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  1. Provides a tool for creating awareness among your employees to realize increased value from your assets.
  2. Provides a framework for improving financial performance through optimal balance between costs, risks and performance.
  3. Provides guidelines and practical tips for handling an audit session.


ISO 55001:2014 is the latest Asset Management (AM) international standard. The ISO 55001 management system provides a framework to establish asset management policies, objectives, processes and governance, and facilitates an organization's achievement of its strategic goals. ISO 55001 utilizes a structured, effective and efficient process that drives continual improvement and ongoing value creation by managing asset-related cost, risk and performance.

The benefits of implementing the ISO 55001 framework include the realization of increased value from assets, improved financial performance and improved organizational sustainability.

This presentation can be used to brief staff, new hires and potential auditees so as to create awareness of the ISO 55001:2014 standard. Alternatively, the presentation may be used to supplement your materials for the training of Asset Management professionals and internal auditors.

This presentation includes the what and benefits of ISO 55001, the AM structure, the certification process and offers practical tips on how to handle an audit session.


1. Provide background knowledge on ISO 55001
2. Gain an overview of ISO 55001 structure and the certification process
3. Gather useful tips on handling an audit session


1. Introduction to ISO 55001
About ISO
What are Standards?
What Standards are Not
Why are Standards Important?
What is ISO 55000?
The Journey to AM Maturity
The ISO 55000 Family
Objectives of ISO 55001
What is an Asset?
Examples of Assets
Value Destruction is Caused by Poor Asset Management Practices
What is Asset Management?
Fundamentals of Asset Management
Relationship Between Asset Management & Asset Management System
3 Principles of Asset Management
Asset Management Principles
Some Core Concepts of ISO 55001
Relationship Between ISO 55001 & International Infrastructure Management Manual (IIMM)
Benefits of Adopting ISO 55001
Advantages of Certification

2. ISO 55001 Structure
Annex L - Implications
Overview of Annex L
The ISO 55001 High-Level Structure (HLS)
The Plan-Do-Check-Act (PDCA) Process Model
ISO 55001 Approach is Based on the PDCA Cycle
PDCA and ISO 55001 Clause Structure
ISO 55001 Key Clause Structure (4-10)
•  Context of the Organization
•  Leadership
•  Planning
•  Support
•  Operation
•  Performance Evaluation
•  Improvement

3. ISO 55001 Certification
ISO 55001:2014 Certification Timeline
Becoming ISO 55001 Registered
The ISO 55001 Certification Process
Audit Findings

4. Handling the Audit Session
Rights of Auditee
Rights of Auditor
How to Handle the Audit Session?
Auditee's Conduct

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Source: ISO 55001:2014 (Asset Management) Awareness Training PowerPoint document

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ISO 55001:2014 (Asset Management) Awareness Training

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File Type: PowerPoint (pptx)

File Size: 19.2 MB

Number of Slides: 60 (includes cover, transition slides)

Related Topic(s): Enterprise Asset Management

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Initial upload date (first version): Aug 20, 2019
Most recent version published: Dec 19, 2021

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