29 Nov 2017 – Evaluating asset management efficiency is critical today in a world where globalisation is internationalising asset portfolios and stakeholder and performance expectations are higher than ever.
The ISO 55001 Asset Management System (AMS) is a new standard targeting asset management in order to improve the effectiveness and efficiency of that management system and thereby achieve sustainable business objectives.
ISO 55001 AMS implementation drives cost efficiency, value creation and risk management across the lifecycle of assets, from their design and fabrication or construction through commissioning, operations, maintenance, modification and renewal to their eventual disposal or decommissioning. ISO 55001 AMS can be applied to any type of organisation, large or small, public or private with a portfolio of physical infrastructure, equipment, human or informational assets to manage.
At this committee meeting, Rajiv AG, Country Certification Manager for Singapore, Malaysia, & Brunei, Bureau Veritasshared with members a technical snapshot of the benefits of ISO550001, which was then followed by an interactive exchange among members.