MN09
Course Contents
Module 1 - Asset Management Overview
Key Topics
- Introduction and background to Asset Management (AM)
- Why is AM important? (Key Drivers and Benefits)
- The scope of Asset Management
- AM Model
- Strategy & Planning
- AM Decision Making
- Life Cycle Delivery (Acquire, Operate, Maintain & Dispose of)
- Asset information
- Organization & People
- Risk & Review
Module 2 - Asset Management Good Practices
Key Topics
- Understanding stakeholders and their requirements – including examples of Stakeholders and ways they could affect an organization’s AM activities.
- Alignment of AM activities to deliver organizational objectives
- AM Policy, AM strategies (the SAMP)
- AM plans, and delivery of life cycle activities.
Module 3 - Understanding and Managing Risk
Key Topics
- Risk definitions (ISO 55000) and the risk matrix.
- Understanding criticality (of assets and AM activities).
- Risk management processes (ISO 31000) – assessment, treatment, and monitoring.
- Whole life cycle decision-making.
- Examples of asset life cycle costs.
- Typical asset life decisions – when, and why, it is important to consider asset life cycle costs.
- Effective monitoring and assurance.
- Assets – understanding condition and performance.
- Asset management activities – monitoring and audit.
- Team working and collaboration.
- ISO 55000 – the good practice management system standard for AM (benefits and overview).
Module 4 - The Asset Management Journey
Key Topics
- The Organizational AM Journey.
- Where and how to start? Assessment of AM capability.
- Developing AM competencies (the key roles of the IAM Competencies Framework).
- The Individual AM Journey – developing your AM knowledge & understanding.
- IAM resources to support Individual and Organizational Journeys.
