ISO 55000: Asset Management Standard Training Course (2024)

ISO 55000 is an international standard that guides organizations in actively managing their assets. It offers a systematic and comprehensive approach to optimize asset performance, minimize risks, and maximize their value in achieving organizational goals.

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The aim of ISO 55000 is to broaden the concept of asset management to encompass human assets, physical assets, and other intangible assets that collectively form an organization. These assets have not been effectively utilized or optimized to deliver the highest yield at the lowest possible cost.

What Is The Overview of the ISO 55000 Training Course?

Industrial professionals from both the operations and maintenance disciplines have actively developed the new asset management international standard (ISO 55000). Traditionally, asset management has focused solely on the financial aspect. The ISO 55000 training course by PetroSync serves as an introduction to the new international standard ISO 55000, 1, 2. Its purpose is to create awareness of the standard, its components, its implementation process, and the benefits it brings to the organization. The workshop also highlights the integration between asset integrity management (AIMS) elements and the strategic asset management plan (SAMP) as outlined in ISO 55000.

The standard emphasizes the importance of integrating asset management practices throughout the organization and adopting a lifecycle perspective. By implementing ISO 55000, organizations can enhance their decision-making processes, improve asset performance and reliability, and achieve sustainable business outcomes. This standard provides guidelines for asset planning, acquisition, operation, maintenance, and disposal, empowering organizations to effectively manage their assets and drive continuous improvement.

What Is The Objective of the ISO 55000 Training Course?

The objective of the ISO 55000 training course by PetroSync is to provide attendees with a comprehensive understanding of the ISO 55000 standard and its key elements. The training course aims to familiarize attendees with the principles, concepts, and requirements of ISO 55000, such as:

  1. Acquire the knowledge and skills to successfully develop and implement a strategic asset management plan.
  2. Gain an understanding of the tools utilized in industrial asset management.
  3. Develop the necessary skills to analyze and determine specific asset requirements in alignment with business goals.
  4. Provide an overview of the international standard ISO 55000:2014 and its practical implementation.
  5. Learn how to integrate various Asset Integrity Management tools (such as RCM, RBI, CMS, MoC, culture change, RCA, CSMMS, IPF, action tracking, and KPIs) into the strategic asset management plan.

How Is The Outline of the ISO 55000 Training Course?

The outline of PetroSync’s ISO 55000 training course is listed down below. For a more detailed and complete outline, you can refer to PetroSync’s ISO 55000 training course at PetroSync’s website.

Day 1

  • Introduction
  • Definition of assets, asset management, and asset management systems (ISO 55000:2014)
  • Tools used in asset management and the relation with asset integrity management
  • RCM
  • RBI
  • CMS
  • MoC
  • Culture change
  • RCA
  • CSMMS
  • IPF
  • Action
  • Understanding the Strategic asset management plan (SAMP)
  • Case Study – Understanding your assets and asset portfolio and determining the risk associated with the operation

Day 2

  • Understanding the use of asset management and asset integrity management tools
  • Criticality and Risk
  • Risks Associated with Production
  • The risk associated with maintenance or lack thereof
  • Risks associated with health safety and the environment
  • Developing a risk matrix (Probability, Consequence, and Detectability)
  • Developing a successful strategic asset management plan based on identified risks and needs of individual
  • Identifying business goals and aligning activities
  • Lifecycle cost
  • Maintenance Strategy tools
  • Balancing activities, needs, and cost
  • Operation demand and maintenance requirements – finding the balance
  • People skills and skill management programs
  • Case Study – Develop a Strategic Asset Management Plan (SAMP) to manage your asset portfolio risk

Day 3

  • Successful implementation of strategic asset management plans
  • Task Development
  • Detailed task writing
  • Developing your CMMS system
  • Inspection programs and operator-driven reliability
  • Pitfalls that should be avoided
  • Overdoing it with tasks
  • KPIs that make sense
  • Balanced scorecards
  • Updating studies and continuous improvement
  • Final notes on techniques and technologies
  • Tools and techniques to simplify inspection
  • Tools and techniques to build a visual inspection program
  • Skills matrices and successful implementation and integration
  • Case study – Implementing your SAMP successfully and following up on your implementation

Who Should Attend the ISO 55000 Training Course?

This training course caters specifically to but is not limited to the following disciplines:

  • Managers responsible for maintenance and operations
  • Managers overseeing engineering activities
  • Managers involved in maintenance planning
  • Professionals engaged in asset management

By joining PetroSync’s ISO 55000 training course, you will gain a deep understanding of the standard and its practical implementation. Our expert instructor, who is a certified ISO 55000 engineer, will guide you through the key elements of ISO 55000, equipping you with the knowledge and skills to develop and implement a strategic asset management plan tailored to your organization’s needs. You will learn how to align asset management with your business goals, integrate asset integrity management tools, and make informed decisions that drive long-term success.

