Electricity Asset Management
Evaluation, Monitoring and Maintenance
10-Day Training Course
Course Overview
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
Course Objectives
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
Training Methodology
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.
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, 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
Course Curriculum
- 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
- Asset Management Policy
- Developing (Strategic) Asset Management Plan(s)
- Implementing (Strategic) Asset Management Plan(s)
- Information and configuration management
- IT-tooling
- 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
- 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
- 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
- RAMS analysis in the operations & maintenance phase:
- Root Cause Analysis (RCA)
- Maintenance Reference Plan (Maintenance Concept)
- Spare Parts Analysis
- Practical case studies
- 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
- Financial Management – basics
- Budgeting
- Decision making in Asset Management
- Long-term financial planning
- Funding
- 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
- 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
Certificates Awarded
Certificate of Completion
After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.
Certificate of Completion will be provided to the participants who attend and complete the training course.
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Frequently Asked Questions
Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].
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 [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.
Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.
Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]
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 receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.
- Joining Instructions
- Invoice/receipt (where appropriate)
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 [email protected]. Our team will guide you through the registration process and provide assistance you may need.
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 suggest 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 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, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).
- ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.
- Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.
- Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.
These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.
About Energy Training Centre
Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.
Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.
50K+
Professionals Trained
15+
Years of Experience
What Our Delegates Say
Real feedback from professionals who completed this course
Excellent trainer! The sessions were engaging, practical, and well-delivered. I truly appreciated the trainer’s knowledge, communication style, and enthusiasm throughout the training course.
A great training course, full of information that meets my needs, and the instructor delivered it in an excellent way.
A very informative training course. I will encourage my colleagues to register for the same course to explore and share their experiences. Many thanks to our instructor for his patience and continuous support.
The training course is worthwhile. The knowledge gained will be put to use back home. Kudos!
Very informative sessions and knowledgeable instructor.
The training is well equipped with all the necessary knowledge required, and the instructor is very knowledgeable to deliver it efficiently. I hope to get the best out of the training.
Nice response to workload and good services, with staff orientation and a friendly approach to guests.
We had a lot of case studies and problem-solving scenarios that led to in-depth conversations and discussions. I loved today’s session.
Thank you for a great course. It was a good opportunity to increase my knowledge.
Our instructor was very knowledgeable and passionate about the topic. She kept us very engaged.
The instructor has an amazing way of delivering the topic to those without a specialist background.
This training course gave me a more and bigger perspective about design thinking how to implement it and improve my personal and professional life. It is a privilege to be taught by our Senior Consultant.
This was the best instructor I have met in these (Oil & Gas) trainings.
Amazing sessions with the Senior Consultant. Truly insightful and a week well spent getting new knowledge.
The presentation and delivery was excellently done. I was able to understand the basics of trading beyond my expectation. This is solely due to the good teaching method of the Senior Consultant.
The Senior Consultant did an excellent job in presenting the material and bringing real life case studies and examples during the classroom discussion.
This was a beneficial training course, and I was glad to receive a lot of valuable information.
This was really an amazing training course and I learned everything to enhance our system.
The Energy Training Centre Senior Consultant has excellent knowledge of the subject area. His teaching methods made the concept of ORM easy to understand and follow. Overall, excellent training course.
This training course had a very good introduction into operational risk management.
I enjoyed this training course with the guidance of The Energy Training Centre Senior Consultant. He has excellent skills in delivering and presenting the training course and very knowledgeable about the subject. He supports by answering any questions and links it to practice. Additionally, he provides examples to explain and clarify as well as simplify the subject. I would really recommend attending this training course.
The Power System Protection training course was very informative and the facilitator has a great wealth of experience in this area which made the explanations very easy to understand. He runs through the basics and breaks down the complex parts of the power protection systems. It was a rewarding engagement signing up for this training course.
Great and very rich training course content. The instructor was very professional and has great experience in pipeline.
The training course has provided very good illustrations for the topics discussed. The sessions were filled with energy and exciting lectures. I now have a better understanding of contacts through educational sessions, especially in our breakout sessions on contract negotiations. Overall, this has been one of my best training courses so far. Well done!
