Subject specific
Courses & Programs

The Woodhouse Academy has the widest range of courses in Asset Management, all of which target groups to all likely levels of requirements.

We can deliver a comprehensive program of training and education for organizations, and individuals, using a combination of specific courses to manage business-critical gapsWe can ensure that investment in training yields the best return, and also provides the individual learner with the most useful new skills as quickly as possible.

The following courses are available as standalone or may be combined to build a corporate bespoke program. Please contact us for further information.

1. Principles of Asset Management including ISO 55000

Communicates latest processes, methods, tools, thinking on Asset Management combined giving an overview for busy managers about what Asset Management is and what it can do for an asset centered organization

A management-level introduction to the ISO 55000 set of standards to help recognize the implications of these standards for the organization, including opportunities and business benefits.

A preparing guide to the ISO 55000 set of standards and their business implications and to plan the preparatory actions for the adoption of these standards and to explain to others the requirements, role, and benefits of adopting ISO 55000.

Addresses the skills and processes you need to refine and optimize asset value realization.
How to customize your strategies for context, capabilities, and continual improvement.

2. Technical Skills in Asset Management

Introduces the key techniques, standards and tools, and techniques of modern Asset Management. It is a convenient, concentrated way to learn about the strengths, applicability, and limitations of the many solutions being promoted as part of the Asset Management toolset.

3. Strategy, Planning and Decision Making

Provides real practical insight into the development of effective strategies for Asset Management, including alignment with organisational objectives and engagement of the workforce, risk management, prioritisation, goal-setting, performance monitoring and cross-disciplinary collaboration requirements

Provides techniques to lead and/or carry out a comprehensive ‘zero-based’ review of an organization’s stakeholders and how to describe their requirements and expectations in preparation for Strategic Asset Management Plan (SAMP) creation

An introductory workshop to help participants to understand and develop appropriate KPIs for assets, asset management, and the delivery of improvement plans (such as a Roadmap). Follow-up options include customized coaching and facilitation for establishing such KPIs and how to integrate them with any existing corporate ‘Scorecard’ and data sources.

4. Investment, Decisions and Life Cycle Costing

Provides ‘business case’ skills needed to evaluate and justify projects, changes or investments in physical assets. It enables consistent value criteria for different options and business drivers, with correct handling of good or bad data.

Introduces and explains the concepts, methods, and applications of Life Cycle Cost or ‘TotEx’ in asset management decision-making and performance monitoring. Includes extensive use of case studies and practical exercises

5. Inspection, Maintenance and Reliability

Introduces the concepts of reliability from design, operation, maintenance, and continual improvement perspectives. It covers the relevant tools and analysis methods, and the practical opportunities and constraints associated with incomplete data, human/cultural factors, and business processes/disciplines.

Enables managers to understand, implement and control the necessary activities of staff to ensure that assets are safe, reliable, performing and compliant. It covers the full cycle of strategy development, planning, resourcing, contractors, scheduling, work and quality management, and continual improvement. It also addresses the essential dimensions of people, information technology and asset life cycle collaboration (such as ‘designing out the need for maintenance’).

Trains the methods and techniques used in applying Reliability-Centred Maintenance (RCM) for the development of appropriate maintenance strategies.

Covers maintenance strategy and decision-making. Going further than just the understanding of FMEA and RCM/RBI techniques, it includes methods for building the business case for maintenance and optimizing the cost/risk/performance and asset lifespan effects.

Teaches how to evaluate inspection or condition monitoring methods, and optimal intervals. Also covers the optimal testing of safety, standby, and protection systems.

Provides an understanding and ability to implement techniques to model the cost/risk optimization of shutdown intervals and the choice of tasks to cluster or bundle into the range of alternative shutdowns.

6. Materials, Spares and Supply Chain

Covers quantified, risk-based justification and optimization of critical and slow-moving spares.

Provides tools and techniques for optimal, risk-based inventory and optimum procurement strategies for materials and consumables.

7. Asset Renewals and Life Cycle Extension

Covers leading-edge techniques to evaluate and justify when to replace deteriorating or obsolete assets, or how best to extend their economic life.

8. Criticality and Risk Management

Course summary:

Covers the concepts, methods and implementation of asset risk management techniques. Includes the identification, quantification, evaluation, control and reporting of asset-related risks and the establishment of risk management processes aligned to ISO 31000 guidance.

Delivery: Virtual Classroom or classroom

Duration:  2 days

Class Size:  15

Overview:

To understand and manage the risks, associated with/related to their assets, is an essential requirement for any organisation. This course will cover the key requirements of an asset risk management process aligned with ISO guidance.

