ISO 55001:2024

International (ISO/TC 251)

v2024 (second edition)

7 domains

38 controls

The ISO asset management system standard, second edition: a value-driven decision-making framework, the strategic asset management plan, risk and opportunity processes, data, information and knowledge, life cycle control and predictive action.

Verified

ISO 55001:2024 is a compliance framework from International (ISO/TC 251) with 7 domains and 38 controls that map to 2 other frameworks. The largest domains are Support – ISO 55001:2024 (9 controls), Context of the organization – ISO 55001:2024 (7 controls), Planning – ISO 55001:2024 (7 controls). Every control below carries what it requires and what an assessor expects to see.

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Framework Domains (7)

Context of the organization – ISO 55001:2024

7 controls

Controls in the Context of the organization – ISO 55001:2024 domain of ISO 55001:2024: 7 controls
Code	Title	Description
iso-55001-2024::4.1	Understanding the organization and its context	The organization has to work out which issues, inside and outside it, bear on its purpose and on whether its asset manag...
iso-55001-2024::4.2	Understanding the needs and expectations of stakeholders	The organization identifies (a) which stakeholders matter to the asset management system, (b) what those stakeholders re...
iso-55001-2024::4.3	Determining the scope of the asset management system	The organization fixes where the asset management system starts and stops and what it covers, and so sets its scope. In...
iso-55001-2024::4.4	Asset management system	The organization sets up an asset management system, runs it, keeps it going and keeps making it better, together with t...
iso-55001-2024::4.5.1	Framework	The organization sets up, and actually uses, a framework for taking asset management decisions that fits its type, size...
iso-55001-2024::4.5.2	Criteria	When the organization sets its asset management decision criteria it takes into account (a) the effects a decision can h...
iso-55001-2024::4.5.3	Methods, processes and tools	The organization uses its decision-making framework to pick suitable methods, processes and tools, having regard to the...

Improvement – ISO 55001:2024

3 controls

Controls in the Improvement – ISO 55001:2024 domain of ISO 55001:2024: 3 controls
Code	Title	Description
iso-55001-2024::10.1	Continual improvement	The organization keeps making its assets, the way it manages them, and the system it uses for that more suitable, adequa...
iso-55001-2024::10.2	Nonconformity and corrective action	When a nonconformity or incident arises in its assets, its asset management or its asset management system, the organiza...
iso-55001-2024::10.3	Predictive action	The organization sets up processes for anticipating when decisions about its assets, how it manages them, and its manage...

Leadership – ISO 55001:2024

3 controls

Controls in the Leadership – ISO 55001:2024 domain of ISO 55001:2024: 3 controls
Code	Title	Description
iso-55001-2024::5.1	Leadership and commitment	Top management shows leadership of the asset management system, and commitment to it, in these ways: (a) making sure the...
iso-55001-2024::5.2	Asset management policy	Top management sets an asset management policy that (a) suits the organization's purpose, (b) gives a basis for setting...
iso-55001-2024::5.3	Roles, responsibilities and authorities	Top management makes sure responsibilities and authorities for the relevant roles are allocated and made known across th...

Operation – ISO 55001:2024

3 controls

Controls in the Operation – ISO 55001:2024 domain of ISO 55001:2024: 3 controls
Code	Title	Description
iso-55001-2024::8.1	Operational planning and control including life cycle management	The organization plans, carries out and controls the processes, life cycle processes among them, that it needs to meet r...
iso-55001-2024::8.2	Control of change	The organization keeps planned changes under control and looks at the effects of changes that were not intended, acting...
iso-55001-2024::8.3	Externally provided processes, products, technologies and services	The organization makes sure that processes, technologies, products, services and activities it obtains from outside and...

Performance evaluation – ISO 55001:2024

6 controls

Controls in the Performance evaluation – ISO 55001:2024 domain of ISO 55001:2024: 6 controls
Code	Title	Description
iso-55001-2024::9.1	Monitoring, measurement, analysis and evaluation	The organization decides (a) what it will monitor and measure, both on meeting stakeholder requirements and on how well...
iso-55001-2024::9.2.1	General	At planned intervals the organization carries out internal audits that tell it whether the asset management system (a) m...
iso-55001-2024::9.2.2	Internal audit programme	The organization plans, sets up, runs and keeps up one or more audit programmes that fix how often, how and by whom audi...
iso-55001-2024::9.3.1	General	At planned intervals top management reviews the organization's asset management system to confirm it remains suitable, a...
iso-55001-2024::9.3.2	Management review inputs	The review takes in: (a) progress on actions from earlier reviews; (b) changes in the internal and external issues that...
iso-55001-2024::9.3.3	Management review results	What comes out of the review includes decisions on opportunities for continual improvement, on whether resources are ade...

