INTRODUCTION
Keeping track of the assets of the company is an important task that can save companies money and time. Asset management is the process of maximizing the assets of the company to provide the best returns to stakeholders. More often than not, it involves asset recovery as well.
Businesses have a wide range of assets that include fixed and liquid assets. It is important for a business to be able to manage its assets, and use them to get the maximum possible returns. Below are the top ten reasons why asset management is important.
This training course discusses in depth the key features involved in asset management throughout the life cycle of the equipment. Best practices drawn from a range of different industries are introduced. In addition, the skills, attitudes and competencies necessary for effective asset management are fully discussed.
OBJECTIVES
By attending this Fundamentals of Asset Management Training course you will able to :
Recognize and be able to apply asset management terminology, definitions and principles
Identify and manage the expectations of stakeholders with respect to asset management
Become familiar with internationally recognized asset management methodologies and good practices
Understand best practice techniques for achieving effective asset management
Discuss & learn the practical application of these best practices, through case studies & exercises
Understand the range of technical & human risks associated with asset management & how they can be mitigated
Understand the content and value of ISO 55000, the international standard on Asset Management
Apply ‘Good Asset Management Practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
Assess the current state of Asset Management best practices
WHO SHOULD ATTEND ?
Fundamentals of Asset Management Training course is ideal for :
All professionals involved in managing or participating in Asset Management and Facilities Management processes, including all staff in the Asset Management & Maintenance department, Facilities Management, Building Maintenance, IT, Operations and Finance
Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of their organizations
COURSE OUTLINE
Day 1
Principals of Asset Management
Asset Management as a Business Process
Asset Management Scope & Definitions
Asset Management Conceptual Model
Asset Management Strategy & Planning
Asset Management Roles - about roles, expectations and responsibilities
ISO 550000 The International Standard on Asset Management
Certification Procedure
Day 2
Assessing & Managing Asset Management Risks
Identification and Assessment of Risk
Risk in Asset Management
Significance of Risk
Risk on Business Level
Stakeholder Risks
Risk on Asset Level
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Day 3
Asset Management Policy, Strategy and Planning
Asset Management Policy
Developing (Strategic) Asset Management Plan(s)
Implementing (Strategic) Asset Management Plan(s)
Long Term Maintenance & Investment Planning
Information and Configuration Management
Day 4
Managing Asset Lifecycle Decisions & Activities
Life Cycle of Assets and its Aspect
Systems Engineering
RAMS Aspects (Reliability Availability Maintainability Safety)
Renewal, Disposal and Lifetime Extension
Sourcing & Outsourcing
Day 5
Financial & Business Impact of Asset Management
Financial Management Basics
Budgeting
Life Cycle Costing
The Business Case for Asset Management
Wrap-up
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