Course overview

This applied course equips participants with the knowledge and practical skills to develop, implement, and maintain an effective Asset Management System (AMS) aligned with ISO 55001:2014. You’ll learn how to establish an asset management policy, strategy, and objectives that balance performance, cost, and risk throughout the asset lifecycle. The course emphasizes aligning asset management with organizational objectives, integrating risk-based decision-making, and optimizing asset value across sectors such as manufacturing, utilities, transportation, and infrastructure. You will also explore the relationships between ISO 55000 (overview, principles) and ISO 55002 (guidance on application).

What you’ll learn

By the end of this course, you will be able to:

• Explain the purpose, structure, and key clauses of ISO 55001:2014 and its integration with other management systems.

• Identify organizational context, stakeholder needs, and asset management objectives.

• Develop and implement an asset management policy, strategy, and plan.

• Apply risk-based decision-making to asset lifecycle activities—acquisition, operation, maintenance, and disposal.

• Monitor asset performance using key indicators, condition assessments, and lifecycle cost analysis.

• Conduct internal audits and management reviews to evaluate AMS effectiveness and continual improvement.

• Prepare your organization for ISO 55001 certification and ongoing asset optimization.

Who should attend

• Maintenance and reliability engineers

• Asset and facility managers

• Infrastructure and utilities planners

• Operations and maintenance supervisors

• Risk and finance professionals involved in asset optimization

• Internal auditors of management systems

• Consultants supporting ISO 55001 implementation or certification

Recommended

• Basic knowledge of operational or maintenance activities is helpful

• Useful for organizations managing valuable physical assets

• No prior ISO 55001 experience required