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21 - TTC - Transportation and Traffic Control

TTC 130 - ISO 55001 Asset Management Applications in Railway Environment

Code Start Date Duration Venue
TTC 130 22 July 2024 5 Days Istanbul Registration Form Link
TTC 130 26 August 2024 5 Days Istanbul Registration Form Link
TTC 130 30 September 2024 5 Days Istanbul Registration Form Link
TTC 130 04 November 2024 5 Days Istanbul Registration Form Link
TTC 130 09 December 2024 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

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.

In the Rail Industry, passenger traffic and freight movement is increasing due to convenience, comfort and value for money, thus making Rail an attractive means of transportation. If this progress is to be sustained focus must be on the Rail Assets. Asset Management activities enable us to deliver planned or expected results against planned and expected costs. Results not only from a financial perspective but also from other perspectives, like availability, safety, etc. In this course, participants will learn about the benefits of ISO 55001, the Asset Management (AM) structure offering practical tips on how to handle an audit session that apply to railway construction environment. 

Course Objectives

  • Providing background knowledge on ISO 55001
  • Understanding the benefits of implementing ISO 55001
  • Learning the ISO 55001 requirements
  • Understanding asset management enablers and controls
  • Learning the implementation and integration methods of ISO 55001 in the railway industry sector 
  • Gathering useful tips on handling an audit session

Who Should Attend?

  • System Managers
  • Operations and Maintenance Managers
  • Risk Managers
  • Staff from public transport operators
  • Anyone who require a practical understanding of ISO 55001

Course Details/Schedule

Day 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 Asset Management Maturity
  • The ISO 55000 Family
  • Objectives of ISO 55001

Day 2

  • What is an Asset?
  • Examples of Assets and its application in railway industry 
  • Value Destruction is Caused by Poor Asset Management Practices
  • What is Asset Management?
  • Fundamentals of Asset Management
  • Relationship Between Asset Management & Asset Management System
  • Asset Management Principles
  • Some Core Concepts of ISO 55001
  • Relationship Between ISO 55001 & International Infrastructure Management Manual (IIMM)
  • Benefits of Adopting ISO 55001

Day 3

  • ISO 55001 Structure
  • Annex SL - Implications
  • Overview of Annex SL
  • 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

Day 4

  • ISO 55001 Clause Structure (4-10)
  • Context of the Organization
  • Leadership
  • Planning
  • Support
  • Operation
  • Performance Evaluation
  • Improvement

Day 5

  • ISO 55001 best practices in railway industry 
  • Risk management 
  • Audit 
  • Key Performance Indicators (KPI) 
  • Create an ISO55001 action plan
  • Corrective actions
  • Implementation 
  • Case studies from the railway sector