Asset Management and ISO 55000 Series

Start Date End Date Venue Fees (US $)
02 Nov 2025 Tunisia $ 4,500 Register

Asset Management and ISO 55000 Series

Introduction

Asset management is vitally important for all capital intensive industries which rely on cost effective and trouble free operation of their plant and equipment. Getting the right dialogue taking place between cross functional groups such as new project, commissioning, operation & maintenance is necessary so that joined up thinking takes place and the life cycle costs of assets are minimized. This intensive asset management course will help to give focus on the drive to improve management practices by presenting standards, methodologies and guidance how to set up good asset management. This will feature how the international standards on Asset Management, PAS55 and ISO55000, can be used to implement the best and latest practices.

This course will feature:

  • The asset management system, organization & risk-based framework specified in PAS 55 & ISO 55000 series
  • Life cycle costing advantages and issues
  • Asset policies & strategies derived from the business plan
  • Formulating effective asset management plans and ensuring that they are carried out
  • Continuous improvement and the learning organization

Objectives

    At the end of this course, delegates will be able to make a substantial, positive impact on the asset management best practices within their organization, specifically:

    • Provide a step-by-step guide to Asset Management best practices (as part of PAS 55 & ISO 55000)
    • Understand best practice techniques for achieving effective asset management
    • Discuss & learn the practical application of these best practices, through case studies & exercises
    • Understand the range of technical & human risks associated with asset management & how they can be mitigated
    • Develop an action plan to utilize these technologies in their own areas of responsibility, fitting them into the overall asset management strategy, and measuring benefits

Training Methodology

The training methodology is interactive with group exercises and is suitable for all employees involved in functions management. The pace and level of the training workshop is customized to the understanding of the delegates. Ongoing back-up and support is available after the training on request to the supplier, and the training course is also available for in-house presentation as well as for “Competency Transfer”.

Who Should Attend?

Course Outline

Day 1

  • Introduction to Asset Management & Strategy Framework
  • The business impact of asset & maintenance management
  • Asset Management process model & strategy framework
  • Asset Strategy - Asset Management Policy, Asset Management Strategy, Asset Management Plan
  • Asset Management roles
  • Differences between PAS55 & ISO 55000 series & the Assessment & certification: PAM & SAM
  • Self-assessment tool

Day 2

  • In Control of Risk
  • Identification & assessment of risk
  • Risk management: Risk Matrix, Risk Register & Hazard Log
  • Safety Management System & Contingency Planning
  • Stakeholder analysis – stakeholder risks
  • Risk based maintenance concept

Day 3

  • Life Cycle Management
  • Life cycle of an asset
  • Creation and acquisition of assets: demand forecasting, asset portfolio evaluation
  • Procurement Aspects
  • Systems Engineering & RAMS Specification: Operational & maintenance workflow
  • Renewal, disposal and lifetime extension of assets

Day 4

  • Asset Information Management
  • Evaluating & Selecting Material Handling Equipment
  • Non‐Powered & Powered Mobile MHE
  • Cranes & Conveyors
  • Storage Equipment & Methods
  • Mechanizing or Automating Equipment Options
  • Considerations for Efficient Storage Systems
  • Dock, Data Entry, & Communication Equipment

Day 5

  • Financial & Business Impact
  • Cash flow & Budgeting
  • Life Cycle Costing principles
  • Asset Management planning: long term investment plan / long term maintenance plan (MIP/MJO)
  • Change management
  • Competency framework

Accreditation

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