
Explore the basics of asset management, evaluation, and planning through three modules on concepts and standards, five core components of an asset management plan, and certification and accreditation.
Define asset management as a coordinated activity to realize value from assets and manage the lifecycle of infrastructure, applying ISO 55000 standards to minimize costs while delivering service.
Explore physical assets in industries and businesses, including infrastructure and hard assets with fixed lifecycles. See how asset management planning enables efficient operations, reliable infrastructure, and better access to finance.
Explore the five core components of asset management: inventory and conditions, level of service, critical assets, lifecycle cost minimization, and long-term funding, with techniques like inventory systems and valuation.
Identify critical assets and assess their failure probability and consequences using failure analysis, criticality analysis, and risk and resilience management with the MCP seven-step methodology.
Explore lifecycle cost concepts and methods to minimize asset expenses from inception to salvage. Apply condition-based monitoring, renewal decisions, and present-value calculations in asset planning.
Outline the long term funding strategy for assets, detailing reserve and replacement funds, non system revenues, and a plan to fund replacements, system revenues, energy costs, and energy consumption optimization.
discover certificates and a diploma in asset management and how international accreditation organizations validate asset management plans for infrastructure assets.
Access the references used in this course and discover additional information on asset management (AM). Find useful links to download examples of asset management plans.
This course provides students/participants the basics of physical assets planning and management. The training consists of three modules.
The first introduces physical assets in industries and businesses, the concepts, definitions (understanding) and international standards for asset management & planning. Importance, benefits and feasibility of developing an effective asset management plan are also discussed.
In module two, the five core components of a standard Asset Management Plan are explained together with the associated questions/techniques and outputs related to each component. In addition, detailed procedures/steps involved in the preparation of an asset management plan are explained with cases and applications.
The third module provides interested individuals detailed information and sources about the international institutions which provide asset management qualification and certification (including designations, diploma & certification).
Information about organizations that provide accreditation of prepared Asset Management Plan as per international standards are also provided. Who are your targeted students?
Those working in any sector where physical assets (including IT/ICT assets) are important including engineers, accountants, finance peoples, planners, procurement managers, designers, risk analysts and all those who are involved in the life cycle of AM planning, monitoring and evaluation from the planning stage, through operation & maintenance until disposal stage.
Asset management is as important for engineers as it is for finance/accounting staff.
Also, those who are new of Asset Management, those who are willing/preparing to pursue AM certificate exams and obtain designations. In addition, experienced practitioners who are willing to check/upgrade their knowledge and skills.