Applied Asset Management and ISO 55000

Why Attend

This course provides participants with a broad understanding of ISO 55000 Asset Management principles and methods, of commonly used asset management terminology, and of international standards. This course is practical and is not an academic study; instead, the primary focus of this course is how to practically implement ISO 55000 Asset Management principles within the workplace.

The course empowers participants to implement asset management principles within their area of the organization. Whether the organization already has an effective asset management process or nothing at all, the course enables participants to implement the key principles within their sphere of control and see improvement in the effectiveness of their asset portfolio.

As well as best-in-class visuals and slides, this course includes a high level of interaction between the facilitator and participants to ensure the course meets their specific requirements. Numerous relevant case studies are utilized to demonstrate key points and a series of exercises are conducted to apply learning and to appreciate key aspects of best practice.

Course Methodology

This is an interactive course. There are open question and answer sessions, regular group exercises, videos, case studies and presentations on best practice and the fundamentals of reliability improvement. Participants have the option and opportunity to share and discuss their own work experience and to identify issues and enhancements that can be immediately tackled/applied upon returning to their organizations. 

Course Objectives

By the end of the course, participants will be able to:

• Implement asset management principles within their organization, department, or area of control
• Understand the key principles, tools and terminology of asset management
• Demonstrate how asset management thinking can benefit their organization
• Gain familiarity and comfort in using ISO 55000
• Identify a range of models that will support the implementation of asset management

Target Audience

This course is ideal for maintenance managers, operations managers, asset managers and reliability professionals. Experienced supervisors, planners and functional specialists will also benefit greatly from this course.

Target Competencies

• Asset Management
• ISO 55000
• Asset Plans
• Reliability
• Performance Improvement