December 18, 2018, 12:07 am

  • We often hear companies say that people are their best asset.  Those same companies have often invested a significant amount of resources in their maintenance information systems.  Yet many of those companies are not seeing the desired results in terms of production, cost, availability and reliability.  Why is it that the sum of good people and good systems does not always produce good performance?

  • An organisation’s asset register is the foundation on which its Asset Information systems are built.  Dodgy foundations mean a rickety building.  Here are 5 tips to make sure your Asset Register is rock solid. 

  • Register Now button

    About this Training Course

    This comprehensive 5-day course is designed for those who wish to obtain a comprehensive understanding of Asset Management and ISO 55000 in preparation for a role as an Asset Management professional. Prepared in alignment with the UK’s Institute of Asset Management (IAM) competence and training framework, this course covers all the key areas involved in Asset Management, and is designed to provide participants with a comprehensive understanding of:

    • Asset Management Concepts and Principles
    • ISO 55000, ISO 55001 and ISO 55002, and
    • The GFMAM Asset Management Landscape

    It is an information-packed, practical course for people who will be responsible for the development, implementation or maintenance of an organisation's asset management system.

    Led by one of Assetivity's CAMA Certified Asset Management Assessors, participants will gain a detailed insight into:

    • Key Asset Management principles
    • The Benefits of Asset Management
    • Introduction to Asset Management Policy
    • Implementing Asset Management Systems
    • Defining Asset Management Policy & Strategy
    • Effective Asset Management Strategies and Plans
    • Building an Asset Management Organisation
    • Implementing Asset Management Plans
    • Assessing Asset Management Risk and Performance

    Participants will be involved in class and group discussions facilitated by our course trainer.

    This course meets the requirements of the entire suite of IAM Asset Management Courses:

    Asset Management Principles and Policy

    • A1 The Benefits of Asset Management
    • A2 Introduction to Asset Management Policy

    Implementing Asset Management Systems

    • B1 The Asset Management System
    • B2 Defining Asset Management Policy & Strategy
    • B3 Effective Asset Management Strategies and Plans
    • B4 Building an Asset Management Organisation
    • B5 Implementing Asset Management Plans
    • B6 Assessing Asset Management Risk and Performance

    Upon satisfactory completion of the assessment at the end of this course, participants who are members of the IAM will be issued with a certificate of completion for each of these courses.

    Who Should Attend

    This course is intended for personnel responsible for the development, implementation and operation of an organisation’s asset management system, or for assessing compliance with that system. Please note that we cannot accept registrations from other consultants for this course.

     Prerequisites

    The course assumes that participants are familiar with the fundamental concepts of asset management, however a brief refresher on those concepts is undertaken in the first module of this course.

    Learning Objectives

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

    • Understand Asset Management
    • Understand Asset Management Documentation
    • Understand Asset Management Planning
    • Understand the Asset Management System
    • Understand Asset Management Performance and Improvement
    • Understand information requirements for Asset Management
    • Describe the main implications of asset management for organisational structure, roles and responsibilities and reporting lines
    • Describe how the performance of people working in asset management can be assessed and improved
    • Describe how the criticality of products, services and their suppliers can be analysed
    • Give examples of how asset management affects the specification of requirements for supplied goods and services
    • Describe how organisational culture is likely to affect asset management performance
    • Describe how to analyse the criticality of procured products and services
    • Give examples of criteria which can be used to assess the performance of asset management teams

    Assessment

     This course is assessed by examination through the course. In addition, participants undertake case studies and exercises to ensure their new knowledge transfers into practical skills and the confidence to apply them in the workplace.

    Training Course Duration

    5 Days

    Training Course Content

    Introduction and Benefits of Asset Management

    • Asset Management Concept
    • Benefits of Asset Management
    • Asset Management Document Hierarchy
    • Asset Management Decision Making

    Introduction to Asset Management Policy

    • Definitions
    • AM Policy – Requirements& Sources
    • AM Policy Management

    The Asset Management System  

    • What is Asset Management System?
    • Context of the Organisation
    • Leadership
    • Support
    • Operation of the AMS
    • Performance Evaluation
    • Improvement

    Defining Asset Management Policy and Strategy  

    • AM Policy Development
    • AM Policy Management
    • AM Strategy Development
    • AM Strategy Management

    Effective Asset Management Strategies and Plans

    • Asset Management Planning Cycle
    • Asset Management Strategy
    • Asset Management Plans
    • Integrating and Implementing Plan

    Building an Asset Management Organisation

    • Asset Management Organisations within a larger body
    • People
    • Processes
    • Data
    • Facilities, Tools and Equipment
    • Quality assurance and improvement
    • Inputs, Outputs and Interfaces

    Implementing Asset Management Plans

    • What is Implementation?
    • Executing Life Cycle Activities
    • Measuring Asset Management Performance
    • Managing Exceptions
    • Facilities, Tools and Equipment
    • Quality assurance and improvement

    Assessing Asset Management Risk and Performance

    • Risk Management and Performance Improvement
    • Asset Knowledge Management
    • Measuring Asset Management Performance
    • Managing Exceptions
    • Facilities, Tools and Equipment
    • Quality assurance and improvement

    Training Course Cost

    $4,250 (ex GST) per person. 

