Infrastructure Asset Management & ISO 55000 Series
A Sustainable Approach Towards "Good Asset Management Practice"
Course Overview
The management of public infrastructure—such as railways, roads, bridges, tunnels, ports, airports, utilities networks, and wastewater treatment facilities—has become increasingly critical over the past decade. Growing demand, ageing assets, limited resources, operational efficiency requirements, budget constraints, regulatory pressures, and climate change make proactive, life-cycle-focused management essential.
Asset Management is now recognized as a strategic approach to enhance investment decision-making and operational performance in the public infrastructure sector. Regulators increasingly require organizations to develop and demonstrate an Asset Management strategy aligned with corporate objectives. Implementing good Asset Management practices not only supports the corporate strategy but also delivers measurable outcomes in performance, efficiency, and cost-effectiveness.
This training course provides public infrastructure professionals with practical insights into Asset Management principles, ISO 55000 standards, and international best practices, enabling them to optimize asset performance across the life cycle while ensuring compliance and sustainability.
The course emphasizes:
- Fundamental principles of Asset Management
- ISO 55000 series and its application to public infrastructure assets
- Good Asset Management practices for sustainable performance
- Achieving higher performance at lower cost within regulatory compliance
- Step-by-step implementation of an Asset Management System using the five core questions approach
- Practical case studies and insights from leading global organizations
Course Objectives
By the end of the course, participants will be able to:
- Define Asset Management and understand its importance and organizational deliverables
- Interpret the ISO 55000 standard and apply it effectively within their organization
- Understand and apply “good Asset Management practice” to public infrastructure assets
- Implement key steps to develop, maintain, and improve Asset Management systems
- Advance their organization towards sustainable, life-cycle-oriented asset management
Course Audience
This course is suitable for a broad range of professionals, including:
- Staff involved in Asset Management, Maintenance, and Public Infrastructure Management
- Personnel in Utilities Management, Operations, Finance, IT, and Building Maintenance
- Professionals seeking to update their knowledge of Asset Management and its implementation
Course Methodology
The course uses a blended workshop approach including:
- Instructor-led lectures
- Interactive case studies
- Group discussions
- Practical exercises and simulations
Participants will have multiple opportunities to share experiences and gain actionable insights.
Course Outline
Day 1: Principles of Asset Management
- What is Asset Management?
- Importance for public infrastructure management
- Fundamental principles and reference models
- ISO 55000 series overview
- Asset Management roles: Asset Owner, Asset Manager, Service Provider
- Building an Asset Management System for public infrastructure assets (Five Steps)
Day 2: Alignment with Organizational Strategy
- Stakeholder needs and demand analysis
- Defining current and future service levels
- Concept of the Line of Sight
- Asset Management Policy development
- Strategic Asset Management Plan (SAMP) and underlying Asset Management Plans (AMPs)
Day 3: Assessing the Current State
- Asset register and portfolio overview
- Asset condition and useful life assessment
- Valuation of asset portfolio
- End-of-life framework and asset strategies
- Gap analysis of current Asset Management System
- Roadmap development and integration with SAMP and AMPs
Day 4: Risk-Based Maintenance Strategies
- Asset failure behavior and criticality
- Prioritization of failure impacts
- Risk-based maintenance approaches
- FMECA and reference maintenance plans
- Workflow integration
- Optimization of maintenance strategies and role of the Maintenance Engineer
Day 5: Decision-Making and Building an Asset Management Team
- Informed decision-making within the Asset Management Triangle
- Scenario development and decision criteria
- Business case preparation
- Integration with planning and control cycles (long-term investment & maintenance planning)
- Funding strategies
- Establishing Asset Management teams: roles, responsibilities, competencies, and implementation strategy
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