Asset Management: A Reliability Centered Approach

3 Day Training

Dates: 17 – 19 February | 07 – 09 April 2025
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online

Price: Available on Request

Claim 3 CPD Points

Course Introduction

Significance of asset management in the context of deploying new assets and extending the life of aging equipment.

Overview of the course’s focus on Asset Management principles, proactive management, and organizational strategy alignment. Emphasis on Reliability Centered Maintenance (RCM) and Root Cause Failure Analysis (RCFA) in improving Asset Lifecycle Management. Application of asset management plans, including case studies on new and aging assets.

Course Objectives

By attending this Asset Management: A Reliability Centered Approach training, delegates will be able to understand:

Understanding Asset Management concepts, activities, principles, and approaches.
Aligning with key Asset Management Policies and Frameworks, including PAS 55 and ISO 55000 standards.
Generation and implementation of AM policy, strategy, objectives, and plans.
Asset-related risk identification, analysis, management, and contingency planning.
Managing assets through lifecycle stages: acquisition, operations, maintenance, and disposal.
Grasping Reliability Centered Maintenance Principles, Processes, and Maintenance Approaches.
Utilizing Data-Driven Management through Computerized Maintenance Management Systems (CMMS).
Identifying information and performance measures for effective asset management.
Evaluating the effectiveness of asset information systems and current AM practices.
Understanding ISO 55000 series as a mechanism to achieve these goals.

Who should attend?

This Prospen Africa Asset Management: A Reliability Centered Approach course is suitable to a wide range of professionals but will greatly benefit:

Reliability managers and engineers, Plant and Manufacturing managers, Asset and Facility Managers, Storeroom managers, Technicians, Continuous Improvement managers, Maintenance personnel, Logistics supervisors, Project managers, Risk Management professionals, Financial Managers, Quality assurance and control professionals, Operations & Maintenance staff, Health, safety, and environmental professionals.

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

MODULE 1: Fundamental Asset Management Concepts & Best Practices

Definition and scope of Asset Management.
Best Practice Asset Management processes & tools.
Whole Life Management Approach.

MODULE 2: Asset Reliability

Basic concepts and importance of Reliability.
Primary RCM principles & Maintenance Approaches.
Reliability calculations and models.

MODULE 3: The Asset Life Cycle

Understanding the Asset Life Cycle.
Stages of Asset Life Cycle: Planning, Acquisition, Operation, Maintenance, Disposal, Replacement.

MODULE 4: The Asset Management Plan (AMP)

Linking asset management to organizational planning.
Strategy, policy, and development of AMP.

MODULE 5: Key Performance Indicators

Development and implementation of KPIs & Metrics.
Risk Analysis and Management.
Predictive Modelling Methods.

MODULE 6: Incident Investigations & Root Cause Analysis (RCA)

Introduction to RCA and its methods.

MODULE 7: Maintenance of Assets

Maintenance strategies and approaches.
Use of CMMS.

MODULE 8: Spare Parts Inventory Control

Management and optimization of Spare Parts Inventory.

MODULE 9: People Management

Human elements in Asset Management.
Change Management challenges and strategies.

This structure provides a clear and concise overview of the course, ensuring that participants understand the scope, objectives, content, and value of attending the training.