Asset management. Asset management system. Requirements
Asset management. Asset management system. Requirements
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What is BS ISO 55001 - Asset management system about? The second in a series on asset management, BS ISO 55001:2024 specifies requirements for a long-term management system that manages tangible and intangible organizational assets. It is complemented by BS ISO 55000, which provides an overview, principles and terminology; and BS ISO 55002, which gives guidance for its application. Who is BS ISO 55001 - Asset management system for? Those who would benefit from implementing this standard include:
any organization looking to effectively manage its assets large and small businesses private and public sector senior management asset managers regulatory industries
Why should you use BS ISO 55001 - Asset management system?
Performance improvements: Effective and efficient management of short and long term opportunities improves sustainability, allowing the organization to consistently meet or exceed the performance and social responsibility expectations of stakeholders. Cost improvements: An asset management system facilitates improved return on investment and cost reduction metrics without sacrificing short or long term organizational performance. Additionally, it improves the asset value to advance the bottom line. Risk management: The ongoing review of processes, procedures, and asset performance enables informed management decisions that balance cost, risk, and performance data to improve organizational efficiency and effectiveness. Assurance of business growth and improvement: A robust asset management system aids improvements with formal, collaborative, prioritized and coordinated implementation plans that enable the entire organization to communicate and understand the goals and commitments. Reliable decision making: Implementing an asset management system ...
Standards mentioned in the description
