Asset Management

Course Introduction

Effective management of physical assets is crucial to the economic well-being of many nations. The way assets are managed influences a company's efficiency and its competitiveness on the global stage. Every year, substantial investments are made to maintain and enhance the asset base, making asset management itself a highly competitive international field.

Across various sectors—including Oil & Gas, Defence, Aerospace, Manufacturing, Public Transport, and Electricity and Water Production & Distribution—asset management is increasingly seen as key to making better investment decisions. Regulatory bodies now require the development and presentation of strategic Asset Management Plans that align with overall corporate strategies. Implementing sound asset management practices not only helps realize these strategies but also demonstrates measurable results.

This Asset Management training course will cover:

• The fundamental principles of Asset Management, aligned with IAM Qualifications.
• An overview of ISO 55000, the international standard on Asset Management.
• Practical approaches to implementing ‘Good Asset Management Practice’.
• Strategies to achieve higher performance at reduced costs while ensuring compliance.
• Methods to assess your current asset management processes and identify areas for improvement.

Objectives

By the end of this Asset Management training course, you will be able to:

• Define Asset Management and explain its role in supporting your organization’s corporate strategy.
• Understand the content and benefits of ISO 55000.
• Apply robust asset management practices—from foundational principles to best practices—to maximize business value.
• Evaluate current asset management methods and pinpoint gaps for improvement.

Training Methodology

This Asset Management training 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 exercises. Experiences from different areas will be discussed. There will be many opportunities for discussion and sharing experiences.

Organisational Impact

Upon completing this Asset Management training course, your organization will be able to:

• Recognize how effective asset management supports the achievement of corporate strategies.
• Gain a clear understanding of ISO 55000 and its practical applications.
• Identify key performance areas and methodologies critical to asset management.
• Implement basic asset management techniques and technologies.
• Assess and improve the current state of asset management processes.

Personal Impact

By participating in this Asset Management training course, you will:

• Gain practical insights into ‘Good Asset Management Practice’.
• Enhance your personal knowledge and professional skill set.
• Improve your work effectiveness by focusing on processes that contribute directly to corporate goals.
• Add significant value to your professional profile.
• Equip yourself with the tools needed to plan and advance your future career.

Who Should Attend?

This Oxford Management Centre Asset Management training 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, including 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 their organizations

Course Outline