ISO 55001:2024
Asset Management System
For organisations managing critical physical assets across their lifecycle.
ClassManagement system standard
Edition2024
What is this standard?
Specifies management system requirements for asset management, covering lifecycle cost, maintenance and renewal of physical assets.
Who is it for?
Energy, water, transport, infrastructure, manufacturing, municipalities and asset-intensive businesses.
What triggers an assessment?
- Critical physical assets are operated.
- Lifecycle cost and renewal planning need to be managed.
- Operational risk from maintenance or failure is high.
What does it not replace?
- It does not substitute for the accounting asset register.
- It does not substitute for energy performance certificates or maintenance contracts.
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