PROGRAM DETAILS

Program Overview:

This five-day training program equips mechanical engineering professionals with the competencies required to assess and improve asset management systems based on the ISO 55001 standard. The course focuses on the principles, frameworks, and methodologies of asset management, emphasizing lifecycle value, risk management, governance, and performance optimization. Participants will explore the Global Forum on Maintenance and Asset Management (GFMAM) framework, including the 39 Subject Areas, and gain practical knowledge on assessing asset maturity and aligning asset strategies with organizational objectives.

Through structured learning sessions, real-world case studies, and group-based activities, this program fosters the ability to critically evaluate existing asset management systems, drive improvements, and support compliance with ISO 55001. Although it aligns with the knowledge expectations for the CAMA certification, this program focuses solely on developing professional capabilities rather than exam preparation. Mechanical engineers and other technical professionals will benefit from insights into integrating asset management into business performance and risk frameworks to drive value across the asset lifecycle.

Learning Objectives:

By the end of the program, participants will be able to:

• Interpret and apply ISO 55000 series standards and terminology

• Analyze the GFMAM Asset Management Landscape and 39 Subject Areas

• Conduct maturity assessments of asset management systems

• Integrate risk-based thinking in asset-related decisions

• Support continuous improvement and strategic alignment in asset-intensive environments

Target Audience:

• Mechanical Engineers involved in asset-intensive operations

• Maintenance, Reliability, and Asset Managers

• Operational Excellence and Continuous Improvement professionals

• Internal Auditors, HSE, and Risk Officers

• Professionals seeking to assess or improve ISO 55001 implementation

Training Methodology:

• Instructor-led technical presentations

• Interactive case studies and real-life scenarios

• Group discussions and collaborative analysis

• Concept application exercises

• Technical documentation reviews

Program Contents:

Day 1: Foundations of Asset Management and ISO 55000

• Purpose and scope of asset management

• ISO 55000, 55001, and 55002 structure and clauses

• Key definitions, principles, and terminology

• Asset management as an enabler of business performance

Day 2: GFMAM Asset Management Landscape

• Introduction to GFMAM and the 39 Subject Areas

• Breakdown of the 6 Subject Area Groups

• Systemic alignment of policy, strategy, and objectives

• Mapping competencies and accountabilities

Day 3: Lifecycle Asset Management and Risk-Based Approaches

• Asset lifecycle phases and value realization

• Risk-based decision-making and prioritization

• Asset criticality, failure modes, and performance trade-offs

• Cross-functional collaboration in asset lifecycle delivery

Day 4: Asset Management System Assessment and Performance Evaluation

• Elements of an effective Asset Management System (AMS)

• Maturity models and assessment frameworks

• Gap analysis methodology and performance indicators

• Case study: Conducting a system review and reporting findings

Day 5: Governance, Leadership, and Continuous Improvement in Asset Management

• Leadership, roles, and communication in AMS governance

• Alignment of asset objectives with business strategy

• Continuous improvement processes and data-driven insights

• Integration of asset management with enterprise risk and sustainability goals