Should You Go For An ISO 55000 Certification?

The new international standard for Asset Management, the ISO 55,000, has already been published two years ago. It has enjoyed wide acceptance from businesses. Some, however, still find it unclear. With the new standard comes a certification process. Is getting certified worth the trouble? But first, what is ISO 55000, and what does it mean to be certified?

Asset management solutions are offering explanations about ISO 55000. For instance, asset management following ISO 55000, according to, means meeting several standards set by the prescribed guideline. This, of course, is the ISO 55000, a set of standards originating from the British PAS 55, or ‘Publicly Accessible Standards 55’. It is a to-do list for better asset management.

Conformity Assessment

To get certified, a business must go through Conformity Assessment. states that conformity assessment bodies perform the tests, checking whether businesses measure up to the specifications for certification. A basis for conformity assessment is how a business follows safety regulations. Thus, going through the assessment before certification ensures that quality products and services from well-maintained companies are landing on the market.

What’s in it for those who abide by the ISO 55000?

Certification is one thing, but getting added confidence about businesses is another. If businesses play by the rules, they not only gain confidence in their service. They also provide their customers with assurance that their product or service is reliable. It only follows that they also have an edge against their competitors. Regulators can also be assured that companies are providing products and services that meet safety regulations. The businesses are not harmful to environmental and health conditions.

Don’t End With Certification

Following the ISO 55000 specifications and getting a certification do not make businesses perfect. What they do is help stakeholders a sense of security regarding the businesses. They don’t solve all business errors, but they guide companies in making less mistakes.

Should businesses go for certification? It has its advantages, so companies my want to give it a shot. But, they should not stop there. Good asset management builds a business’ reputation. It does not end with compliance and certification. Rather, it may begin with both.