Fundamentals of Asset Management Training
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Fundamentals of Asset Management Training Course
Introduction:
Effectively monitoring and managing company assets is a crucial responsibility that can lead to cost and time savings for organizations. Asset management involves optimizing the utilization of company assets to generate the highest possible returns for stakeholders. Additionally, it often involves asset recovery efforts.
Companies possess a diverse range of assets, including fixed and liquid assets. It is essential for businesses to efficiently manage these assets and leverage them to achieve maximum returns. Presented below are the top ten reasons highlighting the importance of asset management.
Course Objectives:
By attending this Fundamentals of Asset Management Training course you will able to :
- Recognize and be able to apply asset management terminology, definitions and principles
- Identify and manage the expectations of stakeholders with respect to asset management
- Become familiar with internationally recognized asset management methodologies and good practices
- Understand best practice techniques for achieving effective asset management
- Discuss & learn the practical application of these best practices, through case studies & exercises
- Understand the range of technical & human risks associated with asset management & how they can be mitigated
- Understand the content and value of ISO 55000, the international standard on Asset Management
- Apply ‘Good Asset Management Practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
- Assess the current state of Asset Management best practices
Who Should Attend?
Fundamentals of Asset Management Training course is ideal for :
- All professionals involved in managing or participating in Asset Management and Facilities Management processes, including all staff in the Asset Management & Maintenance department, Facilities Management, Building Maintenance, IT, Operations and Finance
- Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of their organizations
Course Outlines:
Principals of Asset Management
- Asset Management as a Business Process
- Asset Management Scope & Definitions
- Asset Management Conceptual Model
- Asset Management Strategy & Planning
- Asset Management Roles - about roles, expectations and responsibilities
- ISO 550000 – The International Standard on Asset Management
- Certification Procedure
Assessing & Managing Asset Management Risks
- Identification and Assessment of Risk
- Risk in Asset Management
- Significance of Risk
- Risk on Business Level
- Stakeholder Risks
- Risk on Asset Level
Asset Management Policy, Strategy and Planning
- Asset Management Policy
- Developing (Strategic) Asset Management Plan(s)
- Implementing (Strategic) Asset Management Plan(s)
- Long Term Maintenance & Investment Planning
- Information and Configuration Management
Managing Asset Lifecycle Decisions & Activities
- Life Cycle of Assets and its Aspect
- Systems Engineering
- RAMS Aspects (Reliability Availability Maintainability Safety)
- Renewal, Disposal and Lifetime Extension
- Sourcing & Outsourcing
Financial & Business Impact of Asset Management
- Financial Management – Basics
- Budgeting
- Life Cycle Costing
- The Business Case for Asset Management
- Wrap-up