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Reliability and Maintenance Excellence

Asset Management (ISO 55001)

We stand up a full ISO 55001 management system with a strategic asset plan, lifecycle processes and certification preparation

Programme overview

Asset Management
(ISO 55001)

Asset Management to ISO 55001 builds your asset management system from end to end. Our team puts in place the Strategic Asset Management Plan, the asset information system, the lifecycle processes that carry an asset from planning and acquisition through operation, maintenance and decommissioning, the performance management that keeps it all honest, and the preparation you need for certification. We align the work with ISO 14224 reliability data and with the management review discipline of clause nine.

Asset Management (ISO 55001) Overview
How we deliver it

Our implementation model

We fix the standards that apply to your site before we open at iso 55001 gap assessment, and we do not close at certification & surveillance until they are met.

ISO 55001 Gap Assessment

Assess current asset management against ISO 55001 requirements, identify gaps across context, leadership, planning, support, operation.

Strategic Asset Management Plan

Develop SAMP per ISO 55002, asset management policy, objectives, planning aligned to organisational strategy.

Asset Information System

Build comprehensive asset register, hierarchy, criticality classification, lifecycle data per ISO 14224.

Asset Management Lifecycle

Define lifecycle processes, planning, acquisition, operation, maintenance, decommissioning, per ISO 55001 requirements.

Performance Management

KPIs for asset performance, condition, value, risk, integrate with corporate scorecard and management review.

Certification & Surveillance

ISO 55001 third party certification preparation and surveillance audit cycle.

What the programme covers

Asset Management in full scope

We assess the gap between where you are and ISO 55001
We write your Strategic Asset Management Plan
We set up the asset information system
We design the lifecycle processes that govern each asset
We put performance management in place
We carry you through certification and ongoing surveillance
Asset Management (ISO 55001) Coverage
Business value

Value of Asset Management (ISO 55001)

Asset Risk Discipline
  • Asset risk drives how you set priorities
  • Your most critical assets get attention sized to their safety consequence
  • Hazards are managed across the whole asset lifecycle
  • Decommissioning is handled with proper discipline
ISO 55001 Defence
  • You earn ISO 55001 certification
  • You can show investors and lenders a credible asset management system
  • Your asset records hold up under examination with clear traceability
  • Your programme supports your insurance cover
Asset Performance
  • You can see how your assets are performing
  • Lifecycle cost becomes transparent
  • Capital planning lines up with the real condition of your assets
  • Your reliability programme connects into the system
Asset Management Return
  • Lifecycle cost comes down
  • Capital is put to better use
  • Insurance premiums fall
  • Assets are no longer replaced before their time
Standards & references

Codes & standards we work to

ISO 55001 2014 Asset Management SystemsISO 55002 2018 Implementation GuideISO 14224 Reliability DataISO 31000 Risk ManagementIAM PAS 55 PredecessorSMRP Body of Knowledge
When to engage

Triggers that signal the need

You are aiming for ISO 55001 certificationAn investor or lender has set a requirementAn insurer wants evidence of asset managementA merger or acquisition needs assets brought togetherAn ageing asset base is forcing a capital decision
Industries served

Where Asset Management (ISO 55001) applies

Oil & Gas, Upstream
UpstreamOffshoreFPSO
Refineries & Petrochemicals
RefiningPetrochemical
LNG & Gas Processing
LNGCryogenic
Specialty Chemicals
ReactiveBatch
Power Generation
PowerHydrogen
Pharma & Food
PharmaFood & Bev
What we deliver

Tangible deliverables

  • An ISO 55001 gap report
  • A Strategic Asset Management Plan
  • An asset register and information system
  • A lifecycle process design
  • A performance KPI framework
  • A certification audit pack
Get Started

Send us the scope

We will scope Asset Management (ISO 55001) against your site and come back with what it would take. Tell us where the process is losing time, yield or margin.