GFMAM Competency Specification for ISO 55001 Asset Management System Assessors

GFMAM Competency Specification for an ISO 55001
Asset Management System Assessor

Second Edition - English Version
GFMAM Competency Specification

for an ISO 55001
Asset Management System
Assessor
Second Edition, Version 1
English Version
ISBN 978-1-7774676-6-1
Published November 2021
ISBN 978-1-7774676-6-1 www.gfmam.org Page 1 of iii

About this Document

The ISO standard ISO 55000 Asset Management was originally published in January 2014.
The standard provides a focus upon the purpose and application of asset management within
organisations. The resultant interest in the standard shown by asset owners, regulators and
certification bodies has reflected a universal business desire to improve the value returned to
organisations, through the effective management of physical assets.
To realise that benefit, organisations require knowledgeable people capable of applying an asset
management certification process who, at the same time, can use that process to provide the value
that business desires.
As a non-commercial, worldwide association of professional asset management bodies, the
GFMAM published a document that specified the appropriate requirements of asset management
knowledge for personnel who sought to apply an audit or assessment process against the
requirements of ISO 55000 Asset Management.
The aim of that specification the GFMAM ISO 55001 Assessor Specification was to help asset
owners identify people who can provide that value to businesses.
It should be noted that the Specification only covers knowledge in asset management and not
auditing or assessing skills.
Certification bodies have also benefited from the use of the Specification to select people with the
GFMAM recognised asset management knowledge, thus providing surety that the added value that
organisations seek can be realised.
This document is the second edition of the original Specification document and contains:
• Differentiation between Auditor and Assessor
• Revised Assessor requirements mapped against ISO 55001
• Revised Assessor requirements GFMAM Asset Management Landscape.
The Assessor Specification is provided free by the GFMAM.
ISBN 978-1-7774676-6-1 www.gfmam.org Page i of iii

The Global Forum on Maintenance and Asset Management

The Global Forum on Maintenance and Asset Management (GFMAM) has been established with
the aim of sharing collaboratively advancements, knowledge and standards in maintenance and
asset management.
The members of GFMAM (at the time of issue of this document) are:
• Associação Brasileira de Manutenção e Gestão de Ativos

• Asset Management Council
• Belgian Maintenance Association
• European Federation of National Maintenance Societies
• Gulf Society for Maintenance and Reliability
• Institut Français d'Asset Management Industriel et Infrastructures
• The Institute of Asset Management
• Japan Association for Asset Management
• Japan Institute for Plant Maintenance
• PEMAC Asset Management Association of Canada
• Southern African Asset Management Association
• Society for Maintenance and Reliability Professionals
The enduring objectives of the GFMAM are:

1) To bring together, promote and strengthen the maintenance and asset management
community worldwide
2) To support the establishment and development of associations or institutions whose aims
are maintenance and asset management focused
3) To facilitate the exchange and alignment of maintenance and asset management
knowledge and practices
4) To raise the credibility of member organisation’s by raising the profile of the Global Forum
This document describes the GFMAM Competency Specification for an ISO 55001 Asset
Management System Assessor, Second Edition version 1, English Version that supports the
first and third of these enduring objectives.
ISBN 978-1-7774676-6-1 www.gfmam.org Page ii of iii

Table of Contents
1 Background ................................................................................................................................... 1
2 Purpose......................................................................................................................................... 2
3 Auditor or Assessor ...................................................................................................................... 3
4 Asset Management Competency Context ................................................................................... 5
4.1 Roles and Responsibilities .................................................................................................... 5
4.2 Competency requirements .................................................................................................... 5
4.3 Background Prerequisites ..................................................................................................... 6
4.4 Competencies........................................................................................................................ 6
5 Competency against ISO 55001 requirements ............................................................................ 7
6 Competency against AM Landscape requirements ................................................................... 33
7 Appendix I: Bloom’s Taxonomy of Learning .............................................................................. 45
ISBN 978-1-7774676-6-1 www.gfmam.org Page iii of iii

1 Background
There have been major global advances in Asset Management standards, models, and principles
over the last two decades. The Global Forum on Maintenance and Asset Management determined
that there is benefit in aligning these various advances and collaborating to develop a collective
view, in particular, for organisation’s that operate asset management systems in many countries. In
March 2014, the GFMAM Asset Management Landscape, Second Edition, English Version,
was published1.
The International Standard Organisation, ISO, published a suite of 3 standards on asset
management in January 2014. The ISO 5500X Suite of Standards describes a management
system for asset management. This is abbreviated to asset management system within the
standard.
The three standards in the ISO 5500X suite are:
• ISO 55000 - Overview, principles, and terminology.
• ISO 55001 - Asset management — Management systems — Requirements; and
• ISO 55002 - Management systems — Guidelines for the Application of 55001.
Note - ISO 55002 was revised in 2018
After consultation with stakeholders2, it was clear that members and stakeholders of the GFMAM
member organization’s sought assistance in achieving results from the 5500X standards. In
particular, organisations require competent and capable people, who may be employed as staff or
brought in from external organisations to assess against or comply with ISO 55001.
The GFMAM Competency Specification for an ISO 55001 Asset Management System
Assessor / Auditor, First Edition version 2, English Version supported the first and third of
these enduring objectives.
The GFMAM Competency Specification for an ISO 55001 Asset Management System
Assessor, Second Edition version 1, English Version is structured to reference the ISO 55001
Standard and the GFMAM Asset Management Landscape and sets out the minimum knowledge
and comprehension specification for personnel to assess compliance to ISO 55001.
It does not provide any guidance on conducting an audit or assessment.
1
ISBN 978-0-9871799-2-0, www.gfmam.org
2
Stakeholder Feedback Report on assessing and auditing to ISO55001, The Asset Journal, Issue 2 Volume 7, 2013
ISBN 978-1-7774676-6-1 www.gfmam.org Page 1 of 47

2 Purpose
These competency requirements have been created to form the basis to assure the competence of
people who audit or assess organisations to ISO 55001.
These competency requirements conform to at least, the requirements and recommendations in
ISO17021- 5 and ISO 19011:2011.
Purposes include
1. To establish the minimum knowledge and comprehension of asset management to perform
duties as an assessor for ISO 55001.
2. To provide guidance for organisations providing training in preparing for ISO 55001
adoption and evaluation.
3. To provide the basis for certification of ISO 55001 assessor/auditor personnel.
4. To support the introduction of ISO 5500X, and ensure that organisations derive benefit from
the use of these standards.

3 Auditor or Assessor
The focus of the GFMAM Assessor Specification is the technical competence requirements of an
asset management assessor. This is the minimum knowledge and comprehension of asset
management considered necessary for an assessor or auditor to effectively assess or audit asset
management practice.
The GFMAM Specification does not include generic auditing or assessment competencies
The core asset management competencies set out in the GFMAM Assessor Specification can be
applied across a range of audit and assessment activities beyond just those that require ISO
17021-5 compliance.
The additional competencies for planning and undertaking effective auditing are addressed in:
• ISO 17021-1:2015 for certification audits – see Annex A Required knowledge and skills
(Note that these are the overall competencies for a Certification Body, not an individual
auditor)
• ISO 19011:2011 for other types of audit – see Clause 7.2 Determining auditor competence
to fulfil the needs of the audit programme.
Although the skills and activities for generic management system auditing are well defined in
ISO 19011 and ISO 17021-1, there are no equivalent requirements / guidelines available for
assessment activities, though quite often the principles of ISO 19011 areas adopted.
Both ISO 17021-1:2015 and ISO 19011:2011 define an auditor as a “person who conducts an
audit”. What varies is the type of audit, and the auditing competences required to undertake these
different types of audit. Table XX identifies the more common categories of audit and
assessments.
Table XX
Type of Audit / Assessment Undertaken By Relevant Generic Auditing
Activity Standard / Guidelines
ISO 55001:2014 accredited Third party Certification Bodies independent of the ISO 17021-1:2015
certification audits client organisation
ISO 55001:2014 gap assessment Third party auditors (not necessarily Certification ISO 17021-1:2015
(with a view to certification) Bodies) independent of the client organisation
ISO 55001:2014 (second party) • parties having an interest in the organisation, ISO 19011:2011
audits such as customers, or by other persons on
their behalf
• Staff of the client organisation, or a
contracted third party on behalf of the
organisation, auditing its supplier(s) of asset
management services
ISO 55001:2014 internal audits • The organisation’s own internal audit and ISO 19011:2011 and ISO
other assurance functions, or 55001:2014 (Clause 9.2)
• contracted third party(ies) on behalf of the
organisation (but not its Certification Body)
Asset management regulatory • Regulatory (or third-party contracted) ISO 19011:2011 or bespoke
audits (financial, technical, risk) auditors methodologies
Asset management maturity Independent third-party asset management No applicable standards. Bespoke,
assessment maturity assessors proprietary methodologies.
Asset management self- Staff of the organisation No applicable standards. Bespoke or
assessment proprietary methodologies.
Asset management benchmark Independent third-party asset management No applicable standards. Bespoke,
assessments maturity assessors proprietary methodologies.

Annex A of ISO 17021-1:2015 identifies 11 areas of knowledge and skills that a certification body
requires. A proportion of these are required for audits not related to certification, and assessment.
Table A.1 Table of Knowledge and Skills has been modified as Table YY below to illustrate the
commonality, and differences, between the competencies:
• applicable to:
• AM certification audits,
• AM internal audits and other categories of AM audits, and
• AM assessments
• addressed within the GFMAM Assessor Specification
Table YY
AM Internal Covered by
Knowledge & Skill AM
Certification and Other GFMAM
assessments
Audits AM Audits Specification
(1) Knowledge of business

management practices Y
(2) Knowledge of audit principles,

practices, and techniques
(3) Knowledge of specific
management system Y
standards/normative documents
(4) Knowledge of certification body’s
processes
(5) Knowledge of client’s business

Y
sector
(6) Knowledge of client products,
Y
processes, and organisation
(7) Language skills appropriate to
all levels within the client
organisation
(8) Note-taking and report-writing
skills
(9) Presentation skills
(10) Interviewing skills
(11) Audit-management skills
ISO/IEC TS 17021-5: Competence requirements for auditing and certification of asset

management systems
This TS specifies additional competence requirements for personnel involved in the audit and
certification process for Asset Management Systems and complements the existing requirements
of ISO/IEC 17021-1.
It was published in April 2014.

