An intensive professional development training course on
Risk Assessment of Assets
Principles, Framework, Process, Systems, Tools & Techniques
Why Choose Risk Assessment of Assets Training Course?
This course provides an explanation of the underlying concepts of the Risk Based Maintenance approach, guidance on its relationship and integration within asset management and the overall risk management process. This course will show delegates how to develop an action plan for implementation into an effective and cost-efficient maintenance strategy.
Risk-Based Maintenance improves maintenance decision-making by introducing risk data and analysis into asset & maintenance management processes. In this way an organization systematically optimizes maintenance, associated spares and supply-chain management processes. By providing an objective approach to selecting an appropriate maintenance strategy, and establishing priorities for focusing resources where they deliver the greatest bottom-line performance and safety benefits.
This course will feature:
- Introduction to risk, risk management, risk management standard ISO31000 and the integration within asset management processes
- Prioritizing risk, quantitative and qualitative risk assessment methodologies
- Continuous improvement and contingency planning
- Risk based maintenance (RBM) concepts for assets – asset related risk
- Optimizing the maintenance concept & implementation aspects
What are the Goals?
By the end of this course, participants will be able to:
- Understand the concepts & practical application of risk management & the Risk-based Maintenance (RBM) approach
- Learn the potential contribution of RBM to maintenance efficiency and performance
- Understand how RBM interacts within asset management
- Apply RBM and related technologies so as to achieve the best results
- Develop an action plan to utilize risk management & RBM in their own areas of responsibility.
Who is this Course for?
This course is suitable to a wide range of professionals but specifically designed for those professionals who want to understand, implement and improve themselves on risk management in a maintenance environment, judge its suitability for their needs, and learn how to implement RBM for the benefit of their organizations.
This course is suitable to a wide range of technical professionals but will greatly benefit:
- Asset Management Coordinators
- Asset Management Consultants
- Production or Operations Managers
- Maintenance & Engineering Managers
- Maintenance & Reliability Engineers
- Those assigned in New Project Design
How will this be Presented?
This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes formal lectures and interactive exercises. Relevant case studies will be provided to illustrate the application of each subject in an operations environment. Each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.
The Course Content
An Overview of Risk Management
- Challenging the traditional approaches to maintenance
- Definitions of key terms & risk principles
- Risk in Asset Management (ISO 55000 series)
- Risk Framework (ISO 31000)
- Case study: Importance of risk assessment & risk management (video)
Risk Management Process & methods
- Linkage between Corporate risk and Asset related risk
- The steps involved in managing risk
- Risk assessment, risk register & hazard log
- Criticality analysis
- Best practices: RCM, HAZOP, FMECA & FRACAS
- Contingency planning
Risk Management Best Practice: Maintenance Concepts with RBM (Part 1)
- Failure behavior & probability
- Availability & Reliability concepts
- Maintenance concept & the seven steps of Risk Based Maintenance (RBM)
- Failure Mode Effect & Criticality Analysis (FMECA)
- Group Exercise
Risk Management Best Practice: Maintenance Concepts with RBM (Part 2)
- Maintenance concept: the seven steps of RBM (continued)
- Failure patterns
- Determine maintenance tasks and frequencies
- Exercise
- Risk Based Inspection (RBI) & specific aspects for typical equipment
Optimizing Performance and Case study
- Using decision support tools to optimize maintenance concepts
- Case study package distribution system
- Monitoring performance – setting up relevant performance indicators for RBM
- Implementation aspects & pitfalls of the RBM approach
- Implementation plan
- Wrap-up
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the course.
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
Do you want to learn more about this course?
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Frequently Asked Questions
AZTech Saudi offers a wide range of internationally benchmarked training courses across various disciplines including leadership, finance, engineering, project management, HR, and more. All courses are designed to meet the professional development needs of individuals and organizations in Saudi Arabia.
Our training courses are conducted in major cities across the Kingdom, including Riyadh, Jeddah, Dammam, and Al Khobar. We partner with top-tier venues to provide an optimal learning environment that combines comfort, convenience, and professionalism.
Yes, AZTech Saudi collaborates with globally recognized professional bodies to offer accredited training courses. Participants receive certificates that reflect international standards and support their career growth and industry credibility.
Absolutely. We work closely with Saudi-based organizations to develop tailored in-house training solutions that address specific business needs, departmental goals, and workforce development strategies—delivered onsite or at a preferred location
You can easily register through our website (aztech.sa) by selecting your preferred course and completing the online registration form. Our support team is also available to assist you with registration, invoicing, and any additional information you may require.
