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
- System Manual
- System Procedure
- Policy
- Objectives
- Mission & Vision
- Standard Operating Procedure (SOP)
- Checklist
- Forms
- Formats
- Records
The extent of Documented Information differs as per:
- Organization’s size
- Activities performed by the organization
- Processes undertaken by the Organization
- Products and services offered by the organization
- The complexity of processes undertaken
- Competence of persons involved
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
- Finding the GAP between existing system related to ISO requirements
- Selecting the appropriate certification body
- Based on the scope of your business & certification body you choose
Week 1
Developing Documents
- Management System Manual, Management System Procedures, Policy, Objectives, Forms etc.
- Review of Standard Operating Procedures (SOP)
Week 4
Implementing Management System
- ISO Awareness training for the top management and staff
- Implementing a well-documented management system throughout the organization
Week 8
Internal Audit
MRM
CAPA
- Internal audits identifying nonconformities related to ISO requirements
- Management Review Meetings
- Corrective and Preventive Action plan for nonconformities
Week 10
Certification Body
Audit
N-C Closing
- Shamkris acts on your behalf and assists you in the third-party audit
- Closing of any nonconformities identified by the certification body
Week 12
Certificate Issued
- ISO certificates issued for 3 years
- Surveillance Audits yearly
Year on Year
Yearly Compliance
- Support of Yearly documentation for audit
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.
- Get commitment and support from senior management.
- Engage the whole business with good internal communication.
- Engage BSI to perform a gap analysis to compare existing processes and procedures with the requirements of ISO 55001.
- Establish an implementation team to get the best results.