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FUNDAMENTALS OF ASSET MANAGEMENT

Accreditation: This course is accredited by ECSA through SAAMA with CP D Points: 3 CPD Points (SAAMA00516) - Durations: 3 days

What is it all about? Remain abreast of the latest trends, techniques and strategies to improve the condition and performance of your physical assets. This high impact, hands-on intervention will equip you with the necessary knowledge and skills to optimise the provision, operation, maintenance and disposal of your physical assets, such as infrastructure and plant. The course gives an overview of the fundamental aspects of modern asset management and is aligned with the international standard, PAS 55:2008 and ISO 55 000. It will help you to understand all the elements of asset management, how they interact and influence asset performance, as well as how to develop an asset management strategy and improvement programme. It is essential for anyone responsible for the management and maintenance of physical assets, such as infrastructure and plant, who aims to succeed in today’s highly demanding environment.

What makes it different? This training course is based on Pragma’s proven AMIP methodology and framework, consisting of 17 asset management KPAs. It aims to:

Give you a frame of reference of what asset management is about, Determine your organisation's current asset management maturity by performing a self-assessment, Select asset management best practices applicable to your organisation, Define key performance indicators to measure your asset management function and develop an action plan to ensure sustainable improvement.


Who should attend? Senior Engineering and technical managers, Maintenance managers and engineer, Production or operational managers, Maintenance planners Managers who want to improve the condition and performance of their physical assets to optimise the return on their capital investments


Format: Public training - scheduled at all major cities across Southern Africa and Zambia as well as On-site training - any place, anywhere


Course outline Modules covered in this three day intervention:

1. The world of asset management

Definition of asset management in context to other related topics. Overview of PAS 55:2008; ISO 55 000 and Pragma’s 17 key performance areas for asset management. This forms the framework for the rest of the course.


2. The big picture

We start the course with a bird’s eye view of asset management:

How to develop an Asset Management Policy and Strategy, with associated improvement plans.  Performance Measurement and the recommended KPIs for effective asset management. Information Management best practices to make the information available for decision making. How to use achieve the new targets through a process of Focused Improvement.


3. Caring for your assets

On the second day we focus on asset care or maintenance best practices:  “Firstly, the development of Asset Care Plans based on the “optimum maintenance mix”.  Work Planning and Control to ensure the effective planning and scheduling of asset-related work.  The supporting role of the operating personnel is covered under Operator Asset Care.  Material Management addresses the purchasing, warehousing and optimisation of all engineering spares and material (MRO items.) Support Facilities and Tools, including workshops and services. Technical Information such as a technical library, asset registers and change control.


4. The human factor People play a vital part in the effective management of assets:

Organisation and Development deals with the organisation structure, training and motivation of technical staff.

Contractor Management ensures that external people form an integral part of the organisation’s resource base.


5. Risky business PAS 55 (ISO 55 000) focuses heavily on asset-related risks management:

Environment, Health and Safety are crucial aspects in any operation to ensure a risk-free environment.

Financial Management deals with cost control and compliance with asset-related accounting standards.

Risk Management pulls it together with risk assessments and mitigation plans.


6. From lust to dust To wrap up the course, we look at the whole life cycle of assets:

Life Cycle Management covers the effective acquisition and disposal of assets, with all the control points.

We also look at best practices in Project and Shutdown Management.


7. Exercise Delegates will get the opportunity to use Pragma’s AMIP Excellence Grid to assess their asset management maturity and develop an improvement plan, as a take-home benefit of the course.