ISO 55001:2024 — Asset Management
The international standard for asset management — second edition 2024. Enabling organisations to maximise value from physical assets while managing risk, cost, and performance throughout the asset lifecycle.
Standard
ISO 55001:2024
Service type
By CAS
Issued under
CAS — own authority
Standards & technical basis
Certified standard
ISO 55001:2024
Certification-body competence
ISO/IEC 17021-1:2015 · ISO/IEC TS 17021-5:2014
CAS audits and certifies to the requirements of ISO/IEC 17021-1:2015 and ISO/IEC TS 17021-5:2014 — which sets the competence requirements for auditing and certification of asset management systems.
Mark & recognition
Issued by CAS under its own authority — carries the CAS mark and does not bear the EGAC or IAF marks.
What it is
ISO 55001:2024 is the second edition of the international standard for asset management systems, published July 2024 by Technical Committee ISO/TC 251 (Asset management). It cancels and replaces ISO 55001:2014. Main changes: (1) application of the ISO Harmonized Structure; (2) new subclauses on asset management decision-making, the Strategic Asset Management Plan (SAMP), and asset knowledge management; (3) clarification that operational planning includes lifecycle management; (4) clear distinction between addressing risk and opportunities; (5) renaming “preventive action” to “predictive action” (§10.3); (6) stronger emphasis on leadership. It enables organisations to achieve their objectives through effective and efficient management of their assets.
Who needs it
Infrastructure operators, utilities, transport companies, oil & gas organisations, municipalities, facilities managers, and any organisation with significant physical asset portfolios.
Benefits of certification
- Optimised asset lifecycle costs and performance
- Improved risk management for critical assets
- Better capital planning and maintenance decision-making
- International recognition for asset-intensive industries
- Required for some infrastructure and utility regulatory frameworks
- Supports ESG reporting through systematic asset performance data
Frequently asked questions
Common questions
What types of assets does ISO 55001 cover?
ISO 55001 primarily addresses physical assets — infrastructure, plant, equipment, and facilities. It can be applied across any asset-intensive organisation regardless of sector.
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