ISO 55001

Determine external and internal issues relevant to purpose and that affect ability to achieve intended outcomes of asset management system.

• Context analysis
• Stakeholder pressure map
• Strategic asset issues

• Engineering-only view
• No regulator/customer context

Determine stakeholders relevant to asset management and their requirements including financial and non-financial criteria.

• Stakeholder register
• Service level requirements
• Customer LoS commitments

• No documented LoS
• Stakeholder list outdated

Determine boundaries and applicability of AMS including portfolio of assets to be managed.

• AMS scope statement
• Asset portfolio inventory
• Class/category structure

• Mobile assets excluded
• No IT/SCADA inclusion

Establish, implement, maintain and continually improve AMS including processes and their interactions.

• AMS process map
• Process interaction matrix
• AMS manual

• Silos between OT/IT
• No process owners

Continual improvement methodology. Control from ISO 55001 framework, domain: ISO 55001: Improvement.

• Improvement register
• Corrective action log
• Change request record
• Lessons learned database

• Recurring issues
• No preventive actions
• Change without impact review
• Lessons not applied

Corrective and preventive actions. Control from ISO 55001 framework, domain: ISO 55001: Improvement.

• Improvement register
• Corrective action log
• Change request record
• Lessons learned database

• Recurring issues
• No preventive actions
• Change without impact review
• Lessons not applied

Innovation and change management. Control from ISO 55001 framework, domain: ISO 55001: Improvement.

• Improvement register
• Corrective action log
• Change request record
• Lessons learned database

• Recurring issues
• No preventive actions
• Change without impact review
• Lessons not applied

Quality policy and objectives. Control from ISO 55001 framework, domain: ISO 55001: Leadership & Planning.

• Asset management policy
• Strategic asset plan
• Roles and responsibility chart
• Resource plan

• Policy not endorsed
• No line of sight to objectives
• Unclear asset ownership
• Resource shortfalls

Leadership commitment to quality. Control from ISO 55001 framework, domain: ISO 55001: Leadership & Planning.

• Asset management policy
• Strategic asset plan
• Roles and responsibility chart
• Resource plan

• Policy not endorsed
• No line of sight to objectives
• Unclear asset ownership
• Resource shortfalls

Risk-based thinking and planning. Control from ISO 55001 framework, domain: ISO 55001: Leadership & Planning.

• Asset management policy
• Strategic asset plan
• Roles and responsibility chart
• Resource plan

• Policy not endorsed
• No line of sight to objectives
• Unclear asset ownership
• Resource shortfalls

Resource management for quality. Control from ISO 55001 framework, domain: ISO 55001: Leadership & Planning.

• Asset management policy
• Strategic asset plan
• Roles and responsibility chart
• Resource plan

• Policy not endorsed
• No line of sight to objectives
• Unclear asset ownership
• Resource shortfalls

Organizational roles and responsibilities. Control from ISO 55001 framework, domain: ISO 55001: Leadership & Planning.

• Asset management policy
• Strategic asset plan
• Roles and responsibility chart
• Resource plan

• Policy not endorsed
• No line of sight to objectives
• Unclear asset ownership
• Resource shortfalls

Operational planning and control. Control from ISO 55001 framework, domain: ISO 55001: Operational Controls.

• Operating procedures
• Design control record
• Supplier evaluation
• Production records

• Undocumented operations
• Weak supplier oversight
• Change control gaps
• No service spec

Requirements for products and services. Control from ISO 55001 framework, domain: ISO 55001: Operational Controls.

• Operating procedures
• Design control record
• Supplier evaluation
• Production records

• Undocumented operations
• Weak supplier oversight
• Change control gaps
• No service spec

Design and development controls. Control from ISO 55001 framework, domain: ISO 55001: Operational Controls.

• Operating procedures
• Design control record
• Supplier evaluation
• Production records

• Undocumented operations
• Weak supplier oversight
• Change control gaps
• No service spec

Control of externally provided processes. Control from ISO 55001 framework, domain: ISO 55001: Operational Controls.

• Operating procedures
• Design control record
• Supplier evaluation
• Production records

• Undocumented operations
• Weak supplier oversight
• Change control gaps
• No service spec

Production and service provision controls. Control from ISO 55001 framework, domain: ISO 55001: Operational Controls.

• Operating procedures
• Design control record
• Supplier evaluation
• Production records

• Undocumented operations
• Weak supplier oversight
• Change control gaps
• No service spec

Monitoring, measurement, and analysis. Control from ISO 55001 framework, domain: ISO 55001: Performance Evaluation.

• Performance dashboard
• Internal audit schedule
• Management review minutes
• Customer satisfaction survey

• Lagging indicators only
• Audit scope gaps
• No survey follow-through
• NC not closed

Internal audit program. Control from ISO 55001 framework, domain: ISO 55001: Performance Evaluation.

