Organisations that cannot account for their assets carry hidden risks: unreported losses, unplanned breakdowns, under-used equipment, audit qualifications and capital budgets that bear little relation to real needs. Public bodies and donors increasingly expect clear asset registers and evidence that investment decisions are based on condition, risk and value over the whole life of an asset. ISO 55001 gives a recognised framework for meeting those expectations.

This ten-day programme guides participants through the whole journey, from establishing a reliable asset register to running a certified-style asset management system. The first five days concentrate on the foundations: identifying and classifying assets, recording them correctly in a fixed asset register, applying capitalisation, depreciation, revaluation and impairment rules, verifying existence and condition, and controlling transfers and disposals. Participants also examine the policy, objectives and organisational context that underpin an asset management system.

The second five days move into planning and implementation. Topics include criticality and risk-based prioritisation, condition and performance assessment, lifecycle cost analysis, maintenance strategy, renewal and capital investment planning, data systems, performance monitoring, internal audit and continual improvement. Throughout, participants apply each tool to their own asset base, and the programme closes with a project that produces a gap analysis and an implementation roadmap ready for management review.

On completing the programme, participants will be able to:

• Distinguish asset management from maintenance and accounting and explain how they connect.
• Build, clean and reconcile a fixed asset register to the general ledger.
• Apply capitalisation, depreciation, revaluation and impairment principles to different asset classes.
• Explain the requirements of ISO 55001 and how they translate into policies and procedures.
• Assess asset criticality, risk and condition to prioritise attention and funding.
• Prepare lifecycle cost analyses to compare acquisition, operation and replacement options.
• Develop maintenance and renewal plans based on reliability and risk.
• Prepare a gap analysis and implementation roadmap for an asset management system.

The programme is intended for professionals who own, account for, operate or oversee physical assets, including:

• Asset managers and asset management planners
• Finance, accounting and fixed asset officers
• Engineers and maintenance and reliability managers
• Facilities, estates and property managers
• Stores, procurement and inventory managers
• Internal and external auditors
• Heads of utilities, hospitals, schools and universities
• Fleet and transport managers
• County and ministry planning and works officers
• Quality managers leading ISO programmes

Participants complete the programme with the following in hand:

• A structured fixed asset register template with required data fields and tagging rules.
• A verification plan and reconciliation workpaper.
• A criticality and risk ranking model for their own assets.
• A lifecycle cost model for a replacement decision.
• A draft asset management policy, objectives and plan outline.
• A completed ISO 55001 gap analysis with an implementation roadmap.

The ten days combine technical instruction with building real tools on participants' own data. The delivery includes:

• Spreadsheet labs for registers, depreciation, criticality and lifecycle cost models
• Worked cases from utilities, health facilities, fleets and public buildings
• Practical verification and reconciliation exercises
• Clause-by-clause workshops on ISO 55001 requirements
• A closing project with feedback from facilitators and peers

Participants who attend the ten days and complete the labs and the implementation project receive a CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy. The certificate records training only and is not an ISO certification of any organisation.