ISO 55000 - Asset Management International Standard

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Upcoming Course

Code Start Date End Date Location Cost Instructor Register
PST0405-201901  15 Jul 2019  17 Jul 2019  Bangkok, Thailand  USD 2450  Ahmed D., PHD, CMRP, CRE, PE.   Register
PST0405-201902  04 Sep 2019  06 Sep 2019  Bandung, Indonesia  USD 2450  Ahmed D., PHD, CMRP, CRE, PE.   Register
PST0405-201903  02 Dec 2019  04 Dec 2019  Kuala Lumpur, Malaysia  USD 2450  Ahmed D., PHD, CMRP, CRE, PE.   Register

Past Course

Code Start Date End Date Location Cost Instructor Register
        Aaron A. Zick, Ph.D. 
PST0405-201701  20 Nov 2017  22 Nov 2017  Kuala Lumpur, Malaysia  SGD 2995  Ahmed D., PHD, CMRP, CRE, PE. 
PST0405-201801  11 Jun 2018  13 Jun 2018  Bangkok, Thailand  SGD 2995  Ahmed D., PHD, CMRP, CRE, PE. 
PST0405-201802  05 Sep 2018  07 Sep 2018  Kuala Lumpur, Malaysia  SGD 2995  Ahmed D., PHD, CMRP, CRE, PE. 

Asset management has historically been viewed from a financial perspective only. Industrial professionals from both the operations and maintenance disciplines have developed the new asset management international standard (ISO 55000) to better reflect the broader sense of asset management which includes human assets, physical assets, and other non-tangible assets that together form the organization and have not been formally utilized to their potential and or optimized to deliver the highest yield at the lowest possible cost to the organization.

This workshop is an introductory workshop to the new international standard ISO 55000, 1, 2 which is aimed at bringing awareness of the standard, its elements, implementation and benefits within the organization. The workshop also covers the integration between asset integrity management (AIMS) elements and the strategic asset management plan (SAMP) as defined in ISO 55000.


Day 1 :

  • Introduction
  • Definition of assets, asset management and asset management systems (ISO 55000:2014)
  • Tools used in asset management and the relation with asset integrity management
    • RCM
    • RBI
    • CMS
    • MoC
    • Culture change
    • RCA
    • CSMMS
    • IPF
    • Action
  • Understanding the Strategic asset management plan (SAMP)
  • Case Study - Understanding your assets and asset portfolio and determining the risk associated to operation

Day 2 :

  • Understanding the use of asset management and asset integrity management tools
    • Criticality and Risk
    • Risk Associated to production
    • Risk associated to maintenance or lack there of
    • Risk associated to health safety and 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 cost
    • Maintenance Strategy tools
    • Balancing activities, needs and cost
    • Operation demand and maintenance requirements – finding the balance
    • People skills and skill management programs
  • Case Study - Developing a Strategic Asset Management Plan (SAMP) to manage your asset portfolio risk

Day 3 :

  • 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

This course will objectives as follows:

  • Attendees will learn how to develop and implement a strategic asset management plan successfully
  • Understand the tools involved in industrial asset management
  • Develop the necessary skills to successfully analyze and determine specific asset requirements in light of business goals
  • Understand and learn about the international standard ISO 55000:2014 and its practical implementation
  • Integrating Asset Integrity Management tools (RCM, RBI, CMS, MoC, Culture change, RCA, CSMMS, IPF, Action tracking and KPIs) into the SAMP

This course specially designed for the following disciplines:

  • Maintenance and Operations Managers
  • Engineering Managers
  • Maintenance Planning Managers
  • Asset Management Professionals

Each attendee must bring a Laptop Computer with Microsoft Operating System and Scientific Calculator

Aaron A. Zick, Ph.D.

Founder and President


President, Zick Technologies (Since 10/93).

