ISO 55001

Asset Management System ISO 55001:2014

What is ISO 55001:2014 “Asset Management System”

ISO 55001 is the international standard that helps organizations effectively manage their assets to optimize their lifetime value. Increased regulatory requirements, spiraling maintenance costs, higher customer expectations, and enhanced environmental and health and safety requirements, have all led organizations to seek a better way of proactively managing them.

Not just a financial framework, ISO 55001 is a holistic business improvement tool that’s applicable to many kinds of organizations in many different sectors. It’s flexible and can be used to put in place a system that’s relevant to your organization, so that you can optimize the lifetime value of the assets that you are responsible for.

Benefit of Implementing ISO 55001:2014 “Asset Management System”

  1. Alignment of processes, resources and functional contributions (instead of departmental silos and competing, short-term priorities)

  2. Creating a transparent audit trail for what is done, when and why.

  3. Better understanding and usage of data and information to provide informed and consistent decisions.

  4. Improved planning (especially capital expenditure)

  5. Consistent, prioritized and auditable risk management.

  6. Alignment and coordination of existing initiatives, including competency development.

  7. Greater engagement of the workforce, including leadership, communications and cross-disciplinary teamwork.

ISO 55001

Implementation phases but not limited to :

  1. Conduct Gap analysis and evaluate current Situation according to the standard requirements.

  2. Identify needs and expectations of the organization.

  3. Hold Awareness training sessions.

  4. Create management system including, “Policies, Manuals, Processes, Templates, etc.) .

  5. Integrate new system with other active management systems within the organization.

  6. Support in implementation of all standard requirements.

  7. Hold certified Training Course.

  8. Conduct Internal audit and follow up closing Nonconformities.

  9. Prepare for external audit.

Our values in executing the Standard:

  1. Implementation of government directions to enhance the international competitiveness.

  2. Implement international best practices in standard’s field.

  3. Compatibility with the fourth-generation excellence requirements.

  4. Build a management system that helps to achieve, Pioneering locally and globally

  5. Create success stories to participate in Global Awards

Pivotal Vision

A provider of management studies and consultancy services for both the government and the private sector.

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