Advanced Asset Management
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Advanced Asset Management Course
Introduction:
Within the project lifecycle, project management entails a combination of hard skills and soft skills that are essential for successful project delivery. The hard skills encompass areas such as scope management, schedule management, resource management, and cost management. On the other hand, the soft skills are equally important and include team leadership, stakeholder management, project communications, and conflict management.
The hard skills of project management refer to the technical and analytical competencies required to effectively plan, execute, and control project activities. Scope management involves defining and controlling the project scope to ensure that deliverables meet the intended objectives. Schedule management focuses on creating and managing project timelines, ensuring tasks are completed within designated timeframes. Resource management entails effectively allocating and utilizing project resources, whether it be personnel, equipment, or materials. Cost management involves estimating, budgeting, and monitoring project costs to ensure financial objectives are met.
In addition to these hard skills, project managers must possess a range of soft skills to navigate the human aspects of project management. Team leadership involves inspiring and guiding project teams, fostering collaboration, and ensuring everyone works towards a common goal. Stakeholder management requires understanding and effectively addressing the needs and expectations of key stakeholders throughout the project. Project communications involve clear and timely information exchange among team members, stakeholders, and relevant parties. Conflict management skills are crucial for resolving disagreements and maintaining a positive and productive project environment.
By combining these hard and soft skills, project managers can effectively manage projects from initiation to closure. The integration of technical expertise and interpersonal abilities enables them to overcome challenges, ensure project success, and deliver value to stakeholders.
Course Objectives:
At the end of this course, delegates will be able to make a substantial, positive impact on the asset management best practices within their organization, specifically:
- Explain what Asset Management is and how it can contribute to the realization of the corporate strategy of your organization
- Understand the content and value of ISO 55000, the international standard on Asset Management
- Apply ‘Good Asset Management Practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
- Assess the current state of Asset Management best practices
- Provide a step-by-step guide to Asset Management best practices (as part of PAS 55 & ISO 55000)
- Understand best practice techniques for achieving effective asset management
- Discuss & learn the practical application of these best practices, through case studies & exercises
- Understand the range of technical & human risks associated with asset management & how they can be mitigated
- Develop an action plan to utilize these technologies in their own areas of responsibility, fitting them into the overall asset management strategy, and measuring benefits
Who Should Attend?
This training course is suitable for a wide range of professionals, but will greatly benefit:
- All professionals involved in managing or participating in Asset Management and Facilities Management processes, including all staff in the Asset Management & Maintenance department, Facilities Management, Building Maintenance, IT, Operations and Finance
- Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of their organizations
Course Outlines:
Principals of Asset Management
- Asset Management as a Business Process
- Asset Management Scope & Definitions
- Asset Management Conceptual Model
- Asset Management Strategy & Planning
- Asset Management Roles - about roles, expectations, and responsibilities
- ISO 550000 – The International Standard on Asset Management
- Certification Procedure
Assessing & Managing Asset Management Risks
- Identification and Assessment of Risk
- Risk in Asset Management
- Significance of Risk
- Risk on Business Level
- Stakeholder Risks
- Risk on Asset Level
Asset Management Policy, Strategy, and Planning
- Asset Management Policy
- Developing (Strategic) Asset Management Plan(s)
- Implementing (Strategic) Asset Management Plan(s)
- Long Term Maintenance & Investment Planning
- Information and Configuration Management
Managing Asset Lifecycle Decisions & Activities
- Life Cycle of Assets and its Aspect
- Systems Engineering
- RAMS Aspects (Reliability Availability Maintainability Safety)
- Renewal, Disposal, and Lifetime Extension
- Sourcing & Outsourcing
Financial & Business Impact of Asset Management
- Financial Management – Basics
- Budgeting
- Life Cycle Costing
- The Business Case for Asset Management