COURSE OVERVIEW:

Asset management for rotating equipment is a strategic approach that aligns technical maintenance with organizational goals to maximize the value of industrial machinery. This course introduces the principles of ISO 55000, focusing on the lifecycle management of pumps, compressors, turbines, and motors. Understanding how to balance performance, risk, and cost is essential for ensuring that rotating assets contribute to the long-term sustainability and profitability of the plant.

The scope of this training involves the development of an Asset Management System (AMS) tailored for rotating machinery. Participants will examine the concepts of "Line of Sight," leadership, and stakeholder engagement in the context of maintenance. The coverage extends to the study of lifecycle costing (LCC), criticality assessment, and the implementation of proactive maintenance strategies that move beyond traditional "repair and replace" mindsets.

Furthermore, the course addresses the role of data and digitalization in modern asset management. It delves into the use of Computerized Maintenance Management Systems (CMMS), the application of predictive analytics, and the importance of performance-based KPIs. By focusing on the strategic framework provided by ISO 55000, the course empowers technical professionals to lead organizational change and optimize the reliability and output of the plant’s rotating equipment population.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

1. Explain the core principles and requirements of the ISO 55000 standard.
2. Develop a Strategic Asset Management Plan (SAMP) for rotating equipment.
3. Conduct comprehensive equipment criticality assessments.
4. Apply lifecycle costing (LCC) to justify capital and operational expenditures.
5. Align maintenance activities with the organization's business objectives.
6. Implement risk management frameworks for critical rotating assets.
7. Analyze the role of leadership and culture in asset management success.
8. Utilize performance-based KPIs: MTBF, MTTR, and OEE.
9. Optimize spare parts inventory based on asset criticality and risk.
10. Integrate digitalization and IoT into the asset management strategy.
11. Execute "Repair vs. Replace" decisions based on technical and financial data.
12. Manage the decommissioning and renewal process for aged machinery.
13. Conduct internal audits of the Asset Management System.
14. Facilitate cross-functional collaboration between maintenance, operations, and finance.

TARGET AUDIENCE:

This course is designed for maintenance managers, asset managers, reliability engineers, and plant directors responsible for the strategic oversight of rotating equipment fleets.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximise the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.