CERTIFICATION IN INDIA

ISO 55001:2014 - ASSET MANAGEMENT SYSTEM

What is ISO 55001:2014 AMS?

Assets come in all shapes and sizes, but one thing is for certain all organizations have assets. Assets can be a competitive advantage or can drain your organization’s resources. That’s why it is important to manage your assets effectively and ISO 55001 can do just that.

ISO 55001 is especially relevant in industries that are capital intensive, have significant physical assets to manage, and have high fixed costs. This can include utilities, heavy and light manufacturing, distribution, construction, property management, and transportation. 

ISO 55001 was published in January 2014 and establishes specific requirements for not only implementing and maintaining an asset but also improving that asset via an Asset management system.

It builds upon PAS55 which had a proven track record specifically in the utility industries. ISO 55001 aims to apply this approach across other sectors allowing all businesses to benefit from it.

Benefits of ISO 55001:2014 AMS Certification

Ability to win more business

Procurement specifications often require certification as a condition to supply, so certification opens doors.

Customer Satisfaction

Deliver products that consistently meet customer requirements and a service that is dependable and can be relied on.

Improved stakeholder relationships

Improve the perception of your organization with staff, customers, and suppliers.

Legal Compliance

Understand how statutory and regulatory requirements impact your organization and its customers.

Improved Risk Management

Greater consistency and traceability of products and services means problems are easier to avoid and rectify.

Proven Business Credentials

Independent verification against a globally recognized industry standard speaks volumes.

Who can be certified ISO 55001?

Being ISO 55001 certified means that you are capable of helping your organization in developing an active approach to lifecycle asset management. With ISO 55001 certification you demonstrate your skills in being able to support your organizational growth.

Manufacturing Companies

Service Sector

Hospitals

Drugs and Pharma

Educational

Government Organizations

Research Foundation

Engineering

Shipping Industry

Aerospace

Food

Automotive

Telecom

Textile and Apparels

Medical and Test Lab

Software Development

Document required for ISO 55001 AMS

The extent of Documented Information differs as per:

Role of Shamkris and Process of ISO 55001 - Certification

Shamkris adopts a results-oriented approach to effective system implementation in the organization. A simple and practical method of system implementation helps organizations increase business efficiency and sustainability. Shamkris supports 100% documentation to obtain a certificate of success in addition to enhanced performance.

The implementation process is described below:

Time Frame

Task

Process

Day 1

GAP Analysis
Certification Body
Selection
Cost Estimates

Week 1

Developing Documents

Week 4

Implementing Management System

Week 8

Internal Audit
MRM
CAPA

Week 10

Certification Body
Audit
N-C Closing

Week 12

Certificate Issued

Year on Year

Yearly Compliance

FAQ

ISO 55001 is an asset management system standard, the main objective of which is to help organizations manage the lifecycle of assets more effectively. By implementing ISO 55001 organizations will have better control over daily activities, achieve higher returns with their assets, and reduce the total cost of risk.

Top tips for implementing ISO 55001
  1. Get commitment and support from senior management.
  2. Engage the whole business with good internal communication.
  3. Engage BSI to perform a gap analysis to compare existing processes and procedures with the requirements of ISO 55001.
  4. Establish an implementation team to get the best results.
As an individual, if you wish to become an “official” ISO 55000 Assessor/Auditor – one who is part of a team that can officially accredit organisations as being compliant with the requirements of ISO 55001 – then you will need to either be employed by, or contract your services to, a Conformity Assessment Body (CAB)
Asset management refers to the management of investments on behalf of others. The process essentially has a dual mandate – appreciation of a client’s assets over time while mitigating risk. … The role of an asset manager consists of determining what investments to make, or avoid, that will grow a client’s portfolio.