ISO 55001:2014
ISO 55001 certification for asset management
Independent certification of how your organisation gets value from its assets across their whole life.
- Valid for
- 3 years
- Surveillance
- Years 1 and 2
- Verification
- Public register
Accredited and empanelled
What is ISO 55001?
ISO 55001 specifies requirements for an asset management system: the way an organisation turns its objectives into decisions about acquiring, operating, maintaining, renewing and disposing of assets. The aim is to realise value from assets while balancing cost, risk and performance over their life.
Central elements are the strategic asset management plan (SAMP), which links organisational objectives to asset management objectives, the asset management plans that follow from it, life cycle decision making and the information the organisation needs about its assets. ISO 55000 provides the overview and vocabulary, and ISO 55002 gives guidance on applying ISO 55001.
Our certificates reference ISO 55001:2014. A revised edition has since been published; at quotation we confirm which edition your audit uses and how any transition affects your cycle.
Who it is for
- Water, power and gas network utilities
- Rail, road, port and airport operators
- Municipal and public infrastructure owners
- Asset-intensive manufacturers and process plants
- Renewable energy operators
- Owners of large property portfolios
What sets audit time and cost
Application to certification decision typically takes twelve to sixteen weeks, as Stage 2 samples asset portfolios and field operations across the scope.
- Number of personnel in scope
- Size and diversity of the asset portfolio
- Geographical spread of assets and depots
- Extent of outsourced maintenance and operation
- Maturity of asset information systems
Why it matters
What ISO 55001 gives you
- 01
Investment decisions justified
Renewal and maintenance spending is traced to objectives and risk, which supports regulators, boards and funders.
- 02
Lower whole-life cost
Life cycle decision making balances capital and operating costs instead of minimising one at the expense of the other.
- 03
Better asset information
Defined information requirements improve the quality of data behind maintenance and investment plans.
- 04
Risk to service understood
Asset risks are linked to the service outcomes they threaten, so attention goes to the assets that matter most.
The audit
What our auditors examine
- 01
Strategic asset management plan
How organisational objectives are translated into asset management objectives and the approach to achieving them.
- 02
Asset management plans
Plans for asset portfolios, with activities, resources, timescales and financial implications.
- 03
Risk and life cycle decisions
Criteria for decisions on acquisition, maintenance, renewal and disposal, and how asset risk is assessed.
- 04
Asset information
Information requirements, data quality and the systems used to hold asset data.
- 05
Outsourced activities
Control of contractors who maintain or operate assets, and how knowledge is retained.
- 06
Asset performance
Monitoring of asset and system performance, and investigation of asset failures and incidents.
How certification works
Every accredited certificate follows the same three-year cycle, with each step recorded and the result published in our register.
01
Application and quote
Tell us your scope, sites and headcount. We calculate audit time under the accreditation rules and send a fixed quote and audit plan.
02
Stage 1 audit
We review your documented management system, scope and readiness, and agree the Stage 2 plan. Any gaps are reported so you can close them first.
03
Stage 2 audit
Auditors check that the system works in practice: interviews, records and observation across the scope. Nonconformities are raised in writing.
04
Certification decision
Once corrective actions are accepted, a reviewer who did not take part in the audit makes the decision. Your certificate is issued and listed in the public register.
05
Surveillance audits
Shorter audits in the first and second years after certification confirm the system is maintained and improving. The register shows your current status throughout.
06
Recertification
Before the three-year certificate expires, a recertification audit reviews the whole system and renews the certificate for another cycle.
Related standards and audits
Often certified or audited alongside this one, sometimes in a single combined audit.
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ISO 50001
Independent certification of an energy management system that measures, controls and improves energy performance.
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ISO 9001
Independent assessment of your quality management system against ISO 9001:2015, by an accredited certification body.
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ISO 22301
Independent certification that your organisation can keep prioritised activities running, or restore them in time, after a disruption.
ISO 55001 questions
We audit; we do not consult.
To keep certification independent, we never design, build or fix the systems we audit, and decisions are made by people who did not take part in the audit. Read our impartiality policy.
Plan your ISO 55001 certification
Tell us your scope, sites and timeline. We reply with an audit plan and a fixed quote.