Professional Asset Management

Asset Management has been increasingly recognized as the key to improved investment decision-making across all sectors. Regulators require developing and present strategic Asset Management Plans aligned with the corporate strategy. The implementation of ‘Good Asset Management Practice’ will contribute to realizing the corporate strategy and it becomes more and more important to prove this by showing results

 

Course Objectives of the Asset Management

• Explain what Asset Management is and how it can contribute to the realization of the corporate strategy of your organization

• 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

 

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

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