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Introduction to Asset Management » MA03

Introduction to Asset Management

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Course Overview

What is the purpose of asset management?

The field of Asset Management includes professional investment and portfolio management for institutional clients. These include pension funds, life insurance companies and mutual funds. Asset-intensive companies are faced with aging assets, competitive markets, resistive culture, rapid technological changes, climate change, and volatile markets. In today’s world, asset managers must align their assets, business operations, and risk management principles to strategically benefit from this synergy. This training program allows the modern asset manager to focus on multi-faceted business processes that harmonise asset management across organisational departments to make optimised asset management decisions.

What are the fundamentals of asset management?

This course concentrates on global best practices to manage assets. Because this course is based on three fundamental pillars: asset performance, asset risk management and business/financial management, delegates will leave with an in-depth knowledge of effective asset management and cross-functional team behaviour.

This Zoe training course will empower you with detailed knowledge in the topics related to general building maintenance. It includes facility management, asset management, professional development, and fire/life safety.

Course Objectives

On completing this Introduction to Asset Management course successfully, participants will be able to:

  • Understand Asset Management and how it can contribute to the realisation of the corporate strategy of your organisation
  • Learn the content and value of the international standards on Asset Management
  • Implement effective Asset Management practices
  • Evaluate the current state of Asset Management best practices
  • Devise an implementation plan for Asset Management
  • Participate in the generation and implementation of Asset Management policy, strategy, objectives and plans within their organisations
  • Partake in asset-related risk identification, analysis, management processes, and contingency planning
  • Recognise the asset lifecycle and the role of suitable tools to optimise the performance, risk, and cost of assets
  • Distinguish the information and performance measures needed for effective asset management and evaluate the impact of asset information systems
  • Realise the financial implications of asset management decisions for your organisation and translate technical issues into business consequences

Training Methodology

This collaborative Introduction to Asset Management training program will comprise the following training methods:

  • Interactive Lectures
  • Seminars & Presentations
  • Video Clips
  • Group Discussions
  • Assignments
  • Case Studies & Functional Exercises

Similar to all our training programs, this training program also follows the ‘Do-Review-Learn-Apply’ model

Organisational Benefits

Companies who nominate their employees to participate in this Introduction to Asset Management course can benefit in the following ways:

  • Improve your technique of acquiring and utilizing assets by keeping tabs on your company’s assets throughout their life cycle
  • Enhance compliance with government protocols and procedures pertaining to your organisational assets
  • Assess which asset management objectives are feasible and which ones need to be prioritised
  • Maintain a complete asset inventory with accurate measures of total count of assets, where the assets are, the value of each asset, when the assets were acquired, and the expected life cycles of the assets
  • Benefit from training your employees on the definition and importance of mechanical information, along with the different roles played within the Asset Management guidelines
  • Learn and apply standards in Asset Management, safe operation and monitoring of equipment, and equipment maintenance
  • Delegates will be able to apply the gained knowledge through this course and practice skills and that will impact their respective companies

Personal Benefits

Individuals who participate in this Introduction to Asset Management course can gain from it in the following ways:

  • Learn how to calculate the entire life-cycle costs of each asset rather than only its initial costs
  • Make more informed decisions to support the long-term success of your organisation’s mission, goals, and objectives
  • Assess the risk implications of asset failure to help focus your resources on critical priorities and reduce overall risk
  • Reduce unexpected failures with structured day-to-day attention to assets, thus minimising emergency repairs, costly lawsuits, and customer relations problems
  • Become an expert in the field of Asset Management to expand your professional horizons on a global scale
  • Help your role in the oil and gas, automobile, production, construction and aeronautics industries
  • Secure a relevant job anywhere in the world with the right knowledge in Asset Management
  • Get promoted in your current job in the Asset Management field
  • Gain the skills and knowledge needed to excel in your tasks with competence and accuracy
  • Master the knowledge and techniques to see the future of an effective Asset Management process
  • Discover how to work well with your assets and the risks of not being able to utilise them effectively
  • Contribute to your organisation by being knowledgeable enough to determine the need for an Asset Management program/process at your workplace or understand an existing program better
  • Get an opportunity to work through hands-on exercises in detail to gain the skills needed to facilitate an Asset Management study
  • Gain the skills to plan, manage, facilitate, and scribe for an Asset Management project

Who Should Attend?

This Introduction to Asset Management course would be suitable for:

  • Project managers
  • Project engineers
  • Engineering and technical managers
  • Operations managers
  • Maintenance managers
  • Facilities Managers
  • Procurement and supply chain managers
  • EHS and quality managers

Course Outline

Module 1: Introduction to Asset Management

  • Introduction to Asset Management
  • Business Processes for Asset Management
  • Asset Management Landscape Model
  • Strategy Framework
  • Line of Sight
  • Asset Management Policies
  • Asset Management Strategy
  • Goal Setting
  • Strategic Asset Management Plan
  • Asset Management Roles: Roles, Expectations, and Responsibilities

Module 2: Asset Management Practices

  • Key Aspects of Asset Management:
    • Assets
    • Value
    • Leadership
    • Alignment
    • Assurance
  • Identifying Risk
  • Significance of Risk
  • Risk Management on Business Level
  • Stakeholder Management
  • Risk Based Maintenance for Assets

Module 3: Facilities Management Practice

  • Sourcing & Outsourcing
  • Procurement Aspects
  • Defining Level of Service
  • Defining the Right KPI
  • How to Measure the Contractor Performance
  • How to Measure the 3rdParty Contractor Performance
  • Vendor Management

Module 4: Operation and Practices

  • Assets & Facilities Life Cycle Management
  • Demand Forecasting
  • Systems Engineering
  • Condition Assessment and Monitoring
  • Information & Configuration Management
  • Life Cycle Costing

Module 5: Strategy Planning & Implementation Aspects

  • Asset Management Assessment – Assessment Tools
  • Asset Management Teams
  • Changing the Behaviour of People
  • Implementation of Asset Management

Module 6: Asset Management Enablers

  • Asset Management Enablers
  • Whole Life (Cycle) Planning
  • Asset Information Management
  • Operational and Financial Principles in Asset Management
  • Risk Management Principles in Asset Management
  • Risk Management Principles in Asset Management
  • Value-based Decision-making in Asset Management

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