IAM Certificate in Asset Management |Meirc

Course Methodology

This is a highly interactive course which will include group discussions, case studies, videos, group presentations and quizzes.

Course Objectives

By the end of the course, participants will be able to:

Contribute to the generation and implementation of AM policy, strategy, objectives and plans within their organizations
Participate in asset-related risk identification, analysis, management processes, and contingency planning
Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk and cost of assets
Identify the information and performance measures needed for effective asset management, and evaluate the impact of asset information systems
Understand the financial implications of asset and asset management decisions for their organization, and translate technical issues into business implications

Target Audience

Participants from organizations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance, will benefit most from this course. This course is suitable for engineering and technical managers, project managers and project engineers, operations managers, maintenance managers, facilities managers, EHS and quality managers, and procurement and supply chain managers.

Target Competencies

Asset management
Risk identification
Contingency planning
Asset life cycle costing
Maintenance planning

Note

This course is run in partnership with Woodhouse Asset Management Academy who are endorsed by the Institute of Asset Management (IAM). This course leads to the Certificate in Asset Management qualification/certification. The IAM exam is included in the course, and can be taken online at any point within one year of the course.

Introduction and overview of Asset Management (AM)
- Introduction to AM
- International Standards – ISO 55001
- Overview of good practice
- Organizational context and stakeholder needs
- Converting business plans to asset plans
- The strategic AM plan
- AM policy
- Needs and capabilities of the assets
The Asset Lifecycle
- Introducing the Asset Lifecycle
- Design and acquisition
- Commissioning and handover
- A Strategic approach to operations and maintenance
- Understanding and managing failures – Introduction to tools and techniques
  - Root Cause Analysis (RCA)
  - Failure Mode and Effect Analysis
- Managing ‘random’ failure
- Spares management
- Decommissioning, disposal and renewal
- Asset life cycle strategies – Alignment and optimization
- Developing and optimizing AM plans
- Constraints and shutdown optimization
Planning, risk management, and decision making
- Delivering plans
  - Capital
  - Operations and maintenance
- Managing resources and change
- Outsourcing and supply chain management
- Risk management
- Asset criticality
- Contingency planning
- Value and risk-informed decision making
- Asset Management decision making – Principles and approach
- Techniques for working uncertain or sparse data
- Life Cycle Costing (LCC)
  - Introduction
  - Evaluation of options
Asset Management enablers
- Asset information – Overview
- Asset data – Fundamentals
- Dynamic data - Condition and performance
- Collecting and using tacit information
- Information systems – Introduction and overview
- Organizational structures for AM
- Assessing and developing AM competencies
- Leadership in AM
Evaluation and continual improvement
- Successful changing organizations
- Communication and culture change
- Performance evaluation
- Developing and using performance indicators
- Continual improvement
- Governance and assurance for asset management – Auditing and management review
- Maturity beyond ISO55000

Institute of Asset Management (IAM)

The IAM is the professional body for those involved in acquisition, operation and care of physical assets – especially critical infrastructure. In particular, the Institute is for professionals worldwide who are dedicated to furthering their knowledge and understanding of Asset Management.

The Institute of Asset Management has made a significant contribution to the new discipline of asset management.

Since its inception in 1994, and especially since 2004, the IAM has been growing into a typical Learned Society and has initiated and/or produced many of the globally accepted documents explaining the science and art of asset management.

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2024 Schedule & Fees

Fees

Per participant

USD 5900

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Location & Date

14 - 18 Jul, 2024

Dubai

English

Venue to be assigned

10 - 14 Nov, 2024

Dubai

English

Venue to be assigned

Meirc reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

Tax Registration Number: 100239834300003

This course is also offered in Virtual Learning, click on the course below.

IAM Certificate in Asset Management - Virtual Learning

IAM Certificate in Asset Management - Virtual Learning

14 - 18 Jul, 2024

English

Virtual Learning

IAM Certificate in Asset Management - Virtual Learning

10 - 14 Nov, 2024

English

Virtual Learning

Overview

Course Methodology

This is a highly interactive course which will include group discussions, case studies, videos, group presentations and quizzes.

Course Objectives

By the end of the course, participants will be able to:

Contribute to the generation and implementation of AM policy, strategy, objectives and plans within their organizations
Participate in asset-related risk identification, analysis, management processes, and contingency planning
Understand the asset lifecycle and the role of appropriate tools to optimize the performance, risk and cost of assets
Identify the information and performance measures needed for effective asset management, and evaluate the impact of asset information systems
Understand the financial implications of asset and asset management decisions for their organization, and translate technical issues into business implications

Target Audience

Target Competencies

Asset management
Risk identification
Contingency planning
Asset life cycle costing
Maintenance planning

Note

Course Outline

Introduction and overview of Asset Management (AM)
- Introduction to AM
- International Standards – ISO 55001
- Overview of good practice
- Organizational context and stakeholder needs
- Converting business plans to asset plans
- The strategic AM plan
- AM policy
- Needs and capabilities of the assets
The Asset Lifecycle
- Introducing the Asset Lifecycle
- Design and acquisition
- Commissioning and handover
- A Strategic approach to operations and maintenance
- Understanding and managing failures – Introduction to tools and techniques
  - Root Cause Analysis (RCA)
  - Failure Mode and Effect Analysis
- Managing ‘random’ failure
- Spares management
- Decommissioning, disposal and renewal
- Asset life cycle strategies – Alignment and optimization
- Developing and optimizing AM plans
- Constraints and shutdown optimization
Planning, risk management, and decision making
- Delivering plans
  - Capital
  - Operations and maintenance
- Managing resources and change
- Outsourcing and supply chain management
- Risk management
- Asset criticality
- Contingency planning
- Value and risk-informed decision making
- Asset Management decision making – Principles and approach
- Techniques for working uncertain or sparse data
- Life Cycle Costing (LCC)
  - Introduction
  - Evaluation of options
Asset Management enablers
- Asset information – Overview
- Asset data – Fundamentals
- Dynamic data - Condition and performance
- Collecting and using tacit information
- Information systems – Introduction and overview
- Organizational structures for AM
- Assessing and developing AM competencies
- Leadership in AM
Evaluation and continual improvement
- Successful changing organizations
- Communication and culture change
- Performance evaluation
- Developing and using performance indicators
- Continual improvement
- Governance and assurance for asset management – Auditing and management review
- Maturity beyond ISO55000