About ISO 55001:2024 Asset Management Systems
ISO 55001:2024 is the latest version of the international standard for Asset Management Systems (AMS), replacing the 2014 edition. It provides a structured framework for managing the lifecycle of assets from acquisition to disposal helping organizations maximize value, reduce risks, and improve decision-making.
Key Objectives:
– Ensure effective and efficient asset lifecycle management
– Improve risk management and compliance
– Optimize performance and cost control
– Support sustainability and digital transformation
– Align with other management systems (e.g., ISO 9001, ISO 45001)
What are Assets?
Assets can be:
– Physical (buildings, machinery, vehicles, infrastructure)
– Digital (IT systems, data)
– Financial or intangible assets
Who Can Use ISO 55001:2024?
Applicable to:
– Utilities (water, electricity)
– Oil & gas companies
– Hospitals
– Government entities
– Maintenance and facilities departments
– Infrastructure and construction firms