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IAM Certificate in Asset Management

This four-day course is designed to give you the knowledge and understanding of asset management and discusses the core concepts and practical applications in a highly interactive manner.

This course is suitable for those with some experience of asset management (some specific maintenance experience, but little knowledge of the wider context, such as business strategy, risk management or life cycle costing).

Public and private organisations invest vast sums of money in assets. These could be related to infrastructure, utilities, buildings and machinery in sectors such as oil, gas, chemical, utilities, engineering, transport and manufacturing. If you work your assets too much they may fail and incur expensive repair and loss of product/service costs. If your asset is underutilised then capital is tied up unnecessarily.

Asset management is not just about maintenance and keeping downtime to a minimum, it is about optimising the performance and minimising the cost of ownership throughout the lifecycle of the asset. This qualification recognises individual asset management knowledge and understanding and certifies your understanding of the fundamental principles.

By attending the course, you will gain an understanding of:

•   Principles of asset management
•   Asset management policy, strategy & planning
•   Managing asset life cycle decisions and activities
•   Assessing and managing asset management risks
•   Finance and business impact

Session 1 – Welcome and Introduction

  •  EA Technology
  •  Course trainers
  •  Housekeeping and infrastructure test
  •  Initial assessment

Session 2 – What is Asset Management?

  •  The premise behind asset management
  •  Overview of asset management systems
  •  Asset management myth-busting
  •  Asset management conceptual model
  •  The asset management challenge
  •  The benefits of implementing asset management

Session 3 – Asset Management Principles

  •  Asset management documentation structures
  •  Asset management policy, strategy & plans
  •  Worked example: Capenhurst Construction
  •  Alignment in asset management
  •  Asset management scope
  •  Stakeholders
  • The role of the asset manager

Session 4 – Asset Management Decision Making

  •  Capital investment decision making
  •  How electrical utilities approach investment
  •  The concept behind health indices
  •  The quantification of asset risk
  •  Asset criticality
  •  Risk matrices

Session 5 – Asset Management Decision Making Continued

  •  Asset operation
  •  Potential approaches to asset maintenance
  •  Established maintenance techniques
  •  Worked example – RCM
  •  Total cost of ownership
  •  Resourcing strategies
  •  Dealing with obsolescence
  •  Outages and shutdowns
  •  Case study: Transformer Tapchanger

Session 6 – Asset Lifecycle

  •  Stages of an asset lifecycle
  •  Influencing factors
  •  Asset stewardship vs ownership
  •  Why assets fail
  •  Lifecycle maintenance: worked example
  •  Approaches to asset disposal
  •  Whole life costs
  •  Case study: Mike’s Minicabs

Session 7 – Asset Data?

  •  Fundamental requirements
  •  Where asset data is used
  •  Data types
  •  Data vs information
  •  Data considerations
  •  Common problems
  •  Data structures & MoSCoW
  •  Case study: The Database Dilemma

Session 8 – Organisation Structures, Risk and Review Asset Management System Requirements

  •  The difference between leadership & management
  •  Examining asset management structures
  •  Asset management culture
  •  What is risk?
  •  Dealing with uncertainty
  •  Management of change
  •  Performance and risk indicators
  •  Asset management system monitoring
  •  Stakeholder engagement
  •  Case study: The EA Technology Jam Butty Mine

Session 9 – Review and Revision Session

  •  Open Q&A session
  •  Mock exam

Session 10 – IAM Certificate Exam

Programme may be subject to amendment

Whilst there are no entry requirements for the Qualifications (nor do you need to be a member of the IAM), the IAM Certificate is aimed at those new to asset management or with some initial experience of working in an asset management role. Equally, you may have worked in asset management for a while and wish to embark on discipline relevant qualifications.

Examples could be individuals:

•  New to asset management
•  With some asset management experience
•  Who hold the Foundation Award and want to continue to improve their AM knowledge
•  Experienced individuals who wish to gain a formal IAM qualification

With over 10 years of operational experience within the UK DNO sector, Andrew Harrison joined EA technology as a senior consultant for the Strategic Asset Management (SAM) team in April 2011. Formally a Senior Authorised Engineer with Scottish Power, Andrew has an operational background in fault investigation, restoration and repair. He specialised in the delivery of distribution asset replacement and substation modernisation projects.

Andrew has undertaken network performance and reliability improvement projects, elements of emergency planning, and the application of telecontrol & secondary automation systems to distribution networks.

Andrew has extensive experience in the delivery of Condition Best Risk Management (CBRM) projects within the electricity and gas industries, with customers including UK Power networks and National Grid Gas. He has been actively involved in the continuous development of CBRM relating to Load Related Risk.

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Course duration: 4 days


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