Assets are usually the largest item on an organisation's balance sheet and the main source of operating risk. Governments, utilities, hospitals, banks and manufacturers all depend on equipment and property working when needed, and all face pressure to do more with ageing stock and tight budgets. Weak records and reactive maintenance lead to ghost assets, overstated values, safety incidents and avoidable emergency spending.

The Management of Asset Management (Fixed Assets, ISO 55001) Training Course joins the finance view of assets with the engineering and operations view. Participants first learn the structure and intent of ISO 55001 and how an asset management system differs from a maintenance programme. They then develop the building blocks: a complete register, a consistent hierarchy and coding scheme, physical verification, condition and criticality scoring, and lifecycle cost analysis. The course shows how these inputs feed capital plans, maintenance strategies, replacement decisions and financial reporting for fixed assets, including depreciation, revaluation, impairment and disposal.

Delivery is workshop based. Participants apply each tool to a sample asset portfolio, then review what they would need to change in their own organisation. The week ends with an audit-style gap review against the standard and a prioritised improvement roadmap.

On completion, participants will be able to:

• Explain the purpose, principles and main clauses of ISO 55001 and related standards.
• Develop an asset management policy, objectives and strategic asset management plan.
• Build and maintain a fixed asset register with coding, tagging and verification routines.
• Assess asset condition and criticality to rank renewal and maintenance priorities.
• Calculate lifecycle costs and use them to compare investment options.
• Apply sound treatment for depreciation, impairment, revaluation and disposal of fixed assets.
• Define performance indicators and review routines for the asset management system.
• Carry out a gap assessment against ISO 55001 and prepare an improvement roadmap.

The programme is relevant to anyone who owns, records, maintains or audits physical assets, including:

• Asset managers and asset management coordinators
• Finance officers and accountants responsible for fixed assets
• Facilities, estates and maintenance managers
• Engineers and plant or fleet managers
• Internal and external auditors
• Public sector and county government asset custodians
• Utility, transport and infrastructure operators
• Procurement and stores managers handling asset acquisition
• Quality and compliance managers pursuing certification

Participants leave with:

• A structured fixed asset register layout with coding and verification steps.
• A criticality and condition scoring tool for prioritising assets.
• A lifecycle cost worksheet for comparing replace, repair and renew options.
• An outline asset management policy and strategic plan.
• A gap analysis against ISO 55001 clauses.
• A prioritised improvement roadmap for their own organisation.

The programme is workshop driven and uses a sample portfolio throughout. Activities include:

• Hands-on register building and reconciliation exercises
• Scoring condition and criticality for equipment, buildings and vehicles
• Lifecycle cost models completed in spreadsheets
• Mock audit questions against standard clauses
• Peer review of improvement roadmaps

Attendance at all sessions and completion of the exercises earns a CPD-accredited Certificate of Completion from Vision Reach Global Consultancy. It confirms the training received and does not replace formal ISO certification of an organisation.