What exactly is ISO 55001?

ISO 55001 is an asset management system standard whose major goal is to help enterprises better manage asset lifecycle management. Organizations will have better control over everyday activities, a higher return on their assets, and a lower total cost of risk by applying ISO 55001 certification.

This standard can be used for any company's organizational structure as well as any sort of asset. The tangible outcomes include increased effectiveness and a significant reduction in unit cost. This framework also encourages continuous performance improvement and provides enhancements for every industry, kind, or size of business.