Essentials of Asset Management

May 21, 2019 @ 8:00 am – May 23, 2019 @ 4:00 pm
House of Angostura, Trinidad & Tobago
Essentials of Asset Management @ House of Angostura, Trinidad & Tobago


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.



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).


View Brochure.