ISO 55001 Asset Management System Training

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ISO 55001 Asset Management System Training

ISO 55001 Asset Management System specifies requirements for establishing, implementing, maintaining and improving an AM system that manages the lifecycle of assets in the organization, no matter the type of the asset held.

It is intended to be used by those involved in the establishment, implementation, maintenance, and improvement of an AM System and can be applied to all types of assets by all types and sizes of organizations.

ISO 55001 is a newly released best practice standard for asset management. This standard helps to optimize value from your assets while tackling the infrastructure gap to meet industrial safety and performance requirements.

Through true AM business objectives can be achieved to their maximum potential, along with a significant increase in customer and stakeholder satisfaction and confidence. Indeed, it is becoming more critical than ever to have a mutual AM language for enhanced communication throughout the organization.

Thus, harmonized implementation strategies will result in more significant improvements and increased productivity and returns.

Why is Asset Management essential for you?

ISO 55001 will guide you toward significant asset management improvements by enabling you to meet the stakeholder, business and legal requirements. It is the company’s most potent defense for saving money and time.

By managing the assets correctly, you will be able to use your available assets wisely and get more out of their utilization while delivering added value to the business.

It is designed to support you in the proper handling of processes and risks, which will lead to the improvement of current and future company performance.

Moreover, the implementation of an AM System that complies with ISO 55001 enables the organization to align its objectives with asset management system objectives which leads the organization towards achieving its intended outcomes.

Moreover, ISO 55001 aligns the organization’s goals with asset management objectives since the purpose of asset management is attain organizational objectives.

This course is accredited by PECB

You might be interested in another Asset Management programs as a next step.

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  • View Schedule
  • COURSE TYPE Practitioner
  • DURATION 3 days


This course aims to introduce the new standard ISO 55001 on Asset Management and at the same time help participants achieve the competency necessary for implementing best practice framework to manage asset lifecycle.

Upon completion of this training, delegates will be able to:

Recognize and be able to apply asset management terminology, definitions, and principles

Identify and manage the expectations of stakeholders concerning asset management

Become familiar with internationally recognized asset management methodologies and good practices

Appreciation of the structured approaches available for the improvement of value realization from assets

Development of viable and predictable cash flows

Benefits of ISO 55001 Asset Management:

Ability to manage asset’s lifecycle

Ability to ensure that assets fulfill their necessary function

Support improvement and business growth

Support an organization during the process of establishing, implementing, maintaining and improving  an Asset Management System

Increase profitability

Manage risk related to asset ownership

Enhance  brand reputation


Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

Additionally, participants will receive PECB certificate.



Module 1: Introduction to Asset Management

This module covers key aspects of asset management as defined in the IAM Competence Framework and the IAM Asset Management Anatomy. The aim is to provide an overview of what asset management is, its importance to private and public sector organizations, and introduce specific topics such as risk management and information systems, BSI PAS 55 and ISO 55000.

Subject areas include:

C1.1 Asset management strategies, policies, and plan

Investment issues, whole-life costing

C1.3 Operation, maintenance, repair and disposal of assets

C1.4 Risk management

C1.5 Information needs and systems

Module 2: Asset Related Risk

This module focuses on the identification, measurement, and management of risk. It includes consideration of risk assessment and management, quality assurance, performance, monitoring and evolution of asset.

Subject Areas include:

C2.1 Assessment and management of risk

C2.2 Contingency planning

C2.3 Asset management review

Module 3: The Asset Management Lifecycle

This module discusses asset lifecycle – from specification, acquisition, and installation to decommissioning and disposal. It covers internal and external factors influencing asset lifecycle, the impact, and requirements of different businesses.

Subject areas include:

C3.1 Creation and acquisition of assets – developing design, specification to achieve optimum customer, business, lifecycle operations and management.

C3.2 Creation and acquisition of assets – the impact of procurement policies on achieving optimum asset life-cycle performance and costs.

C3.3 Maintenance of assets

C3.4 Renewal and disposal of assets

Module 4: Asset Information

This module covers asset knowledge systems and procedures, the use of IT as an asset management tool, selection and use of appropriate policies and procedures and data collection, dissemination, storage, and maintenance.

Subject areas include:

C4.1 Asset information requirements

C4.2 Specification and use of asset info systems

C4.3 Using asset management information

Module 5: Financial and business impact

This module focuses on quantifying financial and business impacts when asset management is implemented. Issues of concern include how to make informed decisions on asset management and investments, why the need for such initiatives and analyzing business needs related to asset acquisition, development plus attendant risks, costs, and benefits.

Subject areas include:

C5.1 Strategic requirements

C5.2 Investment decision-making

C5.3 Asset management planning

C5.4 Creation and acquisition of assets – the business case study

  • In The Classroom

  • Live, Online

  • Private Team Training

  • Indiviual Private Session

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