4 Asset Management Competency Context

4.1 Roles and Responsibilities
An assessor will undertake activities as a member of a team of auditors/assessors.
The role of an asset management system assessor is to:
• Provide strategic knowledge from multiple disciplines and organisations to interpret
integrated and diverse processes and systems
• Evaluate technical and non-technical aspects of organisations’ asset management system;
and
• Interrogate and interpret a wide range of documents, systems, and personnel.
4.2 Competency requirements
A competent assessor will be able to demonstrate that they possess:
General. The minimum asset management knowledge and comprehension established by the
Global Forum on Maintenance and Asset Management (see annex A).
This means that they can:
• Identify the symptoms and understand the benefits of integrated asset management
processes and systems
• Understand how organisational elements relate to the requirements of an asset
management system
• Demonstrate a comprehension of asset management as a set of integrated
technical and financial risk-based processes; and
• Communicate with managers and resources.
A competency statement generally takes a form like this: "Assessors should be able to
(requirement statement)" In this document the verbs that fill these blanks are carefully chosen to
represent the degree of applied skill required using Bloom's taxonomy as a reference, attached as
Appendix I. To 'know and comprehend', for example, represent the lower levels on Bloom's
taxonomy whereas the ability to 'evaluate and synthesize' are at the highest. Effective assessment
methods should be designed with this taxonomy in mind.
Asset Management System. The asset management specific knowledge and skills required of an
assessor for the requirements as defined within the ISO 55001 Requirements for an asset
management system standard, including the components of an asset management system, and a
holistic comprehension of elements of policy, strategy, objectives, plans, processes, resources,
and related artefacts that comprise the asset management system.

It is assumed that:
1. A demonstrated knowledge and comprehension of asset management processes and
systems does not imply proficiency in execution
2. No individual has a detailed knowledge and comprehension of all processes and
systems of asset management (given broad coverage, life cycle opportunity and
interdisciplinary nature)
3. There are some processes and systems in asset management that serve as an exemplar
for other processes and systems (e.g., project management and shutdown management
have similar characteristics); and
4. There are some processes and systems specifically mentioned as part of ISO 55001 – e.g.,
Asset Management Policy, Asset Management Strategy, Strategic Planning, Asset
Management Plan, Asset Data and Knowledge, Asset Management Leadership,
Organisational Structure & Culture, Competence & Behaviour, Management Review, Audit
& Assurance, Stakeholder Relations.
4.3 Background Prerequisites
Qualifications with in-depth knowledge across the disciplines of asset management plus general
business experience of at least 5 years, will apply.
4.4 Competencies
The competencies that meet the above requirements are considered in two areas
Section 5.0 - ISO 55001 requirements
Section 6.0 - AM Landscape requirements
The combination of these competencies is acknowledged to provide the minimum knowledge and
understanding requirements for an assessor.

5 Competency against ISO 55001 requirements

ISO 55001:2014 - Section 4.0 Context of the Organisation
ISO Shall statement Required Competency
4.1 - Understanding the Organisation and its Knowledge and ability to evaluate the
context. appropriateness and effectiveness of processes and
practices utilised to establish organisational context.
4.1.1 - The organisation shall determine external Knowledge and comprehension of how risks and
and internal issues that are relevant to its purpose opportunities influence the intended outcomes of the
and that affect its ability to achieve the intended Asset Management System.
outcome(s) of its asset management system.
4.1.2 - Asset management objectives, included in Knowledge and comprehension of how
the strategic asset management plan (SAMP), organisational objectives are documented and
shall be aligned to, and consistent with, the translated into Asset Management Objectives.
organisational objectives.
4.2 - Understanding the needs and expectations of Knowledge and comprehension of how to undertake
stakeholders. a stakeholder assessment.
4.2 - Understanding the needs and expectations of Knowledge and comprehension of the nature and
stakeholders. type of stakeholders relevant to the system.
4.2 - Understanding the needs and expectations of Understanding and ability to evaluate the
stakeholders. appropriateness, effectiveness, and outcomes of
stakeholder management system/approach.
4.2.1 - The organisation shall determine the Knowledge and comprehension of how to identify
stakeholders that are relevant to the asset relevant stakeholders of the Asset Management
management system. System.
stakeholders that are relevant to the asset relevant stakeholders of the Asset Management
management system. System.
4.2.3 - The organisation shall determine the criteria Knowledge and comprehension of decision-making
for asset management decision making. frameworks, criteria, and governance.
4.2.4 - The organisation shall determine external Knowledge and comprehension of the identification,
and internal issues that are relevant to its purpose assessment and monitoring of issues that could
and that affect its ability to achieve the intended impact the outcome of the Asset Management
outcome(s) of its asset management system. System.

4.3 - Determining the scope of the asset Knowledge and comprehension of how to determine
management system. the scope of an Asset Management System.
boundaries and applicability of the asset the boundaries of the Asset Management System
management system to establish its scope. The and how to align the scope to the SAMP.
scope shall be aligned with the SAMP and the
asset management policy. When determining this
scope, the organisation shall consider: the external
and internal issues referred to in 4.1; the
requirements referred to in 4.2; the interaction with
other management systems, if used.
4.4.1 - The organisation shall establish, implement, Knowledge and comprehension of how to Continual
maintain, and continually improve an asset Improve an Asset Management System in
management system, including the processes accordance with ISO55001.
needed and their interactions, in accordance with
the requirements of this International Standard.
4.4.2 - The organisation shall develop a SAMP Knowledge and comprehension of the construct of a
which includes documentation of the role of the SAMP and how it articulates the Asset Management
asset management system in supporting Objectives of the Organisation.
achievement of the asset management objectives.
4.4.2 - The organisation shall develop a SAMP Knowledge and comprehension of the construct of a
which includes documentation of the role of the SAMP and how it articulates the Asset Management
asset management system in supporting Objectives of the Organisation.
achievement of the asset management objectives.

ISO 55001:2014 - Section 5.0 Leadership
5.1 - Leadership and Commitment. Top management demonstrate Leadership and

Commitment in the context of the organisations
Asset Management System.
5.1.1 - Top management shall demonstrate Ensures the asset management policy is
leadership and commitment with respect to the developed, approved, and published.
asset management system by ensuring that the
asset management policy, the SAMP and asset
management objectives are established and are
compatible with the organisational objectives.
5.1.1 - Top management shall demonstrate Checks that the organisation has in place an asset
leadership and commitment with respect to the management policy, a SAMP and asset
asset management system by ensuring that the management objectives. Also checks there is
asset management policy, the SAMP and asset evidence that top management contribute to
management objectives are established and are ensuring these are established and compatible with
compatible with the organisational objectives. the organisational objectives.
5.1.10 - Top management shall demonstrate Checks that the approach used for managing risk in
leadership and commitment with respect to the asset management, is aligned with the
asset management system by Ñ ensuring that the organisation's approach for managing risk, and
approach used for managing risk in asset seeks evidence of top management ensuring this
management is aligned with the organisation’s takes place.
approach for managing risk.
5.1.2 - Top management shall demonstrate Checks that the organisation has integrated the
leadership and commitment with respect to the requirements of its asset management system into
asset management system by ensuring the its business processes. Also checks there is
integration of the asset management system evidence that top management contributes to
requirements into the organisation’s business ensuring that this integration takes place.
processes.
5.1.3 - Top management shall demonstrate Checks for evidence that top management ensures
leadership and commitment with respect to the that the resources required for the asset
asset management system by ensuring that the management system are available.
resources for the asset management system are
available.
5.1.4 - Top management shall demonstrate Checks for evidence that top management
leadership and commitment with respect to the communicates the importance of effective asset
asset management system by communicating the management and of conforming to the requirements
importance of effective asset management and of of the asset management system.
conforming to the asset management system
requirements.
5.1.5 - Top management shall demonstrate Checks for evidence of top management ensuring
leadership and commitment with respect to the that the asset management system achieves its
asset management system by ensuring that the intended outcome(s).
asset management system achieves its intended
outcome(s).

5.1.6 - Top management shall demonstrate Checks for evidence of top management directing
leadership and commitment with respect to the and supporting persons to contribute to the
asset management system by directing and effectiveness of the asset management system.
supporting persons to contribute to the
effectiveness of the asset management system.
5.1.7 - Top management shall demonstrate Checks for evidence of top management promoting
leadership and commitment with respect to the cross-functional collaboration within the
asset management system by promoting cross- organisation.
functional collaboration within the organisation.
5.1.8 - Top management shall demonstrate Checks for evidence of top management promoting
leadership and commitment with respect to the continual improvement of the asset management
asset management system by promoting continual system.
improvement.
5.1.9 - Top management shall demonstrate Checks for evidence of top management supporting
leadership and commitment with respect to the other relevant management roles to demonstrate
asset management system by supporting other their leadership as it applies to their areas of
relevant management roles to demonstrate their responsibility.
leadership as it applies to their areas of
responsibility.
5.2 - Policy Top Management will articulate the requirements of

their Assets in the Asset Management Policy.
5.2.1 - Top management shall establish an asset Gathers information to understand the purpose of
management policy that is appropriate to the the organisation, and evaluates whether the asset
purpose of the organisation. management policy reflects, and is appropriate for,
the purpose.
5.2.2 - Top management shall establish an asset Evaluates whether the asset management policy
management policy that provides a framework for provides a framework for setting asset management
setting asset management objectives. objectives.
5.2.3 - Top management shall establish an asset Evaluates whether the asset management policy
management policy that includes a commitment to includes a commitment to satisfy applicable
satisfy applicable requirements. requirements, and that there is evidence these
requirements are understood.
5.2.4.1 - The asset management policy shall be Evaluates whether the asset management policy is
consistent with the organisational plan. consistent with the organisational plan.
5.2.4.2 - The asset management policy shall be Identifies other relevant organisational policies and
consistent with other relevant organisational evaluates whether the asset management policy is
policies. consistent with them.
5.2.4.3 - The asset management policy shall be Gathers information to understand the nature and
appropriate to the nature and scale of the scale of the organisation's assets and operations
organisation’s assets and operations. and evaluates whether these are appropriately
reflected in the asset management policy.
5.2.4.4 - The asset management policy shall be Checks that the asset management policy is
available as documented information. available as documented information.
5.2.4.5 - The asset management policy shall be Gathers evidence of how the asset management
communicated within the organisation. policy is communicated withing the organisation.
5.2.4.6 - The asset management policy shall be Analyses how the organisation determines which
available to stakeholders, as appropriate. stakeholders it will make the asset management
policy available to and checks for evidence that it
has been made available to these stakeholders.

