Delivering Asset Management

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 55001 and BSI PAS 55, 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 workplace.

Course Goals

The goals for the attendees of the Delivering Asset Management course are:

  1. Understand the policy and strategy framework which is appropriate for the organisation’s operations, budget and culture;
  2. Learn how to optimise forward budgets for capital, maintenance and engineering undertakings to optimise current asset performance;
  3. Understand the interfaces between different organisations within a company, and what happens when a key function is missing or not performing well;
  4. Using information to write the essential reports needed to optimise shutdowns, maintenance strategies, investment decisions and selection of external service providers; and
  5. Self-review of 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.

Learning Objectives

The learning objectives for the Delivering Asset Management course are:

  1. Relate the detail of ISO 55000 standards, PAS 55 and other local standards (eg government and enterprise asset management documentation) to delivering work related to assets;
  2. 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;
  3. Improve the specification of roles of teams and confirm their areas of responsibilities;
  4. 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;
  5. 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
  6. 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 justify the next year’s immediate requirements; and
  • Consider whether or not the extensive literature now current on asset management 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.

Learning Materials

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.

Course Outline

The learning modules for the course are shown below.

The Application of Asset Management

  • Corporate Objectives and the External Environment
  • Defining the AMS
  • The Integrated Management System
  • Senior Management and Policy

Understanding the Organisation

  • End to End Work Flow Process
  • Service Levels
  • Leadership and Communication
  • Training and Competency
  • Contractor Management
  • Asset Information Systems

Specifying Asset Management Strategy

  • Defining the Asset Management Strategy
  • Asset Management Objectives
  • Understanding the Asset Portfolio
  • Asset Information System

Asset Planning

  • Risk Management
  • Asset Management Plan (AMP)
  • Planning and Workflow

Life Cycle Management and the Capital Plan

  • Understanding Life Cycle Processes
  • Generating the Capital Plan
  • Technical Change Management

Operational Readiness, Commissioning and Life Cycle Implications

  • Specifications for the Pre-Feasibility Study
  • Life Cycle Implications of the Feasibility Study
  • Requirements for Manufacturing and Construction Quality
  • Commissioning Assets

In-service Support, Maintenance and Reliability

  • Maintenance Strategy
  • Work Management Process
  • Preventive Maintenance
  • Condition Monitoring Framework
  • Reliability and Improvement

Continual Improvement in Asset Management

  • Performance Measurement
  • Internal Auditing
  • Management of Nonconformity
  • Continual Improvement Plan