Infrastructure Asset Management & ISO 55000 Series

Course Objectives:

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

• The basic principles of Asset Management
• ISO 55000 series, the international standard on Asset Management
• An overview of ‘good Asset Management practice’, specifically focused on infrastructure assets
• How to realize higher performance at lower cost within compliance
• Implementing Asset Management by using a step-by-step approach to build the Asset Management System (the five core questions approach)

Course outline

Principles of Asset Management 

• What is Asset Management?
• Why is it important for the public infrastructure management sector?
• Basic principles of Asset Management
• Reference models
• ISO 55000 series
• Asset Management roles : Asset Owner, Asset Manager, Service Provider
• Building the Asset Management System for public infrastructure assets (5 steps)

Alignment with the Organizational Strategy  

• Stakeholder needs and demand analysis
• Required service levels: current and future
• The concept of the Line of Sight
• Asset Management Policy
• Strategic Asset Management Plan (SAMP) and underlying Asset Management Plans (AMP)

The Current State of our Asset Portfolio and Asset Management System  

• Where are my assets? – Asset register
• Identify condition and useful life
• Valuation of our asset portfolio
• End-of-life framework & strategies for our asset portfolio
• Current state of our Asset Management System – Gap analysis
• Developing a roadmap and integration with the SAMP and AMP

Developing Risk Based Maintenance Strategies  

• Failure behavior of assets
• Risk: Not every failure is important
• A Risk-based maintenance approach towards maintenance
• FMECA and maintenance reference plans
• Connecting the workflow
• Optimization of the maintenance strategy – The role of the Maintenance Engineer

Decision-Making and Building your Asset Management Team  

• Decision-Making
• Preparing for informed decision-making in the Asset Management Triangle
• Developing scenarios and decision criteria, the business case
• Integration with Planning & Control Cycle: Long-term investment plan & long-term maintenance plan
• Funding
• Building Asset Management Teams
• What roles and functions do you need? Who does what?
• Organization & meeting structure
• Required competencies – the Asset Management Competencies Framework
• Asset Management Teams and implementation strategy