well the policy works, and
  • Continually improve energy management

For the ISO 55001 brochure from the ISO website click here


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