Asset management plays a crucial role in ensuring the efficiency, safety, and reliability of operations in high-risk industries. As a risk mitigation  In this article, we will explore the importance of asset management training and its significance in optimizing the performance of critical infrastructure.

What Is Asset Management?

Asset management, which considers the entire lifecycle of plant assets, such as equipment, parts, production lines, and the plant buildings themselves, refers to the process of effectively controlling and maintaining all the equipment, machinery, and resources used in production. It involves tasks like keeping track of inventory, scheduling maintenance, and ensuring that equipment operates smoothly to maximize efficiency and minimize downtime. Essentially, it’s about taking care of everything to keep running smoothly, from the machines on the floor to the tools in the toolbox.

How To Learn About Asset Management?

To learn about asset management, especially in high-risk industries like oil and gas, petrochemical, and energy, you should consider formal education or training programs. These industries involve complex systems and processes, and learning from experienced professionals or through structured courses can provide you with the necessary knowledge and skills.

Start looking for universities or training institution like PetroSync that offer courses or degrees in asset management, engineering, or related fields. These programs often cover topics such as risk management, financial analysis, maintenance strategies, and regulatory compliance specific to high-risk industries.

It is important to recognize that learning about asset management in high-risk industries requires a thorough understanding of the complexities and potential consequences involved.

Self-learning may not provide you with the depth of knowledge and expertise needed to effectively manage assets in these environments. Therefore, investing in proper training is essential to ensure you have the skills and competence to navigate the challenges of asset management in these industries.

What Are The Standards Regulating Asset Management?

The primary standard regulating asset management is ISO 55000. This international standard provides guidelines and best practices for managing assets effectively and efficiently. It covers various aspects of asset management, including the strategic, tactical, and operational levels.

ISO 55000 emphasizes the importance of aligning asset management with organizational objectives, ensuring the proper governance and risk management of assets, and optimizing asset performance throughout their lifecycle.

In addition to ISO 55000, there may be industry-specific standards and regulations that organizations need to comply with, depending on the nature of their assets and operations. These standards often focus on safety, environmental protection, quality management, and other relevant factors.

What Is Asset Management Training?

ISO 55000 – Asset Management Training is a program designed to help individuals understand and implement the principles outlined in the ISO 55000 standard. This training covers various aspects of asset management, including strategic planning, risk management, lifecycle management, and performance optimization.

During the training, you will learn about the key concepts and requirements of ISO 55000, as well as how to apply them in real-world scenarios. The training typically includes case studies, practical exercises, and discussions to reinforce learning and facilitate knowledge transfer.

By completing ISO 55000 – Asset Management Training, you will gain the knowledge and skills necessary to develop and maintain effective asset management practices within your organization. This can lead to improved asset performance, increased reliability, and better alignment with organizational goals and objectives.

What Are PetroSync ISO 55000 Training Details?

PetroSync’s ISO 55000 Training focuses on providing you with a comprehensive understanding of the ISO 55000 standard and its application in asset management. The course covers key topics such as asset lifecycle management, risk management, performance optimization, and aligning asset management with organizational objectives.

ISO 55000 – Asset Management

Registration Fee USD 2995
Duration 3 Days
Available Date
  • Kuala Lumpur, Malaysia on 05 – 07 August 2024
  • Bandung, Indonesia on 07 – 09 October 2023
Instructor Ahmed D., PHD, CMRP, CRE, PE.

How Is The Outline of PetroSync ISO 55000 Training?

Day 1 of ISO 55000 Training

Definition of assets, asset management, and asset management systems (ISO 55000:2014)
Tools used in asset management and the relation with asset integrity management:

Understanding the Strategic asset management plan (SAMP)
Case Study – Understanding your assets and asset portfolio and determining the risk associated with the operation

Day 2 of ISO 55000 Training

Understanding the use of asset management and asset integrity management tools:

  • Criticality and Risk
  • Risks Associated with Production
  • The risk associated with maintenance or lack thereof
  • Risks associated with health safety and the environment
  • Developing a risk matrix (Probability, Consequence, and Detectability)
Developing a successful strategic asset management plan based on identified risks and needs of individual

  • Identifying business goals and aligning activities
  • Lifecycle costing
  • Maintenance Strategy tools
  • Balancing activities, needs, and cost
  • Operation demand and maintenance requirements – finding the balance
  • People skills and skill management programs

Day 3 of ISO 55000 Training

Successful implementation of strategic asset management plans:

  • Task Development
  • Detailed task writing
  • Developing your CMMS system
  • Inspection programs and operator-driven reliability
Pitfalls that should be avoided

  • Overdoing it with tasks
  • KPIs that make sense
  • Balanced score cards
  • Updating studies and continuous improvement
Final notes on techniques and technologies

  • Tools and techniques to simplify inspection
  • Tools and techniques to build a visual inspection program
  • Skills matrices and successful implementation and integration
Case study – Implementing your SAMP successfully and following up on your implementation


If you’re looking to elevate your expertise in asset management and enhance your organization’s performance, PetroSync’s ISO 55000 training is the perfect opportunity for you. Through a comprehensive curriculum spanning three days, you’ll delve deep into the principles and practices outlined in the ISO 55000 standard, specifically tailored to the unique challenges and requirements of industries like oil and gas, petrochemicals, and energy.

By enrolling in PetroSync’s training program, you will gain invaluable insights into critical topics such as risk management, asset lifecycle optimization, maintenance strategies, and aligning asset management with organizational goals. Our experienced instructor will guide you through real-world case studies and practical exercises, ensuring that you not only understand the concepts but can also apply them effectively in your day-to-day work.

Credit header image: Vecteezy

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