The management of physical assets for water and wastewater utilities has become significantly critical in the last decade. Due to an increasing demand for utility services, scarce resources, need for production efficiency, budget and funding limitations, increasing restrictions on output, ageing assets and climate change, there is an urgent need to manage our physical assets better, pro-active and with a life cycle view.
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. This training course will emphasize on implementation of good Asset Management practice that will contribute to fulfilling the corporate strategy.
By the end of this Energy Training Centre course, the participants will be able to:
- Explain what Asset Management is, why it is important and what deliverables the organization gets from it.
- Understand the content and value of ISO 55000, the international standard on Asset Management, and how to use it.
- Understand ‘good Asset Management practice’, starting with foundations and building up to best practices that will deliver maximum business benefits.
- Apply the key steps to implement and improve Asset Management.
- How to move their organization forward.
The training course is composed in such a way that it can be held for all professionals involved in managing or implementing Asset Management processes. There will be a variance of lectures and practical cases and exercises, specifically from the water and wastewater utilities 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.
The organization will:
- Understand how Asset Management can contribute to realization of the corporate strategy.
- Understand the background, application, and benefits of ISO 55000 series.
- Understand the most important key performance areas and related activities and methodologies of Asset Management, more specifically for the water and wastewater utilities sector.
- Be able to implement the basic Asset Management methodologies and technologies.
- Understand how to assess the current status of the Asset Management processes.
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.
This training course is suitable to a wide range of professionals, but will greatly benefit:
- Asset Management Professionals
- Utilities Management Professionals
- Building Maintenance Staff
- IT Professional
- Operations Staff
- Finance Professionals
- All professionals involved in managing or participating in Asset Management
- Anyone who wishes to update themselves on Asset Management and how to implement it for the benefit of the organization.
DAY ONE: PRINCIPLES OF ASSET MANAGEMENT
- What is Asset Management?
- Why is it important for the water and wastewater utilities sector?
- Asset Management as a business process
- Basic principles
- Reference models
- ISO 55000 series
- The Asset Management Framework for water and wastewater utilities (in 5 steps)
DAY TWO: ALIGNMENT
- 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)
DAY THREE: ASSET PORTFOLIO
- The current state of our asset portfolio
- Where are my assets? – Asset register
- Identify condition and useful life
- Valuation of our asset portfolio
- End-of-life concepts
DAY FOUR: RISK-BASED MAINTENANCE STRATEGY
- Develop risk-based maintenance strategy
- Failure behaviour of assets
- Risk: Not every failure is important
- A risk-based maintenance approach towards maintenance
- FMECA and maintenance reference plans
- Connecting the workflow
- Optimization
DAY FIVE: LIFE CYCLE MANAGEMENT AND IMPLEMENTATION
- Long-term focus
- Long-term investment plan
- Long-term maintenance plan
- Funding
- Develop Asset Management Plans
- Asset Management Teams and implementation strategy
- Benchmarking: making use of available experience and information
