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What is ISO 5500:2014 Asset Management Certification?

Updated: Mar 5

ISO 55001:2014 is the current International Standards Organisation (ISO) Asset Management System Standard, which is recognised as a worldwide benchmark for business management systems Asset Management standards and recognises that ISO 55001 Certified organisations have been assessed by an independent third party Certification Body as meeting the ISO 55001:2014 Asset Management System Standard for the goods and services it provides to the marketplace.


Your organisation can achieve ISO 55001 Asset Management Certification when Certification Oceania has completed an independent, third-party assessment of your Asset Management system documentation, established whether it has been implemented and has determined that your organisation has addressed each of the requirements in the ISO 55001:2014 Asset Management Standard.


Asset Management is documenting, implementing, and Certifying compliance with respect to requirements such as, but not limited to:

· scope of application

· asset management plan (AMP) context

· asset management framework

· strategic asset management plan

· asset management objectives

· overarching principles

· scalability

· service and operations plan (SOP)

· growth and improvement plan (GI)

· maintenance strategy/plan

· configuration management plan

· data tables/ asset information system

· holistic approach to asset stewardship

· asset classification system

· asset information and register requirements

· asset condition

· asset maintenance: recurrent maintenance; routine maintenance (RM); major preventive maintenance (MPM); capital maintenance (MPM capital); and maintenance backlog

· critical asset – risk-based management

· configuration management

· growth and improvement

· asset life cycle stage: demand/need > plan >acquire > operate/maintain > dispose

· current asset performance and condition

· current state of the logistics system supporting the asset

· asset activity forecast/ projected performance and condition

· balancing cost, risk, and performance

· value realisation

· management of key interested parties

· year maintenance works plan

· changes and variations to maintenance programs

· reporting requirements


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