An Intensive 5-day Training Course

Asset Management

Asset Management Processes and ISO 55001 Implementation Guidance

INTRODUCTION TO THE COURSE

Effective asset management plays a crucial role in the economic stability of many industries and nations. The way assets are managed directly impacts the efficiency of organizations and their competitiveness in the global market. With substantial investments made annually in asset maintenance, development, and service provision, asset management itself has become a key competitive factor worldwide.

Across various industries—including Oil & Gas, Aerospace, Defense, Manufacturing, Public Transport, and Energy Production & Distribution—asset management is increasingly recognized as essential for informed investment decisions. Regulators require organizations to develop strategic asset management plans that align with corporate objectives, emphasizing the need for measurable outcomes that demonstrate effective asset utilization.

Key Focus Areas of This Asset Management Training Course:

  • Core principles of asset management, aligned with IAM qualifications
  • Understanding ISO 55000, the international standard for asset management
  • Implementing best practices to optimize asset performance
  • Achieving higher operational efficiency at reduced costs while maintaining compliance
  • Evaluating current asset management processes and identifying areas for improvement

COURSE DETAILS

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OBJECTIVES

By the end of this Asset Management training course, participants will be able to:

  • Define asset management and its role in achieving organizational strategic goals.
  • Recognize the significance and benefits of ISO 55000, the international standard for asset management.
  • Implement effective asset management practices, from fundamental principles to advanced strategies, to optimize business performance.
  • Evaluate existing asset management processes and identify opportunities for improvement.
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TRAINING METHODOLOGY

This KC Academy training course is composed in such a way that it can be held for all professionals involved in managing or implementing Asset Management processes. There will be a variance of lectures and practical exercises. Experiences from different areas will be discussed. There will be many opportunities for discussion and sharing experiences.

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ORGANISATIONAL IMPACT

By participating in this Asset Management training course, organizations will:

  • Gain insight into how effective asset management supports the achievement of corporate strategic objectives.
  • Develop a thorough understanding of the principles, applications, and advantages of ISO 55000.
  • Identify key performance areas in asset management and apply relevant methodologies to enhance efficiency.
  • Implement fundamental asset management techniques and technologies to optimize operations.
  • Learn how to evaluate existing asset management processes and identify areas for improvement.
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PERSONAL IMPACT

By attending this Asset Management training course, participants will:

  • Develop a clear understanding of best practices in asset management and how to apply them effectively.
  • Expand their knowledge and expertise in asset management strategies and methodologies.
  • Enhance their ability to work efficiently by prioritizing processes and activities that directly support organizational objectives.
  • Gain valuable skills that contribute to both personal and professional growth.
  • Acquire the knowledge necessary to plan and advance their career in asset management.
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WHO SHOULD ATTEND?

This KC Academy Asset Management training course is suitable to a wide range of professionals, but will greatly benefit:

  • All professionals involved in managing or participating in Asset Management and Facilities Management processes, including all staff in the Asset Management & Maintenance department, Facilities Management, Building Maintenance, IT, Operations and Finance
  • Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of their organizations

DAILY AGENDA

DAY 1: Principals of Asset Management
  • Asset Management as a Business Process
  • Asset Management Scope & Definitions
  • Asset Management Conceptual Model
  • Asset Management Strategy & Planning
  • Asset Management Roles - about roles, expectations and responsibilities
  • ISO 550000 – The International Standard on Asset Management
  • Certification Procedure
DAY 2: Assessing & Managing Asset Management Risks
  • Identification and Assessment of Risk
  • Risk in Asset Management
  • Significance of Risk
  • Risk on Business Level
  • Stakeholder Risks
  • Risk on Asset Level
DAY 3: Asset Management Policy, Strategy and Planning
  • Asset Management Policy
  • Developing (Strategic) Asset Management Plan(s)
  • Implementing (Strategic) Asset Management Plan(s)
  • Long Term Maintenance & Investment Planning
  • Information and Configuration Management
DAY 4: Managing Asset Lifecycle Decisions & Activities
  • Life Cycle of Assets and its Aspect
  • Systems Engineering
  • RAMS Aspects (Reliability Availability Maintainability Safety)
  • Renewal, Disposal and Lifetime Extension
  • Sourcing & Outsourcing
DAY 5: Financial & Business Impact of Asset Management
  • Financial Management – Basics
  • Budgeting
  • Life Cycle Costing
  • The Business Case for Asset Management
  • Wrap-up
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Certificate

On successful completion of this training course, KC ACademy Certificate will be awarded to the delegates

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