Price: AED 4,500


Timing: Flexible

Course Overview

Provide a step-by-step guide to Asset Management best practices (as part of PAS 55 & ISO 55000).
Understand best practice techniques for achieving effective asset management.
Discuss & learn the practical application of these best practices, through case studies & exercises.
Understand the range of technical & human risks associated with asset management & how they can be mitigated.
Develop an action plan to utilize these technologies in their own areas of responsibility, fitting them into the overall asset management strategy, and measuring benefits.
Understand the basics of facilities management
Understand how to draw up a preventive maintenance concept, based on risk
Develop strategies to decide when and what to outsource
Understand the different contract types
Identify and monitor the facilities management-processes performance
To instruct Maintenance Management optimization best practice techniques
To provide opportunities to discuss the application of these best practices
Provide an opportunity to learn these concepts through practical exercises

Who is this Course for?

This course is suitable to a wide range of professionals but will greatly benefit professionals in different branches who are involved in any aspect of asset management, facility management, and Maintenance Management.

Project, Design & Maintenance Management
Maintenance & Reliability Engineering
Technical & Quality Support
Professionals who are responsible for the management, operation and maintenance of facilities (buildings, production facilities, utilities, power and water distributions networks landscaping, etc.)
Professionals aiming to update themselves on the basic elements, best practices and implementation aspects of facilities management.
It is highly recommended that all Maintenance, Reliability, Engineering and technical support staff including leadership and management.

How will this be Presented?

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. It is composed in such a way that it can be held for all professionals involved in managing or implementing asset management processes. It is conducted along course principles with formal lectures and many interactive exercises. Relevant case studies illustrate the application of each subject in an operations environment and each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.

Course Outline

Day One: Introduction to Asset Management & Strategy Framework

The business impact of asset & maintenance management
Asset Management process model & strategy framework
Asset Strategy – Asset Management Policy, Asset Management Strategy, Asset Management Plan
Asset Management roles
Differences between PAS55 & ISO 55000 series & the Assessment & certification: PAM & SAM
Self-assessment tool

Day Two: In Control of Risk

Identification & assessment of risk
Risk management: Risk Matrix, Risk Register & Hazard Log
Safety Management System & Contingency Planning
Stakeholder analysis – stakeholder risks
Risk based maintenance concept

Day Three:Life Cycle Management

Life cycle of an asset
Creation and acquisition of assets: demand forecasting, asset portfolio evaluation
Procurement Aspects
Systems Engineering & RAMS Specification: Operational & maintenance workflow
Renewal, disposal and lifetime extension of assets

Day Four: Asset Information Management

Asset information requirements: Asset data & knowledge, Asset knowledge standards
Using asset management information: Asset information strategy, Stakeholder acknowledgment
(Key) Performance Indicators
Specifications, selection, selection & use of asset information systems & tools
Asset knowledge system & procedures; data collection, storage, dissemination & maintenance

Day Five:Financial & Business Impact

Cash flow & Budgeting
Life Cycle Costing principles
Asset Management planning: long term investment plan / long term maintenance plan (MIP/MJO)
Change management
Competency framework

Career Path

 The asset management system, organization & risk-based framework specified in PAS 55 & ISO 55000 series
 Life cycle costing advantages and issues
 Asset policies & strategies derived from the business plan
 Formulating effective asset management plans and ensuring that they are carried out
 Continuous improvement and the learning organization
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