Introduction to Asset Management

On completing this Introduction to Asset Management course successfully, participants will be able to:
• Understand Asset Management and how it can contribute to the realisation of the corporate strategy of your organisation
• Learn the content and value of the international standards on Asset Management
• Implement effective Asset Management practices
• Evaluate the current state of Asset Management best practices
• Devise an implementation plan for Asset Management
• Participate in the generation and implementation of Asset Management policy, strategy, objectives and plans within their organisations
• Partake in asset-related risk identification, analysis, management processes, and contingency planning
• Recognise the asset lifecycle and the role of suitable tools to optimise the performance, risk, and cost of assets
• Distinguish the information and performance measures needed for effective asset management and evaluate the impact of asset information systems
• Realise the financial implications of asset management decisions for your organisation and translate technical issues into business consequences
Course Content:
Introduction to Asset Management
• Introduction to Asset Management
• Business Processes for Asset Management
• Asset Management Landscape Model
• Strategy Framework
• Line of Sight
• Asset Management Policies
• Asset Management Strategy
• Goal Setting
• Strategic Asset Management Plan
• Asset Management Roles: Roles, Expectations, and Responsibilities
Asset Management Practices
• Key Aspects of Asset Management:
o Assets
o Value
o Leadership
o Alignment
o Assurance
• Identifying Risk
• Significance of Risk
• Risk Management on Business Level
• Stakeholder Management
• Risk Based Maintenance for Assets
Facilities Management Practice
• Sourcing & Outsourcing
• Procurement Aspects
• Defining Level of Service
• Defining the Right KPI
• How to Measure the Contractor Performance
• How to Measure the 3rdParty Contractor Performance
• Vendor Management
Operation and Practices
• Assets & Facilities Life Cycle Management
• Demand Forecasting
• Systems Engineering
• Condition Assessment and Monitoring
• Information & Configuration Management
• Life Cycle Costing
Strategy Planning & Implementation Aspects
• Asset Management Assessment – Assessment Tools
• Asset Management Teams
• Changing the Behaviour of People
• Implementation of Asset Management
Asset Management Enablers
• Asset Management Enablers
• Whole Life (Cycle) Planning
• Asset Information Management
• Operational and Financial Principles in Asset Management
• Risk Management Principles in Asset Management
• Risk Management Principles in Asset Management
• Value-based Decision-making in Asset Management

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        6th – 9th May, 2025        

2ND BATCH:       18th – 21th Nov,2025