Asset Management is a set of coordinated organizational activities mean to realize the maximum value from its assets. It gathers the required knowledge and tools in utilising its assets to achieve its intended purpose.
ISO 55001 Asset Management System applies to all physical, financial, human as well as intangible assets irrespective of their size. ISO 55001 aims to optimise the availability and profitability of your assets throughout their lifecycle. It manages the risks and costs of owning assets, for continual improvement and ongoing value creation.
ISO 55001 Asset Management System also covers the design, construction, commissioning, operations, maintenance and decommissioning / replacement of plant, equipment, facilities, as well as fixed assets and digital / IT assets.
ISO 55001 Asset Management System also helps to put in place an implementation system, including;
- Leadership and commitment
- Risk and opportunity management
- Change management
- Performance evaluation
- Asset management policy and objectives
- Operational planning and control
The ability to capture both costs and revenue of physical infrastructure investment is important. If you overuse your assets, they will break down, causing delays, repairs and replacements. However, if the asset is left idle, then valuable capital is tied up unproductively.
With an effective implementation of Asset Management System, organisations will be in a better position to lower their cost of ownership over the asset’s lifecycle and improve the efficiency and effectiveness of decisions relating to investment, maintenance or disposal. This would help to support business growth by aligning initiatives, processes, resources and functional contributions. It would also reduce the risks of interruptions or delays from safety incidents.
TÜV SÜD is a leading global technical solutions provider for product testing, inspection, auditing and training solutions. TÜV SÜD experts will conduct onsite certification audit of your asset management system and will submit the evaluation of findings in a report.
Upon successful certification audit, the surveillance audits could help you to optimise the performance of your assets throughout its lifecycle. TÜV SÜD is also an International Asset management (IAM) Endorsed Exam Centre, where interested parties can take the IAM Certificate and Diploma Exams to be an AMS veteran.
We have the resources to meet quality requirements of the IAM, the professional body for those involved in acquisition, operation, and care of physical assets.