Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course in Johannesburg, South Africa
Classroom training in Johannesburg · next cohort Nov 2, 2026 · from USD 3,400
Pumps, plant, buildings, vehicles and networks fail at the worst moment unless someone has deliberately weighed the risk of each one against its cost and value. Five days equip asset owners and engineers to do that systematically. You learn how risk sits inside an ISO 55001 management system, how ISO 31000 supplies the process, and how to rank assets by criticality so that limited maintenance and capital budgets go where they matter most.
Sessions work through risk identification, FMEA and bow-tie techniques, likelihood and consequence scales, risk registers, and treatment choices such as inspection, condition monitoring, redundancy, replacement and insurance. You also link asset risk to life-cycle costing, strategic asset management plans and fixed-asset register accuracy. The course is relevant to asset managers, maintenance and reliability engineers, facilities and estates managers, finance and internal audit staff, and public-sector asset custodians. It is offered in the classroom, online and in-house, with a CPD-accredited certificate. Participants return able to build a risk-based asset register and defend investment priorities to leadership.
At a Glance
Training in Johannesburg, South Africa
Johannesburg is South Africa's economic heart, home to the JSE and the head offices of Africa's largest companies.
More about training in Johannesburg →- Format
- Classroom, in Johannesburg
- Duration
- Mon - Fri (5 Days)
- Fee
- USD 3,400
- Next start dates
- Nov 2, 2026, Nov 30, 2026, Dec 28, 2026
- Certificate
- Certificate of Completion
- Airport
- O.R. Tambo International (JNB)
- Time zone
- South Africa Standard Time (UTC+2)
- Currency
- South African rand (ZAR). Fees are listed in USD.
- Business districts
- Sandton, Rosebank and Midrand
About this course
Organisations that depend on physical assets, from utilities and hospitals to factories and county governments, carry large exposure that rarely appears on a risk register. Equipment is run to failure, replacements are decided by whoever argues loudest, and fixed-asset registers drift away from what is actually in the field. The result is unplanned downtime, safety incidents, wasted capital and audit queries.
The Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course sets out a disciplined alternative. Participants begin with the principles of asset management and the structure of ISO 55001, then apply the ISO 31000 risk process to assets: context, identification, analysis, evaluation and treatment. Criticality assessment, failure mode analysis and condition-based thinking are used to decide where to inspect, maintain, renew or dispose. The later sessions connect risk to the asset register, life-cycle costing, performance measurement and management review.
Teaching is workshop-based. Participants use an example asset portfolio throughout, so they finish with a criticality ranking, a populated risk register and a draft treatment plan that can be adapted to their own organisation.
Training Objectives
By the end of the course, participants will be able to:
- Explain the structure of ISO 55001 and where risk management fits in an asset management system.
- Apply the ISO 31000 process to physical and fixed assets.
- Rank assets by criticality using consequence and likelihood scales.
- Use FMEA and bow-tie analysis to examine failure causes and controls.
- Select treatment options across the life cycle, from maintenance to renewal and disposal.
- Link asset risk to life-cycle costing and investment prioritisation.
- Maintain an accurate fixed-asset register that supports risk decisions.
- Report asset risk and performance to management and auditors.
What you'll learn
Key Takeaways
Participants leave with:
- A criticality ranking method that can be applied to their own asset base.
- A completed asset risk register in a reusable format.
- A one-page treatment plan linking risks to maintenance, renewal or disposal decisions.
- A gap checklist against the main clauses of ISO 55001.
- Reporting measures for presenting asset risk to executives and audit committees.
Training Methodology
The course is structured as a working clinic on asset risk. Methods include:
- Facilitator-led explanations of ISO 55001 and ISO 31000 in plain terms
- A single sample asset portfolio used across all five days
- Risk workshops covering FMEA, bow-tie and criticality scoring
- Review of participants' own asset registers and risk problems
- Templates for registers, scales and treatment plans to take away
Day 1: Asset Management and ISO 55001 Foundations
- What asset management means and why value, not ownership, is the aim
- Structure and requirements of ISO 55001
- The relationship between ISO 55000, 55001 and 55002
- Strategic asset management plans and organisational objectives
- Roles, leadership and asset information needs
- Exercise: scoping an asset portfolio
Day 2: The Risk Process Applied to Assets
- ISO 31000 principles, framework and process
- Context setting and risk criteria for assets
- Identifying asset risks across the life cycle
- Consequence and likelihood scales for safety, cost, service and reputation
- Building the asset risk register
- Exercise: identifying risks for a sample portfolio
Day 3: Criticality and Failure Analysis
- Asset criticality assessment and ranking
- Failure modes, effects and criticality analysis
- Bow-tie analysis of causes, controls and consequences
- Condition assessment and inspection regimes
- Reliability-centred maintenance concepts
- Exercise: ranking and analysing critical assets
Day 4: Treating Risk across the Life Cycle
- Treatment options: avoid, reduce, transfer, accept
- Maintenance strategies: corrective, preventive, predictive
- Renewal, replacement and disposal decisions
- Life-cycle costing and total cost of ownership
- Spares, redundancy and contingency planning
- Insurance and contractual risk transfer
Day 5: Fixed Assets, Performance and Assurance
- Fixed-asset register accuracy, verification and reconciliation
- Capitalisation, depreciation and impairment as risk signals
- Asset performance indicators and risk reporting
- Internal audit and management review of the asset system
- Continual improvement and maturity assessment
- Action plan for the participant's organisation
The course is designed for people who own, operate, finance or audit physical assets, such as:
- Asset managers and asset custodians
- Maintenance, reliability and plant engineers
- Facilities and estates managers
- Fixed-asset accountants and finance officers
- Internal auditors and risk officers
- Utility, transport and infrastructure operators
- County and public-sector asset managers
- Project and capital investment planners
A CPD-accredited Certificate of Completion, issued by Vision Reach Global Consultancy, is presented to participants who attend all sessions and take part in the practical workshops. The certificate records the topics covered over the five days.
