What does ISO 55001 cover?
ISO 55001 addresses the system used to obtain value from assets across their lifecycle. It connects organizational objectives with asset decisions, responsibilities, information and performance review.
Who it is for
Asset owners and operators balancing performance, lifecycle cost and risk.
Key areas to understand
Start with these areas. Identify which requirements apply to your activities and who is responsible for them.
- 1Link asset objectives to organizational priorities.
- 2Make lifecycle decisions using cost, risk and performance.
- 3Maintain information and competence needed to manage assets.
Evidence to prepare
This list is a starting point. Check the standard for all required documents. For each item, record who is responsible, the activity or site it relates to, and a recent example showing how it works.
- Asset management objectives and plans
- Asset register and criticality assessment
- Maintenance and condition information
- Investment decision records
- Performance and risk reviews
Keep records that explain what was checked, which requirement was used and who checked it. Include any action taken when a requirement was not met. Link each record to the work it supports.
An internal audit example
Suggested checks from 4Auditee
Choose a critical asset with repeated downtime. Compare the maintenance history with its risk assessment and replacement plan. Ask who decided to repair, replace or continue operating it, and which service, cost and risk information informed that decision.
Choose a sample that suits your activities and risks. If you find a gap, record the requirement, the evidence and what was missing. Check more examples if the first results suggest a wider problem.
A common problem to check
A maintenance schedule is only one part of asset management. Audit acquisition, change and end-of-life decisions as well.
Prepare for assessment
The assessment type for this guide is management-system certification. Confirm the requirements, what will be assessed and how the assessment will work with the responsible body or customer. These steps help you prepare. You must also follow the scheme’s official rules.
- Define what is covered. List the products, services, activities and sites. Record the standard edition, additional scheme rules and customer requirements.
- Find what is missing. Compare the requirements with current work. Prioritise gaps by risk. Assign someone responsible and a completion date.
- Keep records of everyday work. Check a sample of actual records and speak with the people involved. Make sure they understand their responsibilities.
- Check the results. Complete internal reviews and audits. Check that corrective actions worked before closing problems.
From one site to many
Make it easy to find who is responsible at each site. Keep company policies separate from records of local work. Link each site’s records to its activities, risks and requirements so you can spot gaps at individual sites.
Sites that share a management system do not automatically qualify for one certificate or assessment. Confirm which sites can be included and how they will be checked with the assessment body.
About this guide and its sources
4Auditee wrote this guide using the public source below. The evidence list, audit example and preparation steps are our suggestions. Read the official standard and scheme rules for the full requirements. This guide does not include the standard’s full text or provide certification.
DNV: ISO 55001 reference information