Asset Management: A Reliability Centered Approach

Asset Management A Reliability Centered Approach

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Platform:
Online
In-class
Date Venue Duration
06 - 08 August 2026 Sandton 3 Days
29 - 31 October 2026 Sandton 3 Days
03 - 05 December 2026 Kuruman, Northern Cape 3 Days

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 and Maintenance staff

  • Health, safety, and environmental professionals.

Technical courses

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.

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FAQs – Asset Management A Reliability Centered Approach

Find answers about course content, certification, registration, and AI skills for executive assistants.

What is the primary goal of the Reliability-Centered Asset Management course?
This practical masterclass equips plant engineers, asset managers, and maintenance leads with structured strategies to maximize physical asset reliability, optimize lifecycle costs, reduce unscheduled downtime, and implement ISO 55000 and Reliability-Centered Maintenance (RCM) methodologies across capital-intensive operations.
Who should attend this reliability-centered asset management training?
This training is designed for asset managers, maintenance engineers, plant directors, reliability engineers, operations supervisors, facilities leads, and condition monitoring specialists managing machinery and infrastructure assets.
What core asset management and RCM topics are covered in the curriculum?
The comprehensive syllabus covers key operational asset management domains:
  • ISO 55000 & Asset Strategy: Aligning physical asset plans with organizational goals, lifecycle costing, and risk-based management.
  • RCM Methodology: Performing Failure Modes and Effects Analysis (FMEA/FMECA), critical asset ranking, and identifying root causes.
  • Maintenance Optimization: Transitioning from reactive to Predictive (PdM) and Condition-Based Maintenance (CBM) strategies.
  • Key Performance Indicators: Tracking Mean Time Between Failures (MTBF), Mean Time to Repair (MTTR), Overall Equipment Effectiveness (OEE), and CMMS integration.
How does the course address Condition Monitoring and Predictive Maintenance (PdM)?
The masterclass provides practical insights into integrating condition monitoring techniques—such as vibration analysis, thermography, oil analysis, and ultrasound—into Computerized Maintenance Management Systems (CMMS) to predict failures before they occur.
What learning formats and training options are available for delegates?
Prospen Africa offers this program as an intensive short course via live interactive virtual classrooms as well as structured in-person corporate workshops at key industrial and business hubs across South Africa and broader Africa.
What certification and course resources do delegates receive upon completion?
All delegates who complete the course receive an official Prospen Africa Certificate of Completion. Participants are also provided with executive course presentation decks, RCM decision logic trees, FMEA spreadsheets, and post-course email advisory support.

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