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Construction, Civil Engineering , Asset Management Training Courses

Fundamentals of Asset

Duration
2025-04-21 5 Days 2025-04-25
Attendance

Hotel Meeting Room

Hotel Meeting Room
Course code
CV-365
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City / venue
Barcelona

Classroom

Fees / hours
5250 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

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

 

Day 1

Asset Cost Management Introduction

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 2

Laying the Groundwork

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 3

Applying the Value based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 4

Ensuring the Continuity of the Value-based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 5

Supporting Process that Lower Life-cycle costs

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Training Methodology

Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:

  • Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
  • Making scientific evaluation to the trainee (before and after)
  • Brainstorming and role-playing
  • Using case studies related to the scientific material being delivered and the trainees' work.
  • The participants get the scientific and practical material printed and on CDs and Flash memories.
  • Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
  • A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
  • After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
  • Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
  • Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.
Different venues & timings for this course

Course name

Duration

City

Price

Fundamentals of Asset

17, Feb 2025 21, Feb 2025

Berlin

5250$

Fundamentals of Asset

24, Feb 2025 28, Feb 2025

Brussels

5250$

Fundamentals of Asset

03, Mar 2025 07, Mar 2025

Milan

5250$

Fundamentals of Asset

03, Mar 2025 07, Mar 2025

Zurich

5250$

Fundamentals of Asset

10, Mar 2025 14, Mar 2025

Trabzon

4000$

Fundamentals of Asset

17, Mar 2025 21, Mar 2025

Beijing

5450$

Fundamentals of Asset

24, Mar 2025 28, Mar 2025

Amsterdam

5250$

Fundamentals of Asset

31, Mar 2025 04, Apr 2025

Bangkok

5450$

Fundamentals of Asset

06, Apr 2025 10, Apr 2025

Muscat

3250$

Fundamentals of Asset

14, Apr 2025 18, Apr 2025

Toronto

6000$

Fundamentals of Asset

21, Apr 2025 25, Apr 2025

Barcelona

5250$

Fundamentals of Asset

28, Apr 2025 02, May 2025

London

5250$

Fundamentals of Asset

04, May 2025 08, May 2025

Cairo

2950$

Fundamentals of Asset

12, May 2025 16, May 2025

Geneva

5250$

Fundamentals of Asset

19, May 2025 23, May 2025

Vienna

5250$

Fundamentals of Asset

26, May 2025 30, May 2025

Munich

5250$

Fundamentals of Asset

02, Jun 2025 06, Jun 2025

Prague

5250$

Fundamentals of Asset

09, Jun 2025 13, Jun 2025

Rome

5250$

Fundamentals of Asset

16, Jun 2025 20, Jun 2025

Jakarta

4000$

Fundamentals of Asset

22, Jun 2025 26, Jun 2025

Tunisia

3750$

Fundamentals of Asset

30, Jun 2025 04, Jul 2025

Marbella

5250$

Fundamentals of Asset

07, Jul 2025 11, Jul 2025

Paris

5250$

Fundamentals of Asset

14, Jul 2025 18, Jul 2025

Madrid

5250$

Fundamentals of Asset

20, Jul 2025 24, Jul 2025

DUBAI

3450$

Fundamentals of Asset

28, Jul 2025 01, Aug 2025

Kuala Lumpur

3750$

Fundamentals of Asset

03, Aug 2025 07, Aug 2025

Amman

3250$

Fundamentals of Asset

10, Aug 2025 14, Aug 2025

Marrakesh

3450$

Fundamentals of Asset

17, Aug 2025 21, Aug 2025

Sharm ElShaikh

3250$

Fundamentals of Asset

24, Aug 2025 28, Aug 2025

Doha

4000$

Fundamentals of Asset

31, Aug 2025 04, Sep 2025

Casablanca

3450$

Fundamentals of Asset

07, Sep 2025 11, Sep 2025

Riyadh

3250$

Fundamentals of Asset

15, Sep 2025 19, Sep 2025

Istanbul

3450$

Fundamentals of Asset

21, Sep 2025 25, Sep 2025

Jeddah

3250$

Fundamentals of Asset

28, Sep 2025 02, Oct 2025

Manama

3250$

Fundamentals of Asset

05, Oct 2025 09, Oct 2025

Beirut

3250$

Fundamentals of Asset

13, Oct 2025 17, Oct 2025

Singapore

5450$

Fundamentals of Asset

19, Oct 2025 23, Oct 2025

Kuwait

3250$

Fundamentals of Asset

26, Oct 2025 30, Oct 2025

DUBAI

3450$

Fundamentals of Asset

03, Nov 2025 07, Nov 2025

Kuala Lumpur

3750$

Fundamentals of Asset

09, Nov 2025 13, Nov 2025

Amman

3250$

Fundamentals of Asset

16, Nov 2025 20, Nov 2025

Marrakesh

3450$

Fundamentals of Asset

23, Nov 2025 27, Nov 2025

Sharm ElShaikh

3250$

Fundamentals of Asset

30, Nov 2025 04, Dec 2025

Doha

4000$

Fundamentals of Asset

07, Dec 2025 11, Dec 2025

Casablanca

3450$

Fundamentals of Asset

07, Dec 2025 11, Dec 2025

Khobar

3250$

Fundamentals of Asset

14, Dec 2025 18, Dec 2025

Riyadh

3250$

Fundamentals of Asset

22, Dec 2025 26, Dec 2025

Istanbul

3450$

Fundamentals of Asset

28, Dec 2025 01, Jan 2026

Riyadh

3250$

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