• A brief introduction to ISO 55001 and management systems.
• Introduces the concept of the ‘corporate journey’.
• Using ‘asset management system’ as a framework for applying good practice.
• Practical guidance on how to develop practical solutions for applying asset management in your business.

This course is for those wishing to understand how to interpret and apply a management system conforming to ISO 55001 in their business. Typical participant roles include:

• Senior executives
• Business planners
• Stakeholder interface professionals (e.g. customer-, regulator-, investor-relations)
• Investment programme managers
• Implementers of ISO 55000 and other management systems
• Project or portfolio managers
• Asset information managers
• Engineering, technical and other departmental managers
• Maintenance managers
• Operations managers
• Procurement and supply chain managers
• HR and training managers

Upon completion of this course, delegates will:

Understand the concepts and development of a management system for asset management

• The evolution of ISO55001
• The benefits of having an Asset Management System
• The strengths and limitations of ISO55001

Understand the concepts of the corporate asset management journey

• Starting on the AM journey – management engagement
• Assessment against ISO 55001
• Developing an improvement programme
• The need case

Be able to contribute to the development and application of an asset management system (AMS) in an organization

• What the specific requirements of an AMS are
• An introduction to developing an asset management manual
• The concept and purpose of the SAMP
• How the 39 subject areas of asset management fit into a management system
• Documenting and AM system
• Integrating with other management systems
• Change management

This course is suitable for those who already have a basic understanding of Asset Management principles and practices. For example, successful completion of the 1-day IAM Foundation course or the Woodhouse Asset Management Academy ‘Principles of Asset Management’ eLearning modules.

Recommended prior reading includes “Asset Management: an Anatomy” V4 released July 2024 – available from www.theIAM.org