August 17, 2019, 11:45 pm

Implementing an ISO 55001 Compliant Asset Management System

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 quote krishna


About this Training Course


This comprehensive two-day course provides a detailed work-through of the components of ISO 55001, provides guidance regarding how organisations can demonstrate compliance with each element, and discusses the practicalities of implementing robust Asset Management practices and processes within an organisation, in the context of ISO 55000.  It is an information-packed, practical course for people who are leading and participating in the development, implementation or maintenance of an organisation's asset management system.

Led by one of Assetivity's CAMA Certified Asset Management Assessors, participants will gain a detailed insight into:

  • Key Asset Management principles
  • The structure and intent of the ISO 55000 series of standards
  • The four fundamentals underpinning asset management
  • The key elements and recommended structure for an asset management system
  • How to use the standards effectively
  • Additional tools and resources available to assist with implementation
  • Implementing improved Asset Management Practices and processes
  • Gaining ISO 55000 certification

 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:

  • Asset Management Specialists
  • Managers from the Maintenance, Operations/Production, Supply, Project and Finance/Business Departments
  • General Managers and other senior executives



The course assumes that participants are familiar with the fundamental concepts of asset management, however a brief refresher on those concepts is undertaken in the first module of this course.


Learning Objectives

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

  • Describe the structure and intent of the ISO 55000 series of standards
  • Describe the fundamentals of asset management
  • Describe the key elements of an ISO 55001 compliant asset management system
  • Understand how their organisation can demonstrate compliance with the requirements of ISO 55001 
  • Understand how best to implement improved Asset Management processes and systems within their organisation
  • Understand the ISO 55001 certification process and how to seek certification



Each attendee will be formally assessed to measure successful achievement of the competency.  This assessment will be based on formal testing as well as practical experience. Participants who successfully demonstrate competence in this course will be issued a certificate of completion.



Training Course Duration

2 Days


Training Course Content

Asset Management Concepts and Terminology

  • What is Asset Management?
  • What is an Asset?
  • Key Elements of an Asset Management System
  • Principles and Attributes of "Good" Asset Management
  • Asset Management Decision Making concepts

Overview of ISO 55000, ISO 55001 and ISO 55002 

  • How did we get here? A short history of AM
  • Structure and content of the standards
  • How and why to use these standards (are you seeking alignment, compliance or certification?)

ISO 55001 Requirements and ISO 55002 Guidance  

  • What are the key requirements, and how should they be interpreted?
    • Organisational Context 
    • Leadership
    • Planning
    • Support
    • Operation
    • Performance Evaluation
    • Improvement
  • What is required to demonstrate alignment or compliance with each of these elements?

Implementing Improved Asset Management processes  

  • The Asset Management Journey
  • The role and value of a Gap Assessment
  • Where and how do you start?
  • Who needs to be involved?
  • Developing the necessary documentation
  • Developing and assuring Asset Management competence
  • Embedding the processes
  • Creating an "Asset Management" culture
  • Additional Tools and Resources


  • The ISO certification process
  • Finding a suitable certification body
  • ISO 17021 - Assessor and Auditor Competencies


Training Course Cost

$1,700 (ex GST) per person. 

Early Bird Discount = $201

Discounts apply for multiple attendees from the same organisation:

2-3 attendees = $1,530 per person

4+ attendees = $1,360 per person


Training Course Dates and Registration

  • Click here to view the dates and locations when this course is currently scheduled to run
  • This course can also be run in-house for your organisation at a time and location that suits you. This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss this further and obtain a price quotation.


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Upcoming Training Courses

Monday, 2 Sep 2019
Location: Perth

Tuesday, 3 Sep 2019
Location: Perth

Wednesday, 4 Sep 2019 - Thursday, 5 Sep 2019
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Friday, 6 Sep 2019
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Monday, 16 Sep 2019
Location: Melbourne

Tuesday, 17 Sep 2019
Location: Melbourne

Monday, 23 Sep 2019 - Friday, 27 Sep 2019
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