Advanced Asset Management
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Advanced Asset Management Course
Introduction:
Effective management of physical assets plays a crucial role in the economies of numerous countries. It directly impacts the efficiency of companies and their competitiveness in the global market. Considerable financial resources are allocated annually to maintain and enhance the asset base, making Asset Management a significant international market.
Recognizing the importance of Asset Management, it is increasingly acknowledged as the key to making improved investment decisions across various sectors such as Oil & Gas, Defense, Aerospace, Manufacturing, Public Transport, and Electricity and Water Production & Distribution. Regulatory bodies require the development and presentation of strategic Asset Management Plans that align with corporate strategies.
Implementing 'Good Asset Management Practice' is essential to achieving corporate objectives, and demonstrating tangible results becomes increasingly important. By showcasing the outcomes of effective Asset Management, companies can substantiate their alignment with corporate strategies and contribute to their realization.
Course Objectives:
At the end of this course, delegates will be able to make a substantial, positive impact on the asset management best practices within their organization, specifically:
- 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
- Provide a step-by-step guide to Asset Management best practices (as part of PAS 55 & 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 Should Attend?
This training course is suitable for 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
Course Outlines:
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
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
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
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
Financial & Business Impact of Asset Management
- Financial Management – Basics
- Budgeting
- Life Cycle Costing
- The Business Case for Asset Management