Change Language

ASSET MANAGEMENT: AN OVERVIEW

When organizations have multiple assets at the heart of the business, these assets are critical for sustaining performance and profitability. The highly competitive nature of capital-intensive industries, or the critical interests that public Organizations safeguard, means that any failure of their assets, are disruptive and costly.

An efficient asset management strategy, regardless of whether the assets are financial, physical or organizational, contributes therefore to better operating results, performance and ultimately improves the bottom line. 

WHAT IS ASSET MANAGEMENT?

Asset Management is a set of systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan.

WHAT IS ISO 55001?

ISO 55001:2014 is the international standard that provides requirements for an integrated, effective asset management system, thus helping organizations to optimize the availability and profitability of its assets throughout their lifecycle, from acquisition all the way to decommission.

Complying with ISO 55001 can thus help organizations to achieve a balance between profitability, risks and performance of assets across departments, geographical locations, facilities and business units, that have wide impact and interdependencies.

ISO 55001:2014 applies to all physical, financial, human as well as intangible assets irrespective of their size.

WHAT ARE THE BENEFITS OF AN ISO 55001-COMPLIANT ASSET MANAGEMENT SYSTEM?

The principal benefits (in no particular order) of an integrated and optimized asset management SISTEM, include:
  • optimized return on investment and/or growth;
  • long-term planning, confidence and performance sustainability; 
  • enhanced customer satisfaction from improved performance and control of product or service delivery to the required standards;
  • improved health, safety and environmental performance;
  •  the ability to demonstrate best value-for-money within a constrained funding regime;
  •  evidence, in the form of controlled and systematic processes, to demonstrate legal, regulatory and statutory compliance;
  • improved risk management and corporate governance and a clear audit trail for the appropriateness of decisions taken and their associated risks;
  • mproved corporate reputation, the benefits of which may include enhanced shareholder value, improved marketability of product/service;
  • greater staff satisfaction and more efficient and effective procurement from the supply chain;


WHY A THIRD-PARTY ACCREDITED CERTIFICATION OF THE ASSET MANAGEMENT SYSTEMS?

Certification to ISO 55001:2014 provides confidence that processes are systematically performed so that assets are managed in a coherent and consistent way. Such processes are adopted in order to improve performance too.

Certification is obtained through an activity called Conformity assessment, where a certification body determines that a process, product, service, management system or person meets relevant technical standards and fulfills relevant requirements.

Accredited certification reduces the risks to customers and to stakeholders (both internal and external to the Organization or Company) by assuring that accredited certification bodies are competent and independent while performing the conformity assessment activities they undertake in certifying that companies meet the requirements of ISO 55001:2014.

Such confidence is provided by The International Accreditation Forum (www.iaf.org) which deals with strengthening homogeneity and reliability of conformity assessment or simply certification.

The IAF’s primary purpose is to provide confidence in the competence and impartiality of entities involved in conformity assessment—the Certification Bodies (CBs) and the Accreditation Bodies (AB) that supervise them. In fact, accreditation is the formal demonstration by an AB of the competence of a CB to complete specific conformity assessment tasks. Members of the IAF include accreditation bodies all over the world such as the Italian National Accreditation Body (Accredia => www.accredia.it).

Conformity assessment performed by an independent accredited body offers therefore the maximum confidence to customers and to stakeholders and is in line with IAF’s vision “certified once – accepted everywhere.”

WHY ITALCERTIFER AS A CERTIFICATION BODY?

ITALCERTIFER is a leading provider for product testing, inspection and auditing services. ITALCERTIFER has developed its competence and abilities in a highly complex and safety-critical sector such as the railway field. Such abilities and competences have been exported into the certification of asset management systems.

ITALCERTIFER has also been found and recognized by the Italian National Accreditation Body (Accredia) to be able to perform truly competent and independent asset management system certification against ISO 55001:2014.

For this activity ITALCERTIFER has resources that meets highly professional competence requirements. ITALCERTIFER experts will therefore conduct a competent and independent onsite certification audit of a Company’s asset management system and will submit the evaluation of findings in a report.

Upon successful certification audit, the surveillance audits help to optimize the performance of assets throughout its lifecycle.

Companies and Organizations relying on ITALCERTIFER assessment will profit with the undisputable added value and assurance of being “certified once - accepted everywhere”.


For further info please contact: m.ussi@italcertifer.com

For further info on ISO 55001 Standard: https://www.iso.org/standard/55089.html
 


Rail Recreational Craft Personnel Certification Management Systems