Risk-Based Asset Management :: Life Cycle Institute :: Life Cycle Engineering

Life Cycle Institute Risk-Based Asset Management

Risk-Based Asset Management


Acrobat PDF Icon Risk-Based Asset Management Course Description (PDF)

Link 2014/15 Life Cycle Institute Class Schedule

Link Learn more about the Reliability Engineering Certification Program

Link Self-paced eight-minute Failure Modes and Effects Analysis Introduction



Acrobat PDF Icon 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

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.

Course Dates

October 27-29, 2015 (Dubai, UAE)
January 26-28, 2016 (Columbus, OH)
March 8-10, 2016 (Greenville, SC)
June 14-16, 2016 (Overland Park, KS)
September 13-15, 2016 (Charleston, SC)

Course Pricing


Course CEUs


Course Locations

Life Cycle Institute, 4360 Corporate Road, Charleston, SC 29405
Clemson University - Center for Corporate Learning, One N. Main Street, Greenville SC 29601

Additional Information

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.

UTK Seal
Approved for credit toward the University of Tennessee’s Reliability & Maintainability Certificate.

Course Facilitators

Bill Barto
Dave Mierau
Mike Poland



For More Information on Training and Services

800-556-9589 | education@LCE.com

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View the Life Cycle Institute Class Schedule
ISO 55000 Workshop
has partnered with Clemson University to the Reliability Engineering Certificate