Asset Management

What are the Goals?

At the end of this Asset Management training course, you will learn to:

• Explain what Asset Management is and how it can contribute to the realization of the corporate strategy of your organization
• Understand the content and value of ISO 55000, the international standard on Asset Management
• Apply ‘Good Asset Management Practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
• Assess the current state of Asset Management best practices

Who is this Training Course for?

This Asset Management training course is suitable to a wide range of professionals, but will greatly benefit:

• All professionals involved in managing or participating in Asset Management and Facilities Management processes, including all staff in the Asset Management & Maintenance department, Facilities Management, Building Maintenance, IT, Operations and Finance
• Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of their organizations

Daily Agenda

Day 1: Principals of Asset Management

• Asset Management as a Business Process
• Asset Management Scope & Definitions
• Asset Management Conceptual Model
• Asset Management Strategy & Planning
• Asset Management Roles - about roles, expectations and responsibilities
• ISO 550000 – The International Standard on Asset Management
• Certification Procedure

Day 2: Assessing & Managing Asset Management Risks

• Identification and Assessment of Risk
• Risk in Asset Management
• Significance of Risk
• Risk on Business Level
• Stakeholder Risks
• Risk on Asset Level

Day 3: 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 4: Managing Asset Lifecycle Decisions & Activities

• Life Cycle of Assets and its Aspect
• Systems Engineering
• RAMS Aspects (Reliability Availability Maintainability Safety)
• Renewal, Disposal and Lifetime Extension
• Sourcing & Outsourcing

Day 5: Financial & Business Impact of Asset Management

• Financial Management – Basics
• Budgeting
• Life Cycle Costing
• The Business Case for Asset Management
• Wrap-up