Introduction to Asset Management Training

Introduction to Asset Management Training

Building Competency in Strategic Asset Alignment and Risk Management

Claim 5 CPD Points

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Platform:
Online
In-class
Revised and Updated: 23 September 2026
Date Venue Duration
30 November - 04 December 2026 Sandton, Gauteng 5 Days

Course Introduction

Purpose of Asset Management

In this context, asset management refers to the coordinated management of an organisation’s physical assets — plant, equipment, facilities, and infrastructure — to realise value from them throughout their lifecycle, in line with the ISO 55000 series of international standards. Asset-intensive companies face challenges such as aging assets, competitive markets, resistive culture, rapid technological advancements, climate change, and market volatility. Modern asset managers need to align assets, business operations, and risk management principles to leverage these synergies strategically. This Introduction to Asset Management training equips asset managers to focus on multifaceted processes that harmonise asset management across departments, leading to optimised decision-making.

Fundamentals of Asset Management

This Prospen Africa Introduction to Asset Management course emphasises global best practices, grounded in three core pillars: asset performance, asset risk management, and business/financial management. Delegates will gain in-depth knowledge of effective asset management and cross-functional team dynamics, covering strategic planning, risk management, facilities management, and lifecycle operations.

Course Objectives

Upon completion of this Introduction to Asset Management course, participants will be able to:

  • Understand how asset management contributes to achieving the corporate strategy of an organisation.
  • Comprehend the value and content of the ISO 55000 series (ISO 55000, 55001, and 55002), the current international standards on asset management.
  • Implement effective asset management practices.
  • Evaluate current asset management best practices.
  • Develop an asset management implementation plan.
  • Engage in creating and implementing asset management policies, strategies, objectives, and plans.
  • Identify, analyse, and manage asset-related risks and contingency plans.
  • Recognise the asset lifecycle and use suitable tools to optimise asset performance, risk, and cost.
  • Identify essential information and performance measures for effective asset management and assess asset information systems.
  • Understand the financial implications of asset management decisions and translate technical issues into business consequences.

Who should attend?

This Introduction to Asset Management course is ideal for:

  • Project Managers
  • Project Engineers
  • Engineering and Technical Managers
  • Operations Managers
  • Maintenance Managers
  • Facilities Managers
  • Procurement and Supply Chain Managers
  • EHS and Quality Managers
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: Introduction to Asset Management
  • Overview of Asset Management
  • Business Processes for Asset Management
  • Asset Management Landscape Model
  • Strategy Framework and Line of Sight
  • Asset Management Policies and Strategy
  • Goal Setting and Strategic Asset Management Plan
  • Roles, Expectations, and Responsibilities in Asset Management
Module 2: Asset Management Practices
  • Key Elements of Asset Management: Assets, Value, Leadership, Alignment, and Assurance
  • Risk Identification and Assessment
  • Business-Level Risk Management
  • Stakeholder Management
  • Risk-Based Maintenance for Assets
Module 3: Facilities Management Practice
  • Sourcing and Outsourcing
  • Procurement and Service Level Definition
  • Key Performance Indicators (KPIs) for Contractor Performance
  • Vendor and Third-Party Contractor Management
Module 4: Operations and Practices
  • Asset and Facilities Lifecycle Management
  • Demand Forecasting and Systems Engineering
  • Condition Assessment and Monitoring
  • Information and Configuration Management
  • Lifecycle Costing
Module 5: Strategy Planning & Implementation
  • Asset Management Assessment and Tools
  • Building and Supporting Asset Management Teams
  • Behavioural Change Management in Asset Management
  • Asset Management Implementation Strategies
Module 6: Asset Management Enablers
  • Whole Lifecycle Planning
  • Asset Information Management
  • Operational and Financial Principles in Asset Management
  • Risk Management and Value-Based Decision Making in Asset Management

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FAQs – Introduction to Asset Management Training

Gain essential asset management knowledge covering asset lifecycle, strategy, risk, performance, maintenance, value creation, and effective asset management practices.

What is covered in the Introduction to Asset Management Training?
The Introduction to Asset Management Training covers asset management principles, strategic alignment, asset management policies and plans, risk management, lifecycle management, facilities management, asset information, financial principles and performance measurement.
Who should attend the Introduction to Asset Management course?
The training is suitable for project managers, project engineers, engineering and technical managers, operations managers, maintenance managers, facilities managers, procurement and supply chain managers, and EHS and quality managers.
Does the course cover asset management policies and strategies?
Yes. Participants learn how to develop and implement asset management policies, strategies, objectives and plans, while aligning asset management activities with organisational goals and corporate strategy.
Does the Introduction to Asset Management course cover risk management?
Yes. The Introduction to Asset Management Training covers asset-related risk identification and assessment, business-level risk management, risk-based maintenance, contingency planning and value-based decision-making.
Does the Introduction to Asset Management Training cover asset lifecycle management?
Yes. Participants explore whole lifecycle planning, asset and facilities lifecycle management, condition assessment, monitoring, lifecycle costing, information management and strategies for optimising asset performance, risk and cost.
Does the Introduction to Asset Management Training include practical exercises?
Yes. The Introduction to Asset Management Training includes group work, case studies, workshops, role-play, practical application activities and post-training support to help participants apply asset management principles in real workplace situations.

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