Asset Management System Certification Audits

Key requirements — selected themes

• Asset management policy, objectives and strategic alignment
• Asset management decision-making and planning
• Lifecycle activities and operational control
• Asset information, knowledge and competence
• Risk, opportunities and outsourced activities
• Performance evaluation and improvement

High-level summary

An evaluation of the management system used to realise value from assets over their lifecycle. Audits examine how objectives, decisions, information and operating practices connect asset management with organisational priorities.

Certification provides independent recognition of a systematic management approach. It does not certify the condition of every asset or guarantee availability, financial returns or the technical adequacy of individual engineering decisions.

Third-party certification pathway

References: [S11] · [G01] · [G02] · [G03]

• Application & scope. Identify asset portfolios, lifecycle responsibilities, locations and the proposed system boundaries.
• Review & audit planning. Confirm eligibility, impartiality, competence and applicable rules; agree scope, audit time and programme.
• Stage 1 — readiness. Review strategic alignment, asset management plans, information requirements and internal evaluation.
• Stage 2 — implementation. Evaluate selected lifecycle decisions, outsourced controls, asset information and performance evidence.
• Nonconformity resolution. Review corrections and corrective actions; verify closure or accept action plans as the applicable rules require.
• Independent certification decision. A competent function independent of the audit evaluates the evidence; certification is issued only when requirements are met.
• Surveillance. Review portfolio changes, risk, asset performance and follow-through on improvement decisions.
• Recertification. Reassess the system before certificate expiry and complete the required review and decision for a new cycle.