An Introduction to Asset Management

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An Introduction to Asset Management

Instructors Janine Basson Hermanus

Category Self-directed Learning

FREE

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Language English ‎(en)‎

Course Overview

This course defines the asset management (AM) terms and concepts with reference to the ISO 55000 standard for an AM system, as well as the Global AM Landscape document. It also discusses the AM objectives of improved asset performance, at reduced risks and optimal costs. Finally, it discusses the value of effective asset management and the benefits of implementing an AM system as specified in ISO 55000.

Duration: 3 hours

Course Content

Enrolment options

An Introduction to Asset Management

Course image_Intro to AM.PNG

Duration: 3 hours

Duration (Notional Hours): 3

Catalogue category: Other

Course Mode of Delivery: Elearning

Accreditation status: No

How must the course hours be allocated?: Course

Course Cost (R): 1100

Long Term Enrolment: No

CPD Points: 0

Self enrolment (Learner)

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An Introduction to Measuring and Managing Performance

This course lays the foundation for the development of an asset management (AM) scorecard. Over the course of eight topics, it explains performance measurement terms and concepts such as objectives, KPIs, leading and lagging indicators, PDCA, and data vs information. It then provides a framework for a "balanced AM scorecard" and discusses the use of benchmarking for setting targets. Finally, it emphasizes the identification of forums where KPIs can be discussed and action taken in line with the PDCA cycle, providing a template for a measurement plan. Duration: 2 hours

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An Introduction to Asset Information

The starting point for any asset management system is a complete register of all the organisation’s physical assets. This course explains the need for an asset information system and explains the difference between a computerised maintenance management system (CMMS) and an enterprise asset management system (EAMS), with some selection and implementation guidelines. Next is the asset register, with some best practices regarding the asset hierarchy, relevant asset attributes, and asset numbering, and the relationship between the engineering and financial asset registers. It also covers document management and the importance of a document management system and configuration control.Duration: 2.5 hours

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An Introduction to Risk Management

Risk management is an integral part of asset management, and the ISO 31000 standard for risk management is often referred to as ISO 55000’s “sister”. It is therefore important to get a handle on risk and risk management principles, as well as the related concepts of “compliance” and “governance”. This course is largely structured according to the risk management framework in ISO 31000, covering all its steps as well as related concepts such as the risk register, the hierarchy of risk management, management of change and the three lines of defense against risk. A real-life case study is discussed to illustrate how neglecting risk management resulted in a catastrophe.Duration: 3 hours

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An Introduction to Safety and Health Management

This course is not intended to replace any safety training, but rather to discuss the impact of asset management on people’s health and safety. Occupational health and safety (OHS) is a sub-set of risk management, which focuses largely on the asset-related risks and the physical controls implemented (like guarding or sensors), and maintenance-related risks and their control mechanisms (like permits, isolation and job risk assessments). This module covers the elements of an OHS management system, specific roles and responsibilities, the hierarchy of controls and key success factors to establish a proactive health and safety culture in the organisation.Duration: 1.75 hours

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An Introduction to Asset Management

An Introduction to Asset Management

Course Overview

Course Content

Enrolment options

An Introduction to Asset Management

Self enrolment (Learner)

Guests cannot access this course. Please log in.

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