Objectives
An organisation is nothing but an asset and each asset hasgot potential or actual value to an organization. The Asset could be of anytype and acquisition / creation / renewal, operation, maintenance andreplacement / disposal of the assets that make up any organisation'sinfrastructure is a constant and ongoing task. To efficiently manage thisimportant part of an organisation's business, it is essential to haveunderstanding of the concept of Asset Management.
Organisations are all striving for Optimised AssetManagement which demands that people, processes and information are all insync, and include the extended supply chain and business partners. All businessprocesses require specific, accurate and complete data. Yet many Organisationsare unable to determine where to start. Where poor data that is missing orincomplete is linked to the business process, the process itself is compromisedleading to wasted time and money. The ISO 55001 guides Organisations to buildAsset Management Systems based on robust fundamental data, processes and informationensuring sustainable optimised Asset management
As the demand on Organisations increase for deliveringhigher levels of output / service performance at lower cost, there is a greaterneed to understand the discipline of asset management. Senior Managers find themselves morefrequently challenged with questions like:
• What asset related risks are we carrying, and how doesthat retained risk profile change with time over the period for which we areresponsible for the assets?
• Why do we need toinvest this much money and resource into our asset base and what are theconsequences of reducing that, both now and in the future?
• Are there benefits associated with outsourcing some or allof our activities and how does that change our risk and cost profiles?
• Do we have the capabilities, competences and informationto make sound decisions on asset investments and implement effectively theactions arising from those decisions?
An organization that implements an asset management systemcan achieve significant competitive or operational advantages by ensuring thatassets are made available where they provide the most benefit. An assetmanagement system is needed to coordinate and control activities undertaken onassets by the organization over different life cycle stages, and to alignthese.
Who the course is for
BENEFITS
Derivation from Asset Management System
Stimulate or Improve other programs/organisationalfunctions
Bring in new perspective to the organization and newideas on value creation from assets For Top Management
Gain understanding of assets, their performance,investment needs
Input to decision making, strategy development andbusiness planning
Recognise and address barriers between functions thatprevent integrated life cycle managing of assets.
Better assessment of financial position and fundingrequirement
Create clear, concise and relevant audit reports
Course Contents
Overview of Asset Management
Asset Management system applicability to organizations
Asset Management system principles
Understand the requirements of ISO 55001 standard forimplementation
Asset Management system (AMS) planning
Resource requirement and Competence
Importance of communication within AMS
Evaluating performance of AMS
Improvement of AMS
Implementation issues with samples
Audit Techniques
Case studies, individual exercises and group presentation
Group discussion
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End date |
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Coming soon