The Energy Training Centre's senior consultant has rich experience about the Oil & Gas industry which helped us. Sessions were very useful. Thanks a lot for for sharing valuable information.
The refining operations sessions were highly practical and relevant to the Nigerian context. They were very thought-provoking, highlighting what is needed to make petrochemical plants successful in Nigeria and deliver greater value.
The training course is well taught and structured. The knowledge, exposure and solutions are insightful in advising and helping the company and country to diversify the economy.
Highly valuable content and engaging delivery.
Very good training course and excellent presenter.
Great delivery, great facilitator, carried everyone along and always ensured delegates understand the topics taught.
The practical exercises were important to improve learning.
Very great and useful training course.
The training course was very valuable and fruitful. The Senior Consultant was really an amazing instructor.
Great training course. Great instructor and training location.
This is a great and excellent training. Thank you to the instructor for the well-delivered lectures.
Excellent training! Very professional and knowledgeable instructor. Everything was clear and presented in a very clear and interesting way. It has been a really great experience and the training course was delivered in a relaxing and nice environment.
The training course was really great, and I gained a lot of valuable information from the Energy Training Centre instructor. The training course content was enriching and enjoyable. Thank you all.
The Energy Training Centre's Senior Consultant comes with a wealth of knowledge!
The training course is amazing in all aspects, material wise and even time distribution. I wish everyone to go through this training course.
I try to not exaggerate my ratings, but this has really been an exceptional training course. Should be marketed towards senior leaders and executives in EGA.
Great presentation and material.
Very useful day. Good instructor and professional presentation. The facilitator was fantastic and on top of the job. His delivery was on point.
Had a lot of workshop activities and this made the training more practical and interesting. I really enjoyed the training. He gave more practical workshop demonstrations, on worksite safety practices (IOSH) and power generation processes. Very useful exercises. Additional knowledge acquired and very useful training. He is the perfect instructor.
The course and instructor were very informative and this will greatly help me in my job
Very good course and very interesting
The presenter is amazing, he knows how to keep the audience engaged and his information of the topic is excellent.
Very good course and very informative. The integration between energy, politics & economics well explained.
I really enjoyed this course, it was extremely benefiting. Moreover, we had a great instructor and an amazing teacher. To be honest, this is the best training I have ever attended.
The course provided significant insight to energy contracts.
The presenter understands us and has in depth knowledge of the topic and he chose the most appropriate examples to demonstrate it.
The programme has equipped me with the necessary tools to develop our interventions in the capacitation of energy markets and pricing regimes. Objectives met.
Today's session was an interesting and very useful introduction to the modules in production practices. Energy Training Centre Instructor taught in a lucid, chronological and helpful way. Looking forward to tomorrow’s session.
I was in a relax mood & environment. I am very much satisfied with this course. Well done Energy Training! I enjoyed every moment of this course, it was interactive in nature and we had an easy discussion.
The course was very fruitful and valuable to improve our leadership skills, in both life and work aspects. The instructor had significant positive influence to add up lots of great insights to this course subject.
The course is educative and has exposed me to the new trend in power system.
The consultant is knowledgeable and intelligent. The course material is also well written for easy understanding, also used a lot of practical example to deliver his point.
Learnt a lot today, especially the discussion on environmental and social impact.
I wish the training wouldn’t end because the trainer was very knowledgeable. I can’t wait to go back to my workplace and implement what I’ve learned.
The training program was well organized and executed. Energy Training’s willingness to assist us with any of our concerns was awesome. Great job!
The training is quite informative and interactive. Also, the venue is very conducive for learning.
Brilliant course and intelligent consultant.
The training was really perfect and informative as we gained a lot of new informations related to my field and work environment. Thanks a lot to the instructor for the efforts and skills which passed to us as well as special thanks to the coordinator which is really supportive and spent most of her time to be friendly & helpful. Very good course and orgnization. Well done!
The instructor is best lecturer and presenter. I was learning everyday and we shared our experiences so thank you very much Energy Training. I will encourage my colleagues to participate in future seminars organized by Energy Training and suggest it to anyone who are in search of training/seminar.
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