Introduction to Asset Management

The programme

Programme overview

Purpose of Asset Management

Asset management encompasses professional investment and portfolio management for institutional clients, including pension funds, life insurance companies, and mutual funds. 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 harmonize asset management across departments, leading to optimized decision-making.

Fundamentals of Asset Management

This Ratomac Introduction to Asset Management course emphasizes 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.

Participants will acquire knowledge in general building maintenance, covering facility management, asset management, professional development, and fire/life safety.

Who should attend

Who is this programme for?

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

Learning outcomes

What you will learn

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 organization.
• Comprehend the value and content of 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.
• Recognize the asset lifecycle and use suitable tools to optimize 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.

Explore the programme

Detailed programme 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

Learning approach

How you will learn

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.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.