Electricity Asset Management

An Interactive 10 - Day Training Course

Electricity Asset Management

Evaluation, Monitoring and Maintenance

Classroom Dates
Register
20 - 31 May 2024
Dubai
$11,900
Register
Register
09 - 20 Dec 2024
Dubai
$11,900
Register

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 providing services to improve Asset Management has in itself become a major competitive market internationally.

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 and it becomes more and more important to prove this by showing results.

The leading international Institute of Asset Management (IAM, www.theiam.org) has published a series of (general) Qualifications that indicate what you should know about Asset Management. This knowledge is tested by means of a formal public exam of the IAM, which is regularly organized worldwide in many places. If you successfully complete the exam individually, you will receive the internationally recognized 'IAM Certificate in Asset Management'.

Good to know is that this training course ‘Electricity Asset Management; Evaluation, monitoring and Maintenance’ covers these IAM Qualifications in full and prepares you for the exam. In addition, we have added to the course many practical examples and case studies, so that this course deals with the theory from a very practical approach, with a focus on the Electricity sector. That is why this training is also great for participants who want to brush up their knowledge of Electricity Asset Management only and do not want to take exam yet.

Note, that this course contains all relevant IAM endorsed training material for the IAM Certificate course, as well as extra training material specifically focused on the Electricity sector and more.

Delegates who would like to do examination for the ‘IAM Certificate in Asset Management’ should go to the website of the IAM and buy a voucher to attend an individual examination.

This seminar will highlight:

  • The basic principles of Asset Management fully aligned with the IAM Qualifications
  • ISO 55000 series, the International standard on Asset Management
  • The implementation of ‘good Asset Management practice’, specifically focused on the Electricity sector
  • How to realize higher performance at lower cost within compliance
  • Assessing the current state of your Asset Management process and determine the gaps

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
  • Understand the content and value of ISO 55000, the international standard on Asset Management
  • Apply ‘good Asset Management practice’, starting with foundations and building up to best practices that will deliver maximum business benefits
  • Assess the current state of Asset Management best practices, specifically those from the electricity sector

The 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 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.

The organization will:

  • Understand how Asset Management can contribute to realization of the corporate strategy
  • Understand the background, application and benefits of ISO 55000
  • Understand the most important key performance areas and related activities and methodologies of Asset Management, more specifically for the electricity 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 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, Building Maintenance, IT, Operations and Finance
  • 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

  • Asset Management as a business process
  • Asset Management scope & definitions
  • Asset Management conceptual model
  • Asset Management strategy & planning
  • Asset Management roles - about roles, expectations and responsibilities

DAY TWO: ASSET MANAGEMENT POLICY, STRATEGY AND PLANNING

  • Asset Management Policy
  • Developing (Strategic) Asset Management Plan(s)
  • Implementing (Strategic) Asset Management Plan(s)
  • Information and configuration management
  • IT-tooling

DAY THREE: MANAGING ASSET LIFECYCLE DECISIONS & ACTIVITIES

  • Life cycle of assets and its aspects
  • Systems Engineering & RAMS (Reliability Availability Maintainability Safety) - introduction
  • Renewal, disposal and lifetime extension
  • Life Cycle Costing (LCC) – Total Cost of Ownership (TCoO)
  • Sourcing & outsourcing of maintenance

DAY FOUR: ASSESSING & MANAGING ASSET MANAGEMENT RISKS

  • Identification and assessment of risk
  • Risk in Asset Management
  • Significance of risk
  • Risk on business level
  • Stakeholder risks
  • Risk on asset level – Risk Based Maintenance (RBM) – introduction
  • Risk matrix

DAY FIVE: RAMS & MAINTENANCE / RELIABILITY ENGINEERING (PART 1)

  • RAMS requirements & parameters - overview
  • 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

DAY SIX: RAMS & MAINTENANCE / RELIABILITY ENGINEERING (PART 2)

  • RAMS analysis in the operations & maintenance phase:
    • Root Cause Analysis (RCA)
    • Maintenance Reference Plan (Maintenance Concept)
    • Spare Parts Analysis
  • Practical case studies

DAY SEVEN: PLANNING & SCHEDULING, MONITORING AND EVALUATION OF MAINTENANCE

  • 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
  • Defining performance
  • Applying specific performance indicators and process parameters to measure the performance of assets, activities and processes, leading & lagging indicators
  • Reporting & continuous improvement

 DAY EIGHT: FINANCIAL & BUSINESS IMPACT OF ASSET MANAGEMENT

  • Financial Management – basics
  • Budgeting
  • Decision making in Asset Management
  • Long-term financial planning
  • Funding

DAY NINE: ISO 55000, GAP ANALYSIS, CERTIFICATION AND THE BUSINESS CASE FOR ASSET MANAGEMENT

  • The Asset Management puzzle – summarization of what we learned so far
  • ISO 550000 – the international standard on Asset Management
  • ISO 55000 Gap analysis – how to measure objectively the Asset Management maturity
  • Implementation aspects
  • ISO 55000 Certification procedure
  • The business case for Asset Management

DAY TEN: EXECUTING A CONCISE ISO 55000 GAP ANALYSIS

  • 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)
  • Wrap-up

We offer two main training formats to cater to different preferences and needs: 

  • Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
  • Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at inhouse@energytraining.ae to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at info@energytraining.ae.

We have multiple international training venues. You may find this through our website link: https://energytraining.ae/training-locations 

Our training courses are held at our partnered hotels within the city included within our training

The Energy Training Centre Certificate of Completion with corresponding learning hours who has successfully completed the training course.

Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.

Yes, here are the following options we can offer to assist you:

  • Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
  • Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.

Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.

No, we do not provide job placement services after the training course. However, we are confident that our training course equips you with the necessary tools and knowledge to enhance you career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.

Classroom
  • Tuition fee for a 5-day training course
  • Provision of a world-class subject matter expert to deliver this training
  • Meeting at a hotel venue corresponding to your chosen session
  • Welcome food and drinks, AM / PM snack, and Lunch
  • Digital course materials (e-Tablet)
  • Course completion certificates
  • Designing and administration of Pre-& Post Course Assessments
  • Preparation of participant’s Performance and Appraisal Report, if required
  • Issuance of Letter of Invitation for delegates needed visa processing, if required
Online
  • Tuition fee for a 5-day online training course
  • Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
  • An electronic copy of the training manual and relevant hand-outs
  • Issuance of The Energy Training Centre e-Certificate of Completion
  • Administration of Pre-& Post Workshop Assessments
  • Link access of online platform acceptable to both parties

Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to info@energytraining.ae. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at info@energytraining.ae

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Upon receipt of your registration details sent via email at reg@energytraining.ae, we will send you the following by e-mail within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

 If you register online, you will receive an e-mail on the same day confirming your registration.

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at info@energytraining.ae. Our team will guide you through the registration process and provide assistance you may need.

Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.

Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.

Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at info@energytraining.ae. Alternatively, you may call/WhatsApp us at +971 50 746 0956.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggested a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.

We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, Energy Training Centre is an ILM Recognised Provider (ID# 002398B), authorized to register learners and offer training courses recognized by ILM. Participants seeking ILM Recognised Certification would need to complete an assessment post the ILM Recognised courses. ILM is a renowned provider of leadership and management qualifications, part of the City and Guilds Group. Additionally, our company is a CPD Certified Training Company, ensuring our commitment to continuous professional development standards.

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