Maintenance management

Asset management (V)

Understand how to manage physical assets of a business.

12 hours

Next available:

Members: £995 + VAT
Non-members: £1,215 + VAT

Course Location & Date
Asset management (V)
£995.00 Plus vat
Non Members:
£1,215.00 Plus vat


Understand how to manage physical assets of a business.

The aim of this course is to provide a thorough understanding of all aspects of the management of physical assets to those managers and directors who have responsibility for the delivery of company objectives associated with the effective acquisition, deployment, operation and maintenance of company assets.

This course explores the definition of assets and asset management, identifies the necessary structures and processes that are required to support and manage assets throughout their life cycle and introduces the many tools and techniques required to optimise the application and operation of physical assets to deliver the very best return on capital employed to the business.

Delivery format

This course will be delivered in 3 virtual classrooms (VCs) of 4 hours each.
We also include an optional post course clinic.

VC 1: Asset management fundamentals
- Introduction and background to asset management
- What is asset management
- The business benefits of asset management
- Asset acquisition best practice

VC 2: Asset management best practice

- Asset operation best practice
- Asset maintenance best practice

VC 3: Implementing asset management
- Asset disposal or refurbishment
- Asset management requirements
- Implementation issues
- Course summary and assessment of learning

Who should attend?

Engineering, operations, asset managers and maintenance managers and directors working within manufacturing, industrial, utilities and commercial sectors, particularly asset intensive organisations.

How will I benefit?

After the course you will be able to:

  • Understand the extent and meaning of assets and asset management
  • Develop a policy, strategy and plan for asset management within your organisation
  • Identify the asset life cycle and the structures needed to support assets at each stage within their life cycle
  • Recognise and address the organisational and cultural issues associated with the introduction, implementation and sustainment of asset management processes
  • Lead and inspire your staff to embrace and apply best practice asset management within your organisation
  • Prepare you organisation for the requirements of ISO 55001 and future accreditation against the standard
Contributes 12 CPD hours

Key topics

  • Understanding asset management, defining and managing assets throughout their life cycle
  • Asset acquisition best practice including the use of life cycle costing (LCC) and early equipment management (EEM) techniques
  • Asset operation best practice including operator development and training, standard operating procedures, continuous improvement, data collection and metrics, performance management and operator asset care.
  • Asset maintenance best practice including organisational requirements, maintenance plan development, work management process, spares and materials management and production engagement
  • Asset appraisal and disposal issues including asset condition appraisal, repair, refurbish, replace decisions and disposal requirements
  • The ISO 55001 standard, its requirements and the route to accreditation
  • Developing an asset management strategic plan and the implementation issues including culture change and organisational alignment.

Mapped against UK- SPEC competencies: B, C, D and E

  1. Design and development of processes, systems, services and products - For Chartered Engineers: ‘Apply appropriate theoretical and practical methods to the analysis and solution of mechanical engineering problems’ For Incorporated Engineers ‘Apply appropriate theoretical and practical methods to design, develop, manufacture, construct commission, operate, maintain, decommission and re-cycle mechanical engineering processes, systems, services and products’
  2. Responsibility, management or leadership - For Incorporated and Chartered Engineers: 'Provide Technical and commercial leadership’
  3. Communication and inter-personal skills - For Incorporated and Chartered Engineers: 'Demonstrate effective interpersonal skills’
  4. Professional commitment - For Incorporated and Chartered Engineers: ‘Demonstrate a personal commitment to professional standards, recognising obligations to society, the profession and the environment’

Meet our trainers

These trainers regularly teach Asset management (V).

  • Matthew Laskaj

    Matthew Laskaj

    Matthew is the Chair for the Institution of Mechanical Engineers Scottish Region and director of a successful engineering and training consultancy. With more than 25 years experience in a variety of countries worldwide, he has worked in a range of industries including manufacturing, food and beverage, refining, offshore oil and gas and renewable energy.

In-house and bespoke training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.


At a glance

  • Duration:
    12 hours
  • Location:
  • CPD Hours:
  • UK-Spec:
    B, C, D, E

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A range of options to help you maximise your training budget.

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Available dates for Asset management (V)

12 hour course

15 Nov 2021 07:30 - 19:30 Three 4-hour VCs: 15, 16 & 17 November 2021 08:30 -10:30 GMT (timings include breaks)
07 Mar 2022 08:00 - 20:00 This course has 3 virtual sessions of 4 hours each: 7, 8 & 9 March 2022 at 09:00 - 14:00 GMT (includes breaks)
10% discount available until 7 January

Require a different date or location? Or want to train a group in house?

We can customise any of our courses and deliver them in-house, for your entire team. It could also save you money, especially as you would save travel time.

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Members: £995 + VAT

Non-members: £1,215 +VAT

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Related courses

  • 2 day course

    Early equipment management

    Ensure that capital assets are specified, designed, procured, installed and operated to give the best return on investment to the business.

  • 2 day course

    World class maintenance

    A review of all the structures and processes required to establish and sustain a truly world class maintenance system.

Train your team

Tell us your team’s development needs and we’ll come to you with a specialised training programme, customised for your organisation.

What options are available?

  • Off the shelf – we can deliver any of our training courses at your chosen location, providing you with a cost-effective and efficient solution
  • Tailored courses– our personalised programmes can help you work through issues specific to your team or sector and equip you with the practical tools you need to move forward
  • Blended programmes – we use a range of delivery methods, development subjects and performance resources to ensure your team have the knowledge and skills they need to help your business thrive

More about in-house and tailored training.

Offers and bundles

We have a range of options to help you maximise your training budgets.

More about our offers and bundles

Some of the companies we've worked with

  • Alten
  • AMH Material Handling
  • Avara Foods
  • bmt
  • Bombardier
  • Bombardier
  • Gas Networks Ireland
  • International Nuclear Services
  • JCB
  • Martin Baker
  • National Composited Centre
  • Network Rail
  • Smurfit Kappa
  • sse

Our training acumen

  • Over 25 years experience of delivering training
  • Designed by engineers for engineers
  • Seven locations across the UK
  • Tailored courses for your team, anywhere in the world
  • You come to us or we come to you
  • Online tools to improve the experience

Average customer rating:

4.75 out of 5

Get in touch

Get in touch if you need help finding the right course, or qualification, for you or your team.

Terms & conditions of booking IMechE training