5.2.4.7 - The asset management policy shall be Checks that there is a documented requirement for
implemented and be periodically reviewed and, if the asset management policy to be implemented,
required, updated. periodically reviewed and, if required, updated. Also
checks that there is evidence of this occurring.
5.3 - Organisational roles, responsibilities, and Top Management provide a framework and
authorities. associated processes that underpin the
Organisation Structure inclusive of Accountabilities
and Responsibilities.
5.3 - Organisational roles, responsibilities, and Checks for evidence that top management
authorities. understands relevant roles that are required for its
asset management system, that there are
mechanisms in place for assigning and
communicating the responsibilities and authorities
for these roles.
5.3.1 - Top management shall assign the Checks for evidence that top management assigns
responsibility and authority for establishing and responsibility and authority for establishing and
updating the SAMP, including asset management updating the SAMP, and asset management
objectives. objectives, and that this responsibility and authority
is communicated within the organisation.
responsibility and authority for ensuring that the responsibility and authority for ensuring that the
asset management system supports delivery of the asset management system supports delivery of the
SAMP. SAMP.
responsibility and authority for establishing and responsibility and authority for ensuring that the
updating the SAMP, including asset management asset management system conforms to the
objectives. requirements of ISO 55001.
responsibility and authority for ensuring that the responsibility and authority for ensuring the
asset management system supports delivery of the suitability, adequacy, and effectiveness of the asset
SAMP. management system.
responsibility and authority for ensuring that the responsibility and authority for establishing and
asset management system supports delivery of the updating the asset management plan(s).
SAMP.
responsibility and authority for reporting on the responsibility and authority for reporting on the
performance of the asset management system to performance of the asset management system to
top management. top management.

ISO 55001:2014 - Section 6.0 Planning

6.1 - Actions to address risks and opportunities for Knowledge and understanding of risks and
the asset management system. opportunities for the asset management system.
6.1.2 - When planning for the asset management Knowledge and understanding how market,
system, the organisation shall consider the issues community, the characteristics of the organisation
referred to in 4.1 and the requirements referred to itself and applied technology influence the asset
in 4.2 and determine the risks and opportunities management system and asset management
that need to be addressed to prevent, or reduce decisions.
undesired effects.
6.1.2 - When planning for the asset management Knowledge and understanding of risks and
system, the organisation shall consider the issues opportunities management methods and their
referred to in 4.1 and the requirements referred to application to the asset management system.
in 4.2 and determine the risks and opportunities
that need to be addressed to prevent, or reduce
undesired effects.
6.1.2 - When planning for the asset management Understanding of the influence of the economic
system, the organisation shall consider the issues criteria on the risks and opportunities.
referred to in 4.1 and the requirements referred to
in 4.2 and determine the risks and opportunities
that need to be addressed to prevent or reduce
undesired effects.
6.1.3 - The organisation shall plan actions to Knowledge and understanding regarding various
address these risks and opportunities, taking into risk and uncertainty mapping approaches, which
account how these risks and opportunities can considers different time horizons. This means in
change with time. practice knowledge and understanding of various
available strategic management approaches.
6.2 - Asset management objectives and planning to Knowledge and understanding of various available
achieve them. strategic management approaches. Understanding
of how SAMP is derived from organisational
strategic plans. Knowledge and understanding of
the process how organisational context can be
converted to the requirements for physical assets
via the critical success factors of the organisation
and further to the objectives for asset management
(including maintenance).
6.2 - Asset management objectives and planning to Knowledge and understanding of economic and
achieve them. technical criteria for asset management decisions,
important key performance indicators to define
objectives and control actual performance.
6.2.1 - Asset management objectives. Knowledge and understanding of various available
strategic management approaches. Understanding
of how SAMP is derived from organisational
strategic plans. Knowledge and understanding of
the process how organisational context can be
converted to the requirements for physical assets
via the critical success factors of the organisation
and further to the objectives for asset management
(including maintenance).

6.2.1 - Asset management objectives Knowledge and understanding of economic and

technical criteria for asset management decisions,
important key performance indicators to define
objectives and control actual performance.
6.2.2 - Planning to achieve asset management Knowledge and understanding of economic and
objectives technical criteria for asset management decisions
and their influence on the expected behaviour within
the organisation.
6.2.2 - Planning to achieve asset management Knowledge and understanding of the principles and
objectives the impacts of life cycle management.
6.2.2 - Planning to achieve asset management Knowledge and understanding of necessary
objectives contributions between different life cycle processes
to diminish silo behaviour.
6.2.2 - Planning to achieve asset management Knowledge and understanding of the various life
objectives cycle activities organisations are facing during the
life cycle of the assets and the requirements to
manage them.
6.2.2 - Planning to achieve asset management Knowledge and understanding how maintenance
objectives strategies can be derived from the requirements
and how their can be documented.

ISO 55001:2014 - Section 7.0 Support

7.1 - Resources The assessor will ensure the organisation has

provided the resources required to establish,
implement, and continuously improve the asset
management system and to execute the activities in
the asset management plans.
7.1.1 - The organisation shall determine and Knowledge and understanding to determine the
provide the resources needed for the organisational resources needed for the asset
establishment, implementation, maintenance, and management system establishment,
continual improvement of the asset management implementation, maintenance, and continuous
system. improvement.
7.1.2 - The organisation shall provide the resources Knowledge and understanding to determine the
required for meeting the asset management organisational resources needed to implement
objectives and for implementing the activities activities in the asset management plans to meet
specified in the asset management plan(s). asset management objectives.
7.2 - Competence The assessor will ensure the organisation has

competency management activities for education,
training, experience, documentation, periodic
review, and future competency needs.
7.2.1 - The organisation shall determine the The assessor will ensure the organisation has
necessary competence of person(s) doing work identified competency requirements of person(s)
under its control that affects its asset performance, working under its control for asset performance,
asset management performance and asset asset management performance, and asset
management system performance. management system performance.
7.2.1 - The organisation shall determine the Knowledge and understanding to determine the
necessary competence of person(s) doing work competency requirements of person(s) doing work
under its control that affects its asset performance, for the organisation to affect asset performance,
asset management performance and asset asset management performance and asset
management system performance. management system performance.
7.2.2 - The organisation shall ensure that these Knowledge and understanding to determine the
persons are competent on the basis of appropriate competency requirements based on appropriate
education, training, or experience. education, training, or experience.
7.2.3 - The organisation shall where applicable, Knowledge and understanding to evaluate the
take actions to acquire the necessary competence, effectiveness of actions by the organisation to
and evaluate the effectiveness of the actions taken. acquire necessary competence.
7.2.4 - The organisation shall retain appropriate Knowledge and understanding to determine the
documented information as evidence of requirements of the organisation to retain
competence. documented evidence of competence.
7.2.5 - The organisation shall periodically review Knowledge and understanding to determine the
current and future competency needs and organisation's need to periodically review current
requirements. and future competency needs and requirements.
7.3 - Awareness The assessor will evaluate the awareness of those

people who can affect the asset management
objectives of the asset management policy, their
contributions to the effectiveness of the asset
management system, how their work activities and
associated risks and opportunities are related to
each other, and the implications of not confirming to

the asset management conformance.
7.3.1 - Persons doing work under the organisation’s Knowledge and understanding to identify person(s)
control, who can have an impact on the in the organisation's control who should be aware of
achievement of the asset management objectives, the asset management policy because they may
shall be aware of the asset management policy. impact the achievement of asset management
objectives.
7.3.2 - Persons doing work under the organisation’s Knowledge and understanding to make person(s)
control, who can have an impact on the impacting the achievement of the asset
achievement of the asset management objectives, management objectives aware of their contributions
shall be aware of their contribution to the to the asset management system effectiveness and
effectiveness of the asset management system, improved asset management performance benefits.
including the benefits of improved asset
management performance.
achievement of the asset management objectives, management objectives aware of their interrelated
shall be aware of their work activities, the work activities and associated risks and
associated risks, and opportunities and how they opportunities.
relate to each other.
achievement of the asset management objectives, management objectives aware of their implications
shall be aware of the implications of not conforming of not conforming to the asset management system
to the asset management system requirements. requirements.
7.4 - Communication The assessor will ensure the organisation has a

communication strategy for the assets, asset
management and asset management system
including what will be communicated, when
communications will occur, who will receive
communications, and how communications will be
delivered.
7.4.1 - The organisation shall determine the need Knowledge and understanding of the organisation's
for internal and external communications relevant communication requirements to internal and
to assets, asset management and the asset external stakeholders relevant to assets, asset
management system including on what it will management and the asset management system.
communicate.
for internal and external communications relevant requirements of what to communicate to internal
to assets, asset management and the asset and external stakeholders relevant to assets, asset
management system including on what it will management and the asset management system.
communicate.
for internal and external communications relevant requirements of when to communicate to internal
management system including when to management and the asset management system.
communicate.

for internal and external communications relevant requirements to whom to communicate to internal
management system including with whom to management and the asset management system.
communicate.
for internal and external communications relevant requirements with whom to communicate to internal
management system including with whom to management and the asset management system.
communicate.
for internal and external communications relevant requirements for how to communicate to internal
management system including how to management and the asset management system.
communicate.
7.5.1 - The organisation shall determine its The assessor will ensure the organisation has
information requirements to support its assets, determined its information requirements to support
asset management, asset management system its assets, asset management system and the
and the achievement of its organisational achievement of its organisational objectives. In
objectives. doing this the assessor will evaluate the impact and
risks of quality, availability, and management of
information to its internal and external stakeholders
for organisational activities and decision making.
7.5.1 - The organisation shall determine its Knowledge and understanding of the information
information requirements to support its assets, requirements to support its assets, asset
asset management, asset management system management and the asset management system to
and the achievement of its organisational achieve its organisational objectives.
objectives.
7.5.1.1 - The organisation shall determine its Knowledge and understanding of the information
information requirements to support its assets, requirements to support its assets, asset
asset management, asset management system management and the asset management system as
and the achievement of its organisational significant risks to achieve its organisational
objectives. In doing this the organisation shall objectives.
include consideration of the significance of the
identified risks.
information requirements to support its assets, requirements for roles and responsibilities to
asset management, asset management system support its assets, asset management and the
and the achievement of its organisational asset management system to achieve its
objectives. In doing this the organisation shall organisational objectives.
include consideration of the roles and
responsibilities for asset management.
information requirements to support its assets, requirements for processes, procedures, and
asset management, asset management system activities to support its assets, asset management
and the achievement of its organisational and the asset management system to achieve its
include consideration of the asset management
processes, procedures and activities.

