Asset management

Summary

Understand how to manage physical assets of a business.

The aim of this course is to provide a thorough understanding of all aspects of the management of physical assets to those managers and directors who have responsibility for the delivery of company objectives associated with the effective acquisition, deployment, operation and maintenance of company assets.

This course explores the definition of assets and asset management, identifies the necessary structures and processes that are required to support and manage assets throughout their life cycle and introduces the many tools and techniques required to optimise the application and operation of physical assets to deliver the very best return on capital employed to the business.book

Who should attend?

Engineering, operations, asset managers and maintenance managers and directors working within manufacturing, industrial, utilities and commercial sectors, particularly asset intensive organisations.

How will I benefit?

After the course you will be able to:

• Understand the extent and meaning of assets and asset management
• Develop a policy, strategy and plan for asset management within your organisation
• Identify the asset life cycle and the structures needed to support assets at each stage within their life cycle
• Recognise and address the organisational and cultural issues associated with the introduction, implementation and sustainment of asset management processes
• Lead and inspire your staff to embrace and apply best practice asset management within your organisation
• Prepare you organisation for the requirements of ISO 55001 and future accreditation against the standard

Key topics

• Understanding asset management, defining and managing assets throughout their life cycle
• Asset acquisition best practice including the use of life cycle costing (LCC) and early equipment management (EEM) techniques
• Asset operation best practice including operator development and training, standard operating procedures, continuous improvement, data collection and metrics, performance management and operator asset care.
• Asset maintenance best practice including organisational requirements, maintenance plan development, work management process, spares and materials management and production engagement
• Asset appraisal and disposal issues including asset condition appraisal, repair, refurbish, replace decisions and disposal requirements
• The ISO 55001 standard, its requirements and the route to accreditation
• Developing an asset management strategic plan and the implementation issues including culture change and organisational alignment.

Meet our trainers

These trainers regularly teach Asset management.