Table of Contents

5.2 Asset Management Assessment

Once the appropriate framework for assessment has been determined, the assessment can be planned and conducted. It is important to recognise that the assessment process is a useful tool in ongoing asset management improvement planning and contributes to the development of the asset management culture in an organisation.

This importance is reflected in ISO 55001:2014 with reference to:

  • internal audit – Clause 9.2.
  • management review shall consider the audit results – Clause 9.3.

Refer also to Clause 5.5.4 of IAM (2014a) for further guidance.