ISO 55001 Asset Management System
ISO 55001 is the international standard for asset management systems. It helps organisations balance cost, risk and performance across the asset life cycle. It is certifiable and listed under Singapore's EDGE Grant.
ISO Management Systems
- Standard or scheme
- ISO 55001
- International Organization for Standardization (ISO)
- Type
- Certifiable
- Certificate issued by an accredited certification body
- Funding
- Listed under EDGE Standards
- Listed; check the activity page for the support level
What is ISO 55001?
ISO 55001 sets requirements for an asset management system that realises value from physical and other assets across their life cycle.
Who is ISO 55001 for?
Utilities, transport, infrastructure, manufacturing and organisations with significant asset bases.
EDGE Grant (Enterprise Singapore) - Listed; check the activity page for the support level
Enterprise Singapore lists this standard under the EDGE Grant. Check the activity page on the Enterprise Singapore website for the current support level before you apply.
Impartiality
Impartiality comes first. Every engagement begins with a conflict-of-interest check. We keep consulting and auditing roles separate, and our auditors never audit, on behalf of a certification body, an organisation that ICFC has consulted on the same scope within the period set by that body.
Our certification role
We do not certify organisations ourselves; certificates are issued by accredited certification bodies or scheme owners.
How we help
Third-party audits
Third-party certification audits for ISO 55001 are delivered by our auditors on behalf of accredited certification bodies. The certificate is issued by the certification body, not by ICFC.
Second-party audits
Supplier and partner audits against ISO 55001 on behalf of your organisation, with clear findings you can act on.
Internal audits
First-party internal audits of your asset management system by experienced auditors, combinable with other standards in one integrated audit.
Grant-supported (EDGE)
ICFC's consultancy is led by consultants certified to SS 680:2021, which Enterprise Singapore requires for consultancy support under EDGE Standards activities. The certification is held by our individual consultants, not by ICFC as a company. Our proposal names the certified consultant who will lead your project and includes the SS 680 certification details, quotation and scope that EDGE asks for. You apply on the Business Grants Portal before any work starts or any payment is made. Vendors cannot apply, pay or claim for you, the consultant named in the Letter of Offer must bill the claim invoices, and vendors cannot be changed after approval. Support is subject to Enterprise Singapore's assessment and approval. For our SS 680 certified consultants' roles, certificate numbers, issuing body and expiry dates, or a link to the issuing body's register, please email us through the contact form.
Non-grant
A fixed-scope engagement: gap assessment, documentation, implementation coaching, internal audit and management review, and support through the formal audit or assessment.
How we work
Practical, proportionate systems that your staff can run after we leave.
Classroom
Public and in-house classroom courses on ISO 55001: awareness, implementation and internal auditor levels.
Online LMS
Self-paced and live-online courses on the ICFC Digital LMS, with progress tracking and certificates of completion.
Funding
Funding depends on each course's approval status, shown on the course page in the LMS.