Asset Management Masterclass
This comprehensive 5-day course is designed for those who wish to obtain a detailed understanding of Asset Management and ISO 55000: 2014 in preparation for a role as an Asset Management professional. Prepared in alignment with the UK’s Institute of Asset Management (IAM) competence and training framework, this course covers all the key areas involved in Asset Management, and is designed to provide participants with a comprehensive understanding of:
• Asset Management Concepts and Principles
• ISO 55000: 2014, ISO 55001: 2014 and ISO 55002: 2014, and
• The GFMAM Asset Management Landscape
It is an information-packed, practical course for people who will be responsible for the development, implementation, maintenance, or internal auditing of an organisation's asset management system.
"Day 1 - Introduction •Outline the contents of the training package
•Introductions to other participants and theirroles in AM"
•Gain an understanding of what is expectedthrough the course Objectives of the training course.
Asset Management Concepts
•What is Asset Management?
How does Asset Management deliver Value?
"•The fundamentals of Asset Management oValue
oAlignment
oLeadership
oAssurance"
•Exercise – Asset Life Cycle Challenges
The Benefits of Asset Management
•Asset Management vs Other Business Practices
•Case Studies – Successful Asset Managementorganisations
The Asset Management System
•What is the Asset Management System?
•The Asset Management Landscape
oStrategy and Planning
oDecision Making
oOrganisation and People
oLifecycle Delivery
oAsset information
oRisk and Review
•The ISO 55000 Asset Management Model
Asset Management Core Documents – An Overview
•Asset Management Policy, Strategies and Plans
Stakeholder Engagement
•Identifying Stakeholders
•Stakeholder Analysis
•Exercise – Stakeholder Analysis
Asset Management Objectives
•What are they and why are they required?
•Using Asset Management Objectives to create“line of sight” for Asset Management activitiesto Organisational Objectives
Asset Management Policy
•What is it and why is it required?
•ISO 55001: 2014 Requirements
•How to Develop an Asset Management Policy
•Exercise – Asset Management Policy Review and Comparison
Day 2 - Recap of Day 1
Strategic Asset Management Plan
•What is it and why is it required?
•Key Elements of a Strategic Asset ManagementPlan
•ISO 55001: 2014 Requirements
•How to Develop a Strategic Asset ManagementPlan
•Exercise – Strategic Asset Management PlanReview and Comparison
Asset Management Plans
•What are they and why are they required?
•Key Elements of Asset Management Plans
•ISO 55001: 2014 Requirements
•How to Develop Asset Management Plans
•Structuring Asset Management Plans
•Exercise –Asset Management Plan Content
•Asset Management Plan inputs
•Integrating Plans
Asset Management Decision Making
•Decision Making Principles
•Life Cycle Value Realisation
oLife Cycle Costing
oExercise –Life Cycle Costing
oValue Optimisation
•Capital Investment Decision Making
•Operations and Maintenance Decision Making
oOperations
oReliability Centred Maintenance andPreventive Maintenance Optimisation
Day 3 - Recap of Day 2
Asset Management Decision Making (continued)
•Operations and Maintenance Decision Making
oReliability Centred Maintenance andPreventive Maintenance Optimisation
oExercise –Reliability Centred Maintenance
•Resourcing Strategy
•Shutdowns and Outage Strategies
Risk Management
•Risk Management Basics
•Risk Matrices
•The Bow-Tie approach to Risk Management
•Risk Controls
•Case Study – Severn Rail Tunnel Crash
Building an Asset Management Organisation
•Organisational Structures for effective AssetManagement
oExercise –Organisation Structure
•Procurement and Supply Chain Management
oExercise –Procurement and Outsourcing
•Organisation Culture and Leadership
•Competence Management
oExercise –Asset Management Competence
Day 4 - Recap of Day 3
Asset Knowledge and Information
•Data, Information, Knowledge and Wisdom
•Asset Information Strategy
•Asset Information Standards
•Asset Information Systems
•Data and Information Management
•Exercise –Asset Management Information
Implementing Asset Management Plans
•Exercise – Asset Lifecycle Delivery Self-Assessment
•Technical Standards and Legislation
•Exercise – Technical Standards
•Configuration Management
•Case Study – Fire from Ice
•Reliability Engineering
•Fault & Incident Response
•Exercise – Reliability Engineering and FaultResponse
•Asset Creation/Acquisition
•Systems Engineering
•Exercise – Acquisition Risks
•Asset Operations
•Exercise – Operate for Reliability
•Maintenance Delivery
•Shutdown and Outage Management
•Resource Management
•Spare Parts Optimisation
•Asset Disposal
•Exercise – Asset Obsolescence Strategy
Day 5 - Recap of Day 4
Risk and Review
•Contingency Planning
•Sustainable Development
•Management of Change
•Performance Measurement
•Asset Performance and Health Monitoring
•Exercise – Asset Management KPIs
•Asset Management System Monitoring
•Asset Costing and Valuation
•Management Review, Audit and Assurance
Aligning with ISO 55001: 2014
•How and Why to Use ISO 55000: 2014, ISO55001: 2014 and ISO 55002: 2014
•Key Requirements and Their Interpretation
•Exercise – ISO 55001: 2014 Self Audit
•Review of the Key Clauses in ISO 55001: 2014
•Demonstrating Compliance with ISO 55001:2014
Course Summary
Assessment