November 12, 2019, 9:49 am

Defining Asset Management Policy and Strategy

 

About this Training Course

Assetivity offers this training course as a detailed review of asset management policy and strategy identification, development and evaluation. It is aimed at current and future Asset Management Leaders within an organisation. Participants will gain an insight into:

  • Analysing AM policy requirements
  • Developing an AM policy
  • Ensuring that AM activities are aligned with and achieve the organisational strategic plan
  • Analysing strategic requirements
  • Forecasting and analysing future user requirements and demands
  • Developing the AM strategy
  • Planning the implementation of the AM strategy

Who Should Attend

This course is intended for senior managers who have responsibility for setting strategic direction through development and management of the asset management policy and strategy. Typical attendees include:

  • Senior Executives
  • Asset Management Leaders

Training Course Duration

1 Day

Learning Objectives

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

  • Explain the differences between asset management strategy and policy and why both are important
  • Describe the main components and sources of information of an asset management policy and strategy
  • Give examples of regulations and stakeholder interests likely to affect decisions to decommission or dispose of assets
  • Give examples of how future user requirements and demands can be forecast
  • Describe the main components and sources of information of an asset management strategy
  • Give examples of what needs to be done to plan the implementation of an asset management strategy
  • Give examples of how the adoption of asset management is likely to affect relationships inside an organisation and with its suppliers
  • Give examples of how the effectiveness of an asset management strategy can be measured and monitored

Assessment

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

Introduction

  • 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

AM Policy Development

  • What is AM and what is AM’s equipment and life cycle scope?
  • What is policy and strategy?
  • Key characteristics of a good AM policy
  • Other policies and strategies relevant to AM
  • Associated Legislative and regulatory requirements
  • Outline how to develop AM policies including considerations, benefits and impacts on other parts of the business
  • Outline and describe an organisation’s AM policy
  • Relevant changes in the business environment and the impact on stakeholder expectations
  • Stakeholder management and consultation process
  • Activity – Develop or refine an Asset Management Policy for a case study example

AM Policy Management

  • AM policy management requirements – who, how, what and when
  • Key policy life cycle risks
  • Typical AM Policy change drivers
  • The need to plan for change
  • Assessment of proposed policy and changes to policy
  • Activity – Discuss a plan for change and how it impacts AM policy management

AM Strategy Development

  • Key characteristics of a good AM strategy
  • Outline and describe a Strategic AM Plan
  • How AM Strategy evolves from a policy to support business goals
  • The necessary relationships between the business and AM plans and strategy
  • Business process models and appropriate metrics
  • Market analysis, work capital and cash flow forecasting
  • Asset condition assessment and degradation modelling
  • Budget, costs forecast and management
  • Stakeholder – expectations
  • The impact of changing economic conditions and stakeholder expectations
  • Environmental management standards
  • Sustainability principles
  • Implications of severe weather and climate change
  • Activity – Develop or refine an AM strategy for a case study example

AM Strategy Management

  • AM policy management requirements – who, how, what and whenKey strategy life cycle risks
  • Key strategy life cycle risks
  • The need to plan for change and typical AM strategy change drivers
  • Assessment of proposed strategies and changes to strategy
  • Activity – Discuss a plan for change and how it impacts AM strategy management

Course Summary

Assessment

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 Classe. Click here to view the dates and locations when the Asset Management Master Class is currently scheduled to run.

 

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