COURSE OVERVIEW

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Asset Management Strategies. It covers the fundamentals of asset management and development of an asset management strategy by identifying asset priorities and establishing asset management objectives; the asset management policy and governance; the risk mitigation strategies and integrating risk management in asset planning; the portfolio management, asset prioritization techniques and optimizing portfolio performance; and the stakeholder and performance engagement in asset management, data collection methods and data analysis techniques. 

 

Further, the course will also discuss the asset management information systems (AMIS) and the role of technology in asset management; the condition monitoring, predictive maintenance techniques, data-driven insights for maintenance planning and predictive analytics; the data quality and governance in asset management, benchmarking approaches and the results for continuous improvement; and the asset lifecycle management, maintenance management strategies, reliability-centered maintenance (RCM), total productive maintenance (TPM) and failure mode and effects analysis (FMEA). 

 

During this interactive course, participants will learn the maintenance optimization techniques, asset valuation matters and the asset depreciation calculation; the cost-benefit analysis, assessing the financial impact of asset decisions, justifying asset investments, managing costs for asset maintenance and replacement; developing an asset management budget and forecasting, allocating funds for asset maintenance and monitoring and adjusting budgets; the capital planning process, asset replacement, asset lifecycle cost optimization and sustainability in asset management; the investment and financial planning for asset management, strategic asset optimization and digital transformation in asset management; building asset resilience, identifying and managing risks and contingency planning, risk mitigation and integrating resilience into asset management; and the change management, continuous improvement, innovation in asset management, regular asset management reviews and asset performance and ROI evaluation.