ISO 55001

About ISO 55001

ISO 55001 is an international standard that outlines the requirements for effective asset management system (AMS) implementation, applicable to all organizations, regardless of size or type. It emphasizes creating value while balancing costs, risks, and performance and incorporates leadership, planning, risk management, and stakeholder engagement principles. By implementing ISO 55001, organizations can improve asset management practices, increase reliability, reduce costs, optimize performance, align with business objectives, and gain a competitive advantage.

Does your company need it?

ISO 55001 applies to any organization that owns or operates assets regardless of its activities’ size, type, or nature. This can include but is not limited to manufacturing, transportation, energy, utilities, construction, and government organizations. Organizations that want to improve their asset management practices, increase asset reliability and availability, reduce costs, and optimize asset performance can benefit from implementing ISO 55001.

ISO 55001

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  • How can Univate help?

    At Univate Support, we offer comprehensive assistance to ensure your operations comply with ISO 55001 requirements. Our services include training, documentation, and implementing policies, procedures, processes, templates, checklists, guidelines, and other necessary controls. We provide end-to-end support until your organization completes a compliance audit, meeting all control requirements.

    Our Implementation Approach:

    Univate uses a 5-phase approach for GAP analysis, risk assessment, and implementation support.

    Salient features of our engagement approach are:

      • Unique and Proven engagement approach
      • End-to-end documentation
      • Training on the control implementation and sustenance.
      • Complex client implementation experience in different countries
      • Cost arbitrage
      • Reduce management time required
      • Reduce the cost of sustenance
      • Reduce cycle time of end-to-end implementation process
      • Our unique automation tool automates managing the system

      Our assessment and implementation support methodology addresses the critical areas like:

      • Conduct a Gap Assessment of the existing controls.
      • Assess risks and opportunities.
      • Define, review and update Policies, procedures, processes, templates, guidelines, and checklists.
      • Active support for effective implementation of controls
      • Internal audit for compliance
      • Corrective and remediation/ preventive actions
      • Conduct/support the final compliance audit process

      Implementation benefits:

      • Improved asset management practices
      • Increased asset reliability and availability
      • Cost savings
      • Risk mitigation
      • Optimize asset performance
      • Alignment with business objectives