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Executive Awareness of Asset Management and ISO 55001

Course Duration: Four Hours

Course Summary:

Provides Senior Managers with an appreciation of the business/operational context of asset management, the role of asset management to support business needs and achievement of operational needs and deliver “value for money” and the business’ Asset Management Objectives.

Objectives:

    • Gain an awareness of the Fundamentals of Asset Management
    • Gain an awareness of the 13 Key Asset Management essentials that can reduce Whole of Life Costs

    Strategic:

    • Link maintenance/operations and asset investment programmes (and tasks) to business needs
    • Develop a supporting Leadership and workplace culture
    • Organisational roles and responsibilities and authority
    • Identify Strategies for Contracting Out

    Planning

    • Identify Maintenance Requirements Determination process:
      • Develop a Failure Mode, Effects and Criticality Analysis (FMECA) analytical process
      • Develop a Level of Repair Analysis (LORA) analytical process
      • Develop a Reliability-centered Maintenance (RCM) analytical process
      • Develop a TA analytical process
      • Develop an asset Repair/Replace decision process
    • Identify Technology (software and hardware) changes
    • Identify Asset Obsolescence issues
    • Identify asset investment requirements
    • Identify Data and information needs
    • Materials management (logistics) requirements

    Scheduling and Execution

    • Operational planning and control

    Continual Improvement

    • FRACAS tool/process to support Continual Improvement
    • Asset Management Maturity Improvement Plan

Target Audience:

Senior workplace business, technical and financial decision makers

Course Content:

  • A very high-level awareness of the following important AM topics:
    • Relevant References
    • Why do we need to discuss Asset Management?
    • What are Assets?
    • What is Asset Management?
    • The Principles of Asset Management
    • The Asset Management Concept Model
    • The Role and Value of Asset Management
    • Role and Worth of Asset Management – from a Commercial perspective
    • Managing Assets versus Asset Management
    • The Asset Management System
    • Asset Management Processes
    • The Capability Delivery Model
    • The Key Disciplines of Asset Management
    • How to put it all together?
    • Leadership and Culture
    • The value of an Asset Management Culture
    • Cost Management
    • Costs over the Life Cycle
    • Introduction to ISO 55000 Asset Management
    • Artefacts of the Asset Management System
    • Asset Management Policy
    • Strategic Asset Management Plan
    • Asset Management Plans
    • What does ISO 55001 not do?
    • Toward a Defensible Maintenance Budget
    • Applied Risk Management

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