Asset Management & ISO 55000 Series

Training course overview

Asset Management stands as a cornerstone for industries reliant on the efficient operation of their plant and equipment. Establishing effective communication across cross-functional groups such as new project, commissioning, operation, and maintenance is essential for cohesive decision-making and minimizing asset life cycle costs. This intensive Asset Management training course is designed to spotlight the imperative need for improved management practices by presenting standards, methodologies, and guidance for setting up robust asset management systems. It places a particular emphasis on leveraging the international standard for Asset Management, ISO55000, to implement the latest best practices.

Throughout this Coventry Academy training course, participants will engage in comprehensive discussions on the key features of asset management spanning the entire life cycle of equipment. Drawing from a diverse range of industries, the course introduces best practices and thoroughly examines the requisite skills, attitudes, and competencies for effective asset management. Participants will be introduced to the latest tools and techniques, presented in a clear and accessible manner, allowing for practical application in their respective contexts.

The training course places a significant focus on the Asset Management standard ISO55000 series. It not only introduces the standard but also reviews its sections and underscores their relevance to critical aspects of asset management discussed throughout the course. Moreover, participants will learn where to access further information about the standard and how to evaluate their organization's alignment with it.

Key features of this Coventry Academy training course include:

1. Understanding the Asset Management System, Organization & Risk-based Framework specified in ISO55000 Series.
2. Exploring the advantages and challenges of Life Cycle Costing.
3. Deriving asset policies and strategies from the business plan.
4. Formulating effective Asset Management Plans and ensuring their implementation.
5. Emphasizing continuous improvement and fostering a learning organization culture.