Learning Objectives

Upon successful completion of this course, participants will be able to:

1. Fundamentals of Asset Knowledge and Management

• Understand the role of asset knowledge in operational efficiency and profitability.
• Learn about asset classification (critical, non-critical, fixed, and rotating assets).
• Implement asset lifecycle management strategies (acquisition, operation, maintenance, decommissioning).

2. Asset Performance Monitoring and Optimization

• Identify key asset performance indicators (KPIs).
• Utilize Overall Equipment Effectiveness (OEE), Mean Time Between Failures (MTBF), and Mean Time To Repair (MTTR).
• Apply Lean Six Sigma and continuous improvement methodologies to enhance asset productivity.

3. Asset Reliability and Risk Management

• Conduct Failure Modes and Effects Analysis (FMEA) and Root Cause Analysis (RCA).
• Implement Reliability-Centered Maintenance (RCM) strategies.
• Manage operational risks through predictive and preventive maintenance programs.

4. Digitalization and Industry 4.0 in Asset Management

• Leverage Industrial Internet of Things (IIoT) for real-time asset monitoring.
• Use Artificial Intelligence (AI) and Machine Learning (ML) for predictive analytics.
• Integrate Enterprise Asset Management (EAM) and Computerized Maintenance Management Systems (CMMS).

5. Maintenance Strategies and Cost Optimization

• Compare different maintenance approaches (reactive, preventive, predictive, condition-based maintenance).
• Optimize spare parts inventory and supply chain logistics for asset reliability.
• Reduce downtime and operational costs through advanced asset tracking techniques.

6. Safety, Compliance, and Sustainability in Asset Management

• Ensure compliance with international standards (ISO 55000, OSHA, API, IEC 61508).
• Implement HSE best practices for asset safety and risk reduction.
• Develop sustainable asset management strategies to reduce environmental impact.

7. Case Studies and Practical Applications

• Analyze real-world asset management success stories and challenges.
• Participate in hands-on exercises for asset tracking, performance analysis, and maintenance planning.
• Develop a customized asset optimization plan for your organization.

Target Audience

• Asset and maintenance managers
• Reliability and mechanical engineers
• Operations and plant managers
• Digital transformation specialists in asset management
• HSE and compliance officers