Assessments & Roadmapping

Certification auditors can now recognise good practices and identify gaps and shortfalls correctly


ISO 55001 Auditors

ISO 55001 auditors are required to have specific asset management knowledge by getting certified in ISO 17021-5.  In contrast with other management system standards, ISO 55001 explicitly requires evidence of good practices being applied  (not just the existence of documents and good intentions). This is why it is so essential to use an assessor with real and deep experience of good asset management: they need to recognise whether asset management activities are effective and appropriate (fit for purpose).

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Asset Management Assessments, Gap Analysis & Strategic Roadmapping

All organisations have existing strengths and capabilities in the management of their assets. However this can be disjointed, short-term focussed and not evidently connecting the day-to-day operational activities with longer term business priorities. An objective, independent review of the current capabilities is very valuable to identify what is already good, and what can be improved. PAS 55 and ISO 55001 provide an excellent checklist of required good practices, and the IAM has developed and published a standardised ‘Maturity Scale’ to ensure consistency of definitions and benchmarking potential.


Look out for the IAM Endorsed Assessor badge to be sure that such an independent review knows what it is doing.

Interactive Assessment Toolkit

Structured, systematic review of current capabilities

TWPL offers a comprehensive range of services in assessment, strategic planning, operational implementation and formal audit/certification of Asset Management practices. All professional staff have extensive personal senior management experience, ensuring that assessments include recognition of good existing practices, and realistic identification of worthwhile improvement areas.

TWPL has been performing Asset Management assessments, business excellence reviews and organisational improvement programmes since 1995, and maintains a multi-industry, multi-disciplinary and multi-cultural pool of experts to provide deep knowledge and practical guidance in any business environment. This yields a unique perspective and ability to diagnose issues rapidly, propose remedies and ensure that our guidance is pragmatic and personal, taking due account of local culture and existing initiatives.

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Development planning | The Asset Management Roadmap

Clarifying the current position is a good start, but the real benefits only come when the ‘gaps’ and improvement opportunities are converted into a prioritised, practical and integrated programme of action. However, many previous attempts at such planning have yielded only temporary enthusiasms.

So what makes the TWPL Asset Management Roadmap different? The answer is the planning process itself, which has derived from 20 years of first-hand industrial experience of what does and does not work in different organisational environments. The roadmap development involves some unique steps of challenge, coordination, resource validation and engagement of different parts of the business resulting in a plan that everyone has helped to shape, is transparently prioritised according to the value-for-money, and harnesses all departments and contributions towards a common set of goals.

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