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ISO 55001:2024 Asset Management Systems Awareness

ISO 55001:2024 Asset Management Systems Awareness

A practical introduction to ISO 55001:2024, the current published requirements standard for an asset management system. Learn what an asset and an asset management system are, the principles of value, alignment and leadership, how the 2024 edition uses the shared management system structure, what the second edition added or clarified and how certification actually works. Written for people in asset intensive organisations, or those heading that way, with no asset management background assumed.

About 45 minutes100% online, self-pacedSix months of access

What You Will Learn

  • Explain what an asset and an asset management system are, and why organisations adopt ISO 55001
  • Describe the principles the ISO 55000 series is built on: value, alignment and leadership
  • Describe how ISO 55001:2024 uses the shared management system structure and the Plan Do Check Act cycle
  • Recognise what the 2024 edition added or clarified compared with the 2014 edition, including decision making, the strategic asset management plan, knowledge, life cycle in operation, and predictive action
  • Distinguish an asset management system from financial accounting, technical manuals and a certificate on the wall

Course Content

Final Assessment: 10 questions, 80% pass mark, retakes available

Who This Course Is For

Workers, supervisors, managers, planners, maintainers and contractors in an organisation that manages plant, infrastructure, vehicles, information systems or other assets of value, including organisations certified to ISO 55001 or working towards it.

Written by Kam Askari, Managing Director of Creative Directions Management Consulting Pty Ltd, ISO 9001, ISO 14001 and ISO 45001 Lead Auditor. MBA, Graduate Diploma in Occupational Health and Safety, MAICD. Checked against the sources listed below.

Sources and Legal References

Always rely on the current version on the regulator’s website.

Accreditation: This is a non-accredited awareness course. It is written against ISO 55001:2024, the current published edition (Edition 2, July 2024, ISO catalogue stage 60.60) and checked against the licensed Australian identical adoption AS ISO 55001:2024 (Standards Australia, published 20 September 2024). It teaches structure and 2024 changes in original WorkProof words. It does not reproduce licensed standard text. Completing it does not certify you, does not certify your organisation and is not a substitute for reading the standard, for an audit by an accredited certification body or for your organisation's own asset management arrangements. ISO 55001 is not required by law. The standard does not set financial, accounting or technical requirements for managing a particular type of asset.
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