Facility Asset Management is the structured process of planning, acquiring, operating, and maintaining building assets to maximize their value over their entire service life. Rather than managing equipment and infrastructure in isolation, effective asset management connects day-to-day operations with long-term financial and performance goals — helping organizations make better decisions about where to invest, repair, or replace.

As facilities portfolios grow larger and more complex, aligning maintenance decisions with organizational strategy and international standards such as ISO 55001 has become increasingly important. To build this capability, the Asset Management for Facilities Managers training course, offered by The British Academy for Training and Development, equips facilities professionals with the frameworks and tools needed to manage assets strategically, from lifecycle costing to performance monitoring.

Through a practical, standards-based approach, participants learn how to evaluate asset performance, develop sound maintenance strategy decisions, and build asset management practices that support long-term facility value.

By the end of this course, participants will be able to:

• Understand the core principles of Facility Asset Management and its role within organizational strategy.
• Apply the framework and requirements of ISO 55001 to facilities asset management practices.
• Use lifecycle costing to evaluate acquisition, operation, and disposal decisions.
• Monitor and interpret asset performance data to support informed decision-making.
• Develop a maintenance strategy aligned with asset criticality and organizational risk tolerance.
• Build asset registers and classification systems that support planning and reporting.
• Communicate asset management priorities effectively to stakeholders and senior management.

Target Group

• Facilities managers and asset managers
• Maintenance and operations managers
• Asset and reliability engineers
• Facilities directors responsible for portfolio-level decisions
• Professionals preparing for ISO 55001-aligned asset management roles

Introduction to Facility Asset Management

• Defining asset management and its value to facilities operations
• The relationship between asset management and organizational strategy
• Key roles and responsibilities in the asset management process

ISO 55001 and Asset Management Frameworks

• Overview of the ISO 55001 standard and its core requirements
• Building an asset management policy and strategic asset management plan
• Aligning asset management practices with organizational objectives

Lifecycle Costing

• Principles of whole-life and lifecycle costing
• Evaluating total cost of ownership for facilities assets
• Using lifecycle cost data to support investment and replacement decisions

Asset Performance Monitoring

• Key performance indicators for tracking asset condition and performance
• Using performance data to identify underperforming assets
• Reporting asset performance to support strategic decision-making

Maintenance Strategy and Asset Criticality

• Aligning maintenance strategy with asset criticality and risk
• Balancing preventive, predictive, and corrective maintenance approaches
• Integrating maintenance planning with asset management goals

Asset Registers, Planning, and Reporting

• Building and maintaining accurate asset registers
• Classifying assets to support planning and budgeting
• Communicating asset management outcomes to stakeholders