Choose Where You Want to Learn
Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course Venues
South AfricaJohannesburgNext Nov 2· 13 dates$3,400Viewing- South AfricaPretoriaNext Nov 2· 13 dates$3,200
- South AfricaCape TownNext Oct 26· 13 dates$3,800
KenyaNairobiNext Nov 9· 13 dates$1,500- KenyaMombasaNext Oct 26· 13 dates$1,600
- KenyaNaivashaNext Nov 2· 13 dates$1,500
- KenyaKisumuNext Oct 26· 13 dates$1,500
- KenyaMachakosNext Nov 2· 13 dates$1,600
UgandaKampalaNext Nov 2· 13 dates$1,900
RwandaKigaliNext Oct 26· 13 dates$1,900
TanzaniaArushaNext Nov 9· 13 dates$1,900- TanzaniaDodomaNext Oct 26· 13 dates$1,800
- TanzaniaDar es SalaamNext Oct 26· 13 dates$2,000
- TanzaniaZanzibarNext Nov 16· 13 dates$2,600
NigeriaLagosNext Nov 16· 13 dates$2,800- NigeriaAbujaNext Nov 9· 13 dates$2,800
UAEDubaiNext Oct 26· 13 dates$3,800
GhanaAccraNext Nov 16· 13 dates$4,500
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Frequently Asked Questions About Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course in Johannesburg
Everything you need to know about this course before you register.
Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course runs as classroom training in Johannesburg, South Africa, in Monday-to-Friday cohorts that start every four weeks. The venue, daily timings and joining details are sent in your Joining Instructions email ahead of the start date.
The next Johannesburg cohort starts on November 2, 2026, and a new intake follows every four weeks. Pick a date under "Upcoming sessions in Johannesburg" above and click Register; your seat is confirmed once payment or a signed purchase order is received.
The classroom fee for Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course in Johannesburg is USD 3,400 per delegate, covering tuition and course materials. Register 3 or more delegates together and a 5% team discount is applied automatically.
Yes. Besides Johannesburg, Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course runs as classroom training in Pretoria and Cape Town. It also runs as live online training you can join from anywhere in South Africa, and in-house at your organisation's own premises.
Yes — Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course can be delivered at your offices in Johannesburg or at a venue you choose, on dates that suit your team, with case studies tailored to your sector. Message our training advisors to request a proposal.
By the end of the Risk Management for Asset Management (Fixed Assets, ISO 55001) programme, you'll be able to explain the structure of iso 55001 and where risk management fits in an asset management system, apply the iso 31000 process to physical and fixed assets, rank assets by criticality using consequence and likelihood scales, and use fmea and bow-tie analysis to examine failure causes and controls. The full breakdown of topics is covered session by session in the Course Outline tab above.
The course is designed for people who own, operate, finance or audit physical assets, such as: Asset managers and asset custodians, Maintenance, reliability and plant engineers, Facilities and estates managers, Fixed-asset accountants and finance officers, Internal auditors and risk officers, Utility, transport and infrastructure operators, County and public-sector asset managers, and Project and capital investment planners.
Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course typically runs as 5 Days. It's available as in-person classroom, live virtual, and in-house corporate training — every course can also be delivered on-site for your team on dates that suit you.
Yes — delegates who meet the attendance requirement receive a Certificate of Completion for Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course from Vision Reach Global Consultancy, issued in the name you register with, so double-check the spelling at checkout.
Risk Management for Asset Management (Fixed Assets, ISO 55001) Training Course is pitched at intermediate professionals. If you're unsure whether it's the right fit for your current role or background, message our training advisors before you register and they'll help you confirm.
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