Over the last few years, the challenges of managing physical assets have grown. This is particularly so in the Caribbean Region, faced with aging infrastructure, hyper-competitive markets, climate change, and
ever-tightening constraints on funding.
Today’s Asset Managers must integrate asset, business, risk and quality management principles to to strategically manage their organization’s assets. The modern Asset Manager is focused on integrated business processes that seamlessly harmonizes asset information across organizational silos to make appropriate asset decisions.
The ISO 55000 family of standards provides guidelines for organizations to develop sustainable asset management approaches and be able to respond appropriately to their operating contexts.
The course focuses on global best-in-class practices to holistically manage assets and optimize levels of service over their life cycles. The course content aligns with the ISO 55000 family of standards and the Global Forum on Maintenance and Asset Management (GFMAM’s) Asset Management Landscape. The course is designed to be multi-disciplinary, in order to foster effective cross-functional team approach in the workplace.
TARGET AUDIENCE & INDUSTRIES
This course is aimed at those charged with managing physical assets in the public and private sectors including
but not limited to:
CEOs, COOs, CFOs, General Managers, Asset Managers, Maintenance Managers, Supply Chain Managers, Plant
Managers, CIOs, Operations Managers, Capital Program Managers, City Planners.
This course is suitable for participants in Asset Intensive Organizations including but not limited to:
Oil & Gas, Mining, Large-scale facilities such as Hospitals, Universities, Utilities such as Water and Wastewater, Public Works, Electricity Generation and Transmission, Cement Manufacturing, Food and Beverage etc.
1. Understand the role of global standards in shaping Asset Management practices
2. Lead and contribute to development & deployment of AM policy, strategy and plans
3. Balance Asset performance, costs and risks to make effective asset decisions
4. Understand the role of lifecycle activities in assuring levels of service
5. Understand the interoperability of asset information and its role in asset decision-making
6. Understand the crucial role of leadership and culture as determinants of value
7. Understand the importance of integrating financial and non-financial evaluation techniques in making asset management decisions
8. Translate technical issues into asset risks with business impact
9. Identify the processes to measure and evaluate the effectiveness of asset management systems
10. Develop a holistic, risk-based, business-centric appreciation of asset management and the systems needed to derive value from assets
1. Introduction to Asset Management Principles
2. Asset Management Policy, Strategy & Plan;
3. Asset Information Management;
4. Asset Management Decision-making;
5. Lifecycle Delivery Activities;
6. Organization Capability Building;
7. Risk & Compliance.
All participants will receive, “Risk-based Asset Criticality Assessment (R-b ACA©) Handbook”.
Registration Deadline: 31st April, 2019.
Cost: USD 2,500 per person (Discounts available for groups of 3 or more).
Asset Criticality is one of the most fundamental asset management processes. Despite this being well accepted in asset management circles, the decision-making benefits of asset criticality often leaves room for improvement. The purpose of Asset Criticality is to facilitate asset decision-making by identifying the assets that present the highest levels of exposure to the organization and prioritizing their treatment.
Asset Criticality has traditionally been thought of as a maintenance practice that measures the impact of asset failures on the organization. As Asset Managers are now realizing, consequence of failure only gives a two-dimensional view of the assets and does not paint a complete picture of organizational exposure.
This course will outline a Risk-based Asset Criticality Assessment (R-b ACA©) approach in which probability of failure, an asset-centric approach, is combined with consequences of failure to provide a three-dimensional view of the asset risks to the stakeholders. Asset risks are important because when risk events materialize, they can quickly erode profitability and other forms of value.
Based on the principles of the Risk-based Asset Criticality Assessment (R-b ACA©) Handbook, the course will provide guidelines on aligning consequences of failure to business drivers, and probabilities of failure to asset drivers. By taking this course, participants will come to see asset criticality, not as a mere maintenance tool, but as a powerful organizational decision-making tool that is to be integrated with other organizational processes.