7.5.1.4 - The organisation shall determine its Knowledge and understanding of the requirements
information requirements to support its assets, for information exchange with its stakeholders and
asset management, asset management system service providers to support its assets, asset
and the achievement of its organisational management and the asset management system to
objectives. In doing this the organisation shall achieve its organisational objectives.
include consideration of the exchange of
information with its stakeholders, including service
providers.
7.5.1.5 - The organisation shall determine its Knowledge and understanding of the quality,
information requirements to support its assets, availability, and management of information for
asset management, asset management system organisational decision makers to support its
and the achievement of its organisational assets, asset management and the asset
objectives. In doing this the organisation shall management system to achieve its organisational
include consideration of the impact of quality, objectives.
availability, and management of information on
organisational decision making.
7.5.2.1 - The organisation shall determine its Knowledge and understanding of the attribute
information requirements to support its assets, requirements of identified information to support its
asset management, asset management system assets, asset management and the asset
and the achievement of its organisational management system to achieve its organisational
determine the attribute requirements of identified
information.
7.5.2.2 - The organisation shall determine its Knowledge and understanding of the quality
information requirements to support its assets, requirements of identified information to support its
asset management, asset management system assets, asset management and the asset
and the achievement of its organisational management system to achieve its organisational
determine the quality requirements of identified
information.
7.5.2.3 - The organisation shall determine its Knowledge and understanding of how and when
information requirements to support its assets, information is to be collected, analysed, and
asset management, asset management system evaluated to support its assets, asset management
and the achievement of its organisational and the asset management system to achieve its
determine how and when information is to be
collected, analysed, and evaluated.
information requirements to support its assets, determined its technical, financial and regulatory
asset management, asset management system information requirements and processes aligned to
and the achievement of its organisational support its assets, asset management, asset
objectives. The organisation shall specify, management systems and the achievement of its
implement, and maintain processes for managing organisational objectives including how and when
its information. information is to be collected, analysed and
evaluated.
information requirements to support its assets, determined its technical, financial and regulatory
asset management, asset management system information requirements and processes aligned to
and the achievement of its organisational support its assets, asset management, asset
objectives. The organisation shall specify, management systems and the achievement of its
implement, and maintain processes for managing organisational objectives including how and when
its information. information is to be collected, analysed and
evaluated.

7.5.3 - The organisation shall determine its Knowledge and understanding of how the
information requirements to support its assets, organisation shall specify, implement, and maintain
asset management, asset management system processes for managing its information to support
and the achievement of its organisational its assets, asset management and the asset
objectives. The organisation shall specify, management system to achieve its organisational
implement, and maintain processes for managing objectives.
its information.
7.5.4 - The organisation shall determine its Knowledge and understanding of the organisation's
information requirements to support its assets, information requirements aligned to financial and
asset management, asset management system non-financial terminology to support its assets,
and the achievement of its organisational asset management and the asset management
objectives. The organisation shall determine the system to achieve its organisational objectives.
requirements for alignment of financial and non-
financial terminology relevant to asset management
throughout the organisation.
7.5.5 - The organisation shall determine its Knowledge and understanding of the organisation's
information requirements to support its assets, information requirements for consistent traceability
asset management, asset management system between financial and non-financial data to meet its
and the achievement of its organisational stakeholder legal and regulatory requirements to
objectives. The organisation shall ensure that there support its assets, asset management and the
is consistency and traceability between the financial asset management system to achieve its
and technical data and other relevant non-financial organisational objectives.
data, to the extent required to meet its legal and
regulatory requirements while considering its
stakeholders requirements and organisational
objectives.

7.6.1 - General The assessor will ensure the asset management

system is suitable for the size and complexity of the
organisation and its assets, activities, processes,
products, and services.
7.6.1.1 - The organisation’s asset management Knowledge and understanding of the organisation's
system shall include documented information as documented asset management system information
required by this International Standard. requirements of this International Standard.
system shall include documented information for documented asset management system information
applicable legal and regulatory requirements. requirements for applicable legal and regulatory
requirements.
system shall include documented information documented asset management system information
determined by the organisation as being necessary requirements necessary for the effectiveness of the
for the effectiveness of the asset management asset management system.
system, as specified in 7.5.
system shall include the size of organisation and its documented asset management system information
type of activities, processes, products, and requirements for the size of the organisation and its
services. type of activities, processes, products, and
services.
system shall include the complexity of processes asset management system requirements for the
and their interactions. complexity of processes and their interactions.
system shall include the competence of persons. asset management system requirements for
competence of persons.
system shall include complexity of the asset(s). asset management system requirements for
complexity of asset(s).
7.6.2.1 - When creating and updating documented Knowledge and understanding of the organisation's
information the organisation shall ensure information documentation identification
appropriate identification and description (e.g., a requirements when creating and updating.
title, date, author, or reference number).
information the organisation shall ensure information documentation format and media
appropriate format (e.g., language, software requirements when creating and updating.
version, graphics) and media (e.g., paper,
electronic).
information the organisation shall ensure information documentation review and approval
appropriate review and approval for suitability and requirements for suitability and adequacy when
adequacy. creating and updating.
7.6.3 - Control of documented information The assessor will ensure the documented
information is managed to include creation,
updating, version control, storage, access, security,
revision, approval, retention, and disposition.
7.6.3.1 - Documented information required by the Knowledge and understanding of the organisation's
asset management system and by this International asset management system information

Standard shall be controlled to ensure it is available documentation control, suitability, and availability
and suitable for use, where and when it is needed. where and when it is needed.
7.6.3.2 - Documented information required by the Knowledge and understanding of the organisation's
asset management system and by this International asset management system information
Standard shall be controlled to ensure it is documentation control and security to protect
adequately protected (e.g., from loss of against loss of confidentiality, improper use, or loss
confidentiality, improper use, or loss of integrity). of integrity.
7.6.3.3 - For the control of documented information, Knowledge and understanding of the organisation's
the organisation shall address the following asset management system information
activities, as applicable distribution, access, documentation control activities for distribution,
retrieval, and use. access, retrieval, and use.
activities, as applicable storage, and preservation, documentation storage and preservation activities.
including preservation of legibility.
activities, as applicable control of changes (e.g. documentation change or version control activities.
version control).
activities, as applicable retention, and disposition. documentation retention and disposition activities.
7.6.3.7 - Documented information of external origin Knowledge and understanding of the organisation's
determined by the organisation to be necessary for information documentation from external origin
the planning and operation of the asset necessary for the asset management system to be
management system shall be identified, as identified and controlled.
appropriate, and controlled.

ISO 55001:2014 - Section 8.0 Operation

8.1.1 - The organisation shall plan, implement, and Understands the planning process. Can interpret
control the processes needed to meet whether the criteria will be effective in enabling
requirements, and to implement the actions control.
determined in 6.1, the asset management plan(s)
determined in 6.2, and the corrective and
preventive actions determined in 10.1 and 10.2 by
Ñ establishing criteria for the required processes.
8.1.1 - The organisation shall plan, implement, and The assessor shall look for evidence of planning,
control the processes needed to meet implementation, and control of processes to meet
requirements, and to implement the actions requirements as determined in section 6.1.
8.1.1 - The organisation shall plan, implement, and Can interpret whether the processes are well
control the processes needed to meet designed, able to be followed, and effectively
requirements, and to implement the actions implemented.
8.1.1 - The organisation shall plan, implement, and The Assessor shall look for organisational evidence
control the processes needed to meet of established processes for planning and
requirements, and to implement the actions implementation as per section 6.1, 6.2, 10.1, and
determined in 6.1, the asset management plan(s) 10.2.
Can interpret, through the resulting data and
information, that the processes are being used as
designed
8.1.2 - The organisation shall plan, implement, and The Assessor shall verify that the organisation has
control the processes needed to meet established a set of criteria for the planning and
requirements, and to implement the actions implementation as per 6.1, 6.2, 10.1, and 10.2.
implementing the control of the processes in
accordance with the criteria.
8.1.2 - The organisation shall plan, implement, and Can analyse whether metrics or other control
control the processes needed to meet methodologies are effective in identifying if the
requirements, and to implement the actions processes are under control.
implementing the control of the processes in
accordance with the criteria.
control the processes needed to meet established a set of documents for the planning and
requirements, and to implement the actions implementation as per 6.1, 6.2, 10.1, and 10.2.
keeping documented information to the extent
necessary to have confidence and evidence that

the processes have been carried out as planned.
8.1.3 - The organisation shall plan, implement, and Review documented information to ensure
control the processes needed to meet processes are functioning as planned.
requirements, and to implement the actions
keeping documented information to the extent
necessary to have confidence and evidence that
the processes have been carried out as planned.
control the processes needed to meet established formal risk monitoring process for the
requirements, and to implement the actions planning and implementation as per 6.1, 6.2, 6.2.2,
determined in 6.1, the asset management plan(s) 10.1, and 10.2.
treating and monitoring risks using the approach
described in 6.2.2.
8.1.4 - The organisation shall plan, implement, and Ability to analyse whether the risk management
control the processes needed to meet process can account for typical issues during
requirements, and to implement the actions operation (preventive maintenance not performed,
determined in 6.1, the asset management plan(s) operating outside of IOW, etc.).
treating and monitoring risks using the approach
described in 6.2.3.
8.2.1 - Risks associated with any planned change, The Assessor shall verify that the organisation has
permanent or temporary that can have an impact established a risk management process prior to
on achieving the asset management objectives, implementation.
shall be assessed before the change is
implemented.
8.2.1 - Risks associated with any planned change, Ability to evaluate the effectiveness of the MOC
permanent or temporary that can have an impact process: used prior to changes, documentation up
on achieving the asset management objectives, to date, no changes occur without using the
shall be assessed before the change is process, etc.
implemented.
8.2.2 - The organisation shall ensure that such The assessor shall look for documented evidence
risks are managed in accordance with 6.1 and that ensures that the risks are managed in
6.2.2. accordance with section 6.1 and 6.2.2.
8.2.2 - The organisation shall ensure that such Look for evidence that the process is also being
risks are managed in accordance with 6.1 and used to manage opportunities.
6.2.2.
8.2.2 - The organisation shall ensure that such The Assessor shall verify that the organisation has
risks are managed in accordance with 6.1 and established a risk management process in
6.2.2. accordance with 6.1 and 6.2.

