Poorly managed assets cost organisations twice: once through avoidable failures and again through weak financial reporting. Government agencies, utilities, hospitals, universities and manufacturers all hold assets whose records are incomplete, whose condition is unknown and whose replacement is not funded. Boards and auditors increasingly ask for a joined-up view that links physical condition, financial value and strategic purpose.

The Executive Asset Management (Fixed Assets, ISO 55001) Training Course provides that view. It opens with the principles of asset management and the value assets deliver, then sets out the fixed asset lifecycle from acquisition to disposal, including recognition, capitalisation, depreciation and impairment. Participants then study the requirements of the ISO 55001 management system: context, leadership, planning, support, operation, performance evaluation and improvement. Practical sessions cover asset registers, criticality ranking, maintenance strategies, lifecycle cost analysis and capital planning.

The course is aimed at decision makers, so each session ends with a management product, such as a board paper, a prioritised renewal plan or a gap assessment. Participants finish with a roadmap tailored to their own organisation.

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

• Explain the principles and terminology of ISO 55000 and the requirements of ISO 55001.
• Establish and maintain a reliable fixed asset register with verification routines.
• Apply recognition, depreciation, impairment and disposal rules to major asset classes.
• Rank assets by criticality and assess risk to service delivery.
• Compare options using lifecycle cost and whole-of-life value.
• Link maintenance, renewal and capital budgets to the strategic plan.
• Define asset management policy, objectives and performance measures.
• Carry out a gap assessment and plan an audit-ready management system.

Aimed at leaders who are accountable for physical assets and the money tied up in them:

• Chief executives, directors and accounting officers
• Finance directors, chief accountants and financial controllers
• Asset, facilities and estates managers
• Maintenance, operations and plant engineers
• Internal and external auditors
• Procurement and stores managers
• Planning and budget officers in government and parastatals
• Quality and risk managers pursuing certification

Participants leave the course with:

• A fixed asset register template and verification checklist.
• A criticality and risk ranking of their own priority assets.
• A lifecycle cost comparison they can reuse for investment cases.
• A gap assessment against ISO 55001 requirements.
• An outline asset management policy and strategic plan.
• A draft board paper on asset condition and funding needs.

The format is designed for busy senior people:

• Concise executive briefings on each element of the standard
• Sample registers and condition data for hands-on exercises
• Roundtable discussion of governance dilemmas
• Group production of board-level papers and plans

Participants who complete the programme and its exercises are issued a CPD-accredited Certificate of Completion by Vision Reach Global Consultancy. It records the training attended and does not certify an organisation against ISO 55001.