Maintenance management

Asset management strategy

Develop and maintain a Strategic Asset Management Plan

2 days

Next available:

Members: £1,095 + VAT
Non-members: £1,350 + VAT

Course Location & Date
Asset management strategy
10% early bird discount applied
Hurry! 117 days left
£1,095.00 £985.50 Plus vat
Non Members:
£1,350.00 £1,215.00 Plus vat


Develop and maintain a Strategic Asset Management Plan

This course provides a detailed understanding of the processes required to manage your physical assets by creating an Asset Management Strategy. Aimed at managers, supervisors and those who have responsibility for the delivery of company objectives associated with the effective acquisition, deployment, operation and maintenance of company assets including goal setting, risk management, prioritisation and personnel challenges as described in ISO55001 and similar best practices.
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.

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

Verified Logo
Verified by an engineer, Nick Gill
"This course gives an engineer a really comprehensive foundation in the elements of an asset management system and asset management in general."
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Contributes 14 CPD hours

Good course from a very knowledgeable tutor.

Simon Dillon AWE

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.

Verified Logo
Verified by an engineer, Amer Abdulwahab Saeed
"What I learned on the course has reduced the amount of time lost due to breakdowns and has also saved us a lot of money."
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Mapped against UK- SPEC competencies: B, C, D and E

  1. Design and development of processes, systems, services and products - For Chartered Engineers: ‘Apply appropriate theoretical and practical methods to the analysis and solution of mechanical engineering problems’ For Incorporated Engineers ‘Apply appropriate theoretical and practical methods to design, develop, manufacture, construct commission, operate, maintain, decommission and re-cycle mechanical engineering processes, systems, services and products’
  2. Responsibility, management or leadership - For Incorporated and Chartered Engineers: 'Provide Technical and commercial leadership’
  3. Communication and inter-personal skills - For Incorporated and Chartered Engineers: 'Demonstrate effective interpersonal skills’
  4. Professional commitment - For Incorporated and Chartered Engineers: ‘Demonstrate a personal commitment to professional standards, recognising obligations to society, the profession and the environment’

Meet our trainers

These trainers regularly teach Asset management strategy.

  • Matthew Laskaj

    Matthew Laskaj

    Matthew is the Chair for the Institution of Mechanical Engineers Scottish Region and director of a successful engineering and training consultancy. With more than 25 years experience in a variety of countries worldwide, he has worked in a range of industries including manufacturing, food and beverage, refining, offshore oil and gas and renewable energy.

In-house and bespoke training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.


At a glance

  • Duration:
    2 days
  • Location:
    Virtual classroom
  • CPD Hours:
  • UK-Spec:
    B, C, D, E

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Tell us your team’s development needs and we’ll come to you with a specialised training programme, customised for your organisation.

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  • Off the shelf – we can deliver any of our training courses at your chosen location, providing you with a cost-effective and efficient solution
  • Tailored courses– our personalised programmes can help you work through issues specific to your team or sector and equip you with the practical tools you need to move forward
  • Blended programmes – we use a range of delivery methods, development subjects and performance resources to ensure your team have the knowledge and skills they need to help your business thrive

More about in-house and tailored training.

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Some of the companies we've worked with

  • Alten
  • AMH Material Handling
  • Avara Foods
  • bmt
  • Bombardier
  • Bombardier
  • Frazer Nash
  • Gas Networks Ireland
  • International Nuclear Services
  • JCB
  • Martin Baker
  • National Composited Centre
  • Network Rail
  • Smurfit Kappa
  • sse

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  • Over 30 years of experience delivering training
  • More than 200 courses designed for engineers
  • Over 10,000 engineers trained each year
  • Trusted by over 800 companies
  • Business solutions delivered in 48 countries

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