IAM Endorsed Asset Management Audits

Ensure your assets deliver maximum value with our comprehensive Asset Management System Audit, endorsed by the Institute of Asset Management (IAM) and aligned with ISO 55001 standards. Our expert team identifies gaps, enhances asset performance, and promotes sustainability across all sectors. Drive community well-being and operational excellence with SAS-AM’s reliable audit asset services.

Organisations with an ISO55001 accredited Asset Management System in Australia as of 2024
Increase in asset performance and efficiency reported by organisations with ISO 55001 accredited Asset Management System.
Return on Investment. Organisations with a robust AMS experience an ROI of 2-3 times their initial investment within the first few years of implementation.

IAM Endorsed Assessors for Asset Management System GAP and Certification

We're endorsed by the Institute of Asset Management (IAM) to deliver asset management gap analysis and certification services. Our experts identify gaps, recommend improvements, and prepare your asset management system for certification. Enhance your asset performance, reduce risks, and achieve compliance with our thorough readiness evaluations.

Asset Management Improvement Roadmaps

Leveraging the GAP analysis and ISO55,001 certifications, our team help our clients develop an optimised improvement roadmap that serves as the strategic direction for the asset management system moving forward. Not sure where to focus your continuous improvement? our roadmap services will help you find the optimal balance between improvement effort and return on investment - making it easier to get buy in and funding moving forward.

Asset Management Gap Analysis

ISO 55,001 and GFMAM Gap analysis provides our clients with an assessment of their current maturity against the recognised standards and framework. A gap analysis is intended to provide a basis for developing improvement programmes for an asset management system. This is often part of a programme to achieve a certificate of conformance but can also be used for continual improvement beyond the level described as competent in the IAM’s maturity scale. We're formally endorsed by the IAM to deliver these services to our clients which is backed up by our AM Audit Management System to ensure quality at every turn.

IAM Endorsed Certifications

ISO55,001 certification services delivers a comprehensive review and assessment of the level of conformity against ISO55001. If the requisite level across all requirements is achieved, a certificate of conformity may be awarded. Our IAM Endorsed Assessor status provides our clients confidence that both the outcomes and the recommendations are aligned to industry and sector better practice.

To back this up, we have a comprehensive AM Audit Management Policy and Manual which ensures quality at every turn.

we work hard to deliver incredible value to our clients.

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Risk Mitigation

Regular audits help identify inefficiencies and areas for improvement, leading to enhanced asset performance and reliability. By systematically addressing issues, organisations can maximise the value derived from their assets.

Cost Reduction

Audits uncover opportunities for cost savings through optimised maintenance schedules, reduced downtime, and better resource allocation. This can result in significant reductions in operational and maintenance costs.

Risk Mitigation

Identifying potential risks and vulnerabilities in the asset management system allows organisations to implement proactive measures to mitigate these risks. This leads to fewer unexpected failures and improved safety and compliance.

Enhanced Compliance

Audits ensure that asset management practices align with relevant standards and regulations, such as ISO 55001. This not only aids in achieving certification but also demonstrates a commitment to best practices and continuous improvement.

Informed Decision Making

Detailed audit reports provide valuable insights and data, enabling informed decision-making regarding asset investments, lifecycle management, and strategic planning. This helps organisations to align their asset management strategies with their overall business goals.

Where theory meets execution

See how we’ve applied our ideas to generate generational changes within our comunity.

ISO55001 Preparedness Assessment

ISO55001 Preparedness Assessment

Our ISO55001:2014 assessment evaluated Transdev Sydney Ferries’ asset management system. By addressing documentation challenges and recommending updates, we aim to boost community trust in public transport and ensure a resilient, well-connected Sydney.

FAQs

Learn more about what our clients ask us.

How do we get started with an Asset Management System Audit?

To get started, contact our team of experts who will guide you through the process, from planning the audit to implementing the necessary improvements.

Can an Asset Management System Audit help with ISO 55001 certification?

Yes, conducting an audit helps prepare your organisation for ISO 55001 certification by identifying and addressing areas that need improvement.

What happens if we find gaps during the audit?

If gaps are identified, the audit report will include recommendations for improvement. Implementing these recommendations helps to align your asset management system with ISO 55001 standards.

How long does an Asset Management System Audit take?

The duration of an audit depends on the size and complexity of the organisation. Typically, it can take anywhere from a few days to several weeks.

What are the key benefits of conducting an Asset Management System Audit?

Key benefits include improved asset performance, cost reduction, risk mitigation, enhanced compliance, and informed decision-making.

How often should we conduct an Asset Management System Audit?

It is recommended to conduct audits annually or whenever significant changes occur in your asset management processes or the regulatory environment.

Why is ISO 55001 important for asset management?

ISO 55001 provides a structured framework for managing assets effectively, enhancing performance, reducing risks, and ensuring sustainable asset management practices.

What is an Asset Management System Audit?

An Asset Management System Audit is a comprehensive review of an organisation's asset management practices to ensure compliance with standards like ISO 55001 and identify areas for improvement.

Who should be involved in the audit process?

The audit process should involve asset management professionals, key personnel from relevant departments, and external auditors with expertise in ISO 55001.

What does the audit process entail?

The audit process includes planning, preparation, execution, reporting, and follow-up. It involves reviewing documentation, interviewing staff, and evaluating asset management practices.

Operational Readiness and Assurance

OR&A is critical for ensuring that assets are fully prepared and efficient for their intended use to guarantee asset performance and reliability.

Asset Lifecycle Optimisation

Asset Lifecycle Optimisation is key to maximising the value and performance of assets throughout their lifecycle to extend asset life and reduce costs.

Asset Information and Data

Information and Data Management is crucial for insightful asset management to maximise asset performance and inform strategic decisions.

Supply Chain Resilience

Our supply chain analytics uses advanced modelling and simulation techniques to anticipate and mitigate obsolescence, ensuring continuous, efficient operation.

Strategic Asset Management

Strategy and meticulous planning is foundational in asset management and encompasses comprehensive analysis, foresight, and structured approaches.

Risk and Reliability Engineering

Risk and Reliability Engineering ensures optimal asset performance and longevity and integrates advanced analytical techniques to enhance the reliability and safety of assets.

Building your best future with IAM Endorsed Asset Management Audits

Shaping the conversations and future of nations, states and regions, we passionately guide stewards to think-well, act-smart and create life-changing impact. One asset at a time.

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