Introduction to Asset Management

About Course

An asset is anything that generates value for an organization. Understanding the core principles of Asset Management and how to implement an effective asset management strategy is critical for ensuring the sustainable use and management of assets throughout their lifecycle. This approach helps organizations manage costs efficiently while maximizing the value derived from their assets.

This course offers a comprehensive introduction to Asset Management, guiding you through its key concepts and practical applications. You will learn how to develop a robust asset management strategy tailored to your organization’s needs, and how to apply best practices for long-term success.

By the end of this course, you will be equipped to make informed, strategic decisions that enhance your organization’s asset performance, in line with international Asset Management standards. You’ll also discover how these standards can improve efficiency, mitigate risks, and deliver sustainable value across the organization.

Course Content

Introduction to Asset Management
When managing a company's assets, asset-based approaches are all about being proactive rather than reactive. Having an organization's “best interest” in mind, or "watching after" an organization, is the essence of this concept. When executed effectively, asset management has the potential to proactively "foresee" or even influence certain future occurrences. Thus, helping the company prepare to cope with the hazard with as few losses as possible. This course will give you the knowledge you need to make decisions on asset management confidently. This course introduces core concepts, terminology, and strategies for developing risk management and evaluating the importance of specific equipment.

Introduction to Asset Management

00:41
Why Understanding Asset Management is important?

02:34
What is Asset Management?

02:01
Evolution of Asset Management Systems: 19th Century to the 20th Century

01:53
Benefits of Asset Management

00:53
Core Principles and Elements of Asset Management

00:00
Examples of How Asset Management Works

00:00
Example1

00:47
Example 2

00:38
Example 3

00:31
How to Develop a Strategic Asset Management Plan

00:00
Case Study: Town of Devon, Alberta: Building an Asset Management Program

02:22
Case Study -Challenges

00:27
Case Study – Lessons Learned

00:00
Case Study – Solutions

00:00
Case Study – Conclusion

00:00
Quiz: Introduction to Assert Managment
Developing an Asset Inventory

Asset Life Cycle and Asset Management Readiness Scale
The asset life cycle or ALM comprises the series of ordered steps that assist in asset management. These steps make up the whole asset management system to maintain the asset life.

What Does an Asset Life Cycle Mean?

00:16
Managing Asset Life Cycle

00:00
Meaning of an Asset

00:26
5 Effective Stages of Asset Life Cycle Management

02:58
What is an Asset Register?

00:00
Best Practices for Maintaining Asset Registers

00:00
Asset Management Readiness Scale

00:00
Asset Life Cycle and Asset Management Readiness Scale

00:00
Advantages of AMRS

00:00
Quiz
Asset Life Cycle Mapping

Pillars and Types of Asset Management
After learning about asset management and asset life cycle, it’s time to understand the pillars, types of asset management, and the level of service. If you didn’t understand the previous modules, we highly recommend that you go through them again before starting this module. Let’s start by understanding the pillars of asset management.

Pillars and Types of Asset Management

00:18
5 Pillars of a Successful Asset Management Strategy

02:18
3 Pillars of Asset Performance Management (APM)

01:19
Levels of Service in Asset Management

01:05
ISO 55000:2014 – Asset Management

01:05
Key Fundamentals of ISO 55000

03:06
Types of Asset Management

07:46
Types of Asset Managers

00:13
Quiz
Asset Classification Challenge
Maintenance Plan Simulation

Steps and Importance of Asset Management
The last module focuses on the strategies and steps that would be profitable in order to implement successful asset management. We are going to enter into the realm of becoming a pro in asset management. So, your development of attention in these seven proven efficient steps is required.

Steps and Importance of Asset Management

00:00
How to Manage Your Assets Like a Pro: Seven Proven Steps

00:00
How to Improve Asset Management?

00:00
How Asset Management Solves Remote Work and Collaboration Challenges

01:04
Asset Management Case Study: City of Selkirk

02:25
City of Selkirk – Background

00:00
City of Selkirk – Problem

00:00
City of Selkirk – Implementation

00:00
Quiz
Asset Maintenance Plan

Student Ratings & Reviews

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About Course

Course Content

Introduction to Asset Management

Why Understanding Asset Management is important?

What is Asset Management?

Evolution of Asset Management Systems: 19th Century to the 20th Century

Benefits of Asset Management

Core Principles and Elements of Asset Management

Examples of How Asset Management Works

Example1

Example 2

Example 3

How to Develop a Strategic Asset Management Plan

Case Study: Town of Devon, Alberta: Building an Asset Management Program

Case Study -Challenges

Case Study – Lessons Learned

Case Study – Solutions

Case Study – Conclusion

Quiz: Introduction to Assert Managment

Developing an Asset Inventory

Asset Life Cycle and Asset Management Readiness Scale The asset life cycle or ALM comprises the series of ordered steps that assist in asset management. These steps make up the whole asset management system to maintain the asset life.

What Does an Asset Life Cycle Mean?

Managing Asset Life Cycle

Meaning of an Asset

5 Effective Stages of Asset Life Cycle Management

What is an Asset Register?

Best Practices for Maintaining Asset Registers

Asset Management Readiness Scale

Asset Life Cycle and Asset Management Readiness Scale

Advantages of AMRS

Quiz

Asset Life Cycle Mapping

Pillars and Types of Asset Management

5 Pillars of a Successful Asset Management Strategy

3 Pillars of Asset Performance Management (APM)

Levels of Service in Asset Management

ISO 55000:2014 – Asset Management

Key Fundamentals of ISO 55000

Types of Asset Management

Types of Asset Managers

Quiz

Asset Classification Challenge

Maintenance Plan Simulation

Steps and Importance of Asset Management

How to Manage Your Assets Like a Pro: Seven Proven Steps

How to Improve Asset Management?

How Asset Management Solves Remote Work and Collaboration Challenges

Asset Management Case Study: City of Selkirk

City of Selkirk – Background

City of Selkirk – Problem

City of Selkirk – Implementation

Quiz

Asset Maintenance Plan

Student Ratings & Reviews

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Asset Life Cycle and Asset Management Readiness Scale
The asset life cycle or ALM comprises the series of ordered steps that assist in asset management. These steps make up the whole asset management system to maintain the asset life.