RE0987 : Asset Management

 This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our state-of-theart simulators.
This course is designed to provide participants with a detailed and up-to-date overview of Integrated Asset Management. It covers the foundations of asset management, asset classification and hierarchy and lifecycle approach to asset optimization; the strategic asset management planning (SAMP), stakeholder roles and collaboration and regulatory and compliance considerations; the reliability-centered maintenance (RCM) processes, failure modes and effects analysis (FMEA), decision logic for maintenance strategies and implementation of RCM in oil and gas; the critical components, consequence and probability scoring, risk prioritization matrix and case application from upstream operations; the condition-based monitoring (CBM) and risk-based asset management; and the asset performance management (APM). Further, the course will also discuss the digital twin technology, lifecycle data modeling, visualization and simulations for decision-making and integrating digital twins with asset systems; the asset integrity management systems (AIMS), maintenance strategy development and computerized maintenance management systems (CMMS); the data requirements throughout asset lifecycle; the asset register integrity, standards, master data governance and cleansing; the shutdown and turnaround planning, asset cybersecurity and remote monitoring; and the lifecycle costing and economic evaluation. 
 During this interactive course, participants will learn the energy efficiency and sustainability integration, strategic planning for asset renewal and replacement and digital transformation in asset management; the cultural change in asset strategies, training and workforce alignment, leadership and communication in implementation; and overcoming resistance and sustaining engagement.