Course Overview

This comprehensive course provides the knowledge, practical tools, and implementation strategies required to establish, implement, maintain, and continually improve an Asset Management System (AMS) in accordance with ISO 55001:2024.

Participants will gain a thorough understanding of asset management principles, the requirements of ISO 55001, and internationally recognized best practices for managing physical assets throughout their lifecycle. The course combines theory with practical implementation techniques, enabling organizations to improve asset performance, reduce lifecycle costs, manage risks, and support long-term organizational objectives.

The course covers the complete implementation process from organizational context through leadership, planning, support, operation, performance evaluation, and continual improvement, while preparing participants for successful certification.

What You’ll Learn

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

• Understand the purpose, principles, and structure of ISO 55001:2024.
• Interpret and apply all ISO 55001 requirements within your organization.
• Establish an effective Asset Management System (AMS).
• Develop asset management policies, objectives, and strategic asset management plans (SAMP).
• Integrate risk-based thinking into asset management decisions.
• Manage asset lifecycle planning and optimization.
• Define asset information and documentation requirements.
• Establish performance indicators and asset management objectives.
• Implement asset risk assessment and opportunity management.
• Develop operational controls for asset acquisition, operation, maintenance, renewal, and disposal.
• Conduct internal audits and management reviews.
• Prepare the organization for third-party certification.
• Drive continual improvement of the Asset Management System.

Who Should Attend

• Asset Managers
• Maintenance Managers
• Operations Managers
• Engineering Managers
• Facility Managers
• Infrastructure Managers
• Utility Managers
• Reliability Engineers
• Project Managers
• Internal Auditors
• ISO Consultants
• Senior Management
• Risk Managers
• Compliance Managers
• Anyone responsible for organizational assets

Recommended

• Basic understanding of organizational management systems
• Familiarity with engineering, operations, maintenance, infrastructure, or asset management is beneficial
• Previous ISO management system experience is helpful but not required
• No prior ISO 55001 knowledge is necessary

Course Description

This course provides a structured introduction to ISO 14008:2019, the international framework for monetarily valuing environmental impacts and related environmental aspects. Participants learn how to translate changes in ecosystems, resource use, emissions, and pollution into monetary terms that support comparison, trade-off analysis, and decision-making. The course explains key principles, valuation methods, and documentation requirements, and shows how to link valuations to environmental aspects and organizational dependencies on natural capital. Through practical examples, case discussions, and exercises, learners gain confidence to design, commission, critically review, and use ISO 14008-aligned monetary valuation studies in policy analysis, project appraisal, sustainability reporting, and strategic financial planning.

What You’ll Learn

• Purpose, scope, and key concepts of ISO 14008 within the ISO 14000 family
• Principles of robust monetary valuation for environmental impacts
• How to plan an ISO 14008-aligned valuation study and define system boundaries
• How to choose and apply appropriate valuation methods and data sources
• Ways to link monetized impacts to specific environmental aspects and resource uses
• How to interpret, present, and use valuation results in decision-making
• How to document assumptions, uncertainty, and limitations in line with ISO 14008 guidance

Who Should Attend

• Environmental and sustainability managers
• ESG and sustainability reporting professionals
• Corporate strategists and investment decision-makers
• Environmental and health economists
• Risk, finance, and CSR analysts
• Environmental consultants and impact assessment practitioners
• Government policy analysts and regulators
• Professionals involved in natural capital or ecosystem services assessments

Recommended

• Basic understanding of environmental management or ISO 14001 concepts
• Familiarity with microeconomics or cost-benefit analysis
• Experience with environmental impact assessment, life cycle assessment, or sustainability reporting
• Comfort working with quantitative data and spreadsheets
• Prior exposure to the ISO 14000 family or natural capital frameworks (helpful)