8.2.2 - The organisation shall ensure that such Ability to recognize whether the risk management
risks are managed in accordance with 6.1 and process is effective in identifying the significance of
6.2.2. the risk.
8.2.3 - The organisation shall control planned The Assessor shall verify that the organisation has
changes and review the unintended consequences established review process for unintended
of changes, taking action to mitigate any adverse consequence of planned changes.
effects, as necessary.
8.2.3 - The organisation shall control planned Can analyse the process documentation to
changes and review the unintended consequences determine the effectiveness of the review process.
of changes, taking action to mitigate any adverse
effects, as necessary.
8.3.1 - When the organisation outsources any The Assessor shall verify that the organisation has
activities that can have an impact on the established a process to control and mange
achievement of its asset management objectives, it outsourced activities.
shall assess the associated risks. The organisation
shall ensure that outsourced processes and
activities are controlled.
8.3.1 - When the organisation outsources any Look for evidence that the risk management
activities that can have an impact on the process also applies to the outsourcing process.
achievement of its asset management objectives, it
shall assess the associated risks. The organisation
shall ensure that outsourced processes and
activities are controlled.
8.3.2 - The organisation shall determine the The Assessor shall verify that the organisation has
processes and activities that are to be outsourced established a process to identify, control and
(including the scope and boundaries of the document outsourced activities and insure full
outsourced processes and activities and their integration with the organisation system.
interfaces with the organisations own processes
and activities).
8.3.3 - The organisation shall determine the Look for evidence that there is a specific
responsibilities and authorities within the organisational entity that is responsible for
organisation for managing the outsourced process. monitoring outsourced activities.
8.3.4 - The organization shall determine the Look for evidence that the outsourced service
processes and scope for the sharing of knowledge provider is receiving necessary information to
and information between the organisation and its effectively operate their portion of the AM system.
contracted service provider.
8.3.5 - When outsourcing any activities, the The Assessor shall verify that the organisation has
organisation shall ensure that the outsourced established a process to ensure outsourced
resources meet the requirements of 7.2, 7.3 and resources meet the requirements of 7.2, 7.3 and
7.6. 7.6.
8.3.5 - When outsourcing any activities, the Look for evidence of outsourced service provider’s
organisation shall ensure that the outsourced resources are assessed for competency, and are
resources meet the requirements of 7.2, 7.3 and provided with information concerning their role in
7.6. the AM system.
8.3.6 - When outsourcing any activities, the The Assessor shall verify that the organisation has
organisation shall ensure that the performance of established a process to monitor the performance of
the outsourced activities is monitored in the outsourced activities as per 9.1.
accordance with 9.1.
8.3.6 - When outsourcing any activities, the Can interpret the information from external service
organisation shall ensure that the performance of providers to be able to assess the effectiveness of
the outsourced activities is monitored in the activities.
accordance with 9.1.
ISO 55001:2014 - Section 9.0 Performance Evaluation

9.1.1 - The organisation shall determine at needs to • Underlying knowledge of ISO 55001 and good
be monitored and measured. asset management practice in the respective
industry.
9.1.1 - The organisation shall determine at needs to • Able to determine the extent to which the
be monitored and measured. organisation’s monitoring and measurement system
is aligned to the organisation’s AM objectives, and
the scope has effective coverage over its assets,
asset management system and associated
activities, and meets stakeholder requirements.
9.1.1 - The organisation shall determine at needs to • Able to assess the relevance, priority and
be monitored and measured. practicability of the indicators and measures
adopted to inform performance evaluation.
9.1.2 - The organisation shall determine the • Underlying knowledge of ISO 55001 and good
methods for monitoring, measurement, analysis, asset management practice in the respective
and evaluation, as applicable, to ensure valid industry.
results.
9.1.2 - The organisation shall determine the • Able to assess the effectiveness of the level of
methods for monitoring, measurement, analysis, sophistication of the methods, information sourcing
and evaluation, as applicable, to ensure valid techniques, metrics, and resourcing strategies
results. adopted for monitoring, measurement, analysis and
evaluation, as applicable to the organisation’s
business, to ensure valid performance evaluation
results.
9.1.3 - The organisation shall determine when the • Underlying knowledge of ISO 55001 and good
monitoring and measuring shall be performed. asset management practice in the respective
industry.
9.1.3 - The organisation shall determine when the • Able to assess the effectiveness of the frequency
monitoring and measuring shall be performed. and timing of the organisation’s monitoring and
measuring data and information collection activities
in relation to the benefits in terms of the output
quality and effective and efficient use of resources.
9.1.4 - The organisation shall determine when the • Underlying knowledge of ISO 55001 and good
results from monitoring and measurement shall be asset management practice in the respective
analysed and evaluated. industry.
9.1.4 - The organisation shall determine when the • Able to assess the effectiveness of the frequency
results from monitoring and measurement shall be and timing of the organisation’s analysis and
analysed and evaluated. evaluation of monitoring and measuring data and
information in relation to the benefits in terms of the
effectiveness and efficiency of meeting the
organisation’s requirements for management
reporting, audit, and operational and strategic
planning.
9.1.5.1 - The organisation shall evaluate and report Able to assess the effectiveness of the method of
on the asset performance. interpretation of performance data and information
and the appropriateness of the level of confidence
in the reported asset performance in relation to the
organisation’s business.

9.1.5.1 - The organisation shall evaluate and report Underlying knowledge of ISO 55001 and good
on the asset performance. asset management practice in the respective
industry.
on the asset management performance, including interpretation used, level of confidence in the
financial and non-financial performance. outputs, and accountability framework associated
with the submission of reports on asset
management performance, including financial and
non-financial performance, in the context of the
organisation’s business and applicable statutory
requirements.
on the asset management performance, including asset management practice in the respective
financial and non-financial performance. industry.
on the effectiveness of the asset management interpretation and level of confidence in the
system. reported effectiveness of the asset management
system.
on the effectiveness of the asset management asset management practice in the respective
system. industry.
9.1.6 - The organisation shall evaluate and report Able to assess the reliability, level of confidence,
on the effectiveness of the processes for managing and level of sophistication of the methodologies
risks and opportunities. adopted by the organisation in managing the risks
and opportunities and evaluate their effectiveness
in relation to the nature and scale of the
organisation’s business, including applicable
statutory requirements.
9.1.6 - The organisation shall evaluate and report Underlying knowledge of ISO 55001 and good
on the effectiveness of the processes for managing asset management practice in the respective
risks and opportunities. industry.
9.1.7 - The organisation shall retain appropriate Able to assess the effectiveness of the scope and
documented information as evidence of the results format of document management system for
of monitoring, measurement, analysis, and performance data, reports, and evaluation
evaluation. outcomes, sufficient for future reference and
analysis, in the context of the organisation’s
business and applicable statutory requirements.
9.1.7 - The organisation shall retain appropriate Underlying knowledge of ISO 55001 and good
documented information as evidence of the results asset management practice in the respective
of monitoring, measurement, analysis, and industry.
evaluation.
9.1.8 - The organisation shall ensure that its • Underlying knowledge of ISO 55001 and good
monitoring and measurement enables it to meet the asset management practice in the respective
requirements. industry.
9.1.8 - The organisation shall ensure that its • Able to assess the effectiveness of the
monitoring and measurement enables it to meet the organisation’s processes in meeting stakeholder
requirements. needs and expectations regarding performance
evaluation and reporting.

9.2.1.1 - The organisation shall conduct internal • Underlying knowledge of ISO 55001 and good
audits at planned intervals to provide information to asset management practice in the respective
assist in the determination on whether the asset industry.
management system conforms to the organisation’s
own requirements for its asset management
system.
9.2.1.1 - The organisation shall conduct internal • Able to review and assess the existence of the
audits at planned intervals to provide information to organisation’s own formally documented
assist in the determination on whether the asset requirements for internal audit of its management
management system conforms to the organisation’s system and a fixed regular implementation
own requirements for its asset management schedule appropriate to the context of the
system. organisation’s business.
9.2.1.1 - The organisation shall conduct internal • Able to review evidence of internal audits
audits at planned intervals to provide information to undertaken in line with the adopted implementation
assist in the determination on whether the asset schedule, and assessment of the extent to which it
management system conforms to the organisation’s meets the organisation’s own requirements (in
own requirements for its asset management terms of scope, methodologies, and reporting
system. outcomes).
management system conforms to the requirements
of this International Standard.
9.2.1.1 - The organisation shall conduct internal • Able to review evidence of internal audits having
audits at planned intervals to provide information to been undertaken by the organisation in line with the
assist in the determination on whether the asset adopted implementation schedule and meeting the
management system conforms to the requirements requirements of section 9.2 of ISO 55001, including
of this International Standard. the identification of system deficiencies and
determination of improvement opportunities as
appropriate to the context of the organisation’s
business and applicable statutory requirements.
9.2.2.1 - The organisation shall plan, establish, • Underlying knowledge of ISO 55001 and good
implement, and maintain an audit programme(s), asset management practice in the respective
including the frequency, methods, responsibilities, industry.
planning requirements and reporting. The audit
programme(s) shall take into consideration the
importance of the processes concerned and the
results of previous audits.
9.2.2.1 - The organisation shall plan, establish, • Able to assess the existence and quality of the
implement, and maintain an audit programme(s), organisation’s audit programme(s), identifying the
including the frequency, methods, responsibilities, extent to which it focusses the importance of the
planning requirements and reporting. The audit performance audit processes in the context of the
programme(s) shall take into consideration the organisation’s business, applicable statutory
importance of the processes concerned and the requirements, and previous audit results.
results of previous audits.
9.2.2.2 - The organisation shall define the audit • Underlying knowledge of ISO 55001 and good
criteria and scope for each audit. asset management practice in the respective
industry.
9.2.2.2 - The organisation shall define the audit • Able to examine evidence of the organisation
criteria and scope for each audit. having established specific audit scope and criteria
relating to each audit.

