Asset Management: Principles and Benefits
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.
Public and private organizations 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 underutilized, then capital is tied up unnecessarily. Asset management is not just about maintenance and keeping downtime to a minimum. It is about optimizing the performance and minimizing the cost of ownership throughout the life-cycle of the asset.
Course Benefits
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Help delegates understand the fundamental principles underpinning Asset Management
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Illustrate Asset Management Principles and Benefits and show how it is developed
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Help delegates understand asset life cycle management
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Show the factors influencing an asset’s total life-cycle costs
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Help delegates understand the information requirements related to the life cycle of an asset
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Demonstrate the relationship between asset management and risk management
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Illustrate the way Asset Management is assessed requirements