ISO 55000 Overview and Implementation

What is it all about?

The ISO 55000 standard for an asset management system was released in 2014 among a lot of excitement and hype.

This international standard specifies the requirements for the establishment, implementation, maintenance and improvement of a management system for asset management, referred to as an asset management system.

The standard consists of three parts: The standard itself, ISO 55001, which contains the criteria for certification, as well as ISO 55000 which covers some background principles and definitions, and ISO 55002 which provides application guidelines.

This course gives an overview of the standard and its underpinning principles, the journey to implementation and/or certification, as well as the potential benefits and pitfalls.

This training course is aligned with the GFMAM’s 39 Subjects with a specific focus on the following subjects: asset management policy, asset management strategy and objectives, demand analysis, strategic planning and asset management planning.

Who should attend?

  • Senior managers and executives in asset intensive organisations
  • Asset and maintenance managers
  • Production and operations managers
  • Maintenance and production engineers
  • Risk managers

What makes it different?

This training course provides learners with an overview of the development of ISO 55000 and its positioning relative to other AM standards. The content of the standard is delved into, with the purpose of:

  • giving you an understanding of the concepts and definitions used in ISO 55000
  • defining the difference between asset management and an asset manage system
  • providing an overview of the overall structure of ISO 55000
  • giving insight into the content of each clause in ISO 55000
  • assisting you in defining the status of your organisation based on self-assessment
  • informing you of the certification process for ISO 55000

Course outline and expected outcomes

Introduction to ISO 55000

This module gives learners an overview of the history and structure of ISO 55000:

  • PAS 55, the forerunner of ISO 55000
  • The objectives and application of the standard
  • The three parts of the standard
  • High level overview of the content of ISO 55000
  • The relationship between the key elements of an asset management system

ISO 55001 certification

This module gives learners an overview of the certification process and its current status:

  • Terms and definitions
  • Certification requirements
  • The certification process
  • Requirements for a certificate of compliance

Asset management concepts and definitions

This module gives learners the asset management terminology to understand ISO 55000:

  • What is an asset?
  • Where does the asset life cycle start and end?
  • What is asset management?
  • What is an asset management system?
  • In place and in use
  • The PDCA cycle, which the standard is based on

Benefits of ISO 55001

This module provides learners with the information to sell ISO 55000 to their colleagues:

  • The benefits of asset management
  • The benefits of an asset management system
  • The benefits of ISO 55001 certification

ISO 55001 requirements

These three modules take learners on a journey through the clauses of ISO 55001. Each clause is covered, followed by a self-assessment:

  • Context of the organisation
  • Leadership
  • Planning
  • Support
  • Operations
  • Performance evaluation
  • Improvement

Expected ISO 55000 adoption

This module gives learners an overview of how the other ISO standards got traction:

  • The adoption of ISO 9000, 14000 and 22000
  • Growth in ISO certifications
  • A discussion of how the ISO 55000 adoption can be expected to play out

The GFMAM’s asset management landscape

An overview of the GFMAM’s asset management landscape:

  • Vision and objectives of the GFMAM
  • Asset management fundamentals as defined by the landscape document
  • An indication of which subjects are mentioned and covered in ISO 55001

The ISO 55001 implementation

This module helps learners to develop an ISO 55001 implementation plan:

  • Your ISO 55001 implementation options
  • Where does one start?
  • The steps to implement ISO 55000 with a typical implementation timeline
  • Key success factors for implementation