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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.
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
- ISO 55001:2024 in plain English
- By the end of this course, you'll be able to:
- An asset is something that can deliver value
- Asset management is how value is realised
- ISO 55001 is the requirements standard for the system
- The ISO 55000 family, as published
- Three ideas sit under the requirements
- The three principles this course teaches
- Value is not the purchase price
- Aligned decisions, and the alternative
- Leadership is visible in the trade-offs
- The same shape as the other management system standards
- Plan Do Check Act still applies
- What the 2024 edition changed
- 2024 additions you should be able to name
- An asset has a life, not only a purchase date
- A life cycle you can recognise on site
- A life cycle decision, and a register decision
- Risk and opportunity are both planning work
- The system runs on information as much as on steel
- What good information looks like in practice
- ISO writes the standard. It does not certify you.
- What the standard expressly does not do
- The standby generator that still starts
- The five things to carry away
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
This course is aligned to 8 official sources. Legal and regulatory references checked 31 August 2026.
Sources and Further Reading
This course draws on the following official sources. Always rely on the current version on the regulator’s website.
- Australian StandardISO 55001:2024, Asset management — Asset management system — RequirementsAs at 31/08/2026
- Australian StandardISO 55000:2024, Asset management — Vocabulary, overview and principlesAs at 31/08/2026
- Regulator guidanceISO/TC 251, Asset management committee homeAs at 31/08/2026
- Australian StandardISO 55002:2018, Asset management — Management systems — Guidelines for the application of ISO 55001As at 31/08/2026
- Australian StandardISO 55012:2024, Asset management — Guidance on people involvement and competenceAs at 31/08/2026
- Australian StandardISO 55013:2024, Asset management — Guidance on the management of data assetsAs at 31/08/2026
- Australian StandardISO/TS 55010:2024, Asset management — Guidance on the alignment of financial and non-financial functions in asset managementAs at 31/08/2026
- Australian StandardISO 55011:2024, Asset management — Guidance for the development of public policy to enable asset managementAs at 31/08/2026
Always rely on the current version on the regulator’s website.
Seven day refund if you have not started
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For employers and teams
Buy Seats for Your Team
$59.00 per seat, inc GST
Total inc GST$295.00
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What You Get
Certificate of Completion
This is to certify that
has successfully completed
All learning modules and the final assessment
Kam Askari
Director, Creative Directions Management Consulting Pty Ltd
This is a certificate of completion of a non-accredited professional development course. It is not a nationally recognised qualification, a VET statement of attainment, a competency card, a licence, or evidence of competency. It is issued by Creative Directions Management Consulting Pty Ltd, which is not a Registered Training Organisation.
Sample layout. Certificate ID WP-SAMPLE-0001 verifies as Hazardous Manual Tasks and Manual Handling Safety.
- Certificate verified by its ID
- 100% online, self-paced
- Six months of access
Bought for yourself: six months of access from the day you pay. Team seat: six months from the day the worker activates their code.
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