Asset Management

Why Attend

The Asset Management course provides a comprehensive overview of the principles and practices of Asset Management (AM). The content is aligned to PAS 55, ISO 55000 and competency framework.

This course provides a well-rounded competency development and assurance stage for those who already have either practical experience or specialist knowledge in AM, and are now seeking a more comprehensive understanding of AM. Participants will develop a business-centered appreciation of Asset Management and will be better able to influence decisions that have AM implications.

Course Methodology

This is a highly interactive course that will include group discussions, case studies, videos, and group presentations.

Course Objectives

By the end of the course, participants will be able to:

Contribute to the generation and implementation of AM policy, strategy, objectives, and plans within their organizations
Participate in asset-related risk identification, analysis, management processes, and contingency planning
Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk, and cost of assets
Identify the information and performance measures needed for effective asset management, and evaluate the impact of asset information systems
Understand the financial implications of asset and asset management decisions for their organization, and translate technical issues into business implications

Target Audience

Participants from organizations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance, will benefit most from this course. This course is suitable for engineering and technical managers, project managers and project engineers, operations managers, maintenance managers, Facilities Managers, EHS and quality managers, and procurement and supply chain managers.

Target Competencies

Asset management
Risk identification
Contingency planning

Asset life cycle costing
Maintenance planning

Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration: TBA

Unit Standard: 243265

NQF Level: 05

Number of Credits: 12

Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

Course Outline

Introduction and overview of Asset Management (AM)
- Introduction to AM
- International Standards – ISO 55001
- Overview of good practice
- Organizational context and stakeholder needs
- Converting business plans to asset plans
- The strategic AM plan
- AM policy
- Needs and capabilities of the assets
The Asset Lifecycle
- Introducing the Asset Lifecycle
- Design and acquisition
- Commissioning and handover
- A Strategic approach to operations and maintenance
- Understanding and managing failures – Introduction to tools and techniques
  - Root Cause Analysis (RCA)
  - Failure Mode and Effect Analysis
- Managing ‘random’ failure
- Spares management
- Decommissioning, disposal, and renewal
- Asset life cycle strategies – Alignment and optimization
- Developing and optimizing AM plans
- Constraints and shutdown optimization
Planning, risk management, and decision making
- Delivering plans
  - Capital
  - Operations and maintenance
- Managing resources and change
- Outsourcing and supply chain management
- Risk management
- Asset criticality
- Contingency planning
- Value and risk-informed decision making
- Asset Management decision making – Principles and approach
- Techniques for working uncertain or sparse data
- Life Cycle Costing (LCC)
  - Introduction
  - Evaluation of options

Asset Management enablers
- Asset information – Overview
- Asset data – Fundamentals
- Dynamic data – Condition and performance
- Collecting and using tacit information
- Information systems – Introduction and overview
- Organizational structures for AM
- Assessing and developing AM competencies
- Leadership in AM
Evaluation and continual improvement
- Successful changing organizations
- Communication and culture change
- Performance evaluation
- Developing and using performance indicators
- Continual improvement
- Governance and assurance for asset management – Auditing and management review
- Maturity beyond ISO55000