Begin your next asset management project with world-class insight.

Assetivity offers this training course for new asset managers. As a participant, you will gain a detailed insight into:

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

Key outcomes

By the end of this course, you will (at 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

Course outline

  • 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.
  • 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
  • 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

Effective Asset Management Strategies and Plans

  • In-house, Online
  • From $ excl. GST
  • Online duration: 6 hours
  • Face to face duration: 8 hours

No public dates are currently scheduled for this course. Please contact us if you would like to discuss in-house or online training for your organisation.

Receive up to 20% off.

Group discounts are available for all courses. Receive 10% off when booking at least 2 attendees, or 20% off when booking at least 4 attendees.

Discounts applied in cart. Group discount not applied when coupons are in use.


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.

Customise this course to match your training needs.

We realise that your challenges may be unique, so we welcome enquiries regarding customising or expanding any of our courses to meet your specific training needs. An obligation-free discussion with one of our expert consultants is a great place to start.