Make a valuable investment in your professional development and unleash the complete potential of your organization’s assets. Enroll in our ISO 55000 training course today and begin an impactful journey toward achieving excellence in asset management with PetroSync!

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ISO 55000: Asset Management Standard Training Course (2024)

FAQs

ISO 55000: Asset Management Standard Training Course? ›

The overall aim of the ISO 55000 series is to assist an organization in optimizing and improving the management of business assets. This awareness training course is designed to enable participants to gain basic knowledge of the requirements of ISO 55001:2014 standard.

What is the ISO 55000 standard for asset management? ›

This International Standard provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management. This International Standard can be applied to all types of assets and by all types and sizes of organizations.

Which course is best for asset management? ›

  • Certified Hardware Asset Management Professional Course.
  • Asset Lifecyle & Lifecycle Cost Management Course.
  • IAM Certificate Course.
  • Life Cycle Asset Management EAM Training Online.
  • Managing Maintenance Operations and Property Risk.
May 28, 2024

What is the difference between ISO 55000 and ISO 55001? ›

The ISO 55001 standard contains the requirements specification only, whereas the subject matter introduction, along with key terms and definitions, reside in ISO 55000. ISO 55002 corresponds directly to PAS 55-2, providing guidance on the interpretation and application of the ISO 55001 requirements.

What is the 55000 certification? ›

ISO 55000 Certification

Implementing an Asset Management System boosts stakeholders' confidence and enables you to manage complex processes within the organisation. The certification is recognised as an international standard and is valid for three years. You will also need to keep up with surveillance audits annually.

What is the benefit of ISO 55000? ›

ISO 55000 provides a structured approach to managing an organization's assets effectively, enabling organizations to achieve their strategic goals while balancing cost, risk, and performance related to their assets​​.

Which ISO standard is the standard for asset and inventory management? ›

Developing and implementing an asset management framework based on the ISO 55001 standard demonstrates to internal and external stakeholders (e.g. regulators, customers, insurers) that the organization manages its performance, risks, and costs in a very effective and efficient manner.

What is the highest salary in asset management? ›

Asset Manager salary in India ranges between ₹ 2.3 Lakhs to ₹ 16.0 Lakhs with an average annual salary of ₹ 6.5 Lakhs. Salary estimates are based on 1.2k latest salaries received from Asset Managers.

What is the salary of top asset management? ›

Average fixed income portfolio managers earn base salaries of $150-250K, with bonuses of around 50% of base pay for average performance. Top fixed income managers may earn up to $750K-$1 million or more annually if they consistently outperform fixed income benchmarks.

Do asset managers make money? ›

Many asset managers are fee-based, which means the bonuses they earn on top of their base salaries represent a flat percentage of the money they manage and do not vary based on the performance of that money.

What are the main pillars of ISO 55001 asset management system? ›

ISO 55001 is based on four pillars: Value; Alignment; Leadership; and Assurance. Physical Assets exist to provide value to the organization and its shareholders, understanding value and how the assets contribute to value is therefore important.

When was ISO 55000 introduced? ›

The International Standards Organisation published ISO 55000 on 15 January 2014: the culmination of three years' work by the ISO Project Committee 251.

What are the benefits of ISO 55001 certification? ›

ISO 55001 certification demonstrates a commitment to best practices in asset management. It enhances the credibility of the FM team, instilling trust among stakeholders, including clients, investors, and employees.

What is ISO 55000 in the US? ›

ISO 55000 certification can help organizations make informed decisions, manage risks and increase operational efficiency by aligning their asset-related risks with their business strategies.

What is Type 5 certification? ›

What is Type 5 Certification Scheme. Type 5 Certification Scheme is a certification system regulated by the European standard ISO/IEC 17067:2013. The Scheme provides the testing of randomly selected samples, as well as manufacturing control and audit of the company's management system.

What is the PAS 55 asset management standard? ›

PAS 55 gives guidance and an auditable 28-point requirements checklist of good practices in physical asset management. Successfully passing a PAS 55 audit doesn't just mean you are doing something to watch how well you do, as it does in the quality standards, it means that you are doing things well.

What is the ISO code for asset management? ›

(ISO 55001) certification. Businesses need to protect the value of their physical and non-material assets.

What is the ISO standard for software asset management? ›

ISO/IEC 19770-1: Processes

ISO/IEC 19770-1 is a framework of ITAM processes to enable an organization to prove that it is performing software asset management that meets corporate governance standards.

What is the ISO standard for asset hierarchy? ›

The ISO 14224 standard offers a hierarchical pyramid of taxonomic classification with nine levels, with level 1 being the highest, representing the type of industry, and level 9 being the lowest, representing a part or piece.

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