We provide Asset Optimisation and Compliance through People. We work with people to implement and carry out maintenance and asset management and also to optimise performance. We believe that it is people that make things work and only through training people and supporting them is anything sustained and improved. It isn’t easy, but it works. We can help you implement lasting improvements, improve your competitive position and meet regulatory compliance. Our customer portfolio spans the life sciences, food & drink, engineering, utilities and manufacturing sectors.
The course provides grounding in the principles and practice of Asset Management. The content is aligned to PAS 55 and to the Institute of Asset Management (IAM) competency framework, with a view to preparing students to pass the IAM Certificate in Asset Management examination.
(n.b. The IAM competency references addressed are attached as an appendix)
At the end of this course the participant will be able to:
Contribute to the generation and implementation of AM policy, strategy, objectives and plans.
Participate in asset-related risk identification, analysis and management processes and contingency planning.
Understand the asset lifecycle and the role of appropriate tools to optimise the performance,risk and cost of assets.
Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information systems.
Understand the financial implications of asset and asset management decisions for the organisation, and translate technical issues into business implications.
Organisation, and translate technical issues into business implications.
The course is sub-divided into 5 modules:
C2 Asset-Related Risk
C3 Asset Lifecycle Management
C4 Asset Information
C5 Financial and business impact
The importance of the integration of asset care into the broader business vision and strategy of the organisation is stressed throughout.
The course is delivered through 5 days of interactive classroom teaching, including reinforcing exercises and tests, supported by workplace assignments and directed reading.
The nature of assets and asset management
The business context: line of sight from asset care to organisation mission
Asset policy, strategy, objectives and plans
Optimising performance cost and risk
Risk register and management
Integration with non-asset risk processes
Scope Asset Lifecycle Management
Creating a lifecycle management plan
Acquisition/creation of new assets
Operation and maintenance of asset
End of asset life options and replacements
Asset lifecycles within asset systems
Information needed - data information
Static and dynamic, transactional and non-transaction information
Analysis and use of information
Key Performance Indicators
Information management systems
Financial and Business Impact
Risk as a probabilistic cash flow
Quantifying business value including intangibles
Investment comparison techniques
Making a business case
Ian Young TWPL (The Woodhouse Partnership Ltd.)
Ian is a professional engineer skilled with 30+ years experience in process improvement, problem solving and developing innovative engineering solutions. Very strong in people development through training and education, a motivator of teams utilising trust and business standards. He is financially aware with a track record of continuously delivering efficiency gains.
Since becoming a consultant with The Woodhouse Partnership Ltd, Ian has provided asset management and engineering services advising on asset management and maintenance optimisation to clients in the food, pharmaceuticals, and chemical industries, as well as bespoke engineering solutions to environmental compliance problems.
Richard Blackman TWPL (The Woodhouse Partnership Ltd.)
Richard is a chartered engineering consultant with a wealth of maintenance engineering and operational experience gained over 15 years, along with 10 years in the pharmaceuticals industry. Richard is commercially aware and results driven with strong facilitator, trainer and planning capabilities. He has delivered a broad range of services encompassing equipment reliability improvement and maintenance strategy development, and engineering maintenance manager roles, including aspects of building services and facilities management.
Recent experience has been the initiation and management of an asset care programme involving the creation of reliability block diagrams, system and asset criticality analysis, FMECA studies and the production of optimised maintenance plans. This has been followed by providing the support and guidance on the effective implementation of the maintenance plan. Richard also provides training for condition monitoring, reliability and maintainability, continuous improvement strategies and implementation programmes.
5 days classroom teaching (usually 2 days + 1 day + 2 days at intervals to allow completion of assignments and to suit the client organisations).
56 hours of workplace-based assignments.
Final on-line IAM examination test.
Participants may progress to take the IAM Certificate examination by arrangement with the IAM.
Assessment & certification
Who should attend
Participants from organisations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance will benefit most from this course.
Typical job roles include:
Engineering and technical managers
Project managers and engineers
Operations managers and staff
Maintenance managers and staff
EHS & quality managers and staff
Procurement and supply chain
IT & HR