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Asset Management for Engineers Unit 3: Creating an Asset Management Policy and Strategy

In stock
1 Hour
Unit overview

This unit has been designed to develop your understanding of the underlying concepts of an Asset Management Policy, Objectives and Strategy and their relationships and interdependencies.

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Further Information
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Level Professional
Partner Details

The Woodhouse Partnership Ltd (TWPL) is a world-leading authority on asset management, risk management, operational excellence, life-cycle costing, risk and performance optimisation.

TWPL has led and facilitated the development of BSI PAS 55 and ISO 55000 standards, the IAM Competency Requirements Framework and Asset Management Maturity guidance.

TWPL operates on a global basis with its head office based near Newbury, Berkshire in the UK with regional offices in North America and Latin America and has been providing education, training and workplace mentoring in asset management for 20 years in 28 countries and most industry sectors.

TWPL’s own Asset Management Academy offers asset management training to individuals and corporate clients at all levels of asset management expertise. The training portfolio includes courses that are aligned to ISO 55000 and the IAMs Competences Framework.

 TWPL was one of the first Asset Management training organiSations to be endorsed by the Institute of Asset Management for professional Asset Management competency development.

Type Unit
What you will learn
After completing this unit, you will be able to:
• Understand the role and importance of an Asset Management Policy in developing Asset Management Strategies and Objectives.
• Understand the line of sight concept and the need for alignment top down and bottom up.
• Understand how stakeholder needs influence the Asset Management Policy, Objectives and Strategy.
• Contribute to the development of Asset Management Strategies and Objectives.
• Understand the differences between an Asset Management Strategy and Asset Management Plan
Who should learn
Learners from organisations where the reliability, performance and attendant risks of fixed assets have a significant impact on business performance will benefit most from this course.

Typical roles in an organisation include:

· Engineering and technical managers
· Project managers and engineers
· Operations managers and staff
· Maintenance managers and staff