Resources
THE PROGRAM
What the course offers
Designed to provide participants with the skills and knowledge to deliver successful and cost effective asset management in their work environments, the Vocational Graduate Certifi cate in Physical Asset Management draws on over 30 years experience applying asset management in hundreds of organisations throughout the world. The course is fully accredited under the Australian Quality Training Framework (AQTF), meaning successful participants will receive a nationally recognised qualifi cation refl ecting their professional skills as Asset Managers. Course development has been overseen by a steering committee of industry based asset managers, industry associations and professional trainers—and maps to the contents of the International Infrastructure Management Manual and the UK PAS55 Asset Management Specifi cation—so participants can be assured that the course is relevant to their needs.
Course background
The course is based on proven training programs run for over four years for the United States EPA, and within the online AMPLE eLearning environment used by the US Water Environment Research Foundation (WERF) and AWWA Research Foundation. In order to provide participants with the widest possible understanding of the application of asset management, the course draws on appropriate methodologies and knowledge that has been applied in organisations as diverse as:
- the Far North District Council (municipal) in New Zealand.
- Alinta (gas and electricity), City West Water (water and sewage services), the Victorian
- Arts Centre (building services), Launceston General Hospital (health) and state and
- territory governments (treasury and whole of government services) in Australia.
- Orange County (sewage services) west coast of the USA
- the London Underground (rail, underground public transport) in the United Kingdom.
GHD Asset Management training is provided through the GHD Business School, a Registered Training Organisation operating under the Australian Quality Training Framework (AQTF). The GHD Business School and all accredited courses are subject to independent AQTF quality audits that form part of the national system of vocational education and training developed through the Australian Government Department of Education, Science and Training (DEST).
Who should attend?
The Vocational Graduate Certifi cate in Physical Asset Management course is targeted at participants with several years' experience since graduation and who are involved in life cycle asset management, or who are experienced asset managers and who want recognition of the knowledge and skills they have developed. The course also provides an opportunity for all engineers, accountants, economists and commercial managers to gain the appreciation of asset management necessary for their roles. Those without graduate qualifications, but with sufficient relevant work experience, may also apply to attend the course.
Course syllabus
Asset Management overview
Definition of physical assets, the definition, history and need for asset management, including overviews of: the deliverables; core steps, techniques, processes and practices; business integration; the concept of confidence levels in asset management decision making and outputs.
What is the state of my assets?
The need for asset information, guiding principles and smart data collection, structuring knowledge and data, the asset register, asset hierarchy structures, data standards and inventory, data integrity and verification, asset condition, condition assessment protocols, remaining and effective/useful physical life, life cycle cost, full economic cost, finite verses indefinite life assets, asset value and depreciation, economic life.
What is my required level of service?
Customer and other stakeholder demand for services, levels of service, regulatory requirements, the strategic planning framework, alignment of operations and maintenance and capital tactics with organisational strategies, balanced scorecards, sustainable service delivery, performance based asset management, performance metrics, failure modes, predicting future trends, level of service planning, performance and utilisation.
Which assets are critical to sustainable business performance?
Risk management, reliability failure, establishing the primary failure mode, failure analysis, cause and effect, root cause, FMECA, probability of failure, role of asset age and condition, establishing the consequence of failure, asset criticality, redundancy, business risk exposure.
What are my minimum LCC*, CIP* and O&M* strategies?
The Asset decision framework, optimised renewal, managing asset consumption, alternative treatment options, decision tree approach, life cycle cost analysis, integrated intervention and full life cycle cost optimisation, maintenance, CMMS, work orders, KPI’s, linking maintenance strategies to failure process, reliability centred maintenance, reliability driven asset management, determining maintenance tactics, predictive maintenance, condition based maintenance, renewal strategy, elements of a capital improvement program (CIP), CIP validation, asset management based CIP decision model, confidence level rating of CIP processes, business risk exposure. * LCC — Life Cycle Costing, CIP — Capital Improvement Plan, O&M — Operations and Maintenance
What is my long-term asset expenditure profile?
Factors in development of long-term funding strategies: operations and maintenance, renewals accounting, annuities, discount rates, life cycle costing with renewal annuities, residual risk exposure. Integration with the Total Asset Management Plan: choosing an appropriate level of sophistication, cost effectiveness, key result areas, relationship to asset knowledge, standards and levels of service, demand, customer review/consultation, business sustainability, business goal linkages.
How do I draw it all together? The Asset Management Plan.
Total Asset Management Plans: philosophy and objectives, linkages to Corporate Business Plans, key elements, production strategy, format and content, implementation and production efficiencies, reviewing, how to write and communication strategies.
Quality Frameworks and developing an Asset Management Improvement Plan
What is a quality framework? Asset management quality frameworks. Concept and application of gap analysis: establishing appropriate practice benchmarks, linking to business priorities, business confidence levels, life cycle processes and practices, data and knowledge, organisational issues, people issues, commercial tactics.
How do I successfully deploy an Asset Management program?
Developing an improvement program, implementation planning, organisational context analysis, engagement of people, commercial tactics, incorporating, creating or acquiring assets, operations management, works and resource management. Cultural change and Asset Management implementation.
Managing Data and Knowledge
Enterprise Asset Management System (EAMS) components, needs analysis, data standards, data flows, roles and responsibilities, system design and integration, tool integration, implementation.
Delivery modes
Due to high demand, the course will be delivered in an intensive short course format – over 3 sessions, each running over 2 days. Designed to work in parallel with the evolution of asset management in the participant’s organisation, the course can be tailored to any industry type or asset base, current level of asset management practice or other organisation and context specific requirements.
The competency assessments can be integrated into work requirements, a feature which allows participants to submit actual practical work outputs for assessment. A course fully integrated with work requirements in this fashion means that participants are able to instantly apply their knowledge and skills into their workplace.
Alternate training delivery options include customised case studies, eLearning, on-site delivery, a blend of these options, as well as additional mentoring.