Risk-Based Asset Management


Link Learn more about the Reliability Engineering Certification Program

Link Learn more about the Maintenance Management Certification Program

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

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, and Asset Knowledge Management. Specific emphasis will be placed on implementation, risk, performance improvement, and knowledge management.

This program is designed to advance these IAM course objectives:
IAM Course Objective B5 – Implementing Asset Management Plan
IAM Course Objective B6 – Assessing Asset Management Risk and Performance

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.

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.

For More Information on Training and Services

800-556-9589 | education@LCE.com

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Course Dates

March 8-10, 2016
(Greenville, SC)

March 29-31, 2016
(Dubai, UAE)

June 14-16, 2016
(Overland Park, KS)

September 13-15, 2016
(Charleston, SC)

November 1-3, 2016
(Dubai, UAE)

Course Information

Price: $1,495
CEUs: 2.1

Course Locations

Life Cycle Institute
4360 Corporate Road
Charleston, SC 29405

Clemson University
Center for Corporate Learning
One N. Main Street
Greenville SC 29601

Related Resources:

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.