COURSE OVERVIEW:

ISO 55001 provides the international standard for a management system to realize value from assets while balancing costs, risks, and performance. This awareness course is designed to provide participants with a clear understanding of the requirements, principles, and benefits of an effective Asset Management System (AMS). It focuses on the strategic alignment of physical assets—ranging from infrastructure and machinery to technology—with the overall objectives of the organization. The program emphasizes that asset management is not merely a maintenance function, but a holistic business approach that involves every level of the company.

The scope of this training involves a detailed walkthrough of the ISO 55001 framework, covering leadership, planning, support, operation, and performance evaluation. Participants will explore the concept of the "Lifecycle" of an asset, from initial acquisition and operation to maintenance and eventual disposal. The curriculum highlights the importance of data-driven decision-making and the management of risk as central pillars of the standard. Attendees will learn how an integrated AMS helps organizations reduce capital expenditures, improve operational efficiency, and satisfy regulatory and stakeholder requirements for transparency and reliability.

Detailed coverage is provided on the practical steps required to move toward ISO 55001 certification. The course teaches participants how to develop a Strategic Asset Management Plan (SAMP), establish clear roles and responsibilities, and implement performance metrics that track asset health. By analyzing the "Line of Sight" between corporate goals and shop-floor maintenance tasks, attendees will understand how their individual roles contribute to the long-term sustainability of the organization. The program concludes with a focus on continuous improvement, ensuring that the asset management system evolves alongside changing market conditions and technological advancements.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Explain the core principles and terminology of the ISO 55000 series.
• Identify the key requirements of ISO 55001 for a certified management system.
• Understand the "Line of Sight" concept linking corporate strategy to asset tasks.
• Describe the stages of the asset lifecycle and their impact on the total cost of ownership.
• Identify the roles and responsibilities required for effective asset management.
• Explain the importance of a Strategic Asset Management Plan (SAMP).
• Recognize the link between risk management and asset investment decisions.
• Identify the data and information requirements for ISO 55001 compliance.
• Understand how to measure and evaluate asset management performance.
• Participate effectively in internal audits and continuous improvement initiatives.
• Describe the benefits of ISO 55001 certification to internal and external stakeholders.
• Outline the roadmap for implementing an ISO 55001-compliant system.

TARGET AUDIENCE:

This course is intended for Department Heads, Asset Managers, Maintenance Supervisors, Facility Managers, and Finance Professionals. It is also highly suitable for anyone involved in the planning, operation, and maintenance of physical assets who needs to understand how their activities align with the international standard for asset management and organizational value.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.