November 18, 2018, 2:37 pm

Asset Management: Principles and Benefits

 

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 here to 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.

Upcoming Training Courses

Monday, 4 Feb 2019 - Tuesday, 5 Feb 2019
Location: Brisbane

Wednesday, 6 Feb 2019 - Thursday, 7 Feb 2019
Location: Brisbane

Friday, 8 Feb 2019
Location: Brisbane

Monday, 11 Feb 2019 - Tuesday, 12 Feb 2019
Location: Perth

Wednesday, 13 Feb 2019 - Thursday, 14 Feb 2019
Location: Perth

Friday, 15 Feb 2019
Location: Perth

Tuesday, 19 Feb 2019 - Wednesday, 20 Feb 2019
Location: Brisbane
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