Asset Management Fundamentals

December 7, 2020

AGENDA

Monday, December 7, 2020 Central Time

9:00 - 9:15 am :: Login

9:15 a.m. – 5:00 p.m. :: Course Timing

12:15 – 1:00 p.m. :: Lunch Break

Basic Asset Management Concepts, Principles and Terminology

• • Origins and History of Asset Management (PAS 55, ISO 55000)
  • Drivers and Components of Asset Management
  • Fundamental Concepts: Value, Alignment, Leadership, Assurance

The Breadth of Asset Management Activities

• • Asset Management Versus Asset Management System
  • The IAM “Six Box” Model
  • Organizational Objectives and Context
  • Asset Management Policy and Strategy
  • Asset Management Plans

Common Characteristics of Good Asset Management

• • Dimensions: Holistic, Systematic, Systemic, Risk-based, Optimal, Sustainable, Integrated
  • Business Value Orientation
  • Line-of-Sight Alignment
  • Life Cycle Value Realization
  • Risk-Based Orientation

Some Commonly Used Techniques

• • Stakeholder Analysis
  • Technical Versus Economic Asset Life
  • Whole Life Cost Analysis
  • Life Cycle Decision-Making
  • End-Of-Life Decision-Making – Expected Useful Life Analysis
  • Condition Assessment - Asset Health Indices
  • Risk Analysis
  • Investment Optimization
  • Asset Performance Management

The Types of Benefits Organizations Can Realize

• • Finding the Right Balance Between Cost, Risk and Performance
  • Improved Capital Efficiency
  • Optimized Maintenance Spending
  • Better Collaboration Between Key Roles Across Asset Life Cycles

Potential Next Steps for Organizations Who Wish to Continue With Their Asset Management Journey

• • Organizational Models
  • Change Management
  • Enabling Technology and Data
  • Maturity Level Assessments
  • Competency Development
  • Transformation Roadmaps

INSTRUCTOR

Tom Myers, Principal Asset Management Consultant, HDR

Tom Myers is a Fellow of the Institute of Asset Management (IAM) and a member of the IAM USA Executive Board.  He is an IAM Endorsed Trainer and Endorsed Assessor with over 20 years of asset management consulting experience.  Tom has over 35 years of experience as a management consultant with top-tier firms in the industry and has worked on more than 80 projects at over 50 companies in 10 countries.  His educational background and extensive worldwide experience have provided him with a unique understanding of the technical, operational, and financial challenges related to asset management.  Tom is a frequent speaker on asset management issues and recognized thought leader in the industry.  

ONLINE DELIVERY

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.

• You will receive a meeting invitation will include a link to join the meeting.
• Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
  • You will need to join the appropriate meeting at the appropriate time.
• 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.