ISO 55000 & RISK-BASED ASSET MANAGEMENT MASTERCLASS
Build a Resilient Asset Strategy Aligned with ISO 55000 and Risk-Based Best Practices
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 24 – 28 Aug 2026 | London, UK | USD 3495 per delegate |
| 06 – 10 Sep 2026 | Kuwait | USD 3495 per delegate |
Course Introduction
Asset-intensive organizations must balance performance, cost, and risk while managing complex infrastructure and equipment portfolios. The ISO 55000 standard provides a globally recognized framework for aligning asset management with business objectives and risk controls.
This 5-day masterclass offers a comprehensive and practical guide to implementing ISO 55000 principles, integrated with risk-based decision-making. Participants will learn how to optimize asset value, extend lifecycle performance, and align asset governance with enterprise goals.
Course Objectives
By the end of this course, participants will be able to:
- Understand ISO 55000 standards, clauses, and implementation strategies
- Apply risk-based thinking to asset planning and decision-making
- Develop and maintain a Strategic Asset Management Plan (SAMP)
- Design an Asset Management System (AMS) aligned with ISO 55001
- Use lifecycle costing and reliability metrics to optimize performance
- Conduct maturity assessments and continuous improvement audits
Key Benefits of Attending
- Align asset performance with strategic business outcomes
- Minimize asset-related risk using international best practices
- Improve reliability, availability, and lifecycle value of assets
- Learn how to audit and maintain ISO 55001 compliance
- Build a strategic roadmap for sustainable asset management
Intended Audience
This course is ideal for:
- Asset Managers and Engineers
- Maintenance & Reliability Professionals
- Risk Managers and Auditors
- Operations Managers and Plant Supervisors
- Strategic Planners and Investment Managers
- Anyone involved in ISO 55000 implementation or certification
Individual Benefits
Participants will develop skills in:
- Risk-based asset decision-making
- Strategic asset management planning (SAMP)
- ISO 55001 implementation and internal auditing
- Reliability-centered asset analysis and optimization
- Stakeholder engagement and cross-functional asset governance
Organization Benefits
Organizations will benefit from:
- Improved return on asset investment (ROAI)
- Risk mitigation across critical infrastructure
- Enhanced regulatory and compliance readiness
- Streamlined lifecycle cost management
- Stronger alignment between asset performance and business strategy
Instructional Methdology
This masterclass follows an expert-led, interactive learning model:
- Strategy Briefings – Deep dives into ISO 55000 clauses, policies, and system design
- Case Studies – Global applications of ISO 55001 in public and private sectors
- Workshops – Real-time development of asset registers, SAMPs, and risk maps
- Peer Exchange – Industry challenges and collaborative solution development
- Tools – ISO 55001 checklists, asset risk templates, and maturity models
Course Outline
Detailed 5-Day Course Outline
Training Hours: 07:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: ISO 55000 Framework & Asset Management System Design
- Module 1: Introduction to ISO 55000 & Asset Management Principles (07:30 – 09:30)
- Scope, terms, and concepts of ISO 55000
- Value realization through asset management
- Module 2: Overview of ISO 55001 Requirements (09:45 – 11:15)
- Key clauses: leadership, planning, support, operations
- Module 3: Designing an Asset Management System (11:30 – 01:00)
- Building your AMS aligned with ISO 55001
- Module 4: Workshop – Asset Management Policy Development (02:00 – 03:30)
Day 2: Strategic Asset Management Planning (SAMP)
- Module 1: SAMP – Structure and Content (07:30 – 09:30)
- Linking asset strategy to business objectives
- Module 2: Asset Lifecycle Management (09:45 – 11:15)
- Phases: acquisition, operation, renewal, disposal
- Module 3: Asset Criticality & Hierarchies (11:30 – 01:00)
- Prioritization and risk-based planning
- Module 4: Workshop – Drafting a SAMP Outline (02:00 – 03:30)
Day 3: Risk-Based Asset Decision-Making
- Module 1: Risk Identification & Assessment Methods (07:30 – 09:30)
- Failure modes, risk matrices, and heat maps
- Module 2: Reliability and Condition Monitoring (09:45 – 11:15)
- RCM, FMEA, and predictive diagnostics
- Module 3: Risk-Based Prioritization Techniques (11:30 – 01:00)
- Cost-risk optimization and resource allocation
- Module 4: Workshop – Building an Asset Risk Register (02:00 – 03:30)
Day 4: Performance Measurement & Lifecycle Costing
- Module 1: Key Asset Management KPIs (07:30 – 09:30)
- Reliability, availability, maintainability, and utilization
- Module 2: Lifecycle Costing & Investment Planning (09:45 – 11:15)
- Tools for cost forecasting and decision support
- Module 3: Internal Audit & Compliance with ISO 55001 (11:30 – 01:00)
- Audit planning, non-conformance handling, and reporting
- Module 4: Workshop – KPI Dashboard Development (02:00 – 03:30)
Day 5: Implementation, Maturity & Continuous Improvement
- Module 1: ISO 55001 Certification Roadmap (07:30 – 09:30)
- Readiness checklist, certification process, auditor expectations
- Module 2: Asset Management Maturity Assessment (09:45 – 11:15)
- Gap analysis, maturity models, and improvement planning
- Module 3: Change Management & Leadership Engagement (11:30 – 01:00)
- Embedding a performance-based asset culture
- Module 4: Final Group Presentations & Wrap-up (02:00 – 03:30)
Certification
Upon completion, participants will receive a Certificate of Completion in ISO 55000 & Risk-Based Asset Management, validating their capabilities in designing, managing, and auditing ISO 55001-aligned asset management systems.