Participants from organizations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance, will benefit most from this course. This course is suitable for engineering and technical managers, project managers and project engineers, operations managers, maintenance managers, procurement and supply chain managers.

The management of engineering assets is rapidly evolving into a recognised discipline. The vast majority of engineers around the world are involved in managing engineering assets. Every day decisions are made that affect the lifecycle cost of a company’s highly valued assets and there are increasing expectations to demonstrate competency and transparency in these decisions.

Engineering Asset Management course has been designed by experts to draw on evolving International Standards and best practice and equip engineering professionals with the advanced skills necessary to manage property, infrastructure, facilities, physical equipment and other assets through their life cycle – ensuring they are maintained properly, that new assets are integrated successfully into existing systems, and that these assets continue to generate value throughout their life.

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

• Contribute to the generation and implementation of AM policy, strategy, objectives and plans within their organizations
• Participate in asset-related risk identification, analysis, management processes, and contingency planning
• Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk and cost of assets
• Identify the information and performance measures needed for effective asset management, and evaluate the impact of asset information systems

Module One – Introduction and overview of Asset Management (AM)

• Introduction to AM
• International Standards – ISO 55001
• Overview of good practice
• Organizational context and stakeholder needs
• Converting business plans to asset plans
• The strategic AM plan

Module Two – The Asset Lifecycle

• Introducing the Asset Lifecycle
• Design and acquisition
• Commissioning and handover
• A Strategic approach to operations and maintenance

Module Three – Planning, Risk management, and Decision making

• Delivering plans
• Managing resources and change
• Outsourcing and supply chain management
• Contingency planning
• Value and risk-informed decision making

Module Four - Asset Management Enablers

• Asset information – Overview
• Asset data – Fundamentals
• Dynamic data - Condition and performance
• Collecting and using tacit information
• Information systems – Introduction and overview

Module Five – Evaluation and continual improvement

• Successful changing organizations
• Communication and culture change
• Performance evaluation