1. Asset criticality background
2. R-b ACA© concepts
3. Applying asset management principles to R-b ACA©
4. Applying risk management principles to R-b ACA©
5. R-b ACA© risk management processes:
a. Developing business drivers and converting them into consequences of failure
b. Developing asset drivers and converting them into probabilities of failure
c. Identifying asset risk assessment and evaluation from R-b ACA© processes
d. Establishing asset risk appetite and tolerance from R-b ACA© processes
e. Developing risk treatment options
6. Practical tips to guide the implementation of R-b ACA© in the workplace:
a. Change management
b. R-b ACA© workshop and team formation
c. Supporting information
d. Continuous monitoring and review
e. R-b ACA© Flowchart
f. Mapping asset risk number to CMMS criticality codes
At the end of this course, participants will be able to:
1. Understand the role of risk-based decision-making tools in asset management
2. Understand the role of asset, risk, business and quality management principles in asset criticality methodology
3. Understand the key role of asset criticality as an organizational decision-making tool
4. Define their organizational context and identify their organization’s business drivers and convert them into consequences of failure
5. Define the asset drivers of their organization and convert them into probabilities of failure
6. Develop a risk-based asset criticality assessment methodology for their organization
7. Use R-b ACA© tools to calculate asset risk numbers
8. Determine their organization’s asset risk appetite and tolerance
9. Develop risk treatment options for resulting risks
10. Identify and treat outliers
TARGET GROUPS & INDUSTRIES
This course is aimed at those charged with managing physical assets in the public and private sectors including but not limited to:
Asset Managers, Maintenance Managers, Operations Managers, Plant Managers, Planners, Maintenance & Reliability Engineers, Maintenance & Operations Supervisors.
This course is suitable for participants in asset intensive organizations including but not limited to:
Oil & Gas, mining, Large-scale facilities such as Hospitals, Sea Port Authority, Airport Authority, Universities, Utilities such as Water and Wastewater, Public Works, Electricity Generation and Transmission, Cement Manufacturing, Food and Beverage.
Registration Deadline: 31st April, 2019
Basic Failure Analysis (BFA) training is intended to provide facility personnel the
requisite skills and knowledge to eliminate the problems and chronic failures that
they are experiencing everyday on the job.
BFA is the “no frills”, get down to business, problem solving tool for those closest to
the real work.
While Root Cause Analysis (RCA) is an in-depth approach to solving higher visibility
failures BFA is about the failures-of-the-day that do not injure people, cause
regulatory concern or cost a fortune.
BFA is designed specifically by field personnel, for the field. BFA can be thought of
as a RCA Lite or 5-Whys Turbo. It is meant to adapt to these on-the-fly conditions
and not to get stalled in paralysis-by-analysis!
For more information and registration, you can visit:
This course provides an in-depth understanding of RCI’s RCA Methodology. The course is designed to provide a detailed comprehension of how to perform RCA to achieve the maximum bottom-line results. The attendees will learn how to physically perform an RCA on any type of failure. They will be taught how to develop recommendations for the resolution of identified causes, write a report detailing the RCA results, present their findings to management and track the progress of the recommendations implemented for failure resolution.
