ISO 55001 Checklist

Use this ISO 55001 Audit Checklist to assess asset management system compliance, SAMP, lifecycle controls, for an internal audit and gap analysis preparing ISO 55001 certification.

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ISO 55001 Checklist



Clause 4 — Context Of The Organization

1. Internal and external issues relevant to the organization's purpose and that affect its ability to achieve the intended outcomes of the asset management system (AMS) are identified and documented.


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2. Internal issues are reviewed and include factors such as organizational structure, existing asset management practices, workforce capability, and financial constraints.


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3. External issues are reviewed and include regulatory requirements, market conditions, stakeholder expectations, and environmental or sustainability obligations affecting assets.


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4. Interested parties relevant to the AMS are identified, including owners, regulators, customers, employees, maintenance contractors, and communities affected by asset performance.


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5. The requirements and expectations of each interested party are documented and reviewed at defined intervals.


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6. The scope of the AMS is documented, defining which assets, asset systems, and organizational units are included.


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7. Any assets or asset categories excluded from the AMS scope are listed with documented justification.


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8. The AMS scope is aligned with and supported by the Strategic Asset Management Plan (SAMP).


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9. The scope is available to relevant interested parties.


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10. A framework for asset management decision-making is established, with documented criteria that align asset decisions with organizational objectives, risks, and opportunities.


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Clause 4.5 — Asset Management Decision-Making

1. A framework for asset management decision-making is documented (Clause 4.5.1), defining the overall approach the organization uses to make consistent, value-based decisions about its assets.


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2. Decision-making criteria are defined and documented (Clause 4.5.2), covering the factors — including risk, cost, performance, and stakeholder requirements — against which asset management decisions are evaluated and prioritized.


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3. Appropriate methods, processes, and tools to support asset management decision-making are determined and applied (Clause 4.5.3), enabling objective, repeatable, and auditable decisions across the asset portfolio.


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4. The decision-making framework is aligned with the SAMP and organizational objectives, and evidence is available that it is used in practice to inform significant asset investment, maintenance, and disposal decisions.


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5. The decision-making framework is reviewed and updated when organizational objectives, the risk environment, or the asset portfolio changes materially.


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Clause 5 — Leadership

1. Top management has demonstrated commitment to the AMS through active involvement in policy approval, SAMP endorsement, and resource allocation decisions.


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2. Top management has approved and communicated the asset management policy to the organization.


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3. The asset management policy is documented and appropriate to the purpose and context of the organization.


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4. The policy includes a commitment to satisfying applicable requirements, managing risks, realizing value from assets across their lifecycle, and continually improving the AMS.


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5. The policy provides the framework for setting and reviewing asset management objectives.


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6. The policy is communicated to all personnel whose work affects asset management performance.


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7. The policy is available to relevant external interested parties.


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8. Top management has approved the SAMP and ensured it aligns with organizational objectives and decision-making criteria.


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9. Roles, responsibilities, and authorities for asset management are documented and assigned, including accountability for AMS conformity and performance.


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10. Responsibility for reporting AMS performance to top management is formally assigned.


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11. Evidence that AMS roles and responsibilities have been communicated to relevant personnel is available.


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Clause 6 — Planning

1. The organization has a documented process for identifying risks and opportunities that could affect the AMS and its intended outcomes.


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2. Risks and opportunities related to asset management are assessed and prioritized, with documented treatment plans and assigned owners.


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3. The risk assessment approach considers asset failure consequences, likelihood, and impact on organizational objectives.


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4. A Strategic Asset Management Plan (SAMP) is documented and approved by top management.


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5. The SAMP translates organizational objectives into asset management objectives and defines the approach for achieving them.


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6. The SAMP documents the scope of the AMS and the role of the AMS in delivering organizational objectives.


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7. The SAMP covers an appropriate time horizon relative to the lifecycle of the assets in scope, with a defined review and update cycle.


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8. The SAMP includes actions to address identified risks and opportunities affecting asset management.


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9. Asset management objectives are established, documented, and measurable.


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10. Asset management objectives are consistent with the asset management policy and aligned with organizational objectives.


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11. Plans to achieve asset management objectives include assigned responsibilities, required resources, timelines, and methods for evaluating results.


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12. Asset management plans are documented for the assets and asset systems within the AMS scope.


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13. Asset management plans translate the strategic direction of the SAMP into specific, actionable activities for managing individual asset groups or classes.


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14. Each asset management plan specifies the activities to be performed, the resources required, timescales, performance criteria, and the methods used to monitor and review plan execution.


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15. Asset management plans identify the maintenance strategy applied to each asset class, including the basis for selecting preventive, predictive, or condition-based approaches.


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16. Asset criticality is assessed and documented, and maintenance strategy selection is demonstrably linked to criticality ratings.


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17. A change management process is documented for planned changes to the AMS, the SAMP, or asset management plans that could affect intended outcomes.


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Clause 7 — Support

1. Resources required to establish, implement, maintain, and continually improve the AMS are identified and provided, including financial, human, and equipment resources.


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2. A resource gap analysis or equivalent process is used to identify and address shortfalls in resources required to deliver the SAMP and asset management plans.


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3. Competence requirements are defined for all roles that affect asset management performance, including maintenance personnel, asset managers, planners, and contractors.


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4. Evidence of competence is available for personnel in AMS roles, including qualifications, training records, and assessed performance.


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5. Training records are maintained and evidence that training effectiveness has been evaluated is available.


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6. Personnel are aware of the asset management policy, their contribution to AMS objectives, and the consequences of not conforming to AMS requirements.


