Accreditation for Asset Management Systems

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Accreditation for asset management systems refers to the process of evaluating and certifying that an organization has a management system in place for the effective and efficient management of its assets. Assets can include physical assets such as buildings, equipment, and infrastructure, as well as intangible assets such as intellectual property, data, and financial assets.

To obtain accreditation for an asset management system, an organization must typically demonstrate that it has the necessary policies, processes, and procedures in place to effectively manage its assets. This may include demonstrating that the organization has appropriate staffing levels, that it follows established best practices and guidelines, and that it has systems in place to monitor and improve the performance of its assets.

There are several different accreditation standards that may be applicable to asset management systems, depending on the specific type of assets being managed and the industry in which the organization operates. For example, the International Organization for Standardization (ISO) has developed a standard for asset management, ISO 55000, which provides guidance on the principles and processes for managing assets effectively and efficiently.

Obtaining accreditation for an asset management system can be beneficial for several reasons. It can help to demonstrate the organization's competence and credibility to regulatory bodies, customers, and other stakeholders, and may be required in order to qualify for certain contracts or business opportunities. Accreditation can also help to improve the performance and reliability of the organization's assets, and may lead to increased efficiency and cost savings.

Asset Management System certification is provided by certification bodies to organisations who have demonstrated that they have implemented a system for the management of assets.

Businesses need to protect the value of their physical and non-material assets. By certifying to ISO 55001 Asset Management System, your organization can lower costs, maximize return in investment (ROI) and optimize growth throughout the asset life cycle.

ISO 55001 provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management and can be applied to all types of assets and by all types and sizes of organizations. ISO 55001 specifies requirements for an asset management system within the context of the organization.

ISO 55001 enables companies to manage their assets responsibly and effectively throughout their life cycle. By certifying to ISO 55001, organizations can safeguard a variety of assets, identifying risks and implementing company-wide policies and procedures for asset protection.

Companies are expected to rigorously and proactively manage their physical and non-physical assets throughout their life cycle. From machinery, to intellectual property, to vehicles and buildings, assets must be safeguarded, to maintain value and ensure customer trust and personnel safety. With ISO 55001, you can set priorities for asset management that balance cost efficiency and risk, and embed a culture of continual improvement throughout your organization.

A Certification Body applying for ISO 55001 accreditation must conform to ISO/IEC 17021 and other additional International requirements as detailed in Specific Requirements for Accreditation AMS Scheme.

Certification Bodies interested to apply for an Accreditation scheme for Asset Management Systems can send an email at [email protected]