Petroleum engineering consulting and software development, specializing in the area of reservoir fluid phase behavior modeling. References available on request. Key achievements:

-Developed numerous equation-of-state and black-oil fluid characterizations for various major oil companies and as a sub-contractor for Pera A/S.

-Recommended phase behavior experimentation and modeling guidelines for several major oil companies.

-Wrote PhazeComp, a new, state-of-the-art program from Zick Technologies for equation-of-state phase behavior modeling, reservoir fluid characterization, and the robust, efficient calculation of minimum miscibility conditions.

-Wrote Streamz, unique Petrostreamz A/S software for translating, manipulating, and managing vast quantities of fluid stream information.

-Designed and helped write Pipe-It, unique Petrostreamz A/S software for managing and manipulating petroleum resources, processes, and projects.

-Taught numerous industry courses on phase behavior, equations of state, reservoir fluid characterization, and miscible gas injection processes.

-Designed and helped implement a new set of equation-of-state routines for the in-house reservoir simulator of a major oil company.

-Advised the architects of a major commercial reservoir simulator on ways to significantly improve their equation-of-state routines.


Director of Research, Reservoir Simulation Research Corporation (6/91–10/93).

Responsible for the research and development of more efficient, accurate, and reliable techniques for modeling reservoir fluid phase behavior within MORE® (a fully-compositional, equation-of-state reservoir simulator). Also responsible for improving three-dimensional visualization of reservoir simulator output, and for occasional consulting work. Key achievements:

-Designed and implemented new equation-of-state solution algorithms for MORE®, improving both efficiency and robustness while using less memory.

-Developed a powerful and flexible interface between MORE® and TECPLOT™ (three-dimensional surface contouring software from AMTEC Engineering).


Senior Principal Research Engineer, ARCO Oil and Gas Company (9/83–5/91).

Developed expertise in reservoir fluid phase behavior, phase behavior modeling, compositional reservoir simulation, and relative permeability modeling.  Designed and analyzed PVT experiments. Created equation-of-state reservoir fluid characterizations. Developed ARCO’s phase behavior modeling software and relative permeability modeling software. Helped develop several of ARCO’s compositional and limited compositional reservoir simulators. Key achievements:

-Discovered the true, condensing/vaporizing mechanism of oil displace­ment by enriched hydrocarbon gases.

-Represented ARCO on the Prudhoe Bay co-owners’ Enhanced Oil Recovery Task Force for the Prudhoe Bay Miscible Gas Project.

-Designed and analyzed most of the PVT and slim-tube experiments for the Prudhoe Bay Miscible Gas Project.

-Created the equation-of-state reservoir fluid characterization adopted by the operating companies for the Prudhoe Bay Miscible Gas Project.

-Developed the miscibility pressure correlations used by the facility operators for the Prudhoe Bay Miscible Gas Project.

-Developed EOSPHASE, a then state-of-the-art program for equation-of-state phase behavior modeling, reservoir fluid characterization, and the robust, efficient calculation of minimum miscibility conditions.

-Developed SLIMTUBE, a special-purpose, equation-of-state simulator for slim-tube displacements.

-Developed new, compositionally-consistent, three-phase relative perme­ability models for ARCO’s compositional simulators and wrote data-fitting software for those models.

-Developed the phase behavior and relative permeability routines for a new, limited compositional reservoir simulator and assisted on other aspects of it.

-Continually added improvements to various in-house reservoir simulators.

-Regularly taught in-house courses on the phase behavior of miscible gas displacement processes.



A. A. Zick, “A Combined Condensing/Vaporizing Mechanism in the Displacement of Oil by Enriched Gases,” presented at the 61st Annual Technical Conference and Exhibition of the Society of Petroleum Engineers, New Orleans, LA (October, 1986).

D. E. Tang and A. A. Zick, “A New Limited Compositional Reservoir Simulator,” presented at the 12th SPE Symposium on Reservoir Simulation, New Orleans, LA (March, 1993).