Asset Management & ISO 55000

Asset management is crucial for capital-intensive industries that depend on the efficient and smooth operation of their plants and equipment. It is essential to foster effective communication between cross-functional teams, such as new project development, commissioning, operations, and maintenance, to ensure collaborative decision-making and minimize the lifecycle costs of assets. This Asset Management & ISO 55000 training course aims to enhance management practices by presenting industry standards, methodologies, and guidance on establishing effective asset management strategies. It also highlights how the international asset management standard, ISO 55000, can be utilized to adopt best practices and the latest advancements.

This Asset Management & ISO 55000 training course delves deeply into the key elements of asset management throughout the entire lifecycle of equipment. Best practices from various industries are introduced, alongside a discussion of the necessary skills, attitudes, and competencies for successful asset management. The latest tools and techniques are presented in a straightforward manner, allowing participants to apply them in their specific contexts. The ISO 55000 series is thoroughly reviewed, with a focus on how its sections align with essential asset management concepts discussed throughout the course. Guidance on how to access further information about the standard and evaluate one’s organization against it is also provided.

This Asset Management & ISO 55000 will feature:

• The asset management system, organization & risk-based framework specified in 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

At the end of this training 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 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

This Asset Management & ISO 55000 training course is suitable to a wide range of professionals but will greatly benefit professionals in different branches who are involved in any aspect of asset management. The training is specifically designed for those professionals who want to understand, implement and improve the latest asset management concepts, processes and possibilities:

• Project, Design & Maintenance Management
• Maintenance & Reliability Engineering
• Operations
• Technical & Quality Support
• Consulting

This Asset Management & ISO 55000 training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. It is composed in such a way that it can be held for all professionals involved in managing or implementing asset management processes. It is conducted along course principles with formal lectures and many interactive exercises. Relevant case studies illustrate the application of each subject in an operations environment and each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.