Assessing Asset Management Risk and Performance


About this Training Course

Assetivity offers this training course for Asset Management leaders.
Participants will gain an overview of:

  • Assessing and managing risks
  • Assuring the quality of AM processes
  • Monitoring and reviewing progress and performance
  • Reviewing and auditing for compliance with legal, regulatory, ethical and social requirements
  • Learning from incidents
  • Defining asset information requirements
  • Specifying, selecting and integrating AM information systems
  • Making appropriate AM information available for decision making

Who Should Attend

This course is intended for the personal responsible for monitoring the overall success of the asset management system. Typical attendees include:

  • Asset Management Leaders
  • Performance Measurement Specialists

Training Course Duration

1 Day

Learning Objectives

By the end of this course, delegates should (as a minimum) be able to:

  • Describe what an asset management organisation needs to know in order to manage risk and improve performance
  • Describe the standards, processes and systems it will need to generate this knowledge
  • Give examples of the main categories and types of risks affecting asset management strategy and plans
  • Give examples of the legal, regulatory, ethical and social requirements likely to affect asset management planning and performance
  • Describe the differences between systems audit and review and the role each can play in continuous improvement
  • Describe the main components of a requirements specification for an asset information system


As this course is part of the IAM’s competency framework, each attendee will be formally assessed to measure successful achievement of the competency. This assessment will be based on formal testing as well as class participation. Participants who successfully demonstrate competence in this course will be issued an IAM Certificate of Competence.

Training Course Content


  • Outline the contents of the training package
  • Introductions to other participants and their roles in AM
  • Objectives of the training course
  • Gain an understanding of what is expected through the course

Risk Management and Performance Improvement

  • Risk assessment processes
  • Types of risk and the factors which drive different types of risk
  • Key stages in the risk management process
  • Identification of risks
  • Risk management processes appropriate to the assets being managed
  • Impact of improvement actions on current operations and assessment of related risk
  • Probabilities and consequences and prioritisation of risks.
  • Communicating information relating to risk
  • How to establish effective systems for monitoring risk management processes
  • Patents, copyright and intellectual property issues
  • Social and ethical issues in AM
  • Activity: Outline some risks and assess how they will impact your AM Strategy

Asset Knowledge Management

  • Relevant industry standards and regulatory reporting requirements
  • The attributes and limitations of Information Systems and Tools available to support AM processes e.g. asset registers, work and resource management, condition and performance monitoring and decision support tools
  • Basic concepts and relationships of an asset register, including the part played by spatial, performance, condition and historical data
  • How the Asset Management strategy has been used to determine what asset knowledge is needed and what the linkages are
  • Documentation change management
  • Data collection and reporting tools and techniques; data analysis methods
  • Information requirements - who needs what information, why, how and when?
  • Training needs analysis
  • Analysis and monitoring techniques.
  • The integration of asset and technical information
  • Case Study: Key information requirements to understand that you are managing your risk within your AM Strategy

Managing Exceptions

  • Investigating exceptions
  • Responding to exceptions
  • Case Study: Failing to manage the plan

Training Course Summary



Training Course Cost

This course is available for in-house delivery only. This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain more details and a price quotation for running this course for your organisation at a time and location that suits you.

Training Course Dates and Registrations

This course is available for in-house delivery only. The content of this course is, however, included in our Asset Management Master Class. Click here to view the dates and locations when the Asset Management Master Class is currently scheduled to run.