Learning Outcomes:

To enable staff to understand the key elements of an asset risk management process. And the techniques available for risk identification, analysis and evaluation, as well as the options available for risk treatment. Also, to understand the importance of communicating an organisation’s risks and their monitoring and review. The need for asset, system and organisational resilience and event contingency planning are also explored.

Benefits:

The course participant will be able to gain a deeper understanding of corporate and asset related risk management. They will be able to contribute effectively to the creation of an asset risk management process and be able to use risk assessment and risk treatment tools. Also they will be able to create and utilise contingency plans for their organisation and understand the need for continual monitoring and review of asset risks.

Target Audience:

This course is applicable to:

  • Middle managers
  • Team leaders
  • Operations and production engineers
  • Safety and Maintenance and Operations staff

 

Pre-requisites:

Although no pre-qualification is required, a degree-level or HND qualification is recommended.

Course contents

Introduction to Asset Management

  • What is Asset Management
  • IAM Conceptual model
  • Asset Management processes
  • Critical Systemic “enablers”
  • Scope of ISO55000

 

Assessment and Management of Asset Risk

  • Understand Risk Management methodology and Processes
  • ISO 31000
  • Consequence and Probability models
  • Risk Matrix and intolerable risks
  • Asset Criticality
  • Risk Assessment – Risk Identification, Analysis & Evaluation
  • SWOT; PESTLE; HAZAN; HAZOP; FTA; ETA
  • FMECA; RCA and Elimination
  • Risk Treatments
  • Risk Reporting and the Risk Register

 

Contingency Planning

  • Understanding Resilience
  • Contingency Planning key requirements
  • Testing Contingency Plans

 

Audit and Review

  • How to monitor assets, asset management and asset management systems
  • Key performance Indicators
  • Asset Management Stewardship

Course Summary:

Explains what an asset criticality ranking system is, how to construct one and then apply it in multiple uses. Participants’ practice building and using these tools.

Delivery: Virtual Classroom or classroom

Duration:  1 day

Class Size:  15

Overview:

It is essential for an organisation to prioritise their assets, systems and activities to ensure that the most important things are always put first. Criticality is a very good way to do this prioritisation. Also, the course will explore the benefits of considering the ‘importance and urgency of attention’ for assets, systems and activities, and how combining these criteria can help us optimise our intervention options.

Learning Outcomes:

To enable staff to understand the key elements of criticality assessment and analysis. And how they can be created, optimised and applied in an organisation.

Also, how a combination of ‘importance’ criteria and ‘urgency’ criteria can be used as an optimal process in determining which issues should be prioritized for attention. And how this process can be applied to assets, systems and other organisational activities.

Benefits:

The course participant will be able to run RCA teams or participate in RCA teams investigating and identifying the underlying problems for correction of non-conformities in assets, processes, systems, machinery, accidents and incidents.

Target Audience:

This course is applicable to:

  • Middle managers
  • Team leaders
  • Operations and production engineers
  • Safety and Maintenance & Operations staff

 

Pre-requisites:

Although no pre-qualification is required, a degree-level or HND qualification is recommended.

Explains what an asset criticality ranking system is, how to construct one and then apply it in multiple uses. Participants’ practice building and using these tools.

Delivery: Virtual Classroom or classroom

Duration:  1 day

Class Size:  15

Overview:

It is essential for an organisation to prioritise their assets, systems and activities to ensure that the most important things are always put first. Criticality is a very good way to do this prioritisation. Also, the course will explore the benefits of considering the ‘importance and urgency of attention’ for assets, systems and activities, and how combining these criteria can help us optimise our intervention options.

Learning Outcomes:

To enable staff to understand the key elements of criticality assessment and analysis. And how they can be created, optimised and applied in an organisation.

Also, how a combination of ‘importance’ criteria and ‘urgency’ criteria can be used as an optimal process in determining which issues should be prioritized for attention. And how this process can be applied to assets, systems and other organisational activities.

Benefits:

The course participant will be able to run RCA teams or participate in RCA teams investigating and identifying the underlying problems for correction of non-conformities in assets, processes, systems, machinery, accidents and incidents.

Target Audience:

This course is applicable to:

  • Middle managers
  • Team leaders
  • Operations and production engineers
  • Safety and Maintenance & Operations staff

 

Pre-requisites:

Although no pre-qualification is required, a degree-level or HND qualification is recommended.

