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Course topic:
Format availability:
In-Person, Online streaming
Duration:
5 Days
Introduction to the course
Effective asset management plays a crucial role in the economic stability of many industries and nations. The way assets are managed directly impacts the efficiency of organizations and their competitiveness in the global market. With substantial investments made annually in asset maintenance, development, and service provision, asset management itself has become a key competitive factor worldwide.
Across various industries—including Oil & Gas, Aerospace, Defense, Manufacturing, Public Transport, and Energy Production & Distribution—asset management is increasingly recognized as essential for informed investment decisions. Regulators require organizations to develop strategic asset management plans that align with corporate objectives, emphasizing the need for measurable outcomes that demonstrate effective asset utilization.
Key Focus Areas of This Asset Management Training Course:
- Core principles of asset management, aligned with IAM qualifications
- Understanding ISO 55000, the international standard for asset management
- Implementing best practices to optimize asset performance
- Achieving higher operational efficiency at reduced costs while maintaining compliance
- Evaluating current asset management processes and identifying areas for improvement
Course details
By the end of this Asset Management training course, participants will be able to:
- Define asset management and its role in achieving organizational strategic goals.
- Recognize the significance and benefits of ISO 55000, the international standard for asset management.
- Implement effective asset management practices, from fundamental principles to advanced strategies, to optimize business performance.
- Evaluate existing asset management processes and identify opportunities for improvement.
This KC Academy training course is composed in such a way that it can be held for all professionals involved in managing or implementing Asset Management processes. There will be a variance of lectures and practical exercises. Experiences from different areas will be discussed. There will be many opportunities for discussion and sharing experiences.
By participating in this Asset Management training course, organizations will:
- Gain insight into how effective asset management supports the achievement of corporate strategic objectives.
- Develop a thorough understanding of the principles, applications, and advantages of ISO 55000.
- Identify key performance areas in asset management and apply relevant methodologies to enhance efficiency.
- Implement fundamental asset management techniques and technologies to optimize operations.
- Learn how to evaluate existing asset management processes and identify areas for improvement.
By attending this Asset Management training course, participants will:
- Develop a clear understanding of best practices in asset management and how to apply them effectively.
- Expand their knowledge and expertise in asset management strategies and methodologies.
- Enhance their ability to work efficiently by prioritizing processes and activities that directly support organizational objectives.
- Gain valuable skills that contribute to both personal and professional growth.
- Acquire the knowledge necessary to plan and advance their career in asset management.
This Asset Management training course is suitable to a wide range of professionals, but will greatly benefit:
- 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
Daily Agenda
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 -Â 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
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
Frequently Asked Questions
There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.
You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.
Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.
Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.
It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.
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Course customization available
Course customization available
This training course is available to be conducted at your own pace & at your own time. Request for a quotation now and our training advisor will contact you shortly
