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Asset Management

An IAM Endorsed Training Course

Asset Management

Asset Management Processes and ISO 55001 Implementation Guidance

IAM NASBA
Classroom Schedule
Date Venue Fees
11 - 15 May 2026 Dubai $ 5,950
22 - 26 Jun 2026 London $ 5,950
28 Sep - 02 Oct 2026 Barcelona $ 5,950
19 - 23 Oct 2026 Dubai $ 5,950
02 - 06 Nov 2026 Amsterdam $ 5,950
14 - 18 Dec 2026 London $ 5,950
Online Schedule
Date Venue Fees
18 - 22 Jan 2027 Online $ 3,950

Course Summary

The Fundamentals of Asset Management training course provides professionals with a structured understanding of how physical asset management directly influences organisational efficiency, competitiveness, and long-term value creation. Across many sectors, effective asset management determines how well organisations optimise investment, control cost, and deliver reliable services while remaining compliant with regulatory expectations. This training course focuses on the principles that enable organisations to manage assets as strategic resources rather than isolated technical components.

Throughout the Fundamentals of Asset Management training course, participants explore internationally recognised good practices and standards, including the principles underpinning ISO 55000. The course emphasises aligning asset management with corporate strategy, assessing current asset management maturity, and identifying performance gaps. By the end of the training course, participants will be better equipped to apply sound asset management practices that improve performance outcomes while achieving efficiency, compliance, and strategic alignment.

Skills & Competencies

From this Fundamentals of Asset Management training course, participants will develop the following key skills and competencies:

  • Strategic asset planning and alignment
  • Application of international asset management standards
  • Asset lifecycle and risk evaluation
  • Policy and performance planning
  • Financial impact analysis
  • Practical execution of asset management systems

Key Learning Outcomes

At the end of Fundamentals of Asset Management training course, you will learn to:

  • Explain the role and value of asset management in organisational strategy
  • Apply the principles of ISO 55000 to asset practices
  • Assess and manage asset-related risks
  • Develop and implement strategic asset management plans
  • Evaluate financial and business impacts of asset decisions

How You Will Learn

Participants will engage in a structured and practical learning experience where theory is integrated with real-world asset management scenarios. The approach includes conceptual exploration, interactive discussions, and frameworks that enhance understanding of best practices and practical implementation across organisational asset systems.

Who should Attend?

This training course is designed for professionals involved in asset management, strategy execution, or operational optimisation.

This Fundamentals of Asset Management training course is suitable to a wide range of professionals but will greatly benefit:

  • Asset and Asset Performance Managers
  • Maintenance and Reliability Specialists
  • Operations and Engineering Managers
  • Facilities and Infrastructure Managers
  • Professionals responsible for compliance, risk or investment planning
Course Outline
Day 1

Principals of Asset Management

This day introduces asset management as a business process and aligns it with international standards and organisational expectations. The topics covered will include: 
  • Asset Management as a Business Process
  • Asset Management Scope & Definitions
  • Asset Management Conceptual Model
  • Asset Management Strategy & Planning
  • Asset Management Roles - about roles, expectations and responsibilities
  • ISO 550000 – The International Standard on Asset Management
  • Certification Procedure
Day 2

Assessing & Managing Asset Management Risks

This day focuses on identifying and evaluating risks both at business and asset levels and managing their impact. The topics covered will include: 
  • Identification and Assessment of Risk
  • Risk in Asset Management
  • Significance of Risk
  • Risk on Business Level
  • Stakeholder Risks
  • Risk on Asset Level
Day 3

Asset Management Policy, Strategy and Planning

This day explores the development and implementation of asset management policies and strategic plans. The topics covered will include: 
  • Asset Management Policy
  • Developing (Strategic) Asset Management Plan(s)
  • Implementing (Strategic) Asset Management Plan(s)
  • Long Term Maintenance & Investment Planning
  • Information and Configuration Management
Day 4

Managing Asset Lifecycle Decisions & Activities

This day covers lifecycle aspects of assets and how decisions impact performance, reliability, and cost. The topics covered will include: 
  • Life Cycle of Assets and its Aspect
  • Systems Engineering
  • RAMS Aspects (Reliability Availability Maintainability Safety)
  • Renewal, Disposal and Lifetime Extension
  • Sourcing & Outsourcing
Day 5

Financial & Business Impact of Asset Management

This day emphasises how asset management influences financial performance, budgeting, and long-term planning. The topics covered will include: 
  • Financial Management – Basics
  • Budgeting
  • Life Cycle Costing
  • The Business Case for Asset Management
  • Wrap-up
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have IAM reference.
Providers and Associations

Endorsed Education Provider

IAM
NASBA

In Association With

Options & Brochure
Related Certificates
IAM ISO

Customisation & In-House Delivery

When delivered in-house, this training course can be tailored to reflect organisational asset portfolios, governance structures, and strategic priorities. Customisation enhances relevance by focusing on sector-specific asset challenges and objectives, helping embed good asset management practices into daily operations.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Fundamentals of Asset Management training course:

  • Stronger alignment with national strategic infrastructure priorities
  • Improved asset performance and cost efficiency
  • Enhanced compliance with international standards
  • Better risk and lifecycle decision-making
  • Increased cross-functional collaboration
  • Practical frameworks for performance optimisation
Related Courses
Frequently Asked Question

This training course focuses on building a structured understanding of how physical asset management supports organisational efficiency, reliability, and long-term value. It emphasises managing assets as strategic resources rather than purely technical components. 

Asset management influences investment decisions, cost control, risk exposure, and service performance across the asset lifecycle. Effective asset management enables organisations to align operational activities with corporate strategy and long-term objectives.

This course adopts a holistic, strategic perspective on asset management rather than focusing solely on maintenance activities. It integrates policy, planning, risk, lifecycle, and financial considerations to support informed decision-making at organisational level. 

The training course helps organisations address challenges such as asset performance gaps, unplanned downtime, inefficient investment decisions, lifecycle cost escalation, and misalignment between assets and strategic goals. 

This training course is designed for professionals involved in managing, planning, or optimising physical assets across their lifecycle. It is particularly suitable for:

  • Asset and asset performance managers
  • Maintenance and reliability specialists
  • Operations and engineering managers
  • Facilities and infrastructure managers
  • Professionals involved in compliance, risk, or investment planning 

Yes, the course is suitable for professionals who are new to asset management as well as those seeking to formalise their understanding. It provides a structured foundation while also offering value to experienced practitioners. 

Participants develop skills in strategic asset planning, lifecycle evaluation, risk assessment, policy development, and financial impact analysis. These competencies support effective asset-related decision-making across the organisation. 

By applying the principles and practices covered in the course, participants can improve asset reliability, reduce lifecycle costs, strengthen risk control, and enhance overall asset performance across the organisation. 

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

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