Course contents:

Introduction to Asset Management

  • What is Asset Management
  • IAM Conceptual model
  • Asset Management processes
  • Critical Systemic “enablers”
  • Scope of ISO55000

 

Introduction to Criticality Assessment Analysis

  • What is Criticality – the classic view
  • Risk – Crisis or Opportunity
  • Understand risk at different levels in an organisation
  • Explore different types of risk

 

Exploring the ‘importance’ of attention

  • Asset Value – ‘Shamrock’ Diagram and ‘RELiCS’
  • Scales of Impact
  • Quantifying the importance
  • Risk Matrices
  • Improvability – the importance of attention
  • Asset group size i.e., how big is the pot of improvability

 

Exploring the ‘urgency’ of attention

  • Asset/System Age or Utilisation measures
  • Asset Health Index
  • External/Internal events on the Horizon

 

Combining ‘Importance’ and ‘Urgency’

  • Optimal activities to focus on

Course Summary:

Provides an understanding and ability to implement investigation techniques to identify the root causes of failures in order to find remedies to stop recurrence. Participants’ practice building and using these tools.

Delivery: Virtual Classroom or classroom

Duration:  2 days

Class Size:  15

Overview:

RCA – Root Cause Analysis – is largely a reactive technique to help eliminate the recurrence of problems. This course is aimed particularly at asset non-conformities. Remedies for root causes could include a re-design of an asset, a planned maintenance activity, an improvement in quality control and materials of construction, a reduction in human error by improving methods and procedures, as well as counter-measures for environmental factors and third-party threats.

Learning Outcomes:

To enable staff to understand and implement investigation techniques in order to identify the root causes of asset non-conformities, and to understand the remedies available, and their effectiveness, to help eliminate recurrence.

Benefits:

The course participant will be able to run RCA teams or participate in RCA teams investigating and identifying the underlying problems for correction of non-conformities in assets, processes, systems, machinery, accidents and incidents.

Target Audience:

This course is applicable to:

  • Team leaders
  • Operations and production engineers
  • Maintenance and Operations staff

 

Pre-requisites:

Although no pre-qualification is required, a degree-level or HND qualification is recommended.

Provides an understanding and ability to implement investigation techniques to identify the root causes of failures in order to find remedies to stop recurrence. Participants’ practice building and using these tools.

Delivery: Virtual Classroom or classroom

Duration:  2 days

Class Size:  15

Overview:

RCA – Root Cause Analysis – is largely a reactive technique to help eliminate the recurrence of problems. This course is aimed particularly at asset non-conformities. Remedies for root causes could include a re-design of an asset, a planned maintenance activity, an improvement in quality control and materials of construction, a reduction in human error by improving methods and procedures, as well as counter-measures for environmental factors and third-party threats.

Learning Outcomes:

To enable staff to understand and implement investigation techniques in order to identify the root causes of asset non-conformities, and to understand the remedies available, and their effectiveness, to help eliminate recurrence.

Benefits:

The course participant will be able to run RCA teams or participate in RCA teams investigating and identifying the underlying problems for correction of non-conformities in assets, processes, systems, machinery, accidents and incidents.

Target Audience:

This course is applicable to:

  • Team leaders
  • Operations and production engineers
  • Maintenance and Operations staff

 

Pre-requisites:

Although no pre-qualification is required, a degree-level or HND qualification is recommended.

 

Course contents:

Introduction to RCA and Asset Management

  • Human factors to RCA and continual improvement
  • Why use RCA
  • What is Asset Management
  • Asset Management processes
  • Critical Systemic “enablers”
  • Scope of ISO55000
  • The interdependency of RCA & RCM
  • The traditional theory of H.W. Heinrich (and others) pyramids

 

Risk Management

  • What is Risk and Risk assessment/scoring
  • Types of risk consequence – safety; environmental; business; reputational
  • Probability of the ‘worst big event’ and the Heinrich triangle
  • Risk treatment, remedies and risk control

 

Understanding the RCA process steps

  • Example 8 step/discipline process
  • Process to Identify/Analyse/Eradicate
  • Problem types – Acute and Chronic
  • RCA Investigation teams
  • Understanding Subjectivity and Objectivity

 

Creating an RCA Problem Statement

  • Gathering FACTS – Subjectivity
  • What is a Problem Statement and how is it used?
  • Understanding Data mining
  • Exploring the Phenomenal power of the human mind

 

RCA Tools to analyse problems

  • Understanding the Five Whys
  • Ishikawa Fishbone (cause and effect) diagram
  • Understanding the Five ‘M’s

 

RCA tools available to eliminate/eradicate the causes of problems

  • Three engineering and three control remedies
  • Remedy treatments – Four ‘T’s
  • Risk treatment – ERICPD
  • Remedy timescales

 

Key requirements of a RCA participant and facilitator.

  • RCA Team psychology – team forming, storming; norming and performing.
  • Understanding the RCA team participants’ role
  • Understanding the RCA team facilitator’s role

 

For further information and to obtain a quote please contact us

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