9.2.2.3 - The organisation shall select auditors and • Underlying knowledge of ISO 55001 and good
conduct audits to ensure objectivity and the asset management practice in the respective
impartiality of the audit process. industry.
9.2.2.3 - The organisation shall select auditors and • Able to examine the effectiveness of the
conduct audits to ensure objectivity and the processes adopted by the organisation in the
impartiality of the audit process. selection of auditors and conduct of the audit to
ensure objectivity and impartiality.
9.2.2.4 - The organisation shall ensure that the • Underlying knowledge of ISO 55001 and good
results of the audits are reported to relevant asset management practice in the respective
management. industry.
9.2.2.4 - The organisation shall ensure that the • Able to assess the effectiveness of the framework
results of the audits are reported to relevant adopted by the organisation for clear, timely,
management. accurate relevant and complete reporting of the
results of the respective audits to all relevant
members of the organisation’s management.
9.2.2.5 - The organisation shall conduct internal NOTE – the wording extracted in this system is
audits at planned intervals to provide information to incorrect.
assist in the determination on whether the asset
9.2.2.5 - The organisation shall conduct internal • Able to assess the existence of evidence of
audits at planned intervals to provide information to records of documented information on the audit
assist in the determination on whether the asset programme and results that are complete, readily
management system conforms to the requirements accessible, and sustainably archived.
9.3 - Management Review Top Management have in place a Management

Review process that defines the scope and cycle of
the review and how the finding of such review
makes their way back into the Asset Management
System.
9.3.1 - The management review shall include • Underlying knowledge of ISO 55001 and good
consideration of the status of actions from previous asset management practice in the respective
management reviews. industry.
9.3.1 - The management review shall include • Able to review and assess the existence of review
consideration of the status of actions from previous by relevant members of the organisation’s top
management reviews. management, at planned intervals, of the
organisation’s asset management system.
9.3.1 - The management review shall include • Able to assess the effectiveness of the nature and
consideration of the status of actions from previous scope of the top management review in informing
management reviews. continuing suitability, adequacy, and effectiveness
of the organisations asset management system.
consideration of the status of actions from previous asset management practice in the respective

9.3.1 - The management review shall include • Able to assess the effectiveness of the
consideration of the status of actions from previous management review in consideration of the status
management reviews. of actions identified in previous management
reviews.
9.3.10 - The organisation shall retain documented • Underlying knowledge of ISO 55001 and good
information as evidence of the results of asset management practice in the respective
9.3.10 - The organisation shall retain documented • Able to assess evidence of records of
information as evidence of the results of documented information on the management
management reviews. reviews and results that are complete, readily
accessible, and effectively archived.
consideration of changes in external and internal asset management practice in the respective
issues that are relevant to the asset management industry.
system.
consideration of changes in external and internal management review of changes in external and
issues that are relevant to the asset management internal issues that are relevant to the assessment
system. of the management system as appropriate to the
organisation’s business and applicable statutory
requirements.
consideration of information on the asset asset management practice in the respective
management performance, including trends in industry.
nonconformities and corrective actions.
consideration of information on the asset management review in consideration of information
management performance, including trends in on the asset management performance relating to
nonconformities and corrective actions. trends in nonconformities and corrective action in
informing continuing suitability, adequacy, and
effectiveness of the organisation's asset
management system.
monitoring and measurement results.
monitoring and measurement results. trends in monitoring and measurement results in
effectiveness of the organisations asset
management system.
management performance, including trends in audit industry.
results.
management performance, including trends in audit on the asset management performance relating to
results. trends in audit results in informing continuing

suitability, adequacy, and effectiveness of the

organisations asset management system.
9.3.6 - The management review shall include NOTE the system has incorrectly stated the clause.
consideration of information on the asset
management performance, including trends in
monitoring and measurement results. trends in audit results in informing continuing
suitability, adequacy, and effectiveness of the
organisations asset management system.
9.3.6 - The management review shall include • Note – the system has incorrectly stated the
consideration of information on the asset clause.
management performance, including trends in
consideration of information on the asset management review in considering the
management performance, including trends in effectiveness of asset management activities (such
monitoring and measurement results. as data management, condition monitoring, risk and
quality management, life cycle costing, systems and
software engineering, configuration management,
financial management, value management, project
management, and energy management) in
effectiveness of the organisations asset
management system.
consideration of opportunities for continual asset management practice in the respective
improvement. industry
consideration of opportunities for continual management review in considering the
improvement. opportunities for continual improvement in informing
continuing suitability, adequacy, and effectiveness
consideration of changes in the profile of risks and asset management practice in the respective
opportunities. industry.
consideration of changes in the profile of risks and management review in considering changes in the
opportunities. profile of risks and opportunities in informing

consideration of changes in the profile of risks and asset management practice in the respective
opportunities. industry.
consideration of changes in the profile of risks and management review in considering changes in the
opportunities. profile of risks and opportunities in informing
9.3.9 - The outputs of the management review shall • Underlying knowledge of ISO 55001 and good
include decisions related to continual improvement asset management practice in the respective
opportunities and any need for changes (see 8.2) to industry.
the asset management system.
9.3.9 - The outputs of the management review shall • Able to assess the extent to which the output of
include decisions related to continual improvement the management review includes decisions related
opportunities and any need for changes (see 8.2) to to continual improvement opportunities and any
the asset management system. need for changes, and the extent to which these
can be effectively linked to the findings on the
matters considered in the review.

ISO 55001:2014 - Section 10.0 Improvement

10.1.1 - When a nonconformity or incident occurs in The assessor shall look for evidence of a
its assets, asset management or asset nonconformity (NCR) process and for evidence that
management system the organisation shall react to incidents are documented using this process. The
the nonconformity or incident, and as applicable assessor shall look for documented actions taken to
take action to control and correct it. resolve NCRs.
10.1.10 - The organisation shall retain documented The assessor shall look for evidence of a
information as evidence of the nature of the systematic process to retain documented
nonconformities or incident and any subsequent information related to nonconformities or incidents
actions taken. and any subsequent actions taken.
10.1.11 - The organisation shall retain documented The assessor shall look for evidence of systematic
information as evidence of the results of any processes for retaining documented information as
corrective action. the results of any corrective action.
management system the organisation shall react to incidents are documented using this process. The
the nonconformity or incident, and as applicable assessor shall look for documented evidence that
deal with the consequences. consequences are risk assessed and actions taken
to resolve NCRs.
management system the organisation shall incidents are documented using this process. The
evaluate the need for action to eliminate the causes assessor shall look for documented actions to
of the nonconformity or incident, in order that it eliminate the causes of the NCR or actions taken to
does not occur or recur elsewhere, by reviewing the minimize the likelihood of recurrence.
nonconformity or incident.
evaluate the need for action to eliminate the causes assessor shall look for documented actions taken to
of the nonconformity or incident, in order that it determine the causes of the NCR (e.g., a root
does not occur or recur elsewhere, by determining cause analysis report).
the causes of nonconformity or incident.
evaluate the need for action to eliminate the causes assessor shall look for documented actions to
of the nonconformity or incident, in order that it identify if similar nonconformities exist and have
does not occur or recur elsewhere, by determining been considered in proposed actions (e.g., RCA
if similar nonconformities exist, or could potentially report with evidence that recommended actions are
occur. considered for similar assets).
10.1.6 - When a nonconformity or incident occurs in The assessor shall look for documented evidence
its assets, asset management or asset that recommended actions have been implemented
management system the organisation shall after a nonconformity or incident has occurred.
implement any action needed.
its assets, asset management or asset of review of the effectiveness of any corrective
management system the organisation shall review actions taken.
the effectiveness of any corrective action taken.

its assets, asset management or asset that changes to the asset management system
management system the organisation shall make were considered after a nonconformity or incident
changes (see 8.2) to the asset management has occurred.
system, if necessary.
10.1.9 - Corrective actions shall be appropriate to The assessor shall verify that the corrective actions
the effects of the nonconformities or incident taken are appropriate for the effects of the
encountered. nonconformity or incidents encountered.
10.2.1 - The organisation shall establish processes The assessor shall look for documented evidence
to proactively identify potential failures in asset of established processes to proactively identify
performance and evaluate the need for preventive potential failures in asset performance and the
action. evaluate the need for preventive action.
10.2.2 - hen a potential failure is identified the The assessor shall look for evidence of that the
organisation shall apply the requirements of 10.1. requirements of section 10.1 have been applied
when a potential failure is identified.
10.3.1 - The organisation shall continually improve The assessor shall look for evidence of systematic
the suitability, adequacy and effectiveness of its processes ensuring the continuous improvement of
asset management and the asset management the suitability, adequacy and effectiveness of its
system. asset management and the asset management
system.

6 Competency against AM Landscape requirements
COMPETENCY
KNOWLEDGE AREA: STRATEGY & PLANNING
(KNOWLEDGE AND COMPREHENSION OF)
Asset Management Policy Typical contents of an Asset Management Policy
Asset Management Policy Appropriate levels of authorisation and control for
an Asset management Policy.
Asset Management Policy Consistency of asset management policy with the
organisational strategic plans and other policies of
the organisation.
Asset Management Policy Requirements for communication of the asset
management policy with stakeholders.
Asset Management Policy The role of the asset management policy in the
achievement of the organisational requirements for
asset management, including the asset
management system.
Asset Management Policy Relevant legal, social, environmental, and economic
factors and trends.
Asset Management Strategy & Objectives Typical contents of a Strategic Asset Management
Plan.
Asset Management Strategy & Objectives Use of processes to determine the scope of, and
requirements for, the asset management system.
Asset Management Strategy & Objectives The relationship between asset management
objectives asset management policy, organisational
policy, and other policies of the organisation.
Asset Management Strategy & Objectives How the delivery of asset management outputs
links the asset management objectives and the
processes, plans, organisational structure, and
support resources required of the asset
management system.
Asset Management Strategy & Objectives The role of processes that integrate the asset
management system with other relevant
organisational functions.
Asset Management Strategy & Objectives Determining requirements and constraints for asset
management objectives.
Demand Analysis Understanding how a changing market will influence
demand on an organisation.
Demand Analysis Consider the issues and opportunities as per
section 4.1 of the standard.
Demand Analysis Consider the stakeholders of an organisation and
their changing needs that may influence demand.
Demand Analysis Consider disrupters to an organisation that may
influence demand.
Demand Analysis Consider external and internal factors that could
influence demand.
Strategic Planning The strategic planning process

Strategic Planning The strategic planning cycles.

