The Principles of Asset Management

About The Principles of Asset Management

This 4-day course is delivered as a scheduled workshop or on-site. It discusses the core concepts and the practical applications in a highly interactive manner. This course is suitable for those with some experience of physical asset management; they may have some specific maintenance experience, but little knowledge of the wider context, such as business strategy, risk management, life cycle costing etc.

It is suitable for those with at least 3 years’ practical experience in the asset-intensive industry with knowledge of business strategy, risk management, life cycle costing etc. Public and private organisations invest vast sums of money in assets. These might be infrastructure, utilities, buildings and machinery in sectors such as oil, gas, chemical, utilities, engineering, transport and manufacturing. If you sweat your assets too much they may fail and incur expensive repair and loss of product/service costs. If your asset is underutilised, then capital is tied up unnecessarily. Asset management is not just about maintenance and keeping downtime to a minimum. It is about optimising the performance and minimising the cost of ownership throughout the life-cycle of the asset. MCP is one of the Institute of Asset Management’s Endorsed Training Providers. Our course will:

• Help delegates understand the fundamental principles underpinning Asset Management

• Illustrate Asset Management Policy & Strategy and show how it is developed

• Help delegates understand asset life cycle management

• Show the factors influencing an asset’s total life-cycle costs

• Help delegates understand the information requirements related to the life cycle of an asset

• Demonstrate the relationship between asset management and risk management

• Illustrate the way Asset Management is assessed (BS ISO 55001 requirements