Asset Management Fundamentals

Asset Management Fundamentals

Course Title:         Asset Management Fundamentals Training course 

Summary:     The course provides an intensive coverage of the principles and practices of Asset Management. The content is aligned to ISO55000 and the Institute of Asset Management (IAM) competency framework, with a view to preparing attendees to pass the IAM Certificate in Asset Management examination. It is suited to unexperienced and experienced practitioners with industrials and infrastructure asset management responsibilities, who can relate concepts to their work environment. The course is delivered through intensive and interactive online teaching, including reinforcing exercises and tests, supported by assignments and directed reading.

Scope:
The course is aligned with ISO55000 and the Institute of Asset Management (IAM) competency framework. The course provides a well-rounded competency development for those who do not have practical experience. It also provides an assurance stage for those who already have specialist knowledge, and now seeking a more comprehensive understanding.

The course covers the 5 modules of the IAM Certificate in Asset Management qualification:

Module 1 – The Principles of Asset Management
Module 2 – Asset Management Policy, Strategy and Planning
Module 3 – Managing Asset Life Cycle Decisions and Activities
Module 4 – Assessing and Managing Asset Management Risks
Module 5 – The Financial and Business Impact of Asset Management

Learning Outcomes:

  1. Contribute to generation and implementation of AM policy, strategy, objectives, and plans
  2. Participate in asset-related risk identification, analysis, management processes and contingency planning
  3. Understand the asset lifecycle and the role of the appropriate tools to optimize the performance, risk, and cost of the assets
  4. Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information system
  5. Understand the financial implications of asset and asset management decisions for the organization, and translate technical issues into business implications       

Benefits to Participants

  • The participants will develop a business-centered appreciation of asset management and will be better able to influence decisions that have AM implications.
  • The course is deliberately cross-disciplinary and should help to foster effective team-working and break down the disciplinary silos
  • The participants will be equipped to pass the IAM Certificate Examination

Target Participants: 

  • Asset management VPs and leaders
  • Asset managers and engineers
  • Engineering and technical managers
  • Project managers and engineers
  • Operations managers and engineers
  • Maintenance managers and engineers
  • Planners and planning engineers
  • Facilities managers
  • HSE and quality managers and engineers
  • Procurement and supply chain staff

Delivery:
This is 12 hours online course delivered over 3 days, 4 learning hours per day. The course includes case studies, practices, and exercises to measure the readiness of the participants to attend the IAM Certificate Examination

Instructor:                    

Adnan Alabaalhareth

  • BS degree in Electrical Engineering
  • 25 years of Industrial experience in Asset & Facility Management
  • Experienced in Oil & Gas, Utilities, and maritime industries
  • Certified by Institute of Asset Management
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