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Course Outline

 

INTRODUCTION TO ASSET MANAGEMENT AND ASSET LIFE CYCLE MANAGEMENT Download Course Brochure
  • Asset management and business performance
  • Asset management plans as mechanism to support asset life cycle management
  • Business processes supporting asset life cycle management

LIFE CYCLE DEFINITION AND APPLICATION

  • Life cycle phases and definition of asset life
  • Factors impacting on asset life
  • Failure behaviour and asset life
  • A risk based approach to focus on the right assets

NPV PROCESSING AND FINANCIAL PRINCIPLES APPLIED TO ASSET LIFE

  • Components of life cycle cost
  • Book value and depreciation policies
  • Depreciation policies

EXERCISES
Payback, Internal Rate of Return and Net Present Value

LIFE CYCLE COST MODELLING AND SIMULATION

  • Event base budgeting and zero base budgeting principles
  • Maintenance approaches

CASE STUDIES AND EXERCISES
Maintenance life cycle costs and budgeting

CONDITION ASSESSMENTS AND ASSET LIFE PROGRESSION

  • Maintenance and asset condition
  • Mechanisms to determine and assess asset condition
  • Relationship between asset condition and remaining life
  • Effective reporting on asset health and condition

MAINTENANCE TACTICS MODELLING

  • Define maintenance approaches to support maintenance decisions
  • Select the most appropriate maintenance approach to manage failure consequences

OPTIMAL LIFE DETERMINATION PRINCIPLES AND MODELLING

CASE STUDIES
— Repair/replacement modelling
— Life span scenario modelling


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