Southern Region's Readiness for ISO55001 Alignment - Targeted Assurance Review - June 2021

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In our CP6 determination we stated that as a minimum, each Network Rail route is required to demonstrate to our satisfaction that it is operating in accordance with the requirements of ISO 55000 (Asset Management Standard) by the end of March 2021. Following Network Rail’s Putting People First (PPF) reorganisation with devolution and regional responsibility at the front of its new operating model, ownership of alignment to ISO 55001 now lies with the five devolved regions.

We undertook this Targeted Assurance Review to seek assurance on Network Rail’s devolved regions’ commitment regarding asset management improvement and its readiness to demonstrate alignment to ISO 55001.