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ISO 55001

Worldwide Standard for Asset-Management

GOAL

The goal is the integration of asset management within the company to increase the company's success by the efficient use of physical assets (e.g., less downtime, efficient spars inventory).

BENEFITS

Through an implemented asset management system, asset management offers a significant added value, alongside the operating product lifecycle of the physical assets. In asset-intensive industries, there are high expenditures in the operational maintenance of plant availability. For this reason, the asset management system is aligned with the facility management and maintenance areas of companies, whose business function is to secure technical availability and to minimize (constructive) weaknesses – according to the given economic conditions. In addition, an optimized "adjustment" between investments and operational operating expenses of assets aims at the achievement of maximum profitability.

PROJECT CONTENT

In 2010, an ISO committee decided to develop a global standard for asset management and asset management systems:

  • ISO55000:2014 Overview, principles and terminology
  • ISO55001:2014 Management systems Requirements
  • ISO55002:2014 Management systems guidelines for the application of ISO 55001

This series of standards became effective in 2014.

In order to increase the level of awareness and to raise the interest of companies for the asset management system according to ISO 55000, the newly revised Maintenance Award Austria will take ISO 55000 into account.

The Institute of Economics and Business Management at the University of Leoben accompanies interested companies in the implementation of the asset management system according to ISO 55000. A maturity model is used to ascertain the current state of the company with regard to the asset management system according to ISO 55000 and to show improvement potentials of the individual areas. Recommendations for the implementation of the company's asset management system are derived. After that, the company is "ready" to be certified according to ISO 55000.