    Early Bird Discount = $425

    Discounts apply for multiple attendees from the same organisation:

    2-3 attendees = $3,825 per person

    4+ attendees = $3,400 per person

    Training Course Dates and Registration

    • Click here to view the dates and locations when this course is currently scheduled to run
    • This course can also be run in-house for your organisation at a time and location that suits you. This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss this further and obtain a price quotation.
    Contact us Register Now button

     

  • Effective management of physical assets requires a high level, multidisciplinary approach.  ISO 55000, a British Standards Institutespecification for Asset Management, provides a useful framework for achieving more successful Asset Management outcomes for a range of Asset-intensive organisations.  The challenge is in applying this framework in a results-oriented, practical way that meets the needs of individual organisations and individual industries.

    Assetivity is endorsed by the Institute of Asset Management(IAM) to deliver Asset Management training that is aligned with the competency requirements of ISO 55000.  Trainees who pass the assessment will receive IAM certificates recognising their achievements.

    Please click here for more information on ISO 55000, and Assetivity's approach to its implementation.

    ISO 55000 superseded PAS 55, which was the previous British Standards Institute specification.

    Our consulting team have conducted a number of asset management consulting assignments. For more details on some of those assignments, please click on the links below:

    Contat us now to speak to an expert consultant.

     

     

  • WKID PyramidA vital element of effective Asset Management is decision-making that is evidence-based and data-driven. In addition, sufficient, accurate data and documentation must be collected in order to:

    • Meet legal and statutory requirements, and
    • Permit effective communication with stakeholders

    In this article, the 11th in our series on Implementing ISO 55000, we will discuss these elements in the context of ISO 55001.

  • The objective of organisations in capital-intensive industries is to maximise the return on their investment in physical assets. There is a growing realisation amongst these organisations that Maintenance on its own, cannot achieve this objective. Why improve the effectiveness of Maintenance Planning and Scheduling, when Production changes its Production schedule at short notice, throwing the best-made plans into disarray? Why conduct Root Cause Failure Analysis, when the results of these analyses consistently show that the equipment is being operated outside its design limits, and that the equipment is not capable of sustaining target production rates?

    Contact us now to speak to an expert consultant.

  • This hydro-metallurigcal plant represented a significant investment by shareholders, and was at the cutting edge of technology. Unfortunately, the plant was not performing to design capacity, despite the best efforts of site personnel, and the plant was operating at a loss.

  • Register Now button

     

    About this Training Course

    Assetivity offers this training course as an introduction to Asset Management (AM) for anyone wishing to learn the fundamental principles and concepts underpinning world class Asset Management, and the benefits to be accrued from applying these within an Asset-rich organisation.  Participants will obtain an understanding of the key principles of effective Asset Management in the context ot the ISO Standard for Asset Management (ISO 55000).  They will also obtain a better understanding of the benefits to be obtained from taking a systematic approach to Asset Management.

    Participants will gain an understanding of:

    • Asset Management in the context of ISO 55000
    • AM Policy and how and why it is developed.
    • Strategic Asset Management Plans (SAMP): their development and how this impacts on their roles and functions.
    • The key elements included in Asset Management Plans, as defined by ISO 55000, including costings, contingency planning and communicating the plan.
    • Key issues to be considered when implementing Asset Management Plans
    • The role of Risk Management in effective Asset Management
    • AM Performance Measurement and Improvement.

     

    Who Should Attend

    • Managers wishing an overview of the key elements and benefits of effective Asset Management
    • Anyone else requiring an introduction to the key principles underpinning effective Asset Management

     

    Training Course Duration

    1 Day

     

    Accreditation

    This course satisfies the requirements of Course A1 – Benefits of Asset Management within the Institute of Asset Management (IAM) competency framework. Assetivity is a member of the IAM Endorsed Trainer Scheme and able to issue certificates for successful completion that are accredited by the IAM. 

     

    Learning Objectives

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

    • Describe what asset management is and why it is important.
    • Describe the role asset management can play in supporting organisational strategy and objectives.
    • Describe the relationships and differences between asset management policy, strategy and plans.
    • Describe the principles of asset whole life costing.
    • Describe the role of Risk Management in effective Asset Management.
    • Give examples of how AM performance can be measured.
    • Describe the main advantages of a systematic approach to Asset Management.

