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