Course Overview

Advanced Asset Management Assessment develops a structured way to examine how asset management supports organizational goals. The course connects asset management principles with maintenance management and reliability engineering, clarifying how each contributes to asset performance and value throughout the lifecycle. Participants explore the distinction between managing individual assets and coordinating an organization-wide approach to asset management.

The program examines the relationship between policies, strategies, procedures, and operational decisions, drawing on concepts from the ISO 55000 family. Its emphasis is on assessing alignment and identifying priorities for development. Participants learn to connect evidence about current practices with business objectives, service requirements, and performance expectations, supporting a more informed approach to asset management improvement.

Learning Objectives

By the end of the course, participants will be able to:

• Explain the relationship between asset management, maintenance management, and reliability engineering.
• Distinguish organization-wide asset management from the management of individual assets.
• Relate asset management principles to business objectives and service requirements.
• Interpret core concepts from the ISO 55000 family in an organizational context.
• Assess the alignment of asset policies, strategies, procedures, and operational practices.
• Use performance information to identify and prioritize asset management development actions.

Practical Application

Apply the assessment approach to strengthen the connection between asset decisions and organizational priorities.

• Aligned asset management practices: Review how policies and strategies translate into operational responsibilities and decisions across the asset lifecycle.
• Evidence-based improvement priorities: Bring together information about processes, performance, and service requirements to focus development efforts.
• Clear management discussions: Present assessment findings in terms of business value, asset performance, and coordinated action across functions.