- Learn how to perform RCA to achieve bottom line results and on any type of failure
- Develop recommendations for resolution of identified causes
- Write reports detailing RCA results
- Present findings to Management
- Track progress of implemented failure resolution recommendations
The Objectives of this training are as follows:
- Identification of restraining paradigms and how they can prohibit finding the solution(s) to problems
- Link problems and opportunities to chronic and sporadic events
- Write concise failure definitions that provide a single focus point for an analysis
- Develop a global contact flow diagram for determining failure modes
- Identification of techniques used in the preservation of event data using the 5 P’s (Parts, Position, People, Paper and Paradigms)
- Form an analysis team by selecting members based on synergy and whole brain thinking
- Develop a team charter and critical success factors for the analyzed event
- Develop the top box of the logic tree by describing the event and modes
- Analyze the undesirable event down to its root levels utilizing the logic tree and hypothesis verification technique
- Determine the physical, human and latent roots of the undesirable event
- Obtain recommendation acceptance criteria from management
- Develop team recommendations based on analysis results and findings
- Communicate findings of the analysis and recommendations for resolution to identified causes (roots) in a meeting with management
- Write a complete analysis report including a description of the event, how the analysis was conducted, what was learned from the analysis and correction of identified problems
- Identification of the techniques to review the progress of recommendations selected for implementation
- Advocate a paradigm that promotes proactive continuous improvement, using RCA as a tool
For more details Check out the brochure.
The presentation will open with a discussion about the core steps of the PROACT Investigation Management System. The workshop leader will then delve into the criteria defining a ‘thorough and credible’ RCA.
A contrast will be made between the pros and cons of the most common RCA graphical expressions (5-Whys, Fishbone Diagrams, Logic Trees).
Attendees will participate in the analysis of a basic case study, which will then be applied to the most common RCA expressions.
This will allow attendees to understand why some analytical tools are more comprehensive than others, and when each should be applied.
This session will provide the attendee a quality control checklist to use, to evaluate RCA presentations that are given to them.
The workshop will conclude with how to make an ROI business case for an RCA, so these expectations can be set for those analysts in the field.
For more info check out the flyer below and contact us!
This training is a natural follow‐up to behavior‐based safety implementation and focuses on providing a rigorous
understanding of human error, including causes and deficiencies resulting in human error, proven proactive error
reduction techniques, and methods to improve human performance.
This process can best be introduced using first line supervision and Environmental, Health and Safety professionals as the drivers to uncover and manage potential human error traps. When the concepts of this class are fully utilized safety incidents and accidents will significantly decline, resulting in substantial progress in your journey to safety perfection.
1. Provide attendees with the requisite skills and knowledge necessary to effectively reduce human error in the workplace in a proactive manner.
2. Understand the conditions that increase the risk of human error in the workplace.
3. Understand how to implement proactive strategies to reduce the risk of human error.
4. Understand human error principles and truths
5. Understand ways to improve human performance
6. Understand how to proactively minimize human error through prevention.
Workshop Topics & Techniques
- 28 Types of Human Errors
- 10 Human Error Traps in the Workplace
- Crew Turnover
- 10 Supervisory Skills to Reduce Human Errors
- Skill Based Error Reduction Techniques
- Rule Based Error Reduction Techniques
- Knowledge Based Error Reduction
Find out more info in the Course outline link!
The class concentrates on the practical teaching of RCM-R® as an optimized process for the formulation of
asset and process failure consequence management policies, which consists of five pillars:
- Data Integrity
- RCM according to SAE JA1011
- Analysis RAM
- Weibull Analysis
- Continuous Improvement.
The combination of the RCM method with the other tools that incorporates the RCM-R® facilitates its
application and improves its results.
RCM-R® Basic is the first in a series of courses covering this extensive topic. The class serves as a basis for
those professionals who aspire to become certified analysts, facilitators and instructors in the application of
reliability-centric maintenance according to RCM-R®.
The course uses as a support material the recent publication Reliability Centered Maintenance Reengineered:
Practical Optimization of the RCM Process with RCM-R® by authors Jesús R. Sifonte and James V. Reyes-
Reliability Engineering Applied to Maintenance Management (REAM)
You will learn how to determine asset’s predominant failure patterns as revealed by failure events’ statistical
analyses. You will also be able to make optimum decisions by choosing the most convenient failure consequence management policy to better reduce risks affecting your organization’s goals.
The hands-on class allows you to apply various types of reliability analyses to real world failure data to identify
proper proactive tasks and their corresponding execution frequencies aimed at making your maintenance
program both operationally and economically successful.