What is ISO 55001:2014 ?

ISO 55001:2014 is an international standard that outlines the requirements for an effective asset management system. It is part of the ISO 55000 series, which includes ISO 55002:2014, the standard for the implementation, management, and maintenance of an asset management system.

ISO 55002:2014 is designed to provide organizations with a framework for establishing, implementing, maintaining, and improving their asset management systems. The standard provides guidance on key components such as asset identification, tracking, and reporting, as well as the development and implementation of an asset management plan.

ISO 55002:2014 also emphasizes the importance of ongoing monitoring and improvement of the asset management system. It encourages organizations to regularly review and update their asset management processes to ensure that they are aligned with their overall business strategy and goals.

In conclusion, ISO 55002:2014 is an essential standard for organizations looking to improve their asset management systems and achieve the desired outcomes. By following the guidelines outlined in this standard, organizations can ensure that their assets are managed effectively and efficiently, leading to improved performance, reduced costs, and increased stakeholder confidence.