Overview
This course provides focused training in lifecycle value, risk and performance management of physical assets. It addresses practical requirements encountered in petroleum infrastructure including plants, pipelines and storage facilities. Participants explore the technical principles behind reliable decision-making and day-to-day execution. The learning experience uses relevant field examples, guided exercises and technical discussions. The program is intended for engineers, technical specialists, supervisors and related operational personnel. Content depth, case studies and delivery methods can be adapted to the client’s equipment, priorities and participant experience.
Objectives
By the end of the program, participants will be able to:
- Explain lifecycle asset management and value creation.
- Define critical assets and performance requirements.
- Identify failure risks and lifecycle cost drivers.
- Relate maintenance and renewal decisions to business goals.
- Develop asset data and performance monitoring approaches.
- Prepare an actionable asset improvement roadmap.
Course outline
Asset management framework
- Lifecycle stages
- ISO 55000 concepts
- Asset objectives
- Governance
Asset information
- Asset registers
- Hierarchy
- Condition data
- Data quality
Risk and criticality
- Critical assets
- Failure consequences
- Risk ranking
- Remaining life
Lifecycle planning
- Maintenance strategies
- Capital renewal
- Obsolescence
- Total cost of ownership
Performance improvement
- KPIs
- Asset management plans
- Decision reviews
- Roadmaps
Customised for your team
After you accept the proposal, an online customisation session adapts content, examples and exercises to your participants, standards and equipment.