The Asset Management System


About this Training Course

Assetivity offers this training course as a detailed work-through the main components of an Asset Management (AM) for people who are leading or members of an Asset Management Team. Participants will gain a detailed insight into:

  • Managing the whole asset lifecycle, covering operation, maintenance, optimisation and rationalisation of assets
  • Compiling an Asset Management system including establishment, documentation, implementation and maintenance of the system
  • ISO 55001:2014 compliance requirements, asset scope and integration with other business systems and processes
  • Reviewing and improving Asset Management performance

Participants will be involved in class and group discussions facilitated by our course trainer.

Who Should Attend

This course is intended for personnel responsible for the development, implementation and operation of the asset management system.
Typical attendees include:

  • Maintenance Supervisors, Superintendents and Managers
  • Supply Superintendents and Managers
  • Engineers
  • Project Managers
  • Finance and Business Managers

Training Course Duration

1 Day

Learning Objectives

By the end of this course, delegates should (as a minimum) be able to:

  • Describe the main stages in the asset management lifecycle
  • Describe the main components of an asset management system
  • Describe the main requirements of ISO 55001:2014
  • Give examples of how asset management performance can be assessed and what information is required to do this


As this course is part of the IAM’s competency framework, each attendee will be formally assessed to measure successful achievement of the competency. This assessment will be based on formal testing as well as class participation. Participants who successfully demonstrate competence in this course will be issued an IAM Certificate of Competence.

Training Course Content


  • Outline the contents of the training package
  • Introductions to other participants and their roles in AMObjectives of the training course
  • Objectives of the training course
  • Gain an understanding of what is expected through the course

What is the Asset Management System?

  • What is Asset Management?
  • What is an Asset Management System (AMS)?
  • How is an AMS developed?
  • The ISO 55000 AMS

Context of the Organisation

  • Understanding organisational context and the needs/expectations of stakeholders
  • Determining the scope of the AMS
  • The AMS


  • Leadership and commitment
  • The Asset Management Policy
  • Organisational structure

Asset Management Planning

  • Addressing risks and opportunities
  • Defining Asset Management Objectives
  • Planning to achieve Asset Management Objectives


  • Resources
  • Competence
  • Awareness
  • Communication
  • Information requirements
  • Documented information

Operation of the AMS

  • Operational planning and control
  • Management of change
  • Outsourcing

Performance Evaluation

  • Performance and condition monitoring
  • Audit
  • Management review


  • Nonconformity and corrective action
  • Preventive action
  • Continuous improvement

Training Course Summary


Training Course Cost

This course is available for in-house delivery only. This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain more details and a price quotation for running this course for your organisation at a time and location that suits you.

Training Course Dates and Registrations

This course is available for in-house delivery only. The content of this course is, however, included in our Asset Management Master Classe. Click here to view the dates and locations when the Asset Management Master Class is currently scheduled to run.