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Asset Management
This course articulates into our postgraduate program.
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Asset management is the integrated suite of management activities associated with acquiring, operating, maintaining, upgrading and replacing the physical assets of your organisation. Effective asset management ensures that assets continue to provide value throughout the asset life cycle at minimum cost of ownership and are consistent with commercial and risk management strategies.
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Designed for
Anyone with the responsibility of ensuring the timely provision and sustainment of required assets to achieve their strategic purpose and intended capabilities.
Course content
The Challenge - Providing Capability and Value
Introduces the concept of Asset Capability, which is dependent on performance, reliability, maintainability and sustainability. This section covers the following:
- Strategic asset management – definition & aims
- The essence of capability and value
- Options for providing capability and value
The Journey - Strategic Asset Management
Introduces the Strategic Asset Management Process, which embraces time, cost and risk management overlays. Modules include the following:
- Strategic asset management processes/interrelationships
- Conception
- Process inputs, outputs, overlays
- Purpose of asset management plan
The Milestones - Asset Management Life Cycle
A closer look at the capability requirements and of the activities that need to be addressed within the progressive phases of asset management along with associated milestones and key deliverable are addressed here in the following sections:
- Asset capability
- Asset management life cycle processes
- Milestones and key deliverables
The Approaches - Think beyond the obvious
This section gives an overview on approaches when contemplating how to best provide a required capability. The following topics are discussed:
- Preserving and/or enhancing the asset
- Influencing needs, demand and expectations
- Challenging asset assumptions, solutions and practices
- Discovering better asset solutions
The vehicle – asset management plan [part 1]
A 2-part introduction into what an asset management plan is and what it entails. This section comprises of the following:
- Purpose of the asset management plan
- Asset management planning concepts
- Key parts of an asset management plan
- Compiling an asset management plan
The vehicle – asset management plan [part 2]
Continuation from the previous section, a round up, which basically elaborates on compiling an asset management plan. Here, the two elements: Strategic Perspective and System Analysis, are combined to produce and define clear objectives for the Tactical Plan.
The measures – operational systems effectiveness
This section reviews the requirements of operational systems effectiveness, its measurement and the challenges confronting organisations to manage the growth of systems effectiveness to new target levels. It is thus divided into:
- A model for operational asset effectiveness
- Measuring plant performance
The new capability – embracing new technology
This final section wraps up with a discussion on issues concerning how well new technology is addressed and how well their total demands are integrated into a coherent whole. It is divided into the following topics:
- The challenge of embracing new technology assets
- Guidelines for technology implementation
- Management issues and technology management
- Other considerations in the adoption of new technology
- Characteristics of best practice new technology adoption firms
Learning outcomes
- Recognise the challenges associated with providing asset system capability and value
- Understand strategic asset management processes, interrelationships and overlays
- Recognise asset management life cycle processes and placement within strategic asset management
- Evaluate the alternative approaches to asset management and create better asset solutions
- Understand the purpose and key parts of an asset management plan and associated asset management planning concepts
- Assess and manage the risks associated with operating aging and/or degrading assets in an environment of heightened service and performance expectations
- Adopt and manage the integration of new technology assets into their operational environments
Presenter
Schedule
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| State | City | Date | Fee (AUD $) | Availability | |
| Member Fee | Standard Fee | ||||
| NSW | Sydney | 10-11 Dec 2008 | 830 | 935 | Yes |
| NSW | Sydney | 10-11 Jun 2009 | 830 | 935 | Yes |
| QLD | Brisbane | 08-09 Oct 2008 | 830 | 935 | Yes |
| QLD | Brisbane | 08-09 Apr 2009 | 830 | 935 | Yes |
| SA | Adelaide | 02-03 Mar 2009 | 830 | 935 | Yes |
| VIC | Melbourne | 15-16 Oct 2008 | 830 | 935 | Yes |
| VIC | Melbourne | 16-17 Mar 2009 | 830 | 935 | Yes |
| WA | Perth | 03-04 Nov 2008 | 830 | 935 | Yes |
| WA | Perth | 04-05 Mar 2009 | 830 | 935 | Yes |