ISO55001 Asset Management System

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1. Introduction to ISO55001
Asset management is critical for some asset-intensive industries. Directly related to the continuity of production and service,
Product and service quality, cost, personnel safety and environmental impact, and even determine the life and death of the company.
The ISO55001 series of standards is the first management system standard specifically for asset management issued by the ISO, which applies to all types of assets and organizations of all types and sizes.

The asset management system aims to maximize the value of the organization's assets. According to the analysis of the internal and external environment of the organization, determine the organization's policy and strategic asset management plan; determine the asset management objectives based on the risk identification, balance the risk, cost, and performance of the asset's life cycle; conduct asset management decisions; Plan, provide resources to implement asset management plan; check the implementation of the asset management plan and the completion of the target; implement the compliance and effectiveness of the internal audit and management review and inspection system; and re-revise the policy based on changes in internal and external conditions and The strategic asset management plan begins a new round of cycles to create greater value for the achievement of organizational goals.

2, the benefits to the business
1. Improve financial performance: Increase investment income and reduce costs while maintaining asset value without deviating from short-term or long-term organizational goals;
2. Provide information for asset investment decisions: Help organizations improve decision making and effectively balance costs, risks, opportunities and performance;
3. Manage risk: reduce financial losses, improve occupational health and safety, goodwill and reputation, minimize adverse environmental and social impacts, and ultimately reduce liabilities (such as insurance premiums, fines and penalties);
4. Improve service and results: Ensure the performance level of the asset and then improve the service or product to continue to meet or exceed the expectations of customers and stakeholders;
5. Demonstrate social responsibility: improve the organization's ability in energy conservation, emission reduction, climate change, etc., and demonstrate social responsibility and integrity management model;
6. Demonstrate commitments: consciously abide by various legal and regulatory requirements and comply with asset management standards, policies and processes to demonstrate the organization's commitments;
7. Enhance reputation: enhance reputation by improving customer satisfaction and the willingness and confidence of relevant parties;
8. Improve the sustainability of the organization: Effectively managing long- and short-term benefits, costs and performance can help improve the sustainability of the organization's operations;
9. Improve efficiency and effectiveness: Review and improve process, process and asset performance to help increase efficiency and effectiveness and achieve organizational goals.

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