BSI-PAS 55, a recognised standard for asset management

The Lloyd’s Register Group worked closely with the British Standards Institution (BSI) and the Institute of Asset Management to develop the publicly available specification for Asset Management - PAS55. Our aim is to contribute towards establishing a shared understanding and common approach in achieving an organisation's objectives across industry sectors through the implementation of the PAS55 standard.

Our PAS55 Asset Management services provide you with the reassurance that your assets are running to their optimal performance, making sure that any inherent risks are mitigated and the causes established early on, helping to reducing both cost and time constraints whilst improving the safety of your day to day operations.

Based upon the ISO management systems' 'Plan – Do – Check – Act' service approach, we use a structure similar to existing standards in order to ease understanding and adoption. At its heart, PAS55 offers a framework within which an organisation’s strategic plans and asset management policies and objectives can be translated into practical objectives.

As a sponsor and key contributor to the original development of BSI-PAS55:2004 and its revision in 2008, the we offer extensive knowledge of both the standard and the guidance presented in PAS55 Part 2, which we can apply across a range of safety-critical sectors including: power, oil and gas, nuclear, transport, water and utilities. Since the development in 2004, we have become a world leader in PAS55 assessment management services, having certified in excess of 50 organisations around the world.

How we provide PAS 55 software services

We have a long history of involvement in management systems assessments. This history, when coupled with our experience of assessing PAS55 across a variety of sectors internationally, ensures that our clients gain access to:

  • Advice on processes and approaches towards asset management, including the integration of new requirements into existing systems and procedures.
  • Training for Senior Managers and Practitioners, offering strategic overviews as well as implementation advice and guidance.
  • Gap analyses and preliminary assessments to determine areas of concern in current management systems.
  • Certification assessments against PAS 55 and the issue of a Certificate of Compliance by Lloyd’s Register Verification, if successful.

Client feedback for previous PAS 55 Projects:

"Competent asset management is essential for our organisation, and this endorsement highlights how seriously we take our responsibilities. The Lloyd’s Register assessment process has tested us from our senior management team to all of our engineers on the ground. Now that we have achieved this benchmark, we will continue to work hard to maintain these high standards." – Scottish Power.

PAS 55 Asset management is simply good business practice: optimising the planning, implementation and performance of assets throughout their lifecycle is essential for ensuring a business can deliver its objectives

Contact us

Americas Energy Office
Lloyd's Register North America, Inc.
1330 Enclave Parkway
Suite 200
HoustonTX 77077
United States of America
T  +1 (1)281 675 3100
F  +1 (1)281 675 3199

Recent projects

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