Risk Management Integrated in Asset Management through ISO 55001 Implementation
Anas Momani
ABSTRACT
This paper presents a practical framework for integrating risk management into an asset management system (AMS) aligned with ISO 55001. Drawing on more than 20 years of experience managing water and wastewater assets and using the Samra WWTP O&M project context as a case study, we outline how risk is treated across ISO 55001 clauses (context, leadership, planning, support, operation, performance evaluation, and improvement). The outcomes include improved reliability, safety, stakeholder confidence, and business continuity. Key tools include risk registers, criticality analysis, management of change (MOC), and KPI/KRI/KCI triads.
A foundational level of knowledge and practical experience in ISO 55001 and asset management is required to fully engage with the concepts presented in this paper
