An intensive professional development training course on
Asset Management
& ISO 55000 Series
Maximizing Returns from Capital Investments
Asset Management: A to Z of Best Practices
Brochure
Why Choose this Training Course?
Asset management is crucial for capital-intensive industries that depend on the cost-effective and trouble-free operation of their plant and equipment. Effective communication and collaboration between cross-functional groups—such as those involved in new projects, commissioning, operations, and maintenance—are essential for integrated thinking and minimizing life cycle costs of assets. This intensive Asset Management training course focuses on enhancing management practices by presenting standards, methodologies, and guidance for establishing robust asset management systems. The course also emphasizes how the international standard on Asset Management, ISO 55000, can be applied to implement best and latest practices.
The Asset Management & ISO 55000 Series training course delves deeply into the key aspects of asset management throughout the equipment life cycle. It introduces best practices from various industries, discussing the skills, attitudes, and competencies required for effective asset management. The course covers the latest tools and techniques, explained in clear terms, so delegates can apply them to their own situations. The ISO 55000 series asset management standard is introduced and reviewed, highlighting the connection between its sections and the crucial aspects of asset management discussed. Additionally, the course provides guidance on where to find more information about the standard and how to assess your organization against it.
This AZTech training course will feature:
- The asset management system, organization & risk-based framework specified in ISO 55000 series
- Life cycle costing advantages and issues
- Asset policies & strategies derived from the business plan
- Formulating effective asset management plans and ensuring that they are carried out
- Continuous improvement and the learning organization
What are the Goals?
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
Who is this Training Course for?
This training course is suitable to 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
How will this Training Course be Presented?
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.
The Course Content
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 Management
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
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
In Partnership With
Accreditation
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