     

    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 practical experience. Participants who successfully demonstrate competence in this course will be issued an IAM Certificate of Competence.

     

    Training Course Content

    Asset Management Concepts

    • What is Asset Management?
    • What is an Asset?
    • What is the Asset Lifecycle?
    • Models for Asset Management, including the PAS 55, ISO 55000, IAM, GFMAM and other Asset Management Models 

    The Benefits of Asset Management

    • Traditional v PAS 55/ISO 55000 Asset Management
    • The Impact of AM on a Business
    • Summary of AM Benefits
    • Case Studies – Benefits of AM

    Asset Management Document Hierarchy

    • Document Hierarchy for AM
    • Policies, Strategies and Plans
    • Why, What & How – Asset Management Policy
    • Why, What & How – Strategic Asset Management Plan
    • Why, What & How – Asset Management Plans
    • Case Study – AM Documentation

    AM Decision Making

    • The Performance/Cost/Risk Trade-off
    • Cost-based Decision Making
    • Risk-based Decision Making
    • Performance-based Decision Making
    • Case Study – Asset Management Decision Making

    Training Course Summary

    Assessment

    • Assessment of competency against learning objectives

     

    Training Course Cost

    $850 (ex GST) per person.

    Early Bird Discount = $101

    Discounts apply for multiple attendees from the same organisation: 

    2-3 attendees = $765

    4+ attendees = $680

     

    Training Course Dates and Registrations

    • Click hereto view the currently scheduled dates and locations for this course, and register for one of those courses.
    • This course can be run in-house for your organisation at a time and location that suits you.  This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain more details and a price quotation.

    Register Now button

  • Hydro Tasmania is Australia’s leading producer of renewable energy, with over 100 years of experience producing hydroelectric power.  Owned by the Tasmanian Government, Hydro Tasmania has assets worth around $5 billion and employs over 1100 people.

    Following on from an ISO 55001 Gap Assessment performed by Assetivity, Hydro Tasmania wished to increase the awareness and knowledge of ISO 55000 and Asset Management among key internal stakeholders. Assetivity delivered its Implementing ISO 55000 training course and the results were immediate. Read the full case study now.

    If you are wish to increase awareness and knowledge of ISO 55001 within your organisation call us now and talk to one of our expert consultants. 

    ISO 55001 Asset Management Training Case Study

    To receive future articles, case studies and the latest industry knowledge, sign up for our newsletter here.

  • Register Now button

     

    About this Training Course

    Assetivity offers this training course as for new Asset Managers.
    Participants will gain a detailed insight into:

    • Analysing strategic requirements and Developing the AM strategy
    • Forecasting and analysing future user requirements and demands
    • Planning the implementation of the AM strategy
    • Appraising investment options and applying whole life costing principles
    • Creating and acquiring assets
    • Planning for contingencies
    • Developing and communicating AM plans

     

    Who Should Attend

    • People new to asset manager roles

     

    Training Course Duration

    1 Day

     

    Learning Objectives

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

    • Understand the relationships and differences between asset management strategies and plans
    • Describe the main components and information sources of an asset management strategy and an asset management plan
    • Give examples of how internal and external stakeholder interests and opinions can affect asset management planning
    • Describe the main principles of asset whole life costing
    • Describe how sustainability principles can be applied to asset management planning
    • Give examples of how asset management benefits can be tracked
    • Give examples of performance indicators that can be used in whole life assessment of asset creation or acquisition options
    • Describe the main components of a business case to support a preferred investment option
    • Give examples of costs for all key stages of the asset management lifecycle

     

    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 practical experience. 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
    • Gain an understanding of what is expected through the course
    • Objectives of the training course.

    Asset Management Strategy

    • Outline and describe a strategic AM plan.
    • How an AM Strategy evolves from a policy.
    • How AM Strategies support business goals.
    • The necessary relationships between the business and AM Strategy and plans.
    • Identifying critical assets
    • Considering the lifecycle of assets
    • Case Study Activity: Formulate or review an Asset Management strategy for a case study example

    Asset Management Planning

    • Outline and describe AM plans
    • Information sources for AM plans
    • Relationship with AM strategy
    • Optimisation and prioritisation of AM plans
    • Cost and performance analysis methods and techniques.
    • Stakeholder interest
    • Whole life costing principles
    • Activity: Carry out a whole life costing exercise on a piece of equipment
    • Design and use of KPIs and balanced scorecard techniques.
    • Tracking benefits of Asset Management
    • Sustainability of AM Plans
    • Business cases to support investment decisions
    • Activity: Develop an Asset Management Plan for a case study example

    Training Course Summary

    Assessment

    • Assessment of competency against learning objectives

     

    Training Course Cost

    $850 (ex GST) per person.

