Asset Management Fundamentals

June 14, 2025 / FreeCourse-10 / By



Understand Asset Management, Asset Lifecycle, Strategic Planning, Risk-Based Decision Making, and Performance Monitoring


What you will learn

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Define asset management and its role in improving organizational efficiency and sustainability.

Understand the full asset lifecycle from acquisition to disposal and how to manage each stage strategically.

Apply key concepts of ISO 55000 and Strategic Asset Management Planning (SAMP) in real-world scenarios.

Evaluate asset data, identify critical assets, and use KPIs to monitor asset performance and health.

Implement risk-based asset decision-making using tools like Failure Modes and Effects Analysis (FMEA).

Develop and optimize an asset register, asset management system (AMS), and long-term asset plans.

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