Asset Management for Engineering Teams

Engineering context

Physical assets don’t last forever and organisations, naturally, seek to derive the most out of these resources during their life cycles. Careful and professional management of these assets is critical for any business, and in the case of physical assets, engineering teams play an essential role in that management.

ISO 55001, an internationally recognised standard in asset management, published in January 2014, places formalised requirements on such teams. It demands that they demonstrate, via independent audit, that they have a management system in place to assure a balance of performance, cost and risk necessary, to achieve required business value from their assets.

This two-day course brings you up to speed with ISO 55001 and gives you the skills and knowledge to master the complex art - or perhaps science - of asset management.

You’ll learn how to set asset management objectives, policies and models; identify the asset life cycle phases; align asset management with business objectives, determine routine maintenance process, decisions, schedules and tasks; apply systems engineering techniques using ISO 15288 as a guide and much more. Please refer to the course in detail section below for full course details.

Download the course Technical Flyer for more details.

Registration closes

Registration for this course closes two weeks before the scheduled date.

Build your Chartered competencies

This training course builds skills and knowledge in the following Engineers Australia Chartered status competencies*:

 4. Develop safe and sustainable solutions
 6. Identify, assess and manage risks
13. Local engineering knowledge
14. Problem analysis
16. Evaluation

Learn more about Chartered Status.

*Completing this course does not automatically guarantee a competency, it provides participants with the underpinning knowledge required to develop specific Chartered competencies.

Important notice about Public Sessions

Public sessions for this course are temporarily postponed due to community concerns around COVID19. To be notified when courses are running and registrations are open again, please complete the ‘Enquire now’ form below or email us:  

Our Tailored Training services for corporate clients, online courses and qualifications are continuing as normal.

Asset Management for Engineering Teams


"One of the best courses I've done so far. [The facilitator's] abundant experience in various industries and academic excellence make this course very interesting and useful." - Dalong, 2019

"The course provides a good overview of Asset Management and for me personally, really improved my understanding of configuration management." - Daniel, 2019

"Going through the REM sections was most useful. It was very helpful for what I am trying to implement at my company." - Jonathan, 2019

"The real world application case studies and learning materials were very valuable." - Chris, 2019

Book a Public Session
Request In-house    
Enquire now
$ 1,570.00 - Non-member
$ 1,334.50 - EA member

For postal registrations, please download the pdf version of our registration form here.
If you are unable to attend the above dates, please contact to discuss upcoming dates.

We can bring this course direct to you and your organisation. For groups of six or more we provide cost-effective, customised and outcome-focused in-house training.

Find out more about how we can help you and your team by completing an enquiry form or calling us on +61 3 9321 1700.

Is this course for you?

This course is particularly useful for concept developers, feasibility analysts, design and verification personnel, builders and installers, operations personnel, those involved in maintenance, renewal, alternations, decommissioning, and disposal.

Your facilitator for this course

James (Jim) Kennedy CPEng, CAFM, CAMA is the Director at Interlogis Consulting Pty Ltd. He is a Mechanical Engineer with postgraduate qualifications in Risk Management and in Maintenance Engineering and Management from Swinburne University in Melbourne. He has over 45 years of experience in maintenance and asset management in the aerospace, rail, power, water and defence industries.

For the last 25 years Jim has been directly involved in asset management activities. Jim’s 25-year history with the Asset Management Council and its predecessors was recognised in 2004 when he was awarded the prestigious MESA Medal. Jim currently occupies the role of Sensei in the Asset Management Council.

More Information

Full Course Outline