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Webinar: Assessing Against the New ISO55001:2024 - Surprising Results and Key Takeaways

Address:
UK

Date & Time:
07 October 2025
14:00 - 15:00 BST

Category
Webinar

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IAM Endorsed Assessors are just beginning to measure organisational maturity against the revised ISO55001:2024 Standard. This webinar will describe the practical experience of assessing two business units within the same large infrastructure organisation that requested deep dive maturity assessments to supplement their organisation-wide ISO55001 certification audit. The first deep dive was conducted in August 2024 against the 2014 Standard and the second in April 2025 against the 2024 version of the Standard. The organisation has agreed that we may share the findings if they are anonymised.

We were extremely surprised at the difference in the results. The subtle changes in the wording of the Standard and the new or refocused clauses had a far greater effect than we first envisaged and resulted in a number of new challenges and non-conformities. This webinar will discuss the difference in practically applying the two versions of the same standard. We believe that any organisation that is already ISO55001 certified and thinks that their next recertification audit will be just more of the same, might in for a bit of a shock unless they fully understand how the 2024 version of the Standard has changed in practical terms and can prepare for this well in advance of recertification.

This webinar will be an interactive session that will:

Very briefly highlight the changes in ISO55001:2024 (including timelines to transition)
Give a summary overview of the anonymised outputs of both maturity assessments
Our practical experience of assessing the NEW requirements
Decision-making
SAMP
Knowledge
Our practical experience of assessing the changes to existing clauses such as:
Opportunity
Predictive instead of Preventive action
And other more minor changes
We will use Slido polls throughout section 3 & 4 to ascertain how others think that their organisations would perform against the new criteria.
Summary
Q&A

This event is a virtual webinar. Please follow the link below and click Register:

https://events.teams.microsoft.com/event/d22505a4-0e37-4eca-8669-ec4f98ced1f9@d3e6a357-cab4-44d3-a132-2d1e50e18f44

Tim Gadd

Tim Gadd is a Chartered Engineer, a Fellow of the Institute of Asset Management and a Board member for the IAM Register of Professionals. An experienced advisor, trainer and ISO55001 assessor, he has led numerous Asset Management transformation programmes in many industry sectors including, aviation (airports and air traffic control), rail, local government and electricity and water utilities. Clients have included Network Rail, Heathrow Express, Docklands Light Railway, Highspeed 1. ISO55001 assessments, or supporting organisations to ISO55001 certification have included Heathrow Airport (including Rail infrastructure, Baggage and HBS), Manchester Airport Group, National Air Traffic Services, Northern Ireland Electricity, TNB Malaysia, Kelda Water, SSE and Angel Trains. Tim has contributed to numerous SSGs and recently GFMAM Landscape and IAM Anatomy revisions.

Michael Niven

Michael Niven is a Principal Consultant. Michael has a degree in Mechanical Engineering and is experienced in the maturity assessment and improvement road mapping of complex Asset Management Systems in a variety of industry sectors. Michael has taken the role of Lead Assessor in a number of ISO 55001 projects, including gap analyses and certifications. Michael is also adept at compiling complex asset data sets and creating Power BI reporting tools to support asset managers in having the right information to assemble and optimise Asset Management Plans. Michael’s experience includes leading two ISO gap analyses for Heathrow Baggage and HBS, auditing and recertifying TEAM2100 for ISO 55001, a secondment to support Thames Water in their 2024 ISO 55001 recertification, and undertaking ISO 55001 assessments for Nottingham Trams, SSE and Angel Trains.

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Assessing Against the New ISO55001:2024 - Surprising Results and Key Takeaways - Corporate Member Price

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