Planning – ISO 55001:2024

7 controls

Controls in the Planning – ISO 55001:2024 domain of ISO 55001:2024: 7 controls
Code	Title	Description
iso-55001-2024::6.1.1	General	In planning the asset management system, the organization looks at the issues under 4.1 and the requirements under 4.2 a...
iso-55001-2024::6.1.2	Actions to address risk	The organization sets up processes to assess risk arising from its assets, from asset management and from the asset mana...
iso-55001-2024::6.1.3	Actions to address opportunities	The organization sets up processes to find, gather, collect or capture opportunities, and to decide which of them to pur...
iso-55001-2024::6.2.1	Strategic asset management plan (SAMP)	The organization produces a strategic asset management plan (SAMP) setting out its strategies and approaches for taking...
iso-55001-2024::6.2.2	Asset management objectives	The organization sets asset management objectives for the relevant functions and levels. In setting them it considers it...
iso-55001-2024::6.2.3	Planning to achieve asset management objectives	The organization draws up and keeps up one or more asset management plans to meet its asset management objectives, in li...
iso-55001-2024::6.3	Planning of changes	Where the organization finds that its assets, its asset management or its asset management system need to change, it mak...

Support – ISO 55001:2024

9 controls

Controls in the Support – ISO 55001:2024 domain of ISO 55001:2024: 9 controls
Code	Title	Description
iso-55001-2024::7.1	Resources	The organization works out and supplies the resources required to set up, run, keep up and continually improve the asset...
iso-55001-2024::7.2	Competence	The organization (a) works out what competence people doing work under its control need where that work affects asset pe...
iso-55001-2024::7.3	Awareness	People working under the organization's control whose work can affect whether asset management objectives are met know a...
iso-55001-2024::7.4	Communication	The organization decides what internal and external communication and engagement it needs about its assets, their manage...
iso-55001-2024::7.5.1	General	The asset management system includes (a) the documented information the standard calls for, (b) the documented informati...
iso-55001-2024::7.5.2	Creating and updating documented information	When documented information is created or updated, the organization makes sure it carries suitable identification and de...
iso-55001-2024::7.5.3	Control of documented information	Documented information that the asset management system and the standard require is controlled so that it (a) can be fou...
iso-55001-2024::7.6	Data and information	The organization (a) decides what data and information it needs to support asset management (a note names activities tha...
iso-55001-2024::7.7	Knowledge	The organization works out what knowledge it needs to run the asset management system, and puts processes in place for m...

Maps to 2 other frameworks

38 total controls

ISO 55001:2014

38 source controls mapped|27 target controls covered

100%

ISO 19650 - Organisation and Digitisation of Information about Buildings and Civil Engineering Works (BIM)

7 source controls mapped|22 target controls covered

18%

Compare ISO 55001:2024 with ISO 55001:2014

Coverage is not the same as your position

This page shows what ISO 55001:2024 overlaps with in general. Where your organisation actually stands, against the standard you are going for and the certifications you already hold, is a different question. Same graph and the same recorded refutations, scoped to you rather than to a pair.

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What is ISO 55001:2024 and who does it apply to?

ISO 55001:2024 is a compliance framework from International (ISO/TC 251) with 7 domains and 38 controls. The ISO asset management system standard, second edition: a value-driven decision-making framework, the strategic asset management plan, risk and opportunity processes, data, information and knowledge, life cycle control and predictive action. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.

What does ISO 55001:2024 actually require?

ISO 55001:2024 has 38 controls organised across 7 domains. The largest domains are Support – ISO 55001:2024 (9 controls), Context of the organization – ISO 55001:2024 (7 controls), Planning – ISO 55001:2024 (7 controls). Each control defines specific requirements that organisations must implement to achieve compliance.

If I already comply with another framework, how much of ISO 55001:2024 do I already cover?

ISO 55001:2024 maps to 2 other compliance frameworks. The top mapping partners are ISO 55001:2014 (100% coverage), ISO 19650 - Organisation and Digitisation of Information about Buildings and Civil Engineering Works (BIM) (18% coverage). Use our comparison tool to explore control-level mappings between frameworks.

How do I implement ISO 55001:2024?

Start your ISO 55001:2024 compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about ISO 55001:2024 requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 38 controls and track your progress.

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