Course Description

Remain abreast of the latest trends, techniques and strategies to improve the condition and performance of your physical assets. The course gives an overview of the fundamental aspects of modern asset management and is aligned with the international standard. It will help you to understand all the elements of asset management, how they interact and influence asset performance, as well as how to develop an asset management strategy and improvement programme

Course Objectives

·         Give you a frame of reference of what asset management is about

·         Determine your organisation's current asset management maturity by performing a self-assessment

·         Select asset management best practices applicable to your organisation

·         Define key performance indicators to measure your asset management function

·         Develop an action plan to ensure sustainable improvement.

Who Should Attend?

·         Engineering and technical managers

·         Maintenance managers

·         Production or operational managers

·         Managers who want to improve the condition and performance of their physical assets to optimise the return on their capital investments

Program Schedule

DAY 1

·         The world of asset management

·         Definition of asset management .

·         Overview of PAS 55:2008 and Pragmas 17 key performance areas 

DAY 2

·         How to develop an Asset Management Policy and Strategy

·         Performance Measurement and the recommended KPIs for effective asset management.

·         Information Management best practices to make the information available for decision making.

·         How to use achieve the new targets through a process of Focused Improvement.

DAY 3

·         Firstly, the development of Asset Care Plans based on the "optimum maintenance mix”.

·         Work Planning and Control to ensure the effective planning and scheduling of asset-related work.

·         The supporting role of the operating personnel is covered under Operator Asset Care.

·         Material Management addresses the purchasing, warehousing and optimisation of all engineering spares and material 

·         Support Facilities and Tools

·         Technical Information 

DAY 4

·         Organisation and Development deals with the organisation structure, training and motivation of technical staff.

·         Contractor Management

·         Environment, Health and Safety 

·         Financial Management 

·         Risk Management 

DAY 5

·         Life Cycle Management

·         Project and Shutdown Management

·         Exercise