Short Courses

Asset Management for Engineering Teams

Learn about ISO 55001, an internationally recognised asset management standard, and what it requires engineering teams to do.

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Overview

Learn about ISO 55001, an internationally recognised asset management standard, and what it requires engineering teams to do.

Engineering teams are essential for managing physical assets across their lifecycles.

In this course, you’ll learn how to:

  • set asset management objectives, policies and models
  • identify the asset lifecycle phases
  • align asset management with business objectives
  • determine routine maintenance process, decisions, schedules and tasks
  • apply systems engineering techniques using ISO 15288 as a guide.

After completing this course, you’ll have a thorough understanding of ISO 55001. You’ll have the skills and knowledge to master asset management. This includes being able to develop an asset management system that meets the required standard.

Details
Price
$1,334.50
EA members
$1,570
Non-members

EA members get 15% off on selected workshops and training. Not a member? Sign up now

Duration
2 days

We can customise this course for groups of six or more.

You choose the time, place, duration and format.

Find out how we can help you and your team by completing an enquiry form or calling us on +61 3 9321 1700.

Duration
Customisable
Learning outcomes

Learning outcomes

  • set asset management objectives, policies and models
  • identify the asset lifecycle phases
  • align asset management with business objectives
  • determine routine maintenance process, decisions, schedules and tasks
  • apply systems engineering techniques using ISO 15288 as a guide
Is this course for you?

Is this course for you?

This course is suitable for engineers across all disciplines. It suits both new graduates looking for an introduction to asset management, and those in more senior roles with practical experience who want to consolidate their knowledge.

It’s particularly useful for:

  • concept developers
  • feasibility analysts
  • design and verification personnel
  • builders and installers
  • operations personnel
  • those involved in maintenance, renewal, alternations, decommissioning, and disposal.
Prerequisites

There are no prerequisites for this course.

Topics we'll cover

Topics we'll cover

AM overview

  • Asset management strategy and objectives
  • ISO 5500x and related standards
  • Whole of life PDCA models for planning and delivery

Asset risk management

  • History and role of risk management
  • ISO 31000 and asset management
  • ISO 31010 risk tools and techniques
  • Risk assessment methods for assessing physical assets
  • Risk, reliability and RAMS

Maintenance management

  • Maintenance objectives, definitions and models
  • Maintenance requirements determination

Optimising preventative maintenance

  • Failure Modes, Effects and Criticality Analysis (FME(C)A) and Reliability-Centred Maintenance (RCM) process
  • Risk-based maintenance optimisation
  • Task and sparing risk-based processes
  • Continuous improvement

Optimising asset renewals

  • Definitions and objectives
  • Prioritising renewals using risk
  • Renewals strategies
  • Optimising processes

Managing acquisition

  • Role of systems engineering
  • International standards and asset management
  • Demand management and modelling
  • Lifecycle costing
  • Configuration management case study
  • Applying CM processes

Assuring asset integrity

  • Defining and describing assurance of asset integrity
  • Culture and leadership in asset management
  • Human error, just culture and high-reliability organisations
  • Case studies of successful outcomes
Towards chartered

Towards chartered

Take this course to build skills and knowledge in the following Engineers Australia Chartered status competencies*:

4. Develop safe and sustainable solutions
6. Identify, assess and manage risks
13. Local engineering knowledge
14. Problem analysis
16. Evaluation

Learn more about Chartered Status.

*Completing this course does not automatically guarantee you a competency. However, you will gain the base knowledge you need to develop these specific Chartered competencies.

Facilitator
Alastair Krebs
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