Strategic Facility Asset Management: ISO 55001, Lifecycle Costing and Long-Term Value Training Course
1Summary
A building's roof, chillers and lifts are worth millions collectively — yet many facilities teams still manage them reactively, replacing assets only after they fail. The Strategic Facility Asset Management Training Course by Arab British Fellowship Training Academy, part of our Training Courses In Facilities Management, gives professionals the tools to plan, monitor and optimise physical assets across their full lifecycle instead of reacting to breakdowns.
Within this Management category course, delegates work with ISO 55001, lifecycle costing and asset performance measurement to build asset management frameworks that raise building performance, manage risk, and support long-term, evidence-based investment decisions.
2Objectives and target group
By the end of this course, participants will be able to:
- Apply Facility Asset Management principles, using ISO 55001 to structure asset management systems and governance.
- Use lifecycle costing to guide maintenance, replacement and investment decisions.
- Measure and monitor asset performance, reliability and availability through KPIs.
- Design maintenance strategy approaches — preventive, predictive and condition-based — that raise reliability and cut downtime.
- Apply risk-based methods to manage building assets and infrastructure.
- Use digital tools and asset data to support better facilities decision-making.
- Align asset management objectives with organisational goals and long-term facilities planning.
Target Audience
- Facilities and Asset Managers responsible for building operations and infrastructure.
- Maintenance and Engineering Managers developing maintenance strategy frameworks.
- Property and Operations Managers overseeing building performance and lifecycle planning.
- Project Managers managing asset upgrades and renewal programmes.
- Professionals seeking advanced knowledge of Facility Asset Management.
3Course Content
Module 1: Why Asset Value Starts With How You Manage It
- The link between asset value, operational efficiency and business performance.
- Key responsibilities of facilities managers in managing physical assets.
- Asset management challenges in commercial and industrial buildings.
Module 2: ISO 55001 and Building a Structured Asset Management System
- ISO 55001 requirements and governance frameworks.
- Policies, objectives and aligning asset strategy with organisational goals.
- Continuous improvement in asset management systems.
Module 3: Lifecycle Costing and Investment Decisions
- Asset lifecycle stages from acquisition to disposal.
- Applying lifecycle costing for financial planning.
- Evaluating maintenance, replacement and renewal decisions.
Module 4: Measuring and Monitoring Asset Performance
- KPIs for asset performance, reliability and availability.
- Developing performance evaluation systems.
- Using performance data for informed decisions.
Module 5: Maintenance Strategy and Risk-Based Asset Management
- Building effective maintenance strategy frameworks.
- Preventive, predictive and condition-based approaches.
- Identifying risks and protecting asset value.
Module 6: Digital Tools and Data-Driven Decision-Making
- Asset information systems and digital monitoring.
- Data collection and analysis for facilities decisions.
- Improving asset visibility through technology.
Module 7: Strategic Asset Management for Future-Ready Facilities
- Long-term asset management strategy.
- Integrating sustainability with asset management.
- Continuous improvement plans for asset performance.