The management of physical assets is critical to the economy of many countries. How we manage assets determines the efficiency of companies and how competitive we are in the world market. Much money is spent annually on maintaining and developing the asset base and implementing and improving Asset Management has in itself become a major competitive advantage.

Asset Management has been increasingly recognized as the key to improved investment decision making across all sectors, from Electricity and Water Production & Distribution, Oil & Gas, Defence, Aerospace, Manufacturing and Public Transport. Regulators require to develop and present strategic Asset Management Plans aligned with the corporate strategy.

The implementation of ‘good Asset Management practice’ will contribute in realizing the corporate strategy. Improving Asset Performance is therefore a key enabler in contributing to this and showing direct results

This training course ‘Grip on Maintenance!’ covers relevant theory, appealing examples and a step-by-step approach for improving Asset Management Performance for the Electricity Sector.

The training course ‘Grip on Maintenance’ is the second module of the 10-day course ‘Electricity Asset Management; Evaluation, Monitoring and Maintenance’.

This training course will highlight:

  • The implementation & improvement of ‘Asset Management Performance’, specifically focused on the Electricity sector, in a step-by-step approach
  • Setting the key metrics for Asset Management: technical, operational and financial
  • Relevant aspects of Design for Maintenance, Excellence in Maintenance execution and Optimisation, to get grip on Asset Management and Maintenance
  • Assessing the current state of your Asset Management process and determine the gaps
  • How to realize higher performance at lower cost within compliance


At the end of this seminar, you are able to:

  • Explain what Asset Management is and how it can contribute to the realization of the corporate strategy of your organization
  • Apply ‘good Asset Management practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
  • Get grip on your Asset Management processes and activities to enhance performance and improve the performance in a step-by-step approach
  • Assess the current state of Asset Management best practices, specifically those from the electricity sector
  • Set up and execute an improvement program for Asset Management

Training Methodology

The course is composed in such a way that it can be held for all professionals involved in improving Asset Management Performance. There will be a variance of lectures and practical cases and exercises, specifically from the electricity sector. Apart from that, experiences from different areas will be discussed to ensure that delegates will get the whole picture. There will be many opportunities for discussion and sharing experiences.

Organisational Impact

The organization will:

  • Understand how Asset Management can contribute to realization of the corporate strategy
  • Be able to apply ‘good Asset Management practice’ in a very practical way
  • Be able to get grip on its Asset Management processes and activities to enhance performance
  • Be able to generate a structured step-by-step approach to improve the performance
  • Understand the most important key performance areas and related activities and methodologies of Asset Management, more specifically for the electricity sector
  • Understand how to assess the current state of the Asset Management processes and to set up and manage an improvement program

Personal Impact

By attending the participants will:

  • Gain understanding and practical insight of ‘good Asset Management practice’
  • Improve their level of personal knowledge
  • Work more effectively by focusing on the processes and activities that really contribute to the corporate goals of the organization
  • Add value for themselves
  • Be able to plan and develop a future career

Who Should Attend?

This course is suitable to a wide range of professionals, but will greatly benefit:

  • All professionals involved in managing or participating in Asset Management and Facilities Management processes, incl. all staff in the Asset Management & Maintenance department, Facilities Management and Building Maintenance
  • Maintenance & Reliability Engineers
  • Process improvement engineers
  • Anyone who wishes to update themselves on Asset Management, Performance improvement and how to implement Asset Management for the benefit of the organization

The Course Outline

Day One

Setting and aligning your Asset Management objectives

  • The Asset Management framework
  • Corporate goals, company values and the added value of Asset Management
  • Aligning the Asset Management Strategy & Asset Management objectives
  • Setting the key metrics for Asset Management: technical, operational and financial
  • Asset Management decision making
  • ISO 550000 – the international standard on Asset Management
  • Useful Asset Management best practices

 Day Two

First level of Asset Management improvement – Design for Maintenance

  • Design for Maintenance – getting the right assets in
  • Systems Engineering (SE)
  • RAMS requirements: Reliability - Availability – Maintainability - Safety
  • RAMS analysis in the design phase:
    • Fault Tree Analysis (FTA)
    • Failure Mode Effect & Criticality Analysis (FMECA)
    • Reliability Block Diagram (RBD)
  • Reliability of the data used
  • Assuring the right workshop, spare parts, tooling, training

Day Three

Second level of Asset Management improvement – Excellence in maintenance strategy & execution

  • Maintenance strategy & execution – ensuring the right maintenance strategy and execute the maintenance right
  • Risk Based Maintenance (RBM) – approach leading to preventive maintenance strategies
  • The maintenance workflow and how it relates to the preventive maintenance strategy
  • Roles & responsibilities in work preparation, planning and scheduling, maintenance execution
  • Principles of work preparation, planning and scheduling of maintenance
  • Spare parts management
  • Maintenance execution: safe, solid & first time right

Day Four

Third level of Asset Management improvement – Optimisation

  • Defining performance
    • Applying specific performance indicators and process parameters to measure the performance of assets, activities and processes (technical, operational, financial)
    • Leading & lagging indicators
    • Reporting & continuous improvement
  • Maintenance & Reliability Engineering
    • Failure data collection and analysis
    • Failure pattern identification
    • Statistical analysis of Failures, Weibull Analysis
  • Root Cause Analysis (RCA) for more complex failures or incidents
  • Optimisation aspects: choosing the right frequency of maintenance
  • Decision support tools

Day Five

Executing a concise ISO 55000 Gap Analysis – further improvement steps to the next level

  • Execution of a concise ISO 55000 gap analysis of the Asset Management maturity of the organisation
  • Development of improvement actions
  • Development of concise improvement plan (roadmap)
  • The business case for the implementation & improvement of Asset Management
  • Wrap-up

The Certification

Certificate of Completion will be provided to delegates who attend and complete the course

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