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Effective Asset Management Strategies and Plans

Training Course

1 Day

Senior Management

It is an information-packed, practical course for people who will be responsible for the development, implementation, maintenance or auditing of an organisation's Strategic Asset Management Plan and Asset Management Plans. Led by CAMA Certified Asset Management Assessors, participants will gain a detailed insight into:
• Analysing strategic requirements and establishing Asset Management Objectives
• Developing the Strategic Asset Management Plan
• Forecasting and analysing future user requirements and demands
• Planning the implementation of the Strategic Asset Management Plan
• Appraising investment options and applying whole life costing principles
• Planning for contingencies
• Developing and communicating AM plans

Effective Asset Management Strategies and Plans

Introduction •Outline the contents of the training package
•Introductions to other participants and their roles in AM
•Gain an understanding of what is expected through the course
•Objectives of the training course Strategic Asset Management Plans
•Outline and describe a Strategic Asset Management Plan
•The role of the Asset Management Policy in guiding the Strategic Asset Management Plan
•Organisational Objectives, Asset Management Objectives and how the Strategic Asset ManagementPlan supports the achievement of these
•The necessary relationships between the Organisational Plan and Strategic Asset Management Planand Asset Management Plans
•Identifying critical assets
•Considering the lifecycle of assets
Case Study Activity – Formulate or review a Strategic Asset Management Plan for a case study example

Asset Management Planning
•Outline and describe Asset Management plans
•Information sources for Asset Management plans
•Relationship with the Strategic Asset Management Pl
•Optimisation and prioritisation of Asset Management plans
•Cost and performance analysis methods and techniques
•Stakeholder interest
•Whole life costing principles
Activity – Carry out a whole life costing exercise on a piece of equipment
•Design and use of KPIs and balanced scorecard techniques.
•Tracking benefits of Asset Management
•Sustainability of Asset Management Plans
•Business cases to support investment decisions
Activity – Develop an Asset Management Plan for a case study example
Assessment
Course Summary

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