Risk-Based Asset Management
View a Single Point Lesson on Equipment Bill of Materials An example of the useful, action-oriented information you'll learn in this course.
Risk-Based Asset Management Training
Explore how to improve asset performance by building effective asset risk, operations and maintenance plans – three major components of a life cycle asset management plan. Learners are exposed to the concepts of designing for reliability, reliability centered maintenance, failure risks and control strategies, restoration vs. disposal investments and continuous improvement opportunities.
This course will cover all of the roles defined in the Institute for Asset Management (IAM) Competencies Framework - Policy Development, Strategy Development, Asset Management Planning, Implement Asset Management Plans, Asset Management Capability Development, Risk Management and Performance Improvement, Asset Knowledge Management. Specific emphasis will be placed on implementation, risk, performance improvement, and knowledge management.
The IAM course objectives this program is designed to advance include:
IAM Course Objective B5 – Implementing Asset Management Plan.
Describe and give examples of approaches, tools, and techniques for life cycle analysis and whole life costing, determining costs and budgets, allocating resources and managing work activities.
IAM Course Objective B6 – Assessing Asset Management Risk and Performance.
Describe and give example of standards, processes, and systems to generate the information required to manage risks.
Learn How To
- Draft components of an asset management plan: risk, operations and maintenance plan
- Describe asset management information required to manage risk and improve performance
- List ways to extend the life of assets and evaluate their effectiveness
- Use a failure mode effects analysis (FMEA) to analyze risks and map controls strategies
- Describe how audits, reviews and key performance indicators drive continuous improvement
- Practice applying a standard process for preventive maintenance optimization
- Determine a plan for asset renewal or disposal based on asset management strategy
- List key internal and external partners to include in asset management
What our Students are Saying:
"The Life Cycle Institute facility was excellent for training. The staff was a pleasure to work with and the facilitator was one of the best instructors I have studied under. He provided excellent examples, hands-on material and real life feedback. My experience was over the top."
-Gordon Vickous, Berry Plastics
"My experience at the Life Cycle Institute was wonderful. The content was highly applicable to my job, the facilitator did a fantastic job of providing relevant and interesting examples and the hospitality was great as always."
-Michael Atwood, USS-POSCO
Who Should Attend
This is ideal for people responsible for the design, installation, commissioning, operation and maintenance of capital assets and auxiliary equipment. This includes project engineers, reliability engineers, maintenance managers, operations managers, and engineering technicians.
Life Cycle Institute, 4360 Corporate Road, Charleston, SC 29405
Clemson University - Center for Corporate Learning, One N. Main Street, Greenville SC 29601
Each course includes a comprehensive active learning manual, morning and afternoon refreshments, lunch, and the use of a fully equipped e-business center. Class hours are 8:30am to 4:30pm Monday through Thursday and 8am to 12pm Friday. All students completing a class at the Life Cycle Institute will receive a certificate of completion awarding CEU’s.
For More Information on Training and Services
800-556-9589 | education@LCE.com