Purpose and Scope

This course is for those wishing to understand how to interpret and apply a management system conforming to ISO 55001 in their business.

Summary content:

• A brief introduction to ISO 55001 and management systems.
• Introduces the concept of the ‘corporate journey’.
• Using ‘asset management system’ as a framework for applying good practice.
• Practical guidance on how to develop practical solutions for applying asset management in your business.

Candidates will be provided with a copy of The IAM System Application Guide which was developed by a cross organisational team of experienced practitioners from multiple organisations and provides detailed support and further reading (more than 100 pages).

Learning Objectives 

Upon completion of this course, delegates will:

Understand the concepts and development of a management system for asset management

• The evolution of ISO55001
• The benefits of having an Asset Management System
• The strengths and limitations of ISO55001

Understand the concepts of the corporate asset management journey

• Starting on the AM journey – management engagement
• Assessment against ISO 55001
• Developing an improvement programme
• The need case

Be able to contribute to development and application an asset management system (AMS) in an organization

• What the specific requirements of an AMS are
• An introduction to developing an asset management manual
• The concept and purpose of the SAMP
• How the 39 subject area of asset management fit into a management system
• Documenting and AM system
• Integrating with other management systems
• Change management

This course will be delivered by The Woodhouse Academy on behalf of the Institute of Asset Management.