• Performance dashboard
• Internal audit schedule
• Management review minutes
• Customer satisfaction survey

• Lagging indicators only
• Audit scope gaps
• No survey follow-through
• NC not closed

Management review process. Control from ISO 55001 framework, domain: ISO 55001: Performance Evaluation.

• Performance dashboard
• Internal audit schedule
• Management review minutes
• Customer satisfaction survey

• Lagging indicators only
• Audit scope gaps
• No survey follow-through
• NC not closed

Customer satisfaction measurement. Control from ISO 55001 framework, domain: ISO 55001: Performance Evaluation.

• Performance dashboard
• Internal audit schedule
• Management review minutes
• Customer satisfaction survey

• Lagging indicators only
• Audit scope gaps
• No survey follow-through
• NC not closed

Nonconformity and corrective action. Control from ISO 55001 framework, domain: ISO 55001: Performance Evaluation.

• Performance dashboard
• Internal audit schedule
• Management review minutes
• Customer satisfaction survey

• Lagging indicators only
• Audit scope gaps
• No survey follow-through
• NC not closed

React to asset-related failures and AMS nonconformities, evaluate need for action and implement corrective action including reviewing effectiveness.

• Failure investigations
• Root cause register
• CAPA tracker

• Repeat failures
• No RCA culture

Establish processes to proactively identify potential failures in asset performance and evaluate need for preventive action.

• FMEA studies
• Predictive maintenance program
• Risk-based inspection plans

• No predictive maintenance
• FMEA outdated

Continually improve suitability, adequacy and effectiveness of asset management and AMS.

• Improvement initiatives register
• Maturity assessments
• Benchmarking studies

• No maturity baseline
• No benchmarking

Top management demonstrates leadership for asset management including ensuring SAMP and asset management policy alignment with organizational objectives.

• Board AM mandate
• Resource commitments
• Management review chair record

• Asset manager isolated
• No board-level KPI

Establish asset management policy aligned with organizational objectives and providing framework for setting asset management objectives.

• Signed AM policy
• Communication evidence
• Periodic review log

• Policy not linked to org strategy
• No public version

Plan, implement and control processes needed to meet requirements and implement actions determined in planning including operations, maintenance and renewal.

• Maintenance strategy (RCM/FMEA)
• Work management process
• Spares management

• Reactive maintenance dominant
• No RCM

Assess risks associated with planned change to AMS or assets and control changes that could affect achievement of asset management objectives.

• MOC procedure
• Change impact assessments
• Pre/post-change reviews

• Operational changes bypass MOC
• No impact assessment

When outsourcing activities affecting achievement of asset management objectives, control and integrate these activities into AMS.

• Contractor management framework
• Service level agreements
• KPI reporting from contractors

• No data handback
• Contractor risk uncontrolled

Determine what needs monitoring including asset performance, asset management performance and AMS effectiveness and analyse data.

• KPI dashboards (asset/AM/AMS)
• Condition monitoring records
• Lifecycle cost reports

• Lagging KPIs only
• No condition monitoring

Conduct internal audits at planned intervals to evaluate AMS conformity and effective implementation.

• Audit programme
• Audit reports
• Auditor competence on AM

• Generic auditors
• No technical specialists

Top management reviews AMS at planned intervals to ensure continuing suitability, adequacy and effectiveness.

• Management review minutes
• SAMP review record
• Decision log

• No SAMP review
• Skipped inputs

Determine risks and opportunities affecting achievement of asset management objectives and plan actions.

• Asset risk register
• Criticality analysis
• Opportunity log

• No criticality ranking
• Risks not asset-specific

Establish asset management objectives consistent with policy at relevant functions and levels considering stakeholder requirements and financial criteria.

• AM objectives register
• LoS targets
• Cost/risk/performance balance

• Performance only
• No cost-risk tradeoff

Develop strategic asset management plan (SAMP) and asset management plans including activities, resources, responsibilities and timeframes over relevant horizons.

• Strategic Asset Management Plan
• Asset Management Plans by class
• Long-term capital forecast
• Lifecycle cost models

• No SAMP
• 5-year horizon only
• Capex/opex disconnected

Determine and provide resources needed for establishment, implementation, maintenance and continual improvement of AMS.

• Resource plan
• Budget allocations
• Headcount plan

• Reactive maintenance budget only
• No improvement budget

Determine necessary competence of persons whose work affects asset performance and ensure competence through training, education or experience.

• AM competency framework
• Training matrix
• IAM/AMCL certifications register

• Tribal knowledge
• No succession plan

Determine information requirements supporting assets, asset management, AMS and achievement of organizational objectives including data quality.

• Asset information strategy
• Data quality framework
• EAM/CMMS structure
• Asset hierarchy

• Multiple disconnected registers
• Poor data quality

AMS includes documented information required by this standard and determined as necessary for effectiveness of AMS.

• Document register
• Procedure library
• Version control

• Inconsistent format
• Outdated procedures