Asset Management – PAS 55

Understand why Specific Processes, Systems
& Reports Are Necessary to Informed Asset
Management Decision Making

03 - 07 June 2024 - Sandton Centre
Johannesbug South Africa

Register Now! Limited Seats Available!

R17, 999.00 Per Delegate

Public R14, 999.00

Online R10, 999.00


Asset Management has been increasingly recognized as the key to improved investment decision making across all sectors, from Oil & Gas, Defence, Aerospace, Manufacturing, Public Transport and Electricity and Water Production & Distribution. Many of them are required by regulators to draw up and present asset management plans. 

 This training course aims to support this drive to improve management practices by presenting standards, methodologies and guidance how to set up good asset management. The course shows the delegate how the international standards on Asset Management, the Publicly Available Specification PAS 55 and the ISO 55000, can be used to implement the best practices in order to realise higher performance at lower costs within compliance. The course finalises with an assessment of the current state of your Asset Management processes and results. 


  • 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 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 in the current state of Asset Management best practices within the delegates company 

Who Should Attend

  • Maintenance Managers 
  • Operations managers 
  • Asset Managers 
  • Fixed Asset Manager 
  • Accountants 
  • Supply chain Managers 
  • Engineers and other stakeholder’s master work associated with the day-to-day care of physical assets. 


Introduction to Asset Management & Strategy Framework 

  • Introduction to program 
  • Introduction delegates 
  • PRE-test 
  • Asset & maintenance management as a business process 
  • Asset management process model – The Asset Management System 
  • Strategy framework  
    • line of sight 
    • asset management policy, asset strategy, asset management strategy 
    • asset management objectives (goal setting) 
    • asset management plan 
    • feedback & improvement 

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

  • Introduction 
  • Asset Management roles 
  • Sourcing & outsourcing 
  • Stakeholder management 
  • BSI-PAS 55:2008 – a proven standard for Asset Management 
  • ISO 550000 – the new international standard on Asset Management 
  • Certification procedure 

Good Asset Management practice – part 1

  • Introduction 
  • Demand forecasting 
  • Level of service and performance measures 
  • Defining the right key performance indicators 
  • Capacity or utilization monitoring 
  • Condition assessment and monitoring 
  • Information & configuration management 
  • Vendor management & past performance 
  • Asset procurement 

Good Asset Management practice – part 2 

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

Assessment & Implementation aspects 

  • Introduction 
  • Asset Management assessment 
  • Asset Management teams 
  • Changing the behaviour of people 
  • Implementation of Asset Management – case study 
  • Wrap-up 
  • Introduction and overview of Asset Management (AM)
    • Introduction to AM 
    • International Standards – ISO 55001 
    • Overview of good practice 
    • Organizational context and stakeholder needs 
    • Converting business plans to asset plans 
    • The strategic AM plan 
    • AM policy 
    • Needs and capabilities of the assets 
  • The Asset Lifecycle  
    • Introducing the Asset Lifecycle 
    • Design and acquisition 
    • Commissioning and handover 
    • A Strategic approach to operations and maintenance 
    • Understanding and managing failures – Introduction to tools and techniques  
      • Root Cause Analysis (RCA) 
      • Failure Mode and Effect Analysis 
    • Managing ‘random’ failure 
    • Spares management 
    • Decommissioning, disposal and renewal 
    • Asset life cycle strategies – Alignment and optimization 
    • Developing and optimizing AM plans 
    • Constraints and shutdown optimization 
  • Planning, risk management, and decision making  
    • Delivering plans  
      • Capital 
      • Operations and maintenance 
    • Managing resources and change 
    • Outsourcing and supply chain management 
    • Risk management 
    • Asset criticality 
    • Contingency planning 
    • Value and risk-informed decision making 
    • Asset Management decision making – Principles and approach 
    • Techniques for working uncertain or sparse data 
    • Life Cycle Costing (LCC)  
      • Introduction 
      • Evaluation of options 

End of the workshop



While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389 /