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7. Internal and external communication requirements for the AMS are documented, specifying who communicates what, to whom, and at what frequency.


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8. Evidence of communications occurring as planned is available.


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9. A document control procedure is in place covering creation, approval, version control, and access management for AMS documented information.


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10. The asset register is maintained as documented information, identifying assets within the AMS scope along with relevant attributes such as asset type, location, condition, age, criticality, and ownership.


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11. Asset information is kept current and accessible to personnel who need it to make asset management decisions.


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12. An asset information system or equivalent is in place to capture, store, and retrieve asset condition data, maintenance history, work order records, and lifecycle cost data.


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13. Retention requirements for AMS documented information are defined and applied.


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Clause 7.6 — Data And Information

1. Processes are in place to enable asset management knowledge and data to be used effectively, made accessible for decision-making, retained, and acquired where gaps are identified.


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2. Asset data quality standards are defined, covering accuracy, completeness, timeliness, and consistency of data held in the asset register and asset information systems.


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3. Processes are in place to verify and maintain asset data quality, with data quality issues identified, investigated, and corrected.


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4. Asset information is managed as a strategic resource, with defined ownership, governance arrangements, and processes for keeping information current as the asset portfolio changes.


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5. The asset information system or equivalent is capable of supporting the decision-making framework established under Clause 4.5, providing the data needed to evaluate options against defined decision criteria.


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Clause 8 — Operation

1. Operational planning and control procedures are documented for all asset management activities within scope, including maintenance execution, asset inspection, procurement, and disposal.


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2. Evidence that asset management activities are carried out according to documented plans and procedures is available.


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3. Asset lifecycle management is addressed in operational planning, covering all lifecycle phases: acquisition or creation, operation, maintenance, modification, and disposal or decommissioning.


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4. Lifecycle cost considerations are factored into asset investment and replacement decisions, with documented evidence of lifecycle cost analysis where significant asset decisions are made.


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5. Asset condition is assessed at defined intervals using documented methods, and condition data is used to inform maintenance strategy and investment decisions.


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6. Maintenance activities are carried out according to the asset management plans, with work orders, completion records, and findings documented.


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7. Deferred maintenance is tracked, risk-assessed, and reported to relevant management.


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8. Asset modifications and upgrades are subject to a formal change control process, including technical review, risk assessment, and update of asset records and plans.


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9. Procurement of new assets includes documented requirements covering performance specifications, lifecycle cost targets, maintainability, and compatibility with existing asset systems.


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10. Contractor and outsourced service provider management procedures are documented, including criteria for selection, performance monitoring, and review.


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11. Outsourced asset management activities are controlled to the same standard as internally performed activities, with evidence of oversight available.


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12. Emergency response and contingency procedures are in place for critical asset failures, covering escalation, interim risk mitigation, and recovery.


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13. Asset disposal and decommissioning procedures are documented, covering safe removal, environmental obligations, data or record retention, and update of the asset register.


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Clause 9 — Performance Evaluation

1. The organization has determined what to monitor and measure for AMS performance, including asset reliability, maintenance effectiveness, asset availability, lifecycle cost performance, and progress against asset management objectives.


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2. Methods, frequency, responsibility, and criteria for evaluating monitoring and measurement results are documented.


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3. Asset performance data is collected, analyzed, and reported to relevant management at defined intervals.


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4. Key performance indicators (KPIs) for asset management are tracked over time and used to assess whether asset management objectives are being achieved.


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5. Asset condition data and failure history are analyzed to identify trends, predict future performance, and inform maintenance strategy reviews.


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6. An internal audit program for the AMS is documented, covering audit scope, criteria, frequency, and auditor selection.


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7. Auditor independence from the areas being audited is ensured and documented.


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8. At least one complete internal AMS audit cycle has been completed before the certification audit.


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9. Internal audit reports document findings, evidence reviewed, conformities, and nonconformities.


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10. Audit findings are communicated to relevant management and tracked to closure.


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11. Management reviews of the AMS are conducted at planned intervals by top management.


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12. Management review inputs include AMS performance data, audit results, risk register status, progress against asset management objectives, status of corrective actions, changes in stakeholder requirements or external context, and resource adequacy.


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13. Management review outputs include decisions on improvement opportunities, resource allocation, and any required changes to the SAMP, asset management plans, or AMS processes.


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14. Management review minutes and decisions are retained as documented evidence.


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Clause 10 — Improvement

1. A process for identifying, recording, and managing nonconformities is documented.


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2. Nonconformities, including asset failures, maintenance plan deviations, and AMS process failures, are recorded when they occur.


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3. Root cause analysis is performed for nonconformities to identify the underlying cause rather than the symptom.


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4. Corrective actions are planned with assigned owners and target completion dates.


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5. Corrective actions are verified for effectiveness before the nonconformity is closed.


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6. Records of nonconformities, corrective actions, and closure evidence are retained.


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7. Lessons learned from asset failures, near-misses, and nonconformities are used to update risk assessments, maintenance strategies, asset management plans, and AMS processes.


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8. Improvement opportunities are identified through monitoring results, audit findings, management reviews, incident investigations, and changes in organizational objectives or asset portfolio.


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9. Evidence of continual improvement activities is available, demonstrating that the AMS and its outcomes improve over time.


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10. Where applicable, the organization reports to stakeholders on the long-term effects of predictive or proactive asset management actions taken to prevent deterioration or failure.


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Checklist by GoAudits.com – Please note that this checklist is intended as an example. We do not guarantee compliance with the laws applicable to your territory or industry. You should seek professional advice to determine how this checklist should be adapted to your workplace or jurisdiction.

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