A chiller fails two years before its rated lifespan, and nobody can say for sure whether that was bad luck, deferred maintenance, or a decision nobody documented. That's the gap Facility Asset Management exists to close: turning scattered maintenance records and gut-feel replacement decisions into a disciplined process for planning, acquiring, operating, and eventually retiring building assets — one that protects value instead of just reacting to breakdowns.

The Asset Management for Facilities Managers training course, delivered by Arab British Fellowship Training Academy, is built around that discipline. Participants work with the ISO 55001 framework as a decision tool rather than paperwork, learn to read asset performance data before small issues become expensive ones, and use lifecycle costing to justify repair, refurbishment, or replacement with numbers instead of assumptions.

Who Should Attend?

• Facilities and asset managers accountable for portfolio performance
• Maintenance and operations leads who turn strategy into daily upkeep
• Asset and reliability engineers
• Professionals preparing for ISO 55001-aligned asset management roles

What You'll Gain

• Read asset performance data to catch problems before they escalate
• Apply ISO 55001 principles to build a working asset management policy
• Use lifecycle costing to justify investment, repair, or replacement decisions
• Set maintenance priorities based on asset criticality and risk, not habit
• Build and maintain asset registers that genuinely support planning
• Present asset management priorities in terms leadership acts on

Module 1: Why Asset Decisions Make or Break Facility Budgets

• How unmanaged assets quietly drain maintenance and capital budgets
• Connecting day-to-day asset decisions to organizational strategy and risk
• Roles and ownership across the asset management process

Module 2: Reading Performance Signals Before They Become Failures

• Key indicators for tracking asset condition and performance
• Identifying underperforming assets from operational data
• Reporting performance in ways that support strategic decisions

Module 3: Costing the Full Life of an Asset

• Principles of whole-life and lifecycle costing
• Evaluating total cost of ownership across acquisition, operation, and disposal
• Using cost data to compare investment, repair, and replacement options

Module 4: Building a Risk-Based Maintenance Strategy Under ISO 55001

• Core requirements of ISO 55001 and what an asset management policy needs
• Aligning maintenance strategy with asset criticality and organizational risk
• Balancing preventive, predictive, and corrective maintenance within that policy

Module 5: Registers, Reporting and Getting Buy-In from Leadership

• Building and maintaining accurate, classified asset registers
• Structuring reports that link asset data to budget and planning decisions
• Communicating asset management priorities to stakeholders and senior management