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Asset Strategies & Plans Development

March 25 @ 9:00 am


Asset Strategies & Plans Development

Criticality Analysis |Tactic Selection|Asset Value Realisation

Course Horizon

Asset Strategies and Plans Development course entails the process of employing a risk-based approach in selecting appropriate tools for building asset management plans (AMPs) in order to realise maximum asset value.

Why you should attend?

  • Criticality modelling on building AMPs ensures effective allocation of time and resources in management of assets since focus is put on critical assets
  • Risk-based approach in defining asset criticality ensures mitigation of asset potential failures and risk hence loss elimination in production
  • Tactical maintenance ensures improved reliability and uptime, less breakdowns resulting in cost reduction

Learning Objectives

By the end of this course, participants should be able to:

  • Appreciate the fundamentals of Asset Management and its transformation in modern day
  • Identify the principles of developing asset management plans
  • Select appropriate maintenance tactics on assets
  • Develop a criticality model and conduct a criticality analysis on assets
  • Explain failure modes and effects analysis on assets
  • Describe the link between asset management plans and work planning and control
  • Describe the difference between condition-based, usage-based and run-to-failure tactics
  • Defend asset management plan decisions in an AMP simulation game

Course Content

  • Fundamentals of Asset Management
  • Changing World of Asset Management
  • Criticality Analysis
  • Functional Analysis
  • Failure Analysis
  • Failure Mode & Effects Analysis (FMEA)
  • Tactic Selection Course Content
  • Condition-Based Maintenance
  • AMP Detailed Development
  • AMP Implementation
  • AMP Execution
  • AMP Case Study
  • AMP Tool Overview

Who will benefit?

  • Executives and Senior Managers of Asset Intensive Businesses
  • Production and Operations Managers
  • Asset and Maintenance Managers
  • Project Managers/Engineers
  • Risk Managers
  • Maintenance and Production Engineers
  • Supervisors
  • Planners
  • Engineering Technicians

Delivery Platform

  • Public Training – available at in all cities and towns
  • Onsite Training
  • Virtual Instructor-Led Training
  • E-Learning
  • Customized Training

Training Duration

  • Delivery – 3 days

Main Elements


  • The 3-day session equips individuals with knowledge and skills to bring a high degree of competency
  • Self-assessment quizzes and interactive group discussions on each learning area foster great understanding
  • Interactive group sessions and illustrative videos will be delivered to enhance content comprehension


Participants shall tackle practical exercises on:

  • Asset Criticality modelling
  • Segregating systems into numerous levels of assets and components
  • Analysing failure modes and maintenance tactic selection
  • Tools: FMEA worksheet
  • AMP detailed development


March 25
9:00 am
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Shephered Chimvere