Understanding the ISO 31000 and ISO 55000 Standards

About the Course

This three-day training program offers a thorough overview of the ISO55000 Asset Management and ISO 31000 Risk Management Standards.  The long-term success of an organization relies on many things, from continually assessing and updating their strategies to optimizing their processes and equipment. As if this were not enough of a challenge, they also need to account for the unexpected in managing risk.

Key Learning Objectives

• Gain the Asset Management Knowledge required to become a Certified Asset Management Assessor (CAMA) from the World Partners in Asset Management (WPiAM)
• Identify the indicators and understand the benefits of integrating asset management processes and systems
• Acquire the knowledge to identify, analyze, and implement Risk Based Strategies
• Learn the principles of Asset Management, the requirements, and application of implementing an Asset Management System
• Demonstrate a comprehensive Asset Management System as a set of integrated technical and financial risk-based processes
• Apply strategic policies and plans to achieve Asset Management System best practices by integrating Risk Management with Organizational goals and objectives

Course outline

Day 1:

• Welcome / Introduction
• Fundamentals of ISO 31000:2018 – Risk Management
• Fundamentals of ISO 55000 – Asset Management
• ISO 31000:2018 Overview: provides guidelines on managing risk faced by organizations and a common approach to managing

Day 2

• ISO 55000 – Asset Management Overview: provides an overview of asset management, its principles and terminology, and the expected benefits from adopting asset management
• ISO 55001 – Asset Management Systems Requirements: specifies requirements for an asset management system within the context of the organization

Day 3

• ISO 55002 – Asset Management Systems – Guidelines: gives guidelines for the application of an asset management system, in accordance with the requirements of ISO 55001