Course Overview
Domain
Engineering
Format
Short Course
Duration
2 days
Fee Subsidy
Up to 90% SF Funding
Enterprise asset lifecycle management is a critical aspect in optimising your Return of Assets. Companies are facing the challenges of meeting the needs of various stakeholders across multiple departments and functions geographically while keeping their costs in check.
Apart from learning the fundamentals of the asset lifecycle and O&M, you will also be taught on the processes to optimise your Return on Assets. The 2-day course will focus on both theories and practical aspects of lifecycle management. It is suitable for professionals assuming both managerial and operational roles. During the course, you will gain hands-on learning opportunities to practise major topics covered in the course as a way to reinforce your understanding.
Who Should Attend
- Accountants and auditors
- Asset managers
- Facility managers
- Maintenance managers
- Department managers
- IT managers
- Business unit managers
- Drafters
- Executives
- Business process owners
- Academics
What You Will Learn
Introduction
- To share with learners the business challenges and the importance of technology as an enabler to help address these challenges to reap the benefits
Basics
- To explain and illustrate some relevant terminologies, methodologies, standards, frameworks and technologies to give learners the fundamentals knowledge to appreciate better the topics in the subsequent sessions
Asset inventory
- To highlight the importance of asset inventory and types of assets
Asset optimisation
- To learn the process of using metrics for evaluating asset financial performance, asset mission support, and risk assessment
Depreciation
- To learn what is depreciation and why it is important to asset management
O&M
- To learn the different aspects of corrective maintenance (CM) & preventive maintenance (PM) and why it is critical to balance CM with PM to realize a productive environment and achievement of their strategic goals
PM optimisation
- To learn how to optimise your maintenance works to help reduce maintenance costs and increase equipment availability
Service level agreement
- To develop service level agreements to ensure compliance and also to maintain your work’s quality and consistency to align with your operational goals
Practical
- To have hands-on experience on topics covered in the course to reinforce learning
Case study
- To walk through with learners a case study in asset management with the aim of providing useful insights for the learners
Teaching Team
Sew June Sung
Consultant & Trainer, Training-Asia LLP
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Steve Kardinal Jusuf
Associate Professor, Engineering, Singapore Institute of Technology
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Schedule
Day 1
| Time | Topic |
|---|---|
| 8:30 am | Welcome and registration |
| 9:00 am | Introduction |
| 10:00 am | Basics (1) |
| 10:30 am | Tea break |
| 11:00 am | Basics (2) |
| 11:30 am | Asset inventory |
| 12:30 pm | Lunch |
| 1:30 pm | Asset optimisation |
| 2:30 pm | Depreciation |
| 3:00 pm | Tea break |
| 3:30 pm | Practical (1) |
| 4:30 pm | Practical (2) |
| 5:00 pm | Review |
| 6:00 pm | End of day |
Day 2
| Time | Topic |
|---|---|
| 9:00 am | O&M (1) |
| 10:00 am | O&M (2) |
| 10:30 am | Tea Break |
| 11:00 am | PM optimisation |
| 11:30 am | Service level agreement |
| 12:30 pm | Lunch |
| 1:30 pm | Practical (1) |
| 2:30 pm | Practical (2) |
| 3:00 pm | Tea Break |
| 3:30 pm | Case Study (1) |
| 4:30 pm | Case Study (2) |
| 5:00 pm | Assessment |
| 6:00 pm | End of Day |
Certificate and Assessment
A Certificate of Participation will be issued to participants who:
- Attend 75% of the workshop; and
- Undertake and pass non-credit bearing assessment (during course)
Fee Structure
The full fee for this course is S$1,962.00.
| Category | After SF Funding |
|---|---|
| Singapore Citizen (Below 40) | S$588.60 |
| Singapore Citizen (40 & Above) | S$228.60 |
| Singapore PR / LTVP+ Holder | S$588.60 |
| Non-Singapore Citizen | S$1,962.00(No Funding) |
Note: All fees above include GST. GST applies to individuals and Singapore-registered companies.
Course Runs
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