    Early Bird Discount = $101

    Discounts apply for multiple attendees from the same organisation: 

    2-3 attendees = $765

    4+ attendees = $680

     

    Training Course Dates and Registrations

    • Click hereto view the currently scheduled dates and locations for this course, and register for one of those courses.
    • This course can be run in-house for your organisation at a time and location that suits you.  This email address is being protected from spambots. You need JavaScript enabled to view it. to obtain more details and a price quotation.

    Register Now button

  • laptop with logo

    Developed by world class training facilitators from Assetivity, AMtrainingonline specialises in high quality, convenient learning solutions.   Providing you with flexible, low cost training options custimised to your personal and organisational requirements.

    We listen to our clients and understand you want to gain the neccessary competancies for your career development without disrupting your busy schedule. You can excel in your asset management role with our online training courses, which are focused on providing practical tools and skills that can be applied in the workplace. 

    As Endorsed Trainers and Assessors for the Institute of Asset Management (IAM) AMtrainingonline courses are designed to meet the internationally recognised IAM competency framework. 

    Learn at your own pace, select modules that align with your current career ojectives and get real results, fast. 

  • In What is Asset Management?, we looked at what asset management was and concluded that it was a fundamentally different way of thinking about physical assets and how they deliver value to an organisation. In this article, we will look at what this means in practice.

    To start, recall our definition of asset management from the British Standards Institute’s Publically Available Specification No. 55:2008 (PAS 55): (you may recall three definitions of asset management – but this is the longest and we consultants get paid by the hour!)

  • Once you have a clear mandate to progress towards alignment or compliance with ISO 55001, we recommend that you follow the steps in this article in order to gain that alignment.

    This is the twelfth in a series of 13 articles on Implementing ISO 55000.

  • Written by: Sandy Dunn - Managing Director, Assetivity | November 5, 2018

    Why we need to move beyond point solutions to a more strategic & holistic approach

    Last week I attended the IMARC conference in Melbourne which is Australia’s largest Mining conference.  With four streams over three days, a stellar speaker line-up of senior executives from mining companies and suppliers to the industry and a large trade-show, it was a great opportunity to hear and learn about the latest industry trends.  While the conference was industry-specific, I believe that the messages and trends are mostly universal.

    The key messages that I got from the conference (with a focus on Asset Management and Operations Improvement, which is clearly the area of most relevance to Assetivity and our clients) were:

    • The industry needs to reimagine itself if it wishes to gain greater community acceptance and be recognised as an industry that people want to work in. To some extent this is already happening, but more on that later.
    • New technologies are fundamentally changing the way that the industry operates. While automation is grabbing the headlines (driverless haul trucks, autonomous trains), a raft of new technologies is changing back-office functions and enabling greater control, faster feedback on performance and better-quality outcomes.
    • The old, ponderous, slow-moving ways of the mining industry of the past need to (and are) changing. Agility and speed in deployment of new technologies is vital. And these technologies can often be deployed without the need for major capital expenditure.
  • One of the central tenets underpinning ISO 55000, the international standard for Asset Management, is that organisations perform better when there the goals and activities of all that work within that organisation are aligned.  The better the connections between individuals and departments and overall organisational goals, then the better organisational performance will be. 

    Organisational alignment takes two forms – vertical alignment (a clear understanding of how what each individual does contributes to the achievement of the organisation’s overall goals), and horizontal alignment (ensuring that different functional areas collaborate towards the achievement of common goals).  This article discusses each of these in turn.

     

  • Asset Management is based on a set of fundamentals that were agreed during the development of ISO 55000.  They can be applied to any asset-intensive industry, regardless of your stance on the ISO 55000 standards.

    Scott Yates, Principal Consultant at Assetivity has published this short video to help you understand the 4 fundamentals of asset management.

  • From January 2015 the International Asset Management standard ISO 55000 will replace the PAS 55 (The British Standards Institute specification for Asset Management). 

    The International Asset Management standard ISO 55001 contains a lot of words, and no pictures or graphics. This short 18 minute video explains the key elements of ISO 55001 in a more visual manner, and outlines how they fit together.  It also contains a high level overview of the types of evidence that may be required in order to demonstrate compliance or alignment with each of these elements.

    - ISO 55000 - Overview, Principals & Terminology

    - ISO 55001 - Management Systems - Requirements

    - ISO 55002 - Management Systems - Guidelines for the Application of ISO 55001

  • Almost everybody has probably heard the term “Asset Management” thrown around, but what does it really mean? This article sets out to answer that question.

    Firstly, we need to clarify what we’re talking about. What is an asset?

    According to a recent draft of ISO 55000, an asset is:

    something that has potential or actual value to an organization.

Sign up to our Mailing List

Receive useful Maintenance & Asset Management articles, tools and news

assetivity logo