Asset Management for Engineers Unit 6: Asset Management Planning and Execution
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.
• Understand how Asset Management objectives, the SAMP and other Asset Management system documents are used in development of Asset Management plans.
• Understand how the needs and capabilities of the assets and Asset Management system are identified and included in plans.
• Understand how the line of sight (alignment) is applied to the development of Asset Management plans – top down and bottom up.
• Understand how constraints are managed including the principles of prioritisation and optimisation.
• Understand how risk management is integrated into Asset Management planning and delivery.
• Understanding the importance of planning processes including clarity of roles and responsibilities during development and delivery of plans.
• Understand the practicalities of managing the delivery of plans for capital and operational expenditure.
• Recognise the importance of monitoring, forecasting and controlling plan delivery.
Typical roles in an organisation include:
· Engineering and technical managers
· Project managers and engineers
· Operations managers and staff
· Maintenance managers and staff