This training course is suitable for a wide range of professionals but will greatly benefit professionals in different branches who are involved in any aspect of asset management. The training is specifically designed for those professionals who want to understand, implement and improve the latest asset management concepts, processes and possibilities:

• Project, Design & Maintenance Management
• Maintenance & Reliability Engineering
• Operations
• Technical & Quality Support
• Consulting

Asset management is vitally important for all capital-intensive industries which rely on cost effective and trouble-free operation of their plant and equipment. Getting the right dialogue taking place between cross functional groups such as new project, commissioning, operation & maintenance is necessary so that joined up thinking takes place and the life cycle costs of assets are minimized. This intensive asset management training course will help to give focus on the drive to improve management practices by presenting standards, methodologies and guidance how to set up good asset management. This training course will feature how the international standard on Asset Management, ISO55000, can be used to implement the best and latest practices.

At the end of this training course, delegates will be able to make a substantial, positive impact on the asset management best practices within their organization, specifically:

• Provide a step-by-step guide to Asset Management best practices (as part of ISO 55000)
• Understand best practice techniques for achieving effective asset management
• Discuss & learn the practical application of these best practices, through case studies & exercises
• Understand the range of technical & human risks associated with asset management & how they can be mitigated
• Develop an action plan to utilize these technologies in their own areas of responsibility, fitting them into the overall asset management strategy, and measuring benefits

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. It is composed in such a way that it can be held for all professionals involved in managing or implementing asset management processes. It is conducted along course principles with formal lectures and many interactive exercises. Relevant case studies illustrate the application of each subject in an operations environment and each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.

Day One: Principals of Asset Management

• Asset Management as a business process
• Asset Management scope & definitions
• Asset Management strategy & planning
• Asset Management roles
• ISO 550000 – the international standard on Asset Managemen

Day Two: Assessing & Managing Asset Management Risks

• Risk in Asset Management
• Risk on business level
• Stakeholder risks
• Risk on asset level – Risk Based Maintenance

Day Three: Asset Management Policy, Strategy and Planning

• Asset Management Policy
• Developing (Strategic) Asset Management Plan(s)
• Implementing (Strategic) Asset Management Plan(s)
• Long Term Maintenance & Investment Planning
• Information and configuration management

Day Four: Managing Asset Lifecycle Decisions & Activities

• Life cycle of assets and its aspects
• Systems Engineering & RAMS (Reliability Availability Maintainability Safety)
• Renewal, disposal and lifetime extension decisions
• Sourcing

Day Five: Financial & Business Impact of Asset Management

• Financial Management – basics
• Life Cycle Costing
• The business case for Asset Management
• Wrap-up