Development of a Strategic Asset Management Plan 101 (SAMP)

Lessons

1. References

   13 mins

   This video provides a listing of useful Technical, Financial, Leadership and Culture references. It is highly recommended that you take some time to research these references for your own knowledge and awareness.
2. Defensible Budgets

   14 mins

   Peter Kohler

   This video summarises what elements combined to create a Defensible Budget.
3. Introduction to Asset Management

   13 mins

   Peter Kohler

   This video provides a brief introduction to Asset Management and Strategic Asset Management Planning.
4. Module 2 Content

   13 mins

   Peter Kohler

   In this video Peter introduces five fundamental questions that will be addressed in Module 2 of the Strategic Asset Management Plan course.
5. What are Assets?

   13 mins

   Peter Kohler

   In this video Peter addresses the first of the fundamental questions, namely What are Assets and What is the value that those Assets bring to an organisation.
6. What is Asset Management?

   13 mins

   Peter Kohler

   In this video Peter explains that there are two different but similar definitions of what Asset Management is. The definition from the ISO Standard is more appropriate for senior people from an organisation whereas the definition from the Asset Management Council is more appropriate for technical or financial people from an organisation.
7. The Role of Asset Management

   13 mins

   Peter Kohler

   In this video Peter addresses what the role and worth of Asset Management is. Peter does this by explaining why organisations need to development effective Asset Management Systems to identify what the organisation wants to do and how to deliver value with the assets that are available.
8. The Worth of Asset Management

   16 mins

   Peter Kohler

   In this video Peter continues to elaborate on what the Role and Worth of asset management is.
9. The Asset Management Models

   13 mins

   Peter Kohler

   In this video Peter runs through three Models developed by the Asset Management Council (Australia) that can be used to explain 'what, why and how' from an Asset Management perspective.
10. Asset Management Concept Model

    15 mins

    Peter Kohler

    In this video Peter explains the Asset Management Concept Model, which has four different principles (fundamentals) supported by a series of processes. Output Focus, Level of Assurance, Capabilities and Learning Organisation.
11. Conclusion of Asset Management Concept Model

    13 mins

    Peter Kohler

    In this video Peter explains what he means when he says "For the Fundamentals of Asset Management to become real then we have to be able to demonstrate how they are made real."
12. Asset Management Systems Model

    19 mins

    Peter Kohler

    This video delves into the second Asset Management Model that we are looking at, namely the Asset Management System Model. This Model can be used to explain what an Asset Management System is and what we need to do to make the Asset Management Principles real.
13. Capability Delivery Model

    16 mins

    Peter Kohler

    This video delves into the third Asset Management Model that we are looking at, namely the Capability Delivery Model. This Model can be used to provide a process view of the inter-relationship between Asset Management Processes that support what the business wants.
14. Putting it all together

    14 mins

    Peter Kohler

    Combining all three of the Asset Management Council's Models creates quite an interesting framework for you to consider. In this video Peter explains the relationship between the three models and how they can be combined to help you and your organisation.
15. Key Disciplines of Asset Management

    13 mins

    Peter Kohler

    In this video, Peter summarises the key disciplines of Asset Management and explains that teamwork and bringing these disciplines together is one of the key themes within the discipline of Asset Management.
16. Asset Management Processes

    13 mins

    Peter Kohler

    In this video, Peter talks through the Asset Management process by dividing it up into four different key elements.
17. Defensible Asset Management Activities: Strategic

    16 mins

    Peter Kohler

    In this video Peter explains the strategic level of the Program of Defensible Asset Management Activities. Peter identifies five activities that are at the strategic level which need to be addressed in the Strategic Asset Management Plan.
18. Program of Defensible Activities: Planning

    17 mins

    Peter Kohler

    After identifying five strategic activities in the previous video, in this video Peter describes planning activities that can and should be used when planning and developing Asset Management Plans.
19. Program of Defensible Activities: Scheduling and Execution plus Continual Improvement

    16 mins

    Peter Kohler

    In this video Peter discusses the integration of three important activities from the Program of Defensible Activities. These activities fall under the headings of Scheduling, Execution and Continual Improvement.
20. Leadership

    15 mins

    Peter Kohler

    In this video Peter discusses the importance of leadership styles and behaviours and raises the question of what would be appropriate for your organisation.
21. Asset Management Cultures

    15 mins

    Peter Kohler

    In this video Peter discusses values and beliefs, and illustrates four different Asset Managements Cultures. Peter raises the issue of what affects the workplace culture and how we might need to change our leadership styles to achieve the workplace culture that we are striving for.
22. The value of an Asset Management Culture

    16 mins

    Peter Kohler

    In this video Peter discusses the value of an Asset Management Culture in each of four typical organisational cultures. Peter explains that if you want to improve your organisation performance than you may have to change your organisation's workplace culture and your leadership style.
23. Module 3: SAMP and Asset Management Policy

    14 mins

    Peter Kohler

    In this video Peter introduces the third module of the course, and provides a brief summary of the first of the three artifacts that the ISO 5000 requires - the Asset Management Policy.
24. Artefacts of the Asset Management System

    19 mins

    Peter Kohler

    In this video Peter reviews the definition of a Strategic Asset Management Plan from ISO 55001 and explains his interpretation of what each of the three parts of that definition mean.
25. Stakeholders and Stakeholder Requirements

    16 mins

    Peter Kohler

    In this video Peter discusses who an organisation's stakeholders are, as well as where their requirements need to be documented and how their requirements may need to be managed.
26. Decision Making Criteria

