Fundamentals of Asset Management Training

This DIXONTECH course provides a comprehensive foundation in asset management principles, focusing on the strategic, operational, and financial aspects of managing assets effectively throughout their lifecycle. Participants will gain an understanding of asset performance, valuation, maintenance, and optimization strategies, learning to align asset management with corporate goals, sustainability standards, and international best practices (ISO 55000).

TRAINING TOPICS

• Core Principles of Asset Management and ISO 55000
• Asset Lifecycle, Valuation, and Performance Management
• Risk-Based Asset Planning and Decision-Making
• Asset Maintenance, Reliability, and Optimization
• Financial and Strategic Aspects of Asset Management

By the end of this training course, delegates will be able to:

• Understand core asset management concepts and frameworks
• Develop lifecycle strategies for asset performance optimization
• Integrate financial and operational asset management practices
• Apply risk-based approaches to asset planning
• Measure and improve asset utilization and reliability
• Enhance governance and sustainability in asset operations
• Support decision-making with data-driven asset insights

TRAINING IS TAILORED TO:

• Asset and maintenance managers
• Engineers and operations specialists
• Financial analysts and controllers
• Project and facilities managers
• Risk and compliance officers
• Procurement and logistics professionals
• Public and private sector asset custodians

TRAINING METHODOLOGY

This course combines lectures, group exercises, and case studies focused on real asset management challenges. Participants will use performance models and analytical tools to evaluate asset conditions, optimize lifecycle costs, and improve long-term asset value for organizational sustainability.

DAY 1

INTRODUCTION TO ASSET MANAGEMENT PRINCIPLES

• Definition and objectives of asset management
• Importance of asset management in organizations
• Overview of ISO 55000 standards and framework
• Linking asset management with organizational strategy
• Classification of physical, financial, and intangible assets
• Stakeholder roles and asset governance
• Case study: building an asset management system

DAY 2

ASSET LIFECYCLE AND PERFORMANCE MANAGEMENT

• Asset lifecycle stages: acquisition to disposal
• Evaluating asset performance indicators (KPIs)
• Lifecycle costing and replacement strategies
• Depreciation and valuation methods for assets
• Asset data management and documentation systems
• Key performance and efficiency metrics
• Practical exercise: asset performance dashboard

DAY 3

RISK-BASED ASSET PLANNING AND DECISION-MAKING

• Identifying and assessing asset-related risks
• Applying risk-based maintenance and investment decisions
• Criticality analysis and prioritization of assets
• Reliability-centered maintenance (RCM) principles
• Balancing cost, risk, and performance in asset decisions
• Decision support tools and asset risk matrix
• Case study: developing a risk-based asset plan

DAY 4

ASSET MAINTENANCE AND OPTIMIZATION STRATEGIES

• Preventive vs. predictive maintenance programs
• Condition-based monitoring and reliability metrics
• Failure mode and effects analysis (FMEA)
• Optimizing maintenance scheduling and costs
• Data-driven decision support for asset maintenance
• Integration of digital technologies (IoT, CMMS)
• Workshop: improving maintenance performance efficiency

DAY 5

FINANCIAL AND STRATEGIC ASPECTS OF ASSET MANAGEMENT

• Financial planning for asset portfolios
• Capital expenditure (CAPEX) vs. operational expenditure (OPEX)
• Asset investment appraisal and budgeting methods
• Governance, reporting, and performance review frameworks
• Sustainability and ESG considerations in asset management
• Future trends: digital twins and AI in asset management
• Capstone project: developing an asset management strategy