Asset Management: A Reliability Centered Approach

Claim 3 CPD Points

Platform:

Online

In-class

Revised and Updated: 22 September 2026

Date	Venue	Duration
28 - 30 October 2026	Sandton, Gauteng	3 Days
02 - 04 December 2026	Sandton, Gauteng	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 organisational 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.

Adopting Asset Management A Reliability Centered Approach protocols enables engineers to minimize unscheduled downtime, making Asset Management A Reliability Centered Approach an essential asset for modern industrial operations.

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including the ISO 55000 series (ISO 55000, 55001, and 55002), and understanding the historical role of the now-withdrawn PAS 55 standard.
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.
Utilising Data-Driven Management through Computerised 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 the ISO 55000 series, including its 2024 revision, 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 and 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

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.
The evolution of Asset Management standards: from PAS 55 (formally withdrawn by the British Standards Institution in 2015) to the current ISO 55000 series, including its 2024 revision.

Module 2: Asset Reliability

Basic concepts and importance of Reliability.
Primary RCM principles & Maintenance Approaches, aligned with the SAE JA1011 standard, which formally defines the criteria for a Reliability-Centered Maintenance process.
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 organisational planning.
Strategy, policy, and development of AMP, in line with the requirements set out in ISO 55001, the certifiable requirements standard within the ISO 55000 series, and the implementation guidance provided in ISO 55002.

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 optimisation 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.

Course Categories

Office Administration Courses ❯ Audit, Risk And Governance ❯ Compliance Courses ❯ Finance Courses ❯ Human Resources Training & Development ❯ View All Course Categories ❯

Course Registration Guide

Everything you need to know about registering for a Prospen training course.

View Registration Guide

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FAQs – Asset Management: A Reliability Centered Approach

Explore asset management through a reliability-centred approach, covering asset performance, reliability strategies, maintenance planning, risk management, and lifecycle optimisation.

What is covered in the Asset Management: A Reliability Centered Approach course?

The Asset Management A Reliability Centered Approach Training covers asset management principles, reliability, asset lifecycle management, asset management plans, KPIs, risk management, root cause analysis, maintenance strategies, CMMS and spare parts management.

Who should attend the Asset Management: A Reliability Centered Approach training?

The training is suitable for reliability and maintenance professionals, asset and facility managers, plant managers, engineers, project and risk professionals, operations teams, quality professionals and HSE personnel.

Does the Asset Management A Reliability Centered Approach Traininge cover ISO 55000?

Yes. The Asset Management A Reliability Centered Approach Training covers the ISO 55000 series, including ISO 55000, ISO 55001 and ISO 55002, as well as the development of asset management policies, strategies, objectives and plans.

Does the Asset Management A Reliability Centered Approach Training cover Reliability Centered Maintenance (RCM)?

Yes. Participants learn the principles and processes of Reliability Centered Maintenance, maintenance approaches, reliability calculations and methods for improving asset reliability and performance.

Does the Asset Management A Reliability Centered Approach Training cover asset lifecycle and maintenance management?

Yes. The course covers the complete asset lifecycle, including planning, acquisition, operation, maintenance, disposal and replacement, together with maintenance strategies and CMMS applications.

Does the Asset Management training include practical exercises?

Yes. Training includes group work, case studies, workshops, role-play and practical application activities designed to help participants apply asset management and reliability concepts in workplace situations.

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