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Course Outline

INTRODUCTION TO ASSET MANAGEMENT AND ASSET LIFE-CYCLE MANAGEMENT Download Course Brochure
  • Asset management and business performance
  • ISO 5500X framework for managing assets
  • Asset management plans as mechanism to support asset life-cycle management

RISK BOW-TIE EXERCISE
Risk based approach to asset management

ASSET CONDITION AND ASSET LIFE-CYCLE DEFINITION AND APPLICATION

  • Life cycle phases and definition of asset life
  • Asset ageing vs condition of components
  • Factors impacting on asset life
  • Failure behaviour and asset life

CRITICALITY ANALYSIS EXERCISE
A risk based approach to focus on the right assets

CONDITION ASSESSMENT

  • Defining condition and performance levels
  • Condition assessment process, methodologies, techniques and tools
  • Competencies of assessors
  • Preparing for, and conducting condition assessments
  • Condition assessment exercises and demonstration
  • Condition assessment reporting

CONDITION MANAGEMENT

  • Maintenance and asset condition
  • Data analysis supporting asset condition and health management
  • Determine assessment intervals and methods
  • Effective reporting on asset health and condition

DEMONSTRATION
Data management supporting effective condition management

ASSET MANAGEMENT PLANS (AMP)

  • AMPs - a mechanism to support equipment health management

CASE STUDIES
Developing and maintaining Asset Management Plans

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