A ISO Training Course
Asset Management
Asset Management Processes and ISO 55001
Implementation Guidance
Course Overview
The management of physical assets is critical to the economy of many countries. How we manage assets determines the efficiency of companies and how competitive we are in the world market. Much money is spent annually on maintaining and developing the asset base and providing services to improve Asset Management has in itself become a major competitive market internationally.
Asset Management has been increasingly recognized as the key to improved investment decision making across all sectors, from Oil & Gas, Defence, Aerospace, Manufacturing, Public Transport and Electricity and Water Production & Distribution. Regulators require to develop and present strategic Asset Management Plans aligned with the corporate strategy. The implementation of ‘Good Asset Management Practice’ will contribute in realizing the corporate strategy and it becomes more and more important to prove this by showing results.
This Asset Management training course will highlight:
- The basic principles of Asset Management fully aligned with the IAM Qualifications
- ISO 55000, The International Standard on Asset Management
- The implementation of ‘Good Asset Management Practice’
- How to realize higher performance at lower cost within compliance
- Assessing the current state of your Asset Management process and determine the gaps
Training Outline
DAY 1: Principals of Asset Management
- Asset Management as a Business Process
- Asset Management Scope & Definitions
- Asset Management Conceptual Model
- Asset Management Strategy & Planning
- Asset Management Roles - about roles, expectations and responsibilities
- ISO 550000 – The International Standard on Asset Management
- Certification Procedure
DAY 2: Assessing & Managing Asset Management Risks
- Identification and Assessment of Risk
- Risk in Asset Management
- Significance of Risk
- Risk on Business Level
- Stakeholder Risks
- Risk on Asset Level
DAY 3: Asset Management Policy, Strategy and Planning
- Asset Management Policy
- Developing (Strategic) Asset Management Plan(s)
- Implementing (Strategic) Asset Management Plan(s)
- Long Term Maintenance & Investment Planning
- Information and Configuration Management
DAY 4: Managing Asset Lifecycle Decisions & Activities
- Life Cycle of Assets and its Aspect
- Systems Engineering
- RAMS Aspects (Reliability Availability Maintainability Safety)
- Renewal, Disposal and Lifetime Extension
- Sourcing & Outsourcing
DAY 5: Financial & Business Impact of Asset Management
- Financial Management – Basics
- Budgeting
- Life Cycle Costing
- The Business Case for Asset Management
- Wrap-up
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS, an ISO certified organisation, also offers ISO standard training courses that aims to help organisations ensure better process for safety and quality set by the International Organization for Standardization, a worldwide federation of national standard bodies.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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