Fundamentals of Asset Management: PAS 55 and ISO 55000 Standards, Processes and Implementation Guidance

Management & Leadership · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

The asset management of physical assets like chemical plants, power distribution networks, rolling stock, offshore platforms, roads, waterways, buildings, etc. is critical to the economy of many countries. How we manage physical determines the efficiency of companies and how competitive we are in the world market.

Learning Objectives

• To provide a step-by-step guide to Asset Management best practices (as part of PAS 55 and ISO 55000), starting with foundations and building up to best practices that will deliver maximum business benefits
• To provide an appreciation of PAS 55 and ISO 55000
• To instruct Asset Management optimization best practice methodologies and technologies
• To provide opportunities to discuss and learn the practical application of these best practices, through case studies and exercises
• To provide insight into the current state of Asset Management best practices within the delegates company

Who Should Attend

The training course will benefit all professionals involved in managing or participating in asset management processes, incl. all staff in Asset Department, IT Department, Operation Department, and Finance Department.

• The training course will benefit all professionals
• Professionals in Finance & Accounting
• Managers, team leaders and supervisors

Course Outline

Day 1 — Introduction to Asset Management & Strategy Framework

• Introduction to program
• Introduction delegates
• PRE-test
• Asset & maintenance management as a business process

Day 2 — Asset Management roles + standards on Asset Management (PAS 55 + ISO 55000)

• Introduction
• Asset Management roles
• Sourcing & outsourcing
• Stakeholder management

Day 3 — Good Asset Management Practice – Part 1

• Introduction
• Demand forecasting
• Level of service and performance measures
• Defining the right key performance indicators

Day 4 — Good Asset Management Practice – Part 2

• Introduction
• Risk management
• Risk-Based Maintenance concepts (RBM)
• Life Cycle Costing (LCC)

Day 5 — Assessment & Implementation Aspects

• Introduction
• Asset Management assessment
• Asset Management teams
• Changing the behavior of people

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
16–20 November 2026	Abuja, Nigeria	Public	5 days	4,500
6–10 December 2026	Istanbul, Turkey	Public	5 days	4,500

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Frequently Asked Questions

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The portfolio covers KPIs and performance management, strategic planning and execution, Mini MBA programmes, supervisory and first-line management skills, change leadership, decision-making and problem-solving, and executive communication. Sessions are workshop-based, built around delegates’ own organisational challenges.

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Most Al-Khobraa management and leadership courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

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