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INTRODUCTION TO ASSET MANAGEMENT AND ASSET RISK MANAGEMENT BASED ON ISO 55000

Assets, and value realized from them, are the basis for any organisation delivering what it aims to do. Whether public or private sector, and whether the assets are physical, financial, human or ‘intangible’, it is good asset management that maximises value-for-money and satisfaction of stakeholders expectations. It involves the coordinated and optimized planning, asset selection, acquisition/development, utilization, care (maintenance) and ultimate disposal or renewal of the appropriate assets and asset systems. Insights into the integration and optimization of asset management have developed since the 1990s (from the oil & gas industry), to identify a range of essential business processes, alignment activities and system integration features that yield very significant performance benefits.

asset-management

COURSE DURATION:  2 DAYS

INTRODUCTION TO ASSET MANAGEMENT

This 2-day, training workshop is designed for management involved in asset management and maintenance, infrastructure and capital projects as well as engineers and consultants that deal with the complexities of asset management functions daily.

The objective is to provide attendees with the necessary perspective, knowledge and skills to understand the risks and benefits of asset management and to learn how it assists in:

  • The management of physical infrastructure assets
  • Establishing the promotion of business capability and performance within the organisation

The course is aligned with the ISO 55001 content. It provides an opportunity for asset management professionals to understand the requirements that ensure optimal management of the organisation’s assets and their associated performance over their lifecycle.

WHO SHOULD ATTEND:

Any person with the responsibility for or interest in physical asset management. This will include asset managers, decision-makers, risk managers, organizational development managers, financial managers and operational managers. It is recommended that the members of the Asset Management steering committee attend this course.

PRE-REQUISITE:

This is an introductory course in the requirements of the ISO 55001 standard. This standard is based on the structure of ISO management system standards and follows a risk-based approach. It would be advantageous to have had exposure to other ISO management standards or risk management or BS PAS 55.

OUTCOME:

With the successful completion of this course, the participant will be able to:

  • Describe the concepts, approaches, methods and techniques allowing an effective asset management process guided by ISO 55001
  • Discover the relationship between the asset risk management and the compliance with the requirements of different stakeholders of an organization
  • Acquire the competence to implement, maintain and manage an ongoing asset management program following ISO 55001
  • Acquire the competence to effectively advise organisations on the best practices in asset management and asset risk management

HOW WILL I BENEFIT?:

  • Improve stakeholder confidence and trust through asset management and good practice techniques.
  • Identify and minimize potential loss of asset functionality identified by threats/risk analysis using the application of management system controls.
  • Identify asset management methods to mitigate risk and find opportunities thus improving management of the assets and organisational resilience.

COURSE VENUE:

Courses are presented in most provinces including Gauteng, Cape Town and Durban.

ADDITIONAL INFORMATION:

The course is CPD Accredited by SAAMA / ECSA (you will earn 2 CPD Points on completion of this course)

A comprehensive participant set of notes is provided

Refreshments and buffet lunch included.

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