AW003 Benefits of Asset Management

This module enables the learner to understand the benefits of a consistent, integrated and whole life cycle approach to asset management. It also covers the importance of good communication and how to recognise and handle some of the misunderstandings that are likely during the planning and implementation phases.

Learning Outcomes

This module will provide an understanding of:

The main benefits of an asset management approach
How to relate specific, appropriate benefits to different stakeholders and businesses
The importance and role of communication and consultation in asset management implementation, and
How to recognise and handle some of the common misunderstandings and resistance to change brought about by asset management.

Course Content

To understand the benefits of asset management we need to:

Understand the impact of implementing good asset management on business and financial performance
Know how to make better decisions and manage risk
Appreciate governance and regulatory requirements
Understand how good asset management improves staff motivation and supply chain relationships and,
How to communicate these benefits to all stakeholders.

Estimated Duration

20 mins in one session (or in small parts if preferred)