Essentials of Asset Management

Essentials of Asset Management

Monday 25 Oct 2021

  • Duration: One Week
  • City: Madrid
  • Fees: Classroom: 4250 GBP / Online: 1925 GBP



Asset management is an important skill, which is required for educated investment decision making in many industrial sectors such as Defence, Aerospace, Oil and Gas, Public Transport and power distribution networks and various others.

This course will provide the necessary skills required for the best setting up of asset management practice, which is of importance to economy of many countries.

Complete training based on international standards on asset management, training on PAS 55 and ISO 55000 and implementation of best practise

Course Objectives:

  • Offering complete guidance on asset management practice
  • Understanding the PAS 55 and ISO 55000 and training on implementation
  • Methods for optimization of Asset management
  • Training on Practical skills

Course Outlines:

Day 1

Methodology and Introduction to Asset Management

  • Understanding the concept of asset management
  • Relationship of asset and maintenance management in business process
  • Model structure of the asset management system
  • Understanding the concept of “Strategy frame-work and Line of sight”
  • Goal setting and asset management policy and strategy of assets

Day 2

PAS 55 and ISO 55000

  • Introduction to asset management roles and standards
  • “Sourcing and Outsourcing” roles
  • Concept of stakeholder management
  • Understanding the BSI-PAS 55:2008 – British standard
  • ISO 55000 – international standard
  • Procedures for certification

Day 3

Practice of Best Asset Management – chapter 1

  • Methodology and introduction
  • “Demand forecasting and level of service and measuring performance”
  • Identifying the key performance indicators
  • Assessing the conditions and monitoring
  • Past performance and information and configuration management
  • Asset procurement and vendor management

Day 4

Practice of Best Asset Management – chapter 2

  • Revision and recap of chapter 1
  • Life cycle costing and risk management
  • Concept of “Risk based maintenance” (RBM)

Day 5

Implementation of Asset Management

  • Revision of the two chapters
  • Case studies on proper implementation of asset management
  • Assigning asset management teams and assessment
  • How to change people’s behaviour
  • Review of the course and “Question and Answer session”
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