Asset Management Training

Learning Outcomes

• Apply asset management principles to optimize asset performance and lifecycle costs.
• Analyze asset data to make informed decisions on acquisition, maintenance, and disposal.
• Evaluate asset management systems and processes for compliance with organizational and regulatory standards.
• Design an asset management plan that aligns with strategic objectives.
• Implement asset tracking and inventory control procedures.
• Demonstrate the ability to conduct asset risk assessments and mitigation strategies.

Target Audience

This course is designed for managers, supervisors, and professionals responsible for asset management in public or private sector organizations. It is also suitable for individuals seeking to enhance their skills in asset lifecycle management.

Prerequisites

None — open enrollment. However, a basic understanding of business operations is beneficial.

Course Outline

Practicals

Overview

The practicals reinforce theoretical concepts through hands-on exercises in asset life-cycle costing, risk assessment, maintenance planning, condition monitoring, and the development of an asset management plan. Learners use real-world scenarios and software tools to apply asset management principles in a simulated environment.

Practical Activities

• Practical 1: Life-Cycle Costing and Acquisition Decision — Learners calculate life-cycle costs for two asset options using spreadsheets, perform sensitivity analysis, and recommend an acquisition based on financial and risk criteria. (4h)
• Practical 2: Risk Assessment and FMEA — Learners conduct a risk assessment on a selected asset, complete a failure mode and effects analysis (FMEA) worksheet, and propose mitigation actions. (4h)
• Practical 3: Maintenance Planning and Scheduling — Using a CMMS simulation, learners create a preventive maintenance schedule, generate work orders, and allocate resources for a given asset set. (4h)
• Practical 4: Asset Management Plan Development — In groups, learners develop a comprehensive asset management plan for a case study organisation, including strategy, lifecycle activities, risk management, and performance monitoring. (4h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.