Created by potrace 1.16, written by Peter Selinger 2001-2019

Introduction to Asset Management

Duration: 1 day

Delivery: In-person / Online (self-paced*)

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Course details

This course develops learners' basic knowledge of asset management principles, activities and benefits, providing newcomers to the topic with the confidence and proficiency to support their business' operational, economic and strategic goals, or to begin their own asset management career.

Duration: 1 day

Delivery: In-person / Online (self-paced*)

Andrew McArthur

WRc's Director of Management Consulting has 15 years' experience delivering large and complex projects in business change and transformation for a range of clients across the water, transport, energy and public sectors. Andrew also has multiple years’ experience in training delivery and workshop facilitation in the UK and abroad – either as part of business change projects or as stand-alone training in the foundations of asset management.

Please note this course is developed and delivered by members of the wider WRc team in order to offer a well-rounded and maximised learning experience.

Course overview

Asset management plays a crucial role in business operations, supporting planning, procurement, administration, and maintenance. This course introduces the core principles and terminology of asset management, highlighting the benefits of an effective system.

Participants will learn about the role of international standards, such as ISO 55001, the components of an asset management system, and the key factors for successful implementation. The course also demonstrates how asset management impacts everyone within an organisation, helping learners contribute to its overall success.

Who can benefit?

This training is tailored for individuals from any area of business or service who are new to asset management or those needing a basic understanding to support their organisation's activities. It is ideal for those starting an asset management career or requiring only foundational knowledge.

For those looking for a more comprehensive introduction, for example to support an Asset Management qualification, please view our course: Mastering Asset Management Fundamentals.

Training outline

The live delivery option* for this course is interactive, with a mix of lecture, group discussion, and practical exercises and case study examples to facilitate an engaging learner experience. A multiple-choice assessment demonstrates effective knowledge transfer. Topics covered include:

  • Basic asset management concepts, principles and terminology, such as value optimization, risk management, and sustainability.
  • The breadth of asset management activities, such as planning, procurement, maintenance, and performance monitoring.
  • Common characteristics of good asset management, such as clear objectives, data-driven decision-making, continuous improvement, and alignment with organisational goals.
  • Some commonly used asset management techniques, such as condition-based monitoring, reliability-centered maintenance, predictive analytics, and total cost of ownership analysis.
  • The types of benefits organisations can realise from effective asset management, such as reduced downtime, extended asset lifespans, cost savings, improved safety, and better alignment with strategic objectives.
  • Potential next steps for individuals who wish to continue with their asset management journey, such as certifications, industry groups, or hands-on experience.

*We can also provide this training as digital self-paced learning via our online LMS platform for individuals or business looking to upskill a team of employees. If you are interested in this mode of delivery then please register your interest via the enquiry form at the bottom of this page.

Download the course flyer

Click the button below to receive the downloadable 1-page PDF flyer for this course via email.

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Created by potrace 1.16, written by Peter Selinger 2001-2019

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