Implementing Asset Management Plans


About this Training Course

Assetivity offers this training course for people who are leading or are members of an Asset Management Team.
Participants will gain a detailed insight into:

  • Maintaining assets
  • Optimising and rationalising assets
  • Renewing or disposing of assets
  • Monitoring and reviewing AM progress and performance
  • Reviewing and auditing compliance with legal, regulatory, ethical and social requirements
  • Assessing and managing risks
  • Learning from incidents

Who Should Attend

This course is intended for the personnel who execute asset management plans and monitor performance. Typical attendees include:

  • Maintenance Supervisors, Superintendents and Managers
  • Supply Superintendents and Managers
  • Engineers
  • Project Managers
  • Finance and Business Managers

Training Course Duration

1 Day

Learning Objectives

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

  • Describe the main implications of asset management for asset maintenance, renewal and disposal
  • Give examples of how asset condition and performance can be assessed
  • Give examples of options for extending the life of assets
  • Give examples of how the effectiveness of life-extending, decommissioning, disposal or risk control actions can be evaluated
  • Describe the main components of a risk based maintenance or refurbishment work plan
  • Describe the main types of asset related risk and how these can be mitigated


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

What is Implementation?

  • Implementation is…

Executing Life Cycle Activities

  • Technical standards and legislation
  • Asset creation and acquisition
  • Systems engineering
  • Configuration management
  • Reliability engineering
  • Maintenance delivery
  • Asset operations
  • Resource management
  • Shutdown/outage management
  • Incident response
  • Asset rationalisation and disposal
  • Common applications
  • Case Study: Gas turbine overhaul arrangements

Measuring Asset Management Performance

  • Sources of risk
  • Risk controls
  • Levels of assessment and measurement
  • Evaluating Asset Management System effectiveness
  • Assessing asset condition and performance
  • Key Performance Indicators
  • Activity: Risk identification
  • Activity: Key Performance Indicators
  • Case Study: Repair v Replace policy and procedures

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.