October 23, 2019, 9:58 pm

Effective Asset Management Strategies and Plans

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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




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 a certificate of completion.



Training Course Content


  • 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 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.

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