Development of a Strategic Asset Management Plan 101 (SAMP)

Development of a Strategic Asset Management Plan 101 (SAMP)

Development of a Strategic Asset Management Plan 101 (SAMP)

 

Course Summary:

This course presents key information on the development of a Strategic Asset Management Plan (SAMP) to support the achievement of business outcomes. This course also provides information on the development of Asset Management Objectives, identification of a supporting leadership style and workplace culture, and the implementation of asset management continual improvement.

Intended Audience:

  • Individuals who wish to gain the knowledge to become a Certified Associate in Asset Management (CAAM) or are working towards becoming a Certified Practitioner in Asset Management (CPAM) or Certified Asset Management Assessor (CAMA)
  • Individuals who wish to improve the asset management capability of their organisation
  • Upcoming Asset Managers who wish to enable the development of a Strategic Asset Management Plan

Course Objectives:

  • Gain an understanding of the role and value of asset management
  • Gain an understanding of the role and value of a SAMP
  • Gain an understanding of the scope and content of a SAMP
  • Gain an awareness of the disciplines which enable effective asset management
  • Gain an awareness of asset management continual improvement processes

Lessons

  1. What is an Organisation Structure

    In this video Peter discusses types of Organisation Structure and what that structure needs to capable of supporting.
  2. Asset Management Objectives and Revenue

    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.
  3. Asset Management Objectives - 3 Key Questions

    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.
  4. Costs over the Life Cycle

    In this video Peter discusses Costs Over the Life Cycle using a diagram developed by staff from the Asset Management Council.
  5. Hierarchy of Asset Management Objectives

    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.
  6. Asset Management Objectives

    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.
  7. Organisational Objectives

    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.
  8. Decision Making Criteria

    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.
  9. Stakeholders and Stakeholder Requirements

    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.
  10. Artefacts of the Asset Management System

    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.
  11. Module 3: SAMP and Asset Management Policy

    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.
  12. The value of an Asset Management Culture

    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.
  13. Asset Management Cultures

    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.
  14. Leadership

    In this video Peter discusses the importance of leadership styles and behaviours and raises the question of what would be appropriate for your organisation.
  15. Program of Defensible Activities: Scheduling and Execution plus Continual Improvement

    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.
  16. Program of Defensible Activities: Planning

    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.
  17. Defensible Asset Management Activities: Strategic

    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. Asset Management Processes

    In this video, Peter talks through the Asset Management process by dividing it up into four different key elements.
  19. Key Disciplines of Asset Management

    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.
  20. Putting it all together

    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.
  21. Capability Delivery Model

    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.
  22. Asset Management Systems Model

    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.
  23. Conclusion of Asset Management Concept Model

    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."
  24. Asset Management Concept Model

    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.
  25. The Asset Management Models

    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.
  26. The Worth of Asset Management

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

    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.
  28. What is Asset Management?

    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.
  29. What are Assets?

    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.
  30. Module 2 Content

    In this video Peter introduces five fundamental questions that will be addressed in Module 2 of the Strategic Asset Management Plan course.
  31. Introduction to Asset Management

    This video provides a brief introduction to Asset Management and Strategic Asset Management Planning.
  32. Defensible Budgets

    This video summarises what elements combined to create a Defensible Budget.
  33. References

    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.
  34. AM Organisational Structure - Functionally Based

    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

    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

    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

    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

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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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.

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