Delivering Asset Management is a two day interactive course delivered to the assist maintainers, operators, supply officers, engineers and other stakeholders master work associated with the day-to-day care of physical assets.
In this course the strategic objectives of asset management are brought into a day to day context so that people understand why specific processes, systems and reports are necessary to inform asset management decision making. While the course acknowledges the high level policy and strategy work of ISO 55000, it brings the requirements to achieve these aspirations into a local, specific context relevant to people’s jobs.
This course will assist individuals who wish to understand how to prioritise their expenditure, set up teams for both strategic and tactical success, and ensure they work well with other stakeholder groups associated with the overall business performance of the assets.
Advice is provided to allow refinement of the course material to a specific role in the participant’s work place.
The goals for the attendees of the Delivering Asset Management course are:
Understand the policy and strategy framework which is appropriate for the organisation’s operations, budget and culture;
Learn how to optimise forward budgets for capital, maintenance and engineering undertakings to optimise current asset performance;
Understand the interfaces between different organisations within a company, and what happens when a key function is missing or not performing well;
Using information to write the essential reports needed to optimise shutdowns, maintenance strategies, investment decisions and selection of external service providers; and
Self-reviewing the organisation with performance measures and internal audits to continually tune the management of assets by an integrated team of operations, maintenance, supply, projects and others.
The learning objectives for the Delivering Asset Management course are:
Relate the detail of ISO 55000 standards and other local standards (eg government and enterprise asset management documentation) to delivering work related to assets;
Build an asset management plan which utilises condition data, reliability information, operational feedback and risk assessments in order to optimise capital investment and maintenance optimisation;
Improve the specification of roles of teams and confirm their areas of responsibilities;
Review the use of asset information and the systems managing this information so that practical improvements can be made to both system and its utilisation;
Set out a systematic specification of the life cycle processes for proposing and commissioning new assets, operations and maintenance, and the renewal of deteriorated assets to allow a self-review of gaps in the organisation’s approach; and
Specify an internal audit and performance measurement approach that will allow internal teams to identify and then focus on efficiency and productivity improvements.
The participant is expected to:
Review with other stakeholders how their team is working with each other and where there are gaps in the asset management approach;
Seek out and obtain measurements used by their company (if any) which measures how well their operational targets are being met;
Understand whether or not major capital projects have delivered their intended outcomes;
Appreciate how far out the budget forecast is set or is it reactive to just the next year’s immediate requirements; and
Consider whether or not the extensive literature now current on asset management (particularly with ISO 55000 now ratified) is relevant to their job.
This is a serious investment of time and funds and provides a rare opportunity to allow the participant to think through these concepts and seek out an improved way of undertaking their job.
Materials provided include:
Pre-course questionnaire which will allow some tailoring of the delivery to the participants’ backgrounds and specific needs;
Comprehensive reference manual and explanatory slides; and
Interactive team sessions leading to material developed by the participants, which is documented and provided back as a course report.
The course report should assist individuals focus on priority improvements which they can take back to the work place.
The pre-course questionnaire is designed for the participant to discuss with their supervisor so that they come to the course prepared to address specific day-to-day issues and find solutions they can apply back in their own work place.
The reference manual will provide a long-term benefit as a source of practical advice covering all aspects of asset management.
The learning modules for the course are shown below.
The Application of Asset Management
Aligning Asset Management with Work Delivery
Defining Continuous Improvement for Assets
Interpreting the Asset Management Standards
Engagement with Senior Management
Understanding the Organisation
Working with Multiple Teams work to Deliver Asset Management
Roles and Team Interfaces
Results when Essential Functions are Missing
Applying Policy and Strategy to People
Specifying Asset Management Strategy
Defining the Asset Management Strategy
Asset Management Objectives which are SMART
Details of assets, their Design and Operational Requirements
Measuring the Performance of the Asset Management Strategy
Using Asset Management Plans
Measuring Risk in the Assets
Asset Management Plan
Forming Proposals of Work and Portfolio Management
Avoiding Backlog in the Asset Management Plan
Condition Assessments, Life Cycle Costs and Capital PLan
Understanding Life Cycle Costs
Requirements for Condition Assessments for Critical Assets
Inspecting Assets and Adjusting Life Forecasts
Generating the Capital Plan
Technical Change Management
Feasibility Studies, Commissioning and Life Cycle Implications
Specifications for the Pre-Feasibility Study
Life Cycle Implications of the Feasibility Study
Requirements for Manufacturing and Construction Quality
Operations, Maintenance and Reliability
Life Cycle Management of In-Service Assets
Avoiding Early Retirement and Unnecessary Waste
Using Information Inform Asset Management Decision Making
Tailoring Reliability Support for Decision Making
Cultural implications of ISO 55000
Continual Improvement in Asset Management
Measuring Improvement over the Long Term
Reporting to Senior Management
Suite 2, Level 4
402-410 Chapel Road
Bankstown NSW 2200