Development of an Asset Management Plan 101 (AMP)

Development of an Asset Management Plan 101 (AMP)

Development of an Asset Management Plan 101 (AMP)

 

Course Summary:

This course presents key information on the development of an Asset Management Plan (AMP), in the context of an approved Strategic Asset Management Plan (SAMP). The course also provides information on both the content and scope of an AMP and the development of a defensible program of asset management activities to support the achievement of business outcomes.

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 an Asset Management Plan (AMP)

Course Objectives:

  • Gain an understanding of the role and value of asset management
  • Gain an understanding of the role and value of an AMP
  • Gain an understanding of the scope and content of an AMP
  • Gain an awareness of the technical areas which support the achievement of Asset Management Objectives
  • Gain an awareness of how to develop a program of asset management activities
  • Gain an awareness of how to develop a Defensible Maintenance Budget
  • Gain an awareness of asset management continual improvement processes

Lessons

  1. Conclusion

    This video summarises how to provide value through an Asset Management Plan.
  2. FRACAS

    This video discusses Continual Improvement through the use of a Failure, Reporting, Analysis and Corrective Action System (FRACAS).
  3. Data Management

    Here we talk briefly on Data Management and metric selection.
  4. Asset Management Data - Typical

    In this video, we discuss typical Asset Management Data; Physical Data, Asset Life, Functional Data, Risk Data and Derived Data. We go in depth explaining each one and their importance.
  5. Asset Management Data

    In this video, we discuss the different kinds of data required to effectively manage your assets.
  6. Asset Assurance Requirements

    This video presents the Asset Assurance Requirements and discusses how to ensure you are meeting your assurance requirements.
  7. CAPEX to reduce OPEX

    Here in this video, we talk about using Economic Decision Making and CAPEX to reduce OPEX.
  8. CAPEX

    In this video, we discuss the Capital Expenditure Requirements (CAPEX) elements of the Asset Management Plan and present methods to calculate asset value.
  9. OPEX Maintenance Plan

    In this video, we continue to discuss Operating Expenditure Requirements and break it down into three key parts.
  10. Continual Improvement

    Here we discuss continuous improvement activities and how they enable your organisation deliver the business objectives.
  11. Human Error

    In this video, we discuss the often overlooked factor, Human Error. We present a method of including Human Error Rates when determining maintenance intervals.
  12. Maintenance in Asset Management

    Here we explain Maintenance in Asset Management. We do this by discussing Maintenance Requirements Determination, Tactics and Activities, and Maintenance Cost.
  13. Balance of Cost, Risk and Performance

    Here we discuss how to calculate the performance of your assets and assess the risk in order to achieve the desired balance of Cost, Risk and Performance.
  14. Maintenance Requirements Analysis

    In this video, we discuss the techniques used for Maintenance Requirements Analysis.
  15. Operating Expenditure Requirements

    In this video, we go in depth on the Operating Expenditure Requirements in achieving a Defensible Budget.
  16. What is the role of an AMP?

    In this video, we discuss the role of an Asset Management Plan and detail the required contents. We do this by breaking the contents into three crucial parts and explaining the key elements.
  17. Influences on the content of an AMP

    Here we explain some of the factors that might influence the content of your Asset Management plan.
  18. Asset Management Plan Activities

    In this video, Rachel discusses the activities used for Asset Management planning. The three main activities required to develop an Asset Management Plan are introduced.
  19. Asset Management Processes

    In this video, Peter explains the Asset Management Process Model and how the three Asset Management Models integrate.
  20. Asset Management Systems Model

    In this video, Peter discusses the Asset Management Systems Model and explains how it can work for your organisation.
  21. The Asset Management Models

    Here, Peter presents the different Asset Management Models and explains in detail the Asset Management Concept Model.
  22. Role and Worth of Asset Management

    In this video, Peter goes in depth on the Role and Worth of Asset Management by giving seven examples of the role and worth in your organisation.
  23. What is Asset Management?

    In this video, Peter discusses the definition of Asset Management.
  24. What are Assets?

    In this video, Peter answers the simple question of 'What are Assets?'. He does this by using the ISO 55000 definition.
  25. Defensible AMP Budget

    In this video Peter summarises the important attributes of Defensible Budgets.
  26. Module 2 Introduction: The Fundamentals of Asset Management

    In this video, Peter introduces the fundamentals of Asset Management and discusses the importance of common language.
  27. Core Themes

    In this video Peter summarises five Core Themes that come together to deliver what the business wants from the ISO 55001 Standard.
  28. References

  29. Defensible Program of Asset Management Activities - Components of an AMP

    In this video Peter outlines some of the Asset Management Activities that contribute to the Asset Management Plan, including identifying Technology Issues, Obsolescence Issues, Asset Investment Requirements, Data and Information Needs and Integrated Logistics Support Requirements.
  30. Defensible Program Of Asset Management Activities - Develop a Defensible Maintenance Program

    In this video Peter discusses the development of Maintenance Plans and the need for that work to be integrated with Operations Plans and Sparing Plans. All of these activities form part of the program of Defensible Asset Management Activities.
  31. Defensible Asset Management Activities

    This video provides a listing of the Defensible Asset Management Activities and why you should consider using them.

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