By Faith Asset Management Systems are becoming standard practice in mature organizations all around the world. An asset is defined as something that provides prospective or existing value to a company. For decades, several industries and nations have used the phrase asset management; for example, the financial services industry has used the term to describe the juggling of many investment possibilities, their financial return, security, and risk.
Asset management that is effective and efficient allows organizations to achieve their goals consistently and sustainably throughout time.
To obtain the highest asset management credentials in the industry, International Certifications can analyze and certify your organization’s Asset Management System to ISO 55001:2014.
The Primary Advantages Of Asset Management Systems:
• Determine and monitor asset lifespans
• Recognize and manage the risks associated with asset failure or deterioration.
• Show stakeholders that you have strong asset management.
• Get ready for statutory regulations about energy management.
• Better financial performance
• Better risk management techniques
• Greater organizational sustainability
• Improve your maintenance program
What Exactly Is ISO 55001?
ISO 55001 certification is an internationally recognized management system standard that offers a framework for asset management inside your organization. Even if you already manage your company’s assets, this standard may help you formalize the process in the same manner that other management systems do by utilizing the Plan-Do-Check-Act cycle, which will promote continuous development. If you are not currently managing the assets of your organization, this standard will provide a suitable beginning point by giving a methodical approach.
The requirements of the standard are comparable to those of most other management system standards, but with an emphasis on the business’s energy management component. The following are the primary requirements:
Commitment And Policy – Management must demonstrate commitment to the Asset Management System by allocating enough resources and adopting a policy statement that lays the groundwork for the asset management system and aids in continuous asset management improvement.
Planning– This includes addressing asset management risks and opportunities, setting suitable goals, and putting them into action.
Support – Resources must be supplied, and personnel must be effectively taught about the system’s requirements.
Operation – To guarantee that energy objectives and targets can be assessed, relevant monitoring and measuring programs and indicators must be implemented. Compliance with legal and other duties must be assessed, and internal system audits must be done.
Review Of The Energy Management System – The energy management system’s efficacy must be assessed regularly to guarantee that energy performance improves.
Whatever the type of your organization, ISO 50001 provides a best practice method for achieving energy efficiency. As part of enhanced energy performance, the standard will assist you in meeting your environmental and carbon reduction objectives. It can be integrated into your environmental management system, but it will provide you with an organized approach to energy management and will assist you in measuring and monitoring how much energy you consume. After all, ISO 50001 will boost your energy efficiency, cut your energy expenses, and lessen your carbon footprint.
Asset Management Systems – ISO 50001:2014
ISO 55001:2014 is based on the continuous improvement management system approach, which is also used for other well-known standards such as ISO 9001 and ISO 14001. This makes it easy for enterprises to include energy management into their overall quality and environmental management activities.
ISO 55001:2014 establishes a set of criteria for companies to:
• Create a policy for more efficient energy consumption.
• Establish aims and objectives to satisfy policy requirements.
• Use data to better understand and make energy-related decisions.
• Evaluate the outcomes
• Examine how successfully the policy is implemented, and
• Constantly enhance energy management