ISO 55001 Asset Management and Compliance
How we deliver value
Structure & Strategy
Our standard solutions
Asset Management Planning
Asset Management Policies
Business Lifecycle Planning
Enterprise Asset Management Risk Assessments
Asset Management Business Case Development
Risk based Capital Planning
Leadership
How we add superior value
Strategic consideration of commercial and technical objectives
Influence with Executive language and concepts to get organisational buy in
Risk adjusted planning to communicate risk tolerance
Experience from the grassroots to boardroom to account for all stakeholder needs
Systems
Our standard solutions
Asset Condition and Integrity Assessment
Work Management Solutions
Maintenance Management and Strategies
Reliability Processes: RCM & RCA
Shutdown and Project Management
Maintenance Budgeting
Capital Management
How we add superior value
Uncover underlying problems
Sustainable, commercially viable solutions
Skills
Our standard solutions
How we add superior value
Executive Leadership experience which is delivered through training and coaching
Participants will gain a holisitc organisational wide perspective
Skills and knowledge will be shared from a broad organisational and industry experience.
Training will be delivered with candor and a style appropriate to whatever audience, commercial or technical
Value
Superior value
How we deliver value
Strategy & Structure
- Strategic consideration of commercial and technical objectives
- Influence with Executive language and concepts to get organisational buy in
- Risk adjusted planning to communicate risk tolerance
- Experience from the grassroots to the boardroom to account for all stakeholder needs
Systems
- Coordinated problem solving that consdiers the needs of the whole organisation
- Foundational issues will be addressed first
- If underlying problems exist they will be uncovered
- Solutions will be generated that are sustainable and can be built upon
- A commercial appreciation for all solutions will enable coordinated outcomes.
Skills
- Executive Leadership experience which is delivered through training and coaching
- Participants will gain a holisitc organisational wide perspective
- Skills and knowledge will be shared from a broad organisational and industry experience.
- Training will be delivered with candor and a style appropriate to whatever audience, commercial or technical
Achieve Operational Excellence with ISO 55001 Certification
At Concordia Asset Management, we help organizations implement ISO 55001 asset management frameworks to optimize asset lifecycle performance, ensure regulatory compliance, and enhance risk management strategies.
Our expert team guides businesses through the ISO 55001 certification process, helping them meet ISO compliance standards, align with ISO reporting standards, and ensure long-term asset sustainability.
What is ISO 55001 Asset Management?
ISO 55001 Asset Management Framework & Best Practices
The ISO 55001 standard is a globally recognized asset management framework that helps businesses manage their physical, financial, and infrastructure assets efficiently. It is designed to:
- Improve asset lifecycle planning and risk-based asset management
- Align strategic asset management plans with business goals
- Enhance asset reliability and operational efficiency
- Ensure ISO compliance requirements are met across industries
What are the Benefits of ISO 55001 Certification?
- Enhanced asset performance management for cost efficiency
- Risk reduction through better asset governance
- Regulatory compliance with industry-specific ISO compliance standards
- Data-driven decision-making through asset performance tracking
- Seamless integration with ISO 9001 and ISO 14001
ISO 55001 Certification & Compliance Process
How to Obtain ISO 55001 Certification
Organizations seeking ISO 55001 certification must follow a structured process:
- Gap Analysis – Evaluate existing asset management processes
- Compliance Audit & Risk Assessment – Identify areas for improvement
- Implementation of ISO 55001 Asset Management Framework
- Internal Audit & ISO 55001 Compliance Documentation
- ISO 55001 Certification Audit & Accreditation
ISO 55001 Certification vs PAS 55: What’s the Difference?
- ISO 55001 is an international asset management standard
- PAS 55 was the precursor but has been replaced by ISO 55001 requirements
ISO 55001 integrates with ISO 9001 (quality management) and ISO 31000 (risk management)
ISO Compliance Standards & Reporting Requirements
What are the Key ISO Compliance Requirements?
- ISO 55001 asset management documentation and reporting
- Regulatory asset planning for compliance in finance, infrastructure, and utilities
- Performance monitoring with asset management software
- Financial risk assessment & lifecycle cost analysis
ISO 55001 vs ISO 9001: Key Differences
Aspect | ISO 55001 | ISO 9001 |
Focus | Asset management | Quality management |
Industries | Infrastructure, manufacturing, utilities | All industries |
Risk Management | Asset-specific risk assessment | Product & service risk assessment |
ISO 55001:2024 Updates & Changes
What are the Updates in ISO 55001:2024?
- Stronger risk-based asset planning guidelines
- Enhanced regulatory compliance obligations
- New financial reporting standards for asset lifecycle management
How to Prepare for ISO 55001:2024 Compliance?
- Review existing compliance framework
- Update asset management policies based on ISO 55001:2024 changes
- Integrate predictive analytics and AI-driven asset tracking
Industries That Benefit from ISO 55001 Compliance
Who Needs ISO 55001 Certification?
- Infrastructure & Transportation – Road networks, railways, and utilities
- Manufacturing & Industrial Assets – Production facilities and heavy equipment
- Energy & Utilities – Power plants and water treatment plants
Public Sector Asset Management – Government agencies and municipal services
Implement ISO 55001 Asset Management with Concordia
A strong ISO 55001 asset management framework ensures long-term asset reliability, cost efficiency, and regulatory compliance. At Concordia Asset Management, we provide:
- End-to-end ISO 55001 compliance audits
- Tailored asset lifecycle planning strategies
- ISO 55001 certification support and consulting
Contact us today to achieve ISO 55001 certification and enhance your asset management strategy.