    16 mins

    Peter Kohler

    Risk based decision making is one of the most important Asset Management concepts. In this video Peter discusses decision making criteria which are a key part of the Risk Management Framework of many organisations.
27. Organisational Objectives

    14 mins

    Peter Kohler

    Knowing what your Organisational Objectives are, and also that there is a requirement for them to be documented in the Strategic Asset Management Plan is important information that should not be overlooked. This video briefly outlines what Organisational Objectives are and how they are to be used.
28. Asset Management Objectives

    15 mins

    Peter Kohler

    Despite mentioning Asset Management Objectives in many previous videos, we have not yet provided a detailed explanation of what is an Asset Management Objective. In this video we finally give you that explanation.
29. Hierarchy of Asset Management Objectives

    15 mins

    Peter Kohler

    While all Asset Management Objectives are important we like to think of each objective fitting into a hierarchical scheme meaning that you need each objective to work together to reach to overall objective.
30. Asset Management Objectives - 3 Key Questions

    17 mins

    Peter Kohler

    In this video Peter poses three key questions about Asset Management Objectives. Peter then explains the purpose of these questions and what results you can get from the answers.
31. Costs over the Life Cycle

    15 mins

    Peter Kohler

    In this video Peter discusses Costs Over the Life Cycle using a diagram developed by staff from the Asset Management Council.
32. Asset Management Objectives and Revenue

    17 mins

    Peter Kohler

    In this video Peter discusses why it is important for Asset Managers to be aware of their organisation's Chart of Accounts, and how the Asset Management Objectives should demonstrably be linked to revenue.
33. What is an Organisation Structure

    14 mins

    Peter Kohler

    In this video Peter discusses types of Organisation Structure and what that structure needs to capable of supporting.
34. AM Organisational Structure - Functionally Based

    14 mins

    Peter Kohler

    In this video, Peter discusses a typical Asset Management Organisational Structure using the Capability Delivery Model to illustrate a Functionally Based Organisational Structure.
35. AM Organisational Structures: Functionally Based_Advantages and Disadvantages

    14 mins

    Peter Kohler

    In this video Peter discusses some of the advantages and disadvantages of a Functionally Based Organisational Structure.
36. AM Organisational Structures: Asset or Class Based

    14 mins

    Peter Kohler

    Continuing on with the Asset Management Organisational Structures, Peter explains some of the features of the Asset or Class Based Organisational Structure.
37. AM Organisational Structures: Asset or Class Based_Advantages and Disadvantages

    14 mins

    Peter Kohler

    In this video, Peter discusses some of the advantages and disadvantages of adopting an Asset or Class Based Asset Management Organisational Structure.
38. AM Organisational Structures: Matrix/Output Focussed

    16 mins

    Peter Kohler

    In this session, Peter discusses another AM Organisational Structure being more Matrix/ Output and how this structure works in different organisations.
39. Competency Management

    14 mins

    Peter Kohler

    This video explains why Competency Management within an organisation is important, and what factors need to be considered in determining the competency needs of individuals and especially decision makers within an organisation.
40. Competency Analysis

    14 mins

    Peter Kohler

    In this video Peter describes some key features of Competency Analysis. He explains how you analyse a task and determine what skills, knowledge and competencies may be required to undertake that task.
41. Competency Management: Authorised Engineering Organisation

    13 mins

    Peter Kohler

    In this video Peter discusses the Regulatory Requirements for business to provide assurance that their team are following approved processes and are competent to make decisions.
42. Strategic Approach for Contracting out

    16 mins

    Peter Kohler

    In this video Peter discusses four distinct functions from the Capability Delivery Model and what strategic approach might be considered for deciding whether to contract out any of those functions.
43. Strategic Approach for Contracting out: Useful Things to Consider

    14 mins

    Peter Kohler

    Continuing on from the previous video, Peter shows how the Capability Delivery Model can be used identify management interfaces and some of the risks that arise when contracting out.
44. Module 4 Introduction - FRACAS

    14 mins

    Peter Kohler

    In this video Peter explains why a Failure Reporting and Condition Assessment Systems (FRACAS) Tool is an important part of a Continual Improvement Program.
45. Continual Improvement

    19 mins

    Peter Kohler

    In this video Peter discusses the Capability Delivery Model and poses a series of questions that should be asked as part of a Continual Improvement process.
46. FRACAS

    20 mins

    Peter Kohler

    In this video, Peter describes the FRACAS system and the importance of the Operational Data and Failure Data that it collects and feeds back into the analytical processes that are part of an organisation's Continual Improvement Processes.
47. Module 5 Asset Management Maturity Improvement Plan Introduction

    15 mins

    Peter Kohler

    In this video, Peter describes why an organisation would be expected to develop an Asset Management Maturity Improvement Plan (AMMIP) and what activities would typically be included in that AMMIP.
48. Asset Management Maturity Improvement Plan

    17 mins

    Peter Kohler

    In this video, Peter provides an overview of what an Asset Management Maturity Improvement Plan (AMMIP) would typically include, and why it is important to start with the end in mind.
49. The Benefits of Change to an Organisation and the Individuals working in that Organisation

    20 mins

    Peter Kohler

    In this video, Peter articulates who primarily benefits from the Maturity Improvement Plan and what benefits will potentially occur, once the plan has been executed.
50. Conclusion

    16 mins

    Peter Kohler

    In this video, Peter concludes the Online SAMP Course with his final thoughts on the Strategic Asset Management Plan and a Program of Defensible Asset Management Activities, plus providing encouragement for course participants to access further information and assistance.