
ISO 55001 Certification Bodies are accrediting Service Providers to the ISO 55001 asset management standard in the misconstrued belief that a Service Provider’s ‘asset’ is the Contract with a Client. This misunderstanding is dire for service business success.
Having lots of paying clients is the cause of a Service Provider’s success. For a Service Provider, THE ASSET IS THE CLIENT. The Contract with a Client is not the asset!
There is a wonderful ISO 55001 certification benefit you get when YOUR CLIENT IS THE ASSET: The Contract between you and your Client can become your ISO 55001 Strategic Asset Management Plan (SAMP). After all, the Contract explains how you will provide your services to help the Client achieve their organizational goals. That’s exactly what a Strategic Asset Management Plan is meant to do.
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