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Leadership and Management
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Leadership and Management

AW003 Benefits of Asset Management

This course is in the base subscription pack
Category
Leadership and Management
Bundle - Sub Category
Course Duration
1:00
Subject Matter Expert
Asset Wisdom
Provider
Asset Wisdom

The module provides you with an understanding of what good asset management can achieve, including its impact on business and financial performance. It also provides examples of best practice and show how the benefits of good asset management can be communicated effectively to stakeholders within and outside your organisation. Version number v3l last reviewed 01/06/2020

Target Audience

Those working in sectors where managing assets is important, e.g. Utilities, Facilities Management, Local Authorities.

It is suitable for those new to AM and experienced practitioners needing to check and/or prove their knowledge.

The module can be accessed on any Smart mobile, tablet, laptop or desktop.

It is created by Asset Wisdom using internationally recognised AM specialists.

The module features:

  • Professional audio
  • Animation and interactivity
  • Formative and summative assessments

It is one of 14 modules in the Asset Wisdom Certificate Course that's mapped to the IAM Certificate exam. They cover the GFMAM's and IAM's 39 subjects that describe the scope of AM.

Learning Outcomes

This module will provide an understanding of:

  • The main benefits of an asset management approach
  • How to relate specific, appropriate benefits to different stakeholders and businesses
  • The importance and role of communication and consultation in asset management implementation, and
  • How to recognise and handle some of the common misunderstandings and resistance to change brought about by asset management.

Course Content

To understand the benefits of AM we need to:

  • Understand the impact of implementing good asset management on business and financial performance
  • Know how to make better decisions and manage risk
  • Appreciate governance and regulatory requirements
  • Understand how good asset management improves staff motivation and supply chain relationships and,
  • How to communicate these benefits to all stakeholders.

Estimated Duration

The Online Module contains 40-60 mins learning time.

Continual Professional Development

The module will earn you 1 CPD credit.