Overview

During this one-day, work process course, participants will learn about the necessary elements for a successful Asset Performance Management (APM) initiative and the framework for a living strategy. Course attendees will gain an understanding that a successful APM initiative should include appropriate asset characterization and measurement processes, a risk assessment method, tools for effective data analysis to identify and track opportunities for correction, and mechanisms to provide feedback on progress.

Audience

This course is designed for individuals who want to ensure their assets perform more effectively

When you complete this course, you will be able to:

• Explain the fundamental use cases of Asset Management Systems, along with the policies, processes, and procedures used by an organization to ensure it can meet its objectives.
• Understand Master Data, along with the effective and efficient classification of equipment.
• Understand events and activities involving the assets including strategy development, maintenance, repair, etc.
• Explain risk by using a standardized assessment of Risk in terms of Probability and Consequence.
• Determine the health of equipment by usingaAutomated and manual evaluation of performance.
• Appky management by exception methods by analyzing data and getting the software to work for you.
• Create recommendations for maintenance or correction and feedback loops to monitor progress.

Duration

• 4 hours

Delivery Format

• Instructor-led Classroom
• Virtual Classroom
• Onsite

Modules and Topics