Fundamental Topics for Asset Management
Course 1 – Fundamental Topics for Asset Management
In many communities, assets are increasingly stressed from over-use, under-funding, and aging. Public sector managers have been managing assets for decades. However, it is becoming clear that what we have been doing in the past will not be sufficient to address the growing and increasingly complex challenges that lie ahead. Practical, advanced techniques for better managing physical assets have been developed and refined over the past several decades around the world. These techniques - a blend of processes and practices - have been slowly integrated into a holistic management framework over the past two decades.
This course provides an understanding of the existing frameworks available for establishing an asset management program and creates a foundation for successive modules to follow.
In this course, you will learn
The basics of current Asset Management Program Frameworks and Standards
How to employ Asset Management as a business process improvement
The history of the development of AM practices in the US water industry
How to develop and populate the asset registry using an asset hierarchy and data standards
Assess the condition of assets and linking decay curve with Condition Assessment
How to estimate Business Risk Exposure and what mitigation strategies are available for asset management
How to formulate core Operations and Maintenance strategies including predictive, preventative and corrective maintenance
Potential funding approaches to implement Capital and Operations and Maintenance strategies
The basic components for developing an Asset Management Plan
See the Instructors tab for more details about the course instructors.
Ms. Celine Hyer - Senior Vice President, Conveyance Service Line Leader, Arcadis
Mr. Duncan Rose - Principal Consultant and Technical Director, GHD Consulting Inc. (retired)
Dr. Sunil Sinha - Professor and Director, The Charles E. Via Department of Civil and Environmental Engineering, Sustainable Water Infrastructure Management (SWIM) Center, Virginia Tech
Mr. Jeff Leighton - Senior Engineer, Asset Management, Portland Water Bureau, Oregon (retired)
Mr. Steve Allbee - Environmental Protection Agency (retired)
The Asset Management Framework including Registry, Condition Assessment, Residual Life, Value-Cost, Level of Service, Business Risk Exposure, O&M, Asset Funding, and Introduction to Asset Management Planning
Bridging the gap between Advanced and Basic asset management practices.
Understanding the history of the development of AM practices in the US water industry.
Understanding Strategic and Tactical Asset Management
Standard Course Fee - $395
SWIM Center Member Fee - $345
This course is self-paced and available on-demand through Virginia Tech's learning management system for 180 days after the date of enrollment. This enables you to complete the course at your convenience. The course will take approximately 12-15 hours to complete depending on your familiarity with the topic and experience with online learning. A final test must be successfully passed with a minimum score of 80% to be awarded CEUs/PDHs. Upon successful completion, you will be awarded a certificate for 2.4 CEUs (24 PDHs) ) for completing this individual course.
See Technical Information for learner support and technology requirements.
If you are seeking the Asset Management Certificate from Virginia Tech, you must also enroll and successfully complete Course 2 - Advanced Asset Management and Course 3 - Asset Management Plan.
For questions please see Key Contacts
Fundamental Topics for Asset Management is first course in a series of three courses that constitute Virginia Tech's Asset Management Certificate.