Rail Asset Management in the Digital Age

May 29-30, 2024 | Online :: Central Time

0524-rail-asset-management

Railway is a complex system-of-systems with thousands of assets spread across a large area. As railway operators seek to improve reliability, availability, safety, and environmental sustainability of their systems through expansion and modernization, asset management provides a structured and systematic approach to balance performance, risks and whole-life costs.

The digital transformation of railways driven by artificial Intelligence (AI) and related technologies has created new opportunities and challenges which impact the effectiveness and efficiency of asset management strategies. This is particularly relevant for rail operators who need to consider multiple, and often competing, priorities of:

• Safety
• Climate resilience
• Digitalization
• Cybersecurity
• Financial stewardship
• Regulatory compliance
• Customer expectations
• Workforce management, and much more

The Rail Asset Management in the Digital Age course is designed to provide a basic understanding of rail asset management concepts, principles, processes, and best practices; and to prepare professionals to plan, implement, and lead rail operations, maintenance, and capital projects by successfully leveraging asset management techniques.

Learning Outcomes

• Define asset management terminology, definitions, and principles
• Conceptualize, develop and lead asset management projects to optimize rail operations and maintenance
• Manage the expectations of stakeholders with respect to asset management
• Discuss how to use data and analytics for decision making and investment prioritization
• Develop business case using lifecycle cost models to secure executive approval and funding for rail projects
• Gain insight into structured approaches such as reliability-centered maintenance and lifecycle costing to realize greater value from assets
• Explore strategies to manage resources efficiently to deliver capital projects such as modernization and capacity expansion on schedule and under budget
• Benefit from sharing of best practices in rail asset management
• Collaborate and network in online workshops and break rooms

Wednesday, May 29, 2024 : Central Time

 

Railway as an Asset-Centric System

• Major Components of Rail Assets, Asset Hierarchy, Mission Critical Assets for Risk Management
• Linear and Non-linear Asset Management in Railways
• Federal Guidance and Regulation, Standards (ISO55000)
• AI as a Game-changer, Driver of Digital Transformation

Asset Management Framework and Strategy

• Asset Management Concept, Principles and Benefits
• Building an Asset Management Organization
• Maturity Evaluation and Continuous Improvement
• Asset Knowledge Management

Asset Management Planning and Reporting

• Asset Inventory Development and Improvement
• Asset Tracking and Condition Assessment
• Performance Measures and Targets
• Preformatted and Customized Reports

Data-based Decision Making

• Rail Asset Management Software and Technologies
• Real-time Integration of the Enterprise Asset Management with Other Business Process Systems (such as project management, reporting and financial management to create a single source of true data and drive efficiency)
• Leveraging Emerging Technologies in Asset Management (AI, IoT, ML)
• Data Dashboards to Measure Performance

Asset Management to Improve Operations

• Integrating Performance, Risk and Asset Management
• Emergency Preparedness, Response and Recovery
• What-if Simulation, Digital Twins
• Infrastructure and Technology Upgrades for Rail Electrification

Maintenance Management

• Computerized Maintenance Management System (CMMS)
• Reliability Centred Maintenance: smart root-cause finding, failure reporting to identify failure drivers, component failure prediction
• Reducing Cost and Failures with Predictive Maintenance
• Work Order Management, Use of Mobile Devices
• Strategic Inventory Control and Warranty Management

 

Thursday, May 30, 2024 : Central Time

 

Capital Investment Prioritization and Reinvestment

• Capital Planning and Programming for Investment Prioritization
• Streamlining Procurement and Project Delivery
• Asset Lifecycle Management
• Renewal and Modernization

Security, Safety and Sustainability

• On-board and Signaling Systems
• Cybersecurity
• Climate Resilience and Sustainability
• Acceleration of Decarbonization, Net-zero Rail

Best Practices in Rail Asset Management

• Workforce Training and Development
• Leveraging Innovative Funding Sources
• Emerging Technology Pilots (augmented reality, drones, sensors, thermography, etc.)
• Asset Management – Outsourcing or In-house?
• Mobile Working and Digital Assistant

Shivani Saxena, Director, TAM America

Shivani Saxena, Director at TAM America, has experience of over 21 years in supporting clients seeking to improve the efficiency, capacity, safety and reliability of their assets. She delivers consulting assignments, research projects, knowledge transfer sessions and technical conferences. Prior to TAM America, Shivani has worked with CH2M Hill (now Jacobs), Kleinfelder, and Global Mass Transit.

Shivani received her undergraduate degree in civil engineering from the Indian Institute of Technology (IIT), Kanpur, India, master’s degree in Civil and Environmental Engineering from the University of California, Berkeley, USA, master’s in business administration from the Indian Institute of Management (IIM), Ahmedabad, India. She has done short-term courses at the University of Pennsylvania Wharton School of Business and the University of Amsterdam, the Netherlands.   

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

• Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
• You will receive a separate email with a unique link to a personalized landing page which will include links to join all sessions of this event.
• If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
• The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event

REGISTER NOW FOR THIS EVENT:

Rail Asset Management in the Digital Age

May 29-30, 2024 | Online

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before April 26, 2024 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.0 CEUs for this event

 

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Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 11.0
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

EUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

 

Who Should Attend

This course caters to a wide range of roles and disciplines within the railway industry, ensuring that attendees can effectively contribute to the planning, implementation, and leadership of rail operations, maintenance, and capital projects through the application of asset management techniques.

• Railway Engineers
• Project Managers in Rail
• Operations and Service Delivery Managers
• Maintenance and System Reliability Managers
• Planning, Financial Accounting and Budgeting Professionals
• Safety Managers
• IT, Information, Technology and Digital Services Professionals
• Innovation Officers
• Business Development and Sales Personnel in Rail Supplier Companies
• Capital Investment Planning Professionals
• Construction and Program Managers
• Grants Management Professionals
• Procurement Specialists
• Cybersecurity Professionals
• Climate Action and Environmental Sustainability Managers
• Quality Control and Performance Managers
• Regulatory Compliance Officers
• Account Managers and Customer Service Experts Serving Rail Companies
• Human Resources and Workforce Managers for Rail Companies
• Regional Transportation Planners
• Asset Management Consultants
• Staff from Technology Developers and Service Providers in Rail Sector