Strategic Planning The application of stakeholder requirements to the
strategic planning process.
Strategic Planning The application of constraints to the strategic
planning process.
Strategic Planning The development and evaluation of scenarios in the
development of future plans.
Strategic Planning The application of decision-making process and
criteria in strategic planning.
Strategic Planning How strategic planning outcomes impact on the
Strategic Asset management Plan.
Strategic Planning The use of processes for the planning, the design,
implementation, operation, support, and
improvement of the asset management system.
Strategic Planning The processes used for the preparation of relevant
financial projections.
Asset Management Planning Typical contents of an Asset Management Plan,
within the context of a documented Strategic Asset
Management Plan and Asset Management Policy.
Asset Management Planning The use of risk-based methodologies applied by
organisations in the development of asset
management plans.
Asset Management Planning The use of approved criteria for asset management
decision making within the application of a risk-
based methodology.
Asset Management Planning The consideration and use of external and internal
issues relevant to the organisation’s purpose that
affects its ability to achieve the intended outcomes.
Asset Management Planning The consideration and use of stakeholder’s
requirements and expectations with respect to asset
management.
Asset Management Planning Preparation of relevant financial projections.

COMPETENCY
KNOWLEDGE AREA: DECISION MAKING
Capital Investment Decision-Making The process for planning capital expenditure
including the development of financial justifications.
Capital Investment Decision-Making The processes of how costs, risks and benefits of
investment options are analysed.
Capital Investment Decision-Making How different capital investments are compared and
prioritised.
Capital Investment Decision-Making Identification of interventions for assets approaching
end of economic life.
Operations & Maintenance Decision-Making The processes used to seek and gain approval for
Operations and Maintenance plans in terms of:
Required supporting Operations and maintenance
Budgets.
Resultant risk profiles.
Asset performance requirements to be achieved by
those plans.
Operations & Maintenance Decision-Making The processes for identifying and managing human
factors issues in maintenance and operations
decision making.
Operations & Maintenance Decision-Making Identification and definition of maintenance activities
to assure delivery of the asset management
objectives.
Operations & Maintenance Decision-Making Packaging of all maintenance activities to produce
efficient and effective maintenance plans.
Operations & Maintenance Decision-Making Development of operations plans.
Operations & Maintenance Decision-Making How maintenance decisions achieve
organisationally required return on investment
guidelines.
Lifecycle Value Realisation How functions within an organisation work
together to achieve a balance of cost,
performance, and risk.
Lifecycle Value Realisation How value streams of an organisation deliver value
at various stages.
Lifecycle Value Realisation How an organisation uses risk and opportunity in its
decision making.
Lifecycle Value Realisation How an organisation evaluates investment in new
versus investment in existing assets to support
value delivery.
Lifecycle Value Realisation How organisational strategy is considered as a
lever for operational excellence and effective
resource determination.

Resourcing Strategy How resource requirements are identified, secured,

and managed to assure delivery of the required the
asset management plan and AM objectives.
Resourcing Strategy Outsourcing plans
Resourcing Strategy The processes used to seek and gain approval for
changes to Resource plans that result in changes
to: Operations and maintenance Budgets.
to: Resultant risk profiles.
to: Asset performance.
Shutdowns & Outage Strategy How planning a shutdown involves various
functions of an organisation and the required
integrated planning to do so.
Shutdowns & Outage Strategy The consideration of minimising revenue loss during
a shutdown.
Shutdowns & Outage Strategy Determine the different maintenance strategies
utilised within a shutdown to minimise future
disruption, e.g., hard time replacement vs on
condition.
Shutdowns & Outage Strategy Determine the appropriate timing of a shutdown to
maximise business cycles and strategic outcomes.
Shutdowns & Outage Strategy Determine the safety and environmental risks
associated with a shutdown.

COMPETENCY
KNOWLEDGE AREA: LIFECYCLE DELIVERY
Technical Standards & Legislation Understand the Asset Management Policy and the
requirements that the organisation must meet.
Technical Standards & Legislation The process for identifying legislative and regulatory
requirements that the organisation must adhere to.
Technical Standards & Legislation The processes for establishing technical standards
in support of the asset portfolio.
Technical Standards & Legislation How standards support the balance of cost, risk,
and performance.
Asset Creation & Acquisition The processes used for asset capability acquisition
including development and approval of client
requirements; functional performance
specifications, acquisition, installation,
commissioning, and handover.
Systems Engineering The processes used to identify the technical and
financial processes relevant to the business/project
in terms of: Agreement processes.
in terms of: Project enabling process.
in terms of: Technical management process.
in terms of: Technical processes.
Configuration Management The processes used for the effective management
of asset related data (Functional, Physical and
Derived) including: Configuration management and
control.
Derived) including: Configuration Identification.
Derived) including: Configuration Control.


Derived) including: Configuration Status
Accounting.
Derived) including: Configuration verification and
auditing.
Maintenance Delivery The processes used for the integration of
Operations and Maintenance activities, including
work and resource planning.
Maintenance Delivery The processes used for the communication of:
Proposed Changes to existing Operations and
Maintenance plans.
Maintenance Delivery The processes used for the communication of:
Approved changes to Operations and Maintenance
plans.
Maintenance Delivery The processes used to seek and gain approval for
changes to Operations and Maintenance plans that
result in changes to: Operations and maintenance
Budgets.
result in changes to: Resultant risk profiles.
result in changes to: Asset performance.
Reliability Engineering The processes for determining reliability targets for
system and assets.
Reliability Engineering The processes for applying reliability such as MRA
and FMECA.
Reliability Engineering The processes for determining criticality
Reliability Engineering How reliability provides value to decision making for
an asset portfolio.
Reliability Engineering The processes for using reliability as an input to
challenge maintenance and operational cycles.
Asset Operations How asset operations relate to ISO55001 Section 8
Operate.
Asset Operations The processes used to determine how operations
underpin the services that deliver value for
stakeholders.
Asset Operations The processes that identify and mange operational
risks.
Asset Operations The integration of an organisation’s functions to
realise value from asset operations.
Resource Management The processes that support material management.
Resource Management The processes around the management of
competencies.

Resource Management The considerations for outsourcing versus

insourcing.
Resource Management The influence an organisational structure has on the
alignment of resources to operations.
Resource Management The processes to support the approval of
resources.
Shutdown & Outage Management The planning processes to wind down a plant,
through to bringing a plant back online within an
acceptable risk.
Shutdown & Outage Management The ability to source and utilise external resources
to assist in a shutdown in both capacity and
capability.
Shutdown & Outage Management The processes for identifying, sourcing, and
procuring appropriate resources to support a shut
down.
Shutdown & Outage Management The processes for planning a shutdown and the
various organisational planning cycles that must be
considered.
Shutdown & Outage Management The approach an organisation takes to minimise
disruption to operations.
Fault & Incident Response The processes of planning for and dealing with
emergencies and incidents and resulting disruptions
to normal operations in terms of an appropriate
balance between: The expected costs/budget.
balance between: The expected resultant risks.
balance between: The expected resultant asset
performance.
Asset Decommissioning and Disposal The processes used to identify candidate assets for
retirement.
Asset Decommissioning and Disposal The processes used to identify candidate systems
for retirement.
Asset Decommissioning and Disposal The consideration an organisation has to
decommission assets in favour of technology and
innovation.
Asset Decommissioning and Disposal The consideration of strategic procurement to
identify supply chain obsolescence and mitigation
strategies.
Asset Decommissioning and Disposal The impact on configuration in the disposal of an
asset.

KNOWLEDGE AREA: ASSET INFORMATION COMPETENCY

Asset Information Strategy The process for determining the asset information
requirements necessary to support decision-making
and operational activities.
Asset Information Strategy How asset information systems are specified.
Asset Information Strategy How record-keeping and other documentation
requirements are specified.
Asset Information Strategy The processes for identifying and responding to

human factor issues relating to asset management
information and knowledge.
Asset Information Standards Specifying asset information requirements to assure
the attribute requirements of asset data are
collected and recorded in a consistent way.
Asset Information Standards Specifying how and when information is to be
collected, analysed, and evaluated.
Asset Information Standards Specifying data quality requirements.
Asset Information Standards Defining requirements for alignment of financial and
non- financial terminology.
Asset Information Systems The processes used to determine the requirements
for asset management information systems.
Data & Information Management Data management processes to assure asset
management information systems provide data in
accordance with the asset information requirements
and standards.
Data & Information Management Data governance processes to determine the
appropriate data assurance activities are
undertaken to determine the data accuracy and
quality.
Data & Information Management Processes to assure consistency and traceability
between financial and technical data and other
relevant non-financial data.
Procurement & Supply Chain Management The processes that support of sourcing materials.
Procurement & Supply Chain Management The processes that support of sourcing resources.
Procurement & Supply Chain Management How supply chain is a life cycle in its own discipline
that supports asset management objectives.
Procurement & Supply Chain Management Specifications used to define the products and
services that need to be procured.

COMPETENCY
KNOWLEDGE AREA: ORGANISATION & PEOPLE
Asset Management Leadership Determining the visible commitment of management
to the leadership required for Asset Management
and the Asset Management System.
Asset Management Leadership Determining the communications strategy for Asset
Management and the Asset Management System.
Asset Management Leadership The processes used to determine the leadership
selection, training, and assessment, based on the
values, shared beliefs, and behaviour role models.
Organisational Structure Defining the positions within the organisation that
have the right level of authority and decision rights
for Asset Management and the Asset Management
system.
Organisational Structure The process used to identify which positions within
the organisational structure are the most
appropriate to give the right level of authority and
decision rights needed for the implementation and
ongoing support for Asset Management and the
Asset Management System.
Organisational Culture How to determine the sustainability of the approach
of leadership and organisational structure to embed
Asset Management into the organisation.
Organisational Culture The processes used to determine the reward and
penalty (consequences) system applicable to
enhance/reinforce the desirable behaviour and
avoid/prevent undesirable one.
Organisational Culture The processes used to determine the values,
shared beliefs, and behaviour role models for the
organisation and how they are communicated for
the applicable stakeholders.
Organisational Culture The processes used to determine symbols (written
and unwritten ones) that reinforce and are in
accordance with values, shared beliefs, behaviours,
and consequence systems.
Competence Management The processes used to Identify needed
competencies to support (decision making) within
the asset management system
Competence Management The processes used to Develop and implement
individual training plans to close any identified
competency gap.
Competence Management The processes used to Authorise people within the
AMS to make decisions, as part of either a specific
project or a program of work.
Competence Management The processes used to Identify and manage a
technical and/or financial regulatory system.

