Course Information

Introduction

Objectives

Who Should Attend?

Training Method

Program Support

Daily Agenda

Part 1 / 9

Day 1:
Foundations of Asset Management

Overview of asset management principles and terminology.
Introduction to ISO 55000 and its role in standardizing practices.
Understanding asset lifecycle stages and their implications.
Case study: Lessons learned from a global utility company.


Day 2:
Risk Assessment and Mitigation Strategies

Identifying risks across asset lifecycles.
Techniques for conducting quantitative and qualitative risk assessments.
Developing risk mitigation plans using industry best practices.
Group exercise: Creating a risk matrix for a hypothetical scenario.


Day 3:
Data-Driven Decision Making

Leveraging analytics to monitor asset performance.
Tools and software for tracking asset metrics and KPIs.
Applying predictive maintenance models to reduce downtime.
Real-world example: How predictive analytics transformed fleet management.


Day 4:
Lifecycle Costing and Sustainability

Principles of lifecycle costing and its impact on budgeting.
Evaluating trade-offs between upfront costs and long-term savings.
Incorporating environmental considerations into asset management.
Workshop: Calculating lifecycle costs for a capital-intensive project.


Day 5:
Compliance and Strategic Alignment

Navigating regulatory requirements for asset management.
Aligning asset strategies with organizational mission and vision.
Building a culture of accountability and continuous improvement.
Final activity: Presenting an asset management action plan.