Principles of Asset Management (AM)

• Introduction to AM
• International Standards – ISO 55001
• Overview of good practice
• Organizational context and stakeholder needs
• Converting business plans to asset plans
• The strategic AM plan
• AM policy
• Needs and capabilities of the assets

The Asset Lifecycle

• Introducing the Asset Lifecycle
• Design and acquisition
• Commissioning and handover
• A Strategic approach to operations and maintenance
• Understanding and managing failures – Introduction to tools and techniques
• Root Cause Analysis (RCA)
• Failure Mode and Effect Analysis
• Managing ‘random’ failure
• Spares management
• Decommissioning, disposal and renewal
• Asset life cycle strategies – Alignment and optimization
• Developing and optimizing AM plans
• Constraints and shutdown optimization

Planning, Risk Management, and Decision Making

• Delivering plans
• Capital
• Operations and maintenance
• Managing resources and change
• Outsourcing and supply chain management
• Risk management
• Asset criticality
• Contingency planning
• Value and risk-informed decision making
• Asset Management decision making – Principles and approach
• Techniques for working uncertain or sparse data
• Life Cycle Costing (LCC)
• Introduction
• Evaluation of options

Asset Management Enablers

• Asset information – Overview
• Asset data – Fundamentals
• Dynamic data - Condition and performance
• Collecting and using tacit information
• Information systems – Introduction and overview
• Organizational structures for AM
• Assessing and developing AM competencies
• Leadership in AM

Evaluation and Continual Improvement

• Successful changing organizations
• Communication and culture change
• Performance evaluation
• Developing and using performance indicators
• Continual improvement
• Governance and assurance for asset management – Auditing and management review
• Maturity beyond ISO55000