Basic Asset Management

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Basic Asset Management

Basic Asset Management. The management of physical assets like chemical plants, power distribution networks, rolling stock, offshore platforms, roads, waterways, buildings, etc. is critical to the economy of many countries.

How we manage physical determines the efficiency of companies and how competitive we are in the world market. Much money is spent annually on maintaining and developing the asset base and providing services to improve asset management has in itself become a significant competitive market internationally.

Asset Management has been increasingly recognized as the key to improved investment decision making across all sectors, from Oil & Gas, Defence, Aerospace, Manufacturing, Public Transport and Electricity and Water Production & Distribution. Regulators require to develop and present strategic Asset Management Plans aligned with the corporate strategy.

The implementation of ‘good Asset Management practice’ will contribute in realizing the corporate strategy and it becomes more and more important to prove this by showing results.

Basic Asset Management seminar will highlight:

The Basic Principles of Asset Management

ISO 55000, the International Standard on Asset Management

The Implementation of ‘Good Asset Management Practice’

How to realize higher performance at a lower cost within compliance

Assessing the current state of your Asset Management process and determine the gaps

How to draw up an Asset Management implementation plan

Gain greater skills, confidence, and professional recognition.

Asset Management can reduce maintenance costs, increase the economic life of capital equipment, reduce company liability, increase the reliability of systems and components, and reduce the number of repairs to systems and components. When properly executed, it can have a significant impact on an organization’s bottom line.

This course designed to provide the Asset Management professional with the most current and up-to-date training information related to the area of Asset Management.

This program is designed to advance IAM courses objectives.

You might be interested in another Asset Management programs as a next step.

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  • View Schedule
  • COURSE TYPE Practitioner
  • DURATION 5 Days


By attending the participants’ will:

Gain understanding and practical insight of ‘good Asset Management practice.’

Improve their level of personal knowledge

Work more efficiently by focusing on the processes and activities that contribute to the corporate goals of the organization

Add value for themselves

Be able to plan and develop a future career


Training is recognized by the IAM – Institute of Asset Management as an approved provider of continuing education and training aligned with crucial subject areas related to asset management.

Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.



Module 1: Introduction to Asset Management

Introduction to the Subject

Asset Management as a business process

The Asset Management Landscape Model (Conceptual Framework)

Strategy Aspects

Line of Sight

Asset Management Policy, Asset Management Strategy

Goal Setting

(Strategic) Asset Management Plan (SAMP)

Feedback & Improvement

Asset Management Roles – about roles, expectations, and responsibilities

ISO 550000 – the International Standard on Asset Management

Certification Procedure

Module 2: Good Asset Management Practice – Risk Management

Identifying Risk

Significance of Risk

Risk Management on Business Level

Stakeholder Management

Risk-Based Maintenance (RBM) for Assets

Smart Maintenance 2.0

Module 3: Good Asset Management Practice – Sourcing & Outsourcing

Sourcing & Outsourcing – who does what and why?

Procurement Aspects

Defining Level of Service

Identifying the Right Key Performance Indicators – leading & lagging indicators

How to Measure the Contractor Performance

Vendor Management

Module 4: Good Asset & Facilities Management Practice – Life Cycle Management

Life Cycle Management for Assets

Demand Forecasting

Systems Engineering


Condition Assessment and Monitoring

Information & Configuration Management

Life Cycle Costing (LCC)

Module 5: Assessment – Gap Analysis & Implementation Aspects

Asset Management assessment – assessment tools

Asset Management Teams

Changing the Behaviour of People

Implementation of Asset Management

  • In The Classroom

  • Live, Online

  • Private Team Training

  • Indiviual Private Session

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