Asset management is the “coordinated activities of an organization to realise value from its assets” (ISO 55000, 2014).

Organizations and their staff need to understand that asset management is an approach or system and is not a department or an individual function.

AM touches all aspects of the business and all staff have a role to play.

Asset management has been around for a long time and came to recognition following the Piper Alpha disaster in the 1980’s which kickstarted the need for improved rigour and care when looking after assets over their life – the need for Asset Management.

Since that time, the discipline of Asset Management has gained recognition, specifically in asset intensive industries and infrastructures, such as oil, gas, nuclear and utilities.

We are now seeing a wider variety of business sectors realising the value and benefits of AM and whole life-cycle management of their assets.  

Asset management is quite often, yet mistakenly, referred to as asset maintenance and, although maintenance is a very important part of AM, it is not the whole story.

Asset management delivers a whole-life approach for assets, from creation, operation and maintenance through to replacement or disposal – read more at

 https://committee.iso.org/files/live/sites/tc251/files/guidance/ISO%20TC251%20WG4%20MACAM%20May%202017%20EN2.pdf

It is a fast-growing discipline with a large and effective global professional network where sharing information and learning is significant.

Our experience shows that an equally fast-growing demand for AM learning by asset-owning organizations, service and construction organizations, investors, and individuals.

We believe this is driven in part by societies increasing value-for-money expectations, yet delivered through limited financial resources, and the organization’s desire to create greater value from their assets with higher returns on investment.

Organizational benefits of implementing AM learning include:

• Structured decision-making that optimizes performance, risk and cost aligned to the organization’s goals, through
• A better understanding and alignment of risk and assurance
• It embeds a common language across the organization allowing more effective communication between activities
• It enables all staff to understand the importance of their role within the organization helping them work together effectively
• It drives collaborative behavior, breaking down internal and external silos
• It creates a higher level of awareness and understanding of how the assets will deliver the business objectives
• It provides assurance of performance, risk management, and continuous improvement and creates a learning environment
• It enhances stakeholder confidence in the organization’s capabilities

All of the benefits described previously ensure significantly improved risk and financial performance is delivered for the organization and it’s stakeholders

Some examples of benefits from organizations who embrace asset management:

• 18% reduction in maintenance costs
• 40% reduction in risk related
• 17% increase in productivity

We are experienced experts in both Asset Management AND online education, with great learner support in place.

Our comprehensive training provides competency in infrastructure management, an understanding of the risks that an asset can represent and the ability to manage that risk.

• It’s a key component of delivering a blended learning offer, providing consistency of knowledge transfer
• You can realise the efficiency of self-study and still add an expert, face to face webinar to consolidate the learning
• It’s now the method of choice, especially since organizations are supporting home working
• There are no travel expenses for learners, reducing the cost to the organization
• There is an automatic record of progress, achievement and personal development

We work in all sectors but specialise in the emerging Asset Management sectors such as housing, health and construction

Let’s talk.

contact@asset-wisdom.com or call June 01937557875

Continuing Professional Development is a commitment to ongoing lifelong learning.

CPD encourages looking forward and identifying opportunities to learn something new, refresh existing knowledge, improve skills, or simply keep up-to-date with the latest developments within a particular profession or industry.

In practice, CPD can mean everything from taking a training course or attending an educational event, to studying for new qualifications or learning new aspects of a job.