Course Overview

Physical Asset Management ISO 55000 connects asset management principles with the management-system approach used to organize policies, plans, responsibilities, and performance review. The course examines the purpose of the ISO 55000 family and the relationship between asset management objectives and the broader goals of the organization. Participants develop a structured view of how governance and operational practice support asset value.

The program considers ISO 55001 management-system requirements through leadership, planning, support, operations, evaluation, and improvement. It connects lifecycle decision-making with the information and responsibilities needed to put plans into practice. Participants explore how monitoring, audits, and management review contribute to continued development, supporting an organized approach to assessing and strengthening asset management arrangements.

Learning Objectives

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

• Explain the purpose of the ISO 55000 family and its core asset management concepts.
• Distinguish asset management principles from management-system requirements.
• Connect asset management policies and objectives with organizational priorities.
• Describe how leadership, planning, support, and operational processes contribute to the management system.
• Apply lifecycle, cost, risk, and performance considerations to asset planning examples.
• Define governance responsibilities and information needs for asset management activities.
• Explain how monitoring, audits, management review, and improvement support system development.

Practical Application

Apply the learning to bring greater structure and alignment to asset management arrangements.

• Coherent policies and plans: Review how organizational goals connect with asset objectives, lifecycle decisions, and the activities needed to deliver them.
• Clear management-system ownership: Establish how responsibilities, supporting information, and operational processes work together across functions.
• Evidence-based system review: Connect performance measures, audit observations, and management discussions with practical actions for continued development.