This course can be purchased as part of the
Leadership and Management
bundle. Enquire here!
Leadership and Management

AW010 Asset Management Decision Making

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 demonstrates how good AM decision making is crucial to the development of robust AM plans and how a good framework ensures a consistent approach to capital, operational and maintenance investment decisions. It also provides an understanding of the role of policy, strategy, demand analysis and objective setting. The module complements Asset Wisdom's 'Asset Information' module which explains the importance of defining information requirements. Version number v2h 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

By completing the module, you'll understand:

  • The importance of a robust decision making framework for asset intervention decisions and the optimisation of AM plans
  • The principle concepts, processes and tools that support risk-based decision making
  • The role that effective Life Cycle costs and value realisation plays within this decision making framework
  • The role that optimised resource strategies can have in risk management and how they underpin the delivery of AM plans.

Course Content

The AM Decision Making module demonstrates:

  • That AM is a cross disciplinary activity calling for expertise and knowledge from multiple sources
  • The decision making factors in capital investments, minor projects, operations and maintenance
  • The processes for optimising resource strategies
  • The process for optimising shutdown and outage strategies

Estimated Duration

The Online Module contains 40-60 mins learning time.

Continual Professional Development

The module will earn you 1 CPD credit.