In economics, assets refer to fixed assets, property, capital investments, goods and real estate. However, other assets or competencies are also included: everything that a company has at its disposal in terms of material and intangible resources. Each asset is owned by a person or company and can be valued in monetary terms.
For whom is an ISO 55001 certification relevant?
The globally applicable DIN ISO 55001 standard provides a useful framework, particularly for capital-intensive industries in which assets such as buildings, infrastructure and equipment are crucial to sustainable performance and profitability.
These include in particular:
Energy service providers
Infrastructure companies
Logistics and industrial companies
The utilities sector.
Benefits of an ISO 55001 certification
Overview
You get a unified framework for determining the value of your assets and managing them throughout their entire lifecycle.
Economic Efficiency
You increase profitability and reduce the costs associated with owning assets.
Customer Loyalty
By meeting the needs and expectations of your customers, you improve customer satisfaction.
Complete Control
With your comprehensive overview, you can make quick and transparent decisions and fulfil your corporate responsibilities.
Foresight
Sustainability ensures a longer service life and thus services that are fairly financed over several generations.
The international ISO 55001 standard ‘Asset Management – Management Systems – Requirements’ has created a uniform framework for coordinating and structurally managing financial, operational, maintenance, risk and other asset-related activities. Asset management deals with the entire life cycle of assets and affects a wide variety of areas, functions and employees within an organisation.
The standard originated from the British standard PAS 55 and follows the approach of defining all tangible assets (machinery, equipment, buildings, infrastructure) and intangible assets (human capital, reputation) as individual assets and evaluating them according to cost, performance and risk. The instruments used for this can be based on different approaches, such as life cycle or risk potential analyses.
Essentially, the international standard is primarily intended to be used to
establish, implement, maintain and continuously improve uniform asset management (AM)
offer asset management activities and services
demonstrate compliance with legal, contractual and other binding requirements to internal and external stakeholders.
Like all current ISO management standards, ISO 55001 is based on the High Level Structure and is therefore similar in structure to ISO 9001 and ISO 14001, among others. There are also parallels with the ISO 31000 risk management standard. The topic of asset management can therefore be easily integrated into an integrated management system in order to achieve significant efficiency gains and secure the trust of stakeholders. Together with the dynamic development on national and international markets, this is leading to a significant increase in demand.