COMPETENCY
KNOWLEDGE AREA: RISK & REVIEW
Risk Assessment and Management The processes used for Identifying and assessing
risks, associated with the use of assets.
Risk Assessment and Management The processes used for Selecting mitigation tasks
for the management of the risks including relevant
legal, regulatory, ethical, and social requirements.
Risk Assessment and Management The processes used to identify, analyse, and
mitigate the cumulative risks associated with the
use of assets.
Contingency Planning & Resilience Analysis The processes for considering future risk and
opportunity.
Contingency Planning & Resilience Analysis The consideration of how to plan for future adverse
events.
Contingency Planning & Resilience Analysis The processes to change operational plans to
manage adverse conditions.
Contingency Planning & Resilience Analysis The processes to change maintenance plans to
manage adverse conditions.
Contingency Planning & Resilience Analysis The processes for including Asset Management
decision making in a business continuity scenario.
Sustainable Development Consider future requirements in environmental.
Sustainable Development Consider financial sustainability in Asset
Management decision making.
Sustainable Development Consider future stakeholder requirements.
Sustainable Development Consider the United Nations Sustainability
Development Goals in Asset Management decision
making.
Sustainable Development Consider the concept of triple bottom line
management and how it builds sustainability.
Management of Change The process that support change management
associated with management activities, from the
effect of: Organisation change.

effect of: Asset Management System process
change.
effect of: Changes in relevant Laws, regulatory
requirements etc.


effect of: Changes to the organisation’s approved
Decision-Making Criteria.
effect of: Changes to the organisation’s Risk
Management Framework.
Assets Performance & Health Monitoring The processes used to: Monitor and review asset
performance, against the approved functional
performance specification requirements.
failure mode data against the baseline analysis.
condition monitoring data against the baseline
analysis.
maintenance and operating costs data against the
baseline analysis.
risk data against the baseline analysis.
Asset Management System Monitoring The processes used to: Monitor the AMS
performance, against the approved functional
performance specification requirements.
Asset Management System Monitoring The processes used to: Monitor AMS failure data
against the baseline analysis.
Asset Management System Monitoring The processes used to: Monitor AMS maintenance
and operating costs data against the baseline
analysis.
Management Review, Audit & Assurance The processes used to: Measure, analyse and
evaluate the AMS.
Management Review, Audit & Assurance The processes used to: Measure, analyse and
evaluate the performance of assets.
Management Review, Audit & Assurance The processes used to: Develop and conduct
internal audits of the AMS.
Management Review, Audit & Assurance The processes used to: Develop and conduct
management reviews of the AMS.
Management Review, Audit & Assurance The processes used to: Identify and review asset
failure, together with development of corrective
actions
Management Review, Audit & Assurance Conduct the continual improvement of: The Asset
Management System.
Management Review, Audit & Assurance Conduct the continual improvement of: The assets
of the organisation.
Asset Costing & Valuation The processes used to determine operational
(OPEX) costing.
Asset Costing & Valuation The concept of whole of life costing.

Asset Costing & Valuation The process used to determine investment

(CAPITAL/CAPEX) costing.
Asset Costing & Valuation The concept of TOTEX and how it influences Asset
Management decision making.
Asset Costing & Valuation The processes to determine useful life versus
financial valuation (ISO55010).
Stakeholder Engagement The processes used to: Identify the stakeholders
relevant to the asset management system.
Stakeholder Engagement The processes used to: Develop and approve the
requirements and expectations of those
stakeholders.
Stakeholder Engagement The processes used to: Identify and approve the
criteria for asset management decision making.
Stakeholder Engagement The processes used to: identify and approve the
stakeholder requirements for recording financial and
non-financial information for reporting both internally
and externally.
Asset Management System The scope and content of the asset management
system.
Asset Management System The requirements of an asset management system
defined by ISO 55001.
Asset Management System The processes used to verify that the requirements
of an asset management system are met.
Asset Management System The ability to conceptualise and discuss alternative
strategic approaches and define the risks and
benefits of each, using the collective considerations
from asset management discipline professionals.

7 Appendix I: Bloom’s Taxonomy of Learning

A1 Bloom's Taxonomy (in full: Bloom's Taxonomy of Learning Domains, or Bloom's Taxonomy
of Educational Objectives) was first published in 1956 under the leadership of Dr Benjamin
Bloom, an American academic and educational expert. ‘Bloom's Taxonomy’ was originally
created with the aim of developing a system of categories of learning behaviour. The
intention was to assist in the design and assessment of educational learning. However,
Bloom’s Taxonomy is now used by corporate trainers and HR professionals, coaches and
teachers: the Taxonomy is relevant to all types of learning.
A2 At the outset, Bloom believed that education should focus on ‘mastery’ of subjects and the
promotion of higher forms of thinking, rather than a utilitarian approach to simply transferring
facts. Bloom demonstrated that most teaching tended to be focused on fact-transfer and
information recall – the lowest level of training – rather than truly meaningful personal
development.
A3 The Taxonomy – the set of classification principles – has been represented thus:
Synthesis
Evaluation
Analysis
Application
Comprehension
Knowledge
A4 The Taxonomy is structured into three domains (‘categories’): Cognitive, Affective and
Psychomotor. Relating this to the above diagram, these domains can be represented thus:
Domains
Cognitive Affective Psychomotor
Synthesize (create/build)
Evaluate Internalize value system Naturalization

(assess, judge in relational (adopt behaviour) (automate, become expert)
terms)
Increasing degree of difficulty
Analyse (structure/elements) Organise personal value Articulation

system (combine, integrate related
of categories 
skills)
Apply (use) Value (understand and act) Develop Precision
Understand Respond (react) Manipulation (follow

instructions)
Recall data Receive (awareness) Imitation (copy)
Knowledge Attitude Skills

A5 In each of the three domains Bloom's Taxonomy is based on the premise that the categories
are ordered in degree of difficulty. An important premise of Bloom's Taxonomy is that each
category (or 'level') must be mastered before progressing to the next. As such the categories
within each domain are levels of learning development, and these levels increase in difficulty.
A6 This matrix structure enables a checklist or template to be constructed for the design of
learning programmes, training courses, qualifications, and examinations. It can be argued
that effective learning – especially in organisations, where training is to be converted into
quantifiable results – should cover all the levels of each of the domains with regard to the
situation and the learner.

GFMAM Competency Specification for ISO 55001 Asset Management System Assessors

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

GFMAM Competency Specification for ISO 55001 Asset Management System Assessors

Uploaded by

Copyright:

Available Formats

GFMAM Competency Specification for an ISO 55001

Asset Management System Assessor

GFMAM Competency Specification

ISBN 978-1-7774676-6-1 www.gfmam.org Page 1 of iii

About this Document

The Assessor Specification is provided free by the GFMAM.

ISBN 978-1-7774676-6-1 www.gfmam.org Page i of iii

The Global Forum on Maintenance and Asset Management

• Associação Brasileira de Manutenção e Gestão de Ativos

The enduring objectives of the GFMAM are:

ISBN 978-1-7774676-6-1 www.gfmam.org Page ii of iii

ISBN 978-1-7774676-6-1 www.gfmam.org Page iii of iii

It does not provide any guidance on conducting an audit or assessment.

ISBN 978-1-7774676-6-1 www.gfmam.org Page 1 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 2 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 3 of 47

(1) Knowledge of business

(2) Knowledge of audit principles,

(5) Knowledge of client’s business

ISO/IEC TS 17021-5: Competence requirements for auditing and certification of asset

ISBN 978-1-7774676-6-1 www.gfmam.org Page 4 of 47

4 Asset Management Competency Context

ISBN 978-1-7774676-6-1 www.gfmam.org Page 5 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 6 of 47

5 Competency against ISO 55001 requirements

ISO Shall statement Required Competency

ISBN 978-1-7774676-6-1 www.gfmam.org Page 7 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 8 of 47

ISO 55001:2014 - Section 5.0 Leadership

ISO Shall statement Required Competency

5.1 - Leadership and Commitment. Top management demonstrate Leadership and

ISBN 978-1-7774676-6-1 www.gfmam.org Page 9 of 47

5.2 - Policy Top Management will articulate the requirements of

ISBN 978-1-7774676-6-1 www.gfmam.org Page 10 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 11 of 47

ISO 55001:2014 - Section 6.0 Planning

ISBN 978-1-7774676-6-1 www.gfmam.org Page 12 of 47

6.2.1 - Asset management objectives Knowledge and understanding of economic and

ISBN 978-1-7774676-6-1 www.gfmam.org Page 13 of 47

ISO 55001:2014 - Section 7.0 Support

7.1 - Resources The assessor will ensure the organisation has

7.2 - Competence The assessor will ensure the organisation has

7.3 - Awareness The assessor will evaluate the awareness of those

each other, and the implications of not confirming to

7.4 - Communication The assessor will ensure the organisation has a

ISBN 978-1-7774676-6-1 www.gfmam.org Page 15 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 16 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 17 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 18 of 47

7.6.1 - General The assessor will ensure the asset management

ISBN 978-1-7774676-6-1 www.gfmam.org Page 19 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 20 of 47

ISO 55001:2014 - Section 8.0 Operation

necessary to have confidence and evidence that

ISBN 978-1-7774676-6-1 www.gfmam.org Page 22 of 47

ISO 55001:2014 - Section 9.0 Performance Evaluation

ISBN 978-1-7774676-6-1 www.gfmam.org Page 24 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 25 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 26 of 47

9.3 - Management Review Top Management have in place a Management

ISBN 978-1-7774676-6-1 www.gfmam.org Page 27 of 47

ISBN 978-1-7774676-6-1 www.gfmam.org Page 28 of 47

suitability, adequacy, and effectiveness of the