Fundamentals of Asset

Code

239

Start Date

2022-07-17

End Date

2022-07-21

City

Dubai

Price

2950 $

Language

Participants

1-15

Hotel

click here

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Introduction

The asset management of physical assets like chemical plants, power distribution networks, rolling stock, offshore platforms, roads, waterways, buildings, etc. is critical to the economy of many countries. How we manage physical determines the efficiency of companies and how competitive we are in the world market. Much money is spent annually on maintaining and developing the asset base and providing services to improve asset management has in itself become a major competitive market internationally.

Asset Management has been increasingly recognized as the key to improved investment decision making across all sectors, from Oil & Gas, Defence, Aerospace, Manufacturing, Public Transport and Electricity and Water Production & Distribution. Many of them are required by regulators to draw up and present asset management plans.

This training course aims to support this drive to improve management practices by presenting standards, methodologies and guidance how to set up good asset management. The course shows the delegate how the international standard on Asset Management, the Publicly Available Specification PAS 55, can be used to implement the best practices in order to realise higher performance at lower costs within compliance. The course finalises with an assessment of the current state of your Asset Management processes and results.

Objectives

To provide a step-by-step guide to Asset Management best practices (as part of PAS 55), starting with foundations and building up to best practices that will deliver maximum business benefits
To provide appreciation of PAS 55
To instruct Asset Management optimization best practice methodologies and technologies
To provide opportunities to discuss and learn the practical application of these best practices, through case studies and exercises
To provide insight in the current state of Asset Management best practices within the delegates company

Training Methodology

The course is composed in such a way that it can be held for all professionals involved in managing or implementing asset management processes. It is conducted along workshop principles with formal lectures and many interactive exercises. Relevant case studies illustrate the application of each subject in an operations environment and each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.

Organizational Impact

Participants attending the program will:

Understand what Asset Management is and how it can contribute to asset effectiveness and efficiency
Understand the background, application and benefits of PAS 55
Understand the most important Key Performance Areas and related activities and methodologies of Asset Management (as part of PAS 55)
Be able to participate in the implementation and application of the underlying Asset Management methodologies and technologies
Have insight in the current status of the Best Practices and Performance of the Asset Management process within their organization by assessing the current Asset Management processes and results of the company

Personal Impact

By attending the seminar, participants will add value for themselves. They will thus be able to plan and develop a future career.

Who Should Attend?

The training course will benefit all professionals involved in managing or participating in asset management processes, incl. all staff in Asset Department, IT Department, Operation Department and Finance Department.

seminar outline

Day 1 : Introduction to Asset Management & Strategy Framework

Introduction to program
Introduction delegates
PRE-test
Asset & maintenance management as a business process
Asset management process model
Strategy framework
- asset management policy, asset strategy, asset management strategy
- asset management objectives (goal setting)
- asset management plan
- feedback & improvement

Day 2 : Asset Management Roles + PAS 55

Introduction
Asset Management roles
Sourcing & outsourcing
Stakeholder management
BSI-PAS 55:2008 an international standard for Asset Management Certification

Day 3 : Good Asset Management Practice – Part 1

Introduction
Demand forecasting
Level of service and performance measures
Defining the right key performance indicators
Capacity or utilization monitoring
Condition assessment and monitoring
Information & configuration management
Vendor management & past performance
Asset procurement

Day 4 : Good Asset Management Practice – Part 2

Introduction
Risk management
Risk Based Maintenance concepts (RBM)
Life Cycle Costing (LCC)

Day 5 : Assessment & Implementation Aspects

Introduction
Asset Management assessment
Asset Management teams
Changing the behaviour of people
Implementation of Asset Management – case study
Wrap-up

The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:

Theoretical lectures through PowerPoint presentations and Visual presentations (videos and short films).
Scientific evaluation for the trainee (pre & post-evaluation).
Brainstorming, application and representation of roles.
Practical situations that are appropriate to the scientific material and with the nature of the work of trainees.
Tests at the end of the course.
The participant receives the scientific and practical material for the training program printed and saved on CD or Flash Memory.
Attendance reports for participants and final results reports with general evaluation of the program.
The scientific material of the training program is prepared in a scientific and professional manner, this is done by the best professors and trainers in all fields and all specialties.
At the end of the program, the trainee will receive a certificate of professional attendance, signed and certified by the European Quality Center for Training and Consulting.
Opening hours from 09.00 am to 02.00 pm, the program includes a snack buffet during the lectures.
Daily buffet food throughout the days of the training program, with a closing lunch on the last day of the training program for the distribution of certificates and commemorative photographs to the attendees
The terms and conditions for registration, payment and cancellation apply to all training programs. To see the conditions, please visit the following link, click here and your registration in any training program means your acceptance of the terms and conditions for registration, payment and cancellation
The terms and conditions of the training programs venue apply to all programs, and your registration in any training program means your acceptance of these terms and conditions
All prices on the site do not include the 5% VAT

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