Introduction to Physical Asset Management (PAM)

•       Overview of Physical Asset Management
•       The role and importance of asset management in organizations
•       Key concepts and terminology in asset management (e.g., assets, lifecycle, value optimization)
•       Asset management standards and frameworks (e.g., ISO 55000, PAS 55)
•       The asset lifecycle: from acquisition to disposal
•       Case Studies.

Asset Management Strategy and Planning

•       Defining asset management strategy
•       Aligning asset management with organizational goals and objectives
•       Developing a long-term asset management plan
•       Prioritizing assets based on risk, cost, and criticality
•       Establishing asset performance targets and metrics
•       Practical Application.

Asset Lifecycle Management

•       The asset lifecycle approach
•       Planning for asset acquisition and procurement
•       Commissioning, installation, and operational management
•       Maintenance strategies: Preventive, predictive, and corrective maintenance
•       Asset decommissioning and disposal
•       Practical Application. 

Asset Maintenance and Reliability

•       Understanding the importance of reliability in asset management
•       Maintenance strategies and best practices
•       Reliability-centered maintenance (RCM) and total productive maintenance (TPM)
•       Maintenance cost optimization
•       Key performance indicators (KPIs) for maintenance and reliability
•       Practical Application.

Asset Information Management

•       Importance of asset data and information management
•       Asset data collection and integration techniques
•       Using asset management software (e.g., CMMS, EAM systems)
•       Data analytics in asset management: Predictive analytics, condition monitoring
•       Creating and maintaining an asset register
•       Practical Application. 

Performance Measurement and Continuous Improvement

•       Key performance indicators (KPIs) for asset management
•       Establishing asset performance standards
•       Performance measurement systems and techniques
•       Driving continuous improvement through asset management practices
•       Benchmarking and comparing asset performance
•       Practical Application.

Compliance, Standards, and Regulations in Asset Management

•       Legal and regulatory requirements for asset management
•       Compliance with ISO 55000 and other asset management standards
•       Environmental and safety regulations related to asset management
•       Audits and inspections in asset management
•       Documentation and reporting requirements
•       Case Studies. 

Asset Management Implementation:

•       Steps for implementing an asset management system
•       Building a team and defining roles for asset management
•       Overcoming common challenges in asset management implementation
•       Lessons learned from successful asset management programs
•       Case study of real-world asset management successes and failures
•       Practical Application.

Technology and Innovation in Asset Management

•       Digital technologies and trends impacting asset management (IoT, AI, big data)
•       Role of automation and remote monitoring in asset management
•       The impact of Industry 4.0 on asset management practices
•       Integrating technology into asset management systems
•       Digital transformation in asset management
•       Case Study.
•       Final Project.