ISO 55001
International standard for asset management systems
ISO 22301
International standard for business continuity management systems
Quick Verdict
ISO 55001 establishes asset management systems for lifecycle value optimization in asset-heavy industries, while ISO 22301 builds business continuity systems for disruption resilience across all sectors. Companies adopt them for governance, compliance, and risk reduction.
ISO 55001
ISO 55001:2024 Asset management systems requirements
Key Features
- Requires Strategic Asset Management Plan (SAMP)
- Annex SL structure enables management system integration
- PDCA cycle drives continual asset improvement
- Formal asset decision-making framework (2024 update)
- Balances asset cost, risk, and performance
ISO 22301
ISO 22301:2019 Business continuity management systems
Key Features
- PDCA cycle and Annex SL high-level structure
- Business Impact Analysis (BIA) and risk assessment
- Leadership commitment with policy and roles
- Operational planning, testing, and exercises
- Integration with ISO 27001 for IMS
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 55001 Details
What It Is
ISO 55001:2024 is an international certification standard specifying requirements for an Asset Management System (AMS). It enables organizations to realize value from assets across lifecycles by connecting decisions to objectives, using a risk-based, PDCA approach aligned with Annex SL structure.
Key Components
- Clauses 4-10 cover context, leadership, planning, support, operation, evaluation, improvement
- 72 'shall' requirements focused on SAMP, decision framework, outsourcing controls
- Built on ISO 55000 principles; supports certification via audits
Why Organizations Use It
- Optimizes asset performance, cost, risk in utilities, infrastructure, manufacturing
- Meets regulatory, contractual demands; builds stakeholder trust
- Drives resilience, continual improvement, competitive edge
Implementation Overview
- Phased: gap analysis, SAMP development, competence building, KPI monitoring
- Applies to asset-intensive firms globally; 12-24 months typical
- Optional third-party certification with surveillance audits
ISO 22301 Details
What It Is
ISO 22301:2019 is the international standard specifying requirements for a Business Continuity Management System (BCMS). It provides a framework to protect against, reduce likelihood of, respond to, and recover from disruptions, ensuring continuity of critical products and services. Built on a risk-based PDCA (Plan-Do-Check-Act) cycle and Annex SL high-level structure, it aligns with other ISO management systems.
Key Components
- Clauses 4-10 cover context, leadership, planning (including BIA and RA), support, operations, performance evaluation, and improvement.
- No fixed controls; flexible, tailored requirements.
- Core principles: resilience, continual improvement, integration.
- Certification via accredited bodies with 3-year validity and annual surveillance.
Why Organizations Use It
- Mitigates risks from cyberattacks, disasters, supply failures; reduces downtime and costs.
- Meets regulatory needs (e.g., NIS Directive); enhances trust, insurance premiums, tenders.
- Builds stakeholder confidence and competitive edge in sectors like finance, healthcare.
Implementation Overview
- Phased approach: gap analysis, BIA/RA, policy, training, testing, audits.
- Applicable to all sizes/sectors; 60 days possible with tools.
- Two-stage certification audit process.
Key Differences
| Aspect | ISO 55001 | ISO 22301 |
|---|---|---|
| Scope | Asset lifecycle management systems | Business continuity during disruptions |
| Industry | Asset-intensive sectors globally | All sectors worldwide |
| Nature | Voluntary certification standard | Voluntary certification standard |
| Testing | Internal audits, management reviews | Exercises, simulations, internal audits |
| Penalties | Loss of certification | Loss of certification |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 55001 and ISO 22301
ISO 55001 FAQ
ISO 22301 FAQ
You Might also be Interested in These Articles...
CMMC Sustainment Mastery: Continuous Monitoring, Annual Affirmations, and Subcontractor Flow-Down Playbook
Master CMMC sustainment beyond certification: continuous monitoring dashboards, SPRS/eMASS affirmations, enforceable subcontractor clauses. Get templates for ve
The Tool Landscape for Reaching and Maintaining ISO 27701 Compliance
Discover the top tools for ISO 27701 compliance. Compare functionality, complexity, costs, and benefits to choose the best solution for your privacy program. Ac
Beyond the Boardroom: 5 Ways Modern Compliance Software Elevates Every Department
Discover 5 ways modern compliance software boosts HR, IT, finance & more: automate risks, enhance efficiency, ensure data integrity, stay audit-ready. Elevate y
Run Maturity Assessments with GRADUM
Transform your compliance journey with our AI-powered assessment platform
Assess your organization's maturity across multiple standards and regulations including ISO 27001, DORA, NIS2, NIST, GDPR, and hundreds more. Get actionable insights and track your progress with collaborative, AI-powered evaluations.
Check out these other Gradum.io Standards Comparison Pages
ISO 14001 vs J-SOX
Discover ISO 14001 vs J-SOX: Compare EMS frameworks for environmental excellence with ICFR for financial compliance. Unlock integration strategies, risks, and ROI insights now!
CCPA vs EPA
CCPA vs EPA: Compare California's privacy powerhouse with federal environmental regs. Unlock compliance strategies, fines, rights & pitfalls for business resilience. Dive in!
ITIL vs HIPAA
ITIL vs HIPAA: Compare ITIL's ITSM best practices with HIPAA's health data rules. Align frameworks for compliant, efficient IT ops, risk management & value-driven services now.