An intensive professional development training course on
Risk Assessment of Assets
Principles, Framework, Process, Systems, Tools & Techniques
Why Choose Risk Assessment of Assets Training Course?
This course provides an explanation of the underlying concepts of the Risk Based Maintenance approach, guidance on its relationship and integration within asset management and the overall risk management process. This course will show delegates how to develop an action plan for implementation into an effective and cost-efficient maintenance strategy.
Risk-Based Maintenance improves maintenance decision-making by introducing risk data and analysis into asset & maintenance management processes. In this way an organization systematically optimizes maintenance, associated spares and supply-chain management processes. By providing an objective approach to selecting an appropriate maintenance strategy, and establishing priorities for focusing resources where they deliver the greatest bottom-line performance and safety benefits.
This course will feature:
- Introduction to risk, risk management, risk management standard ISO31000 and the integration within asset management processes
- Prioritizing risk, quantitative and qualitative risk assessment methodologies
- Continuous improvement and contingency planning
- Risk based maintenance (RBM) concepts for assets – asset related risk
- Optimizing the maintenance concept & implementation aspects
What are the Goals?
By the end of this course, participants will be able to:
- Understand the concepts & practical application of risk management & the Risk-based Maintenance (RBM) approach
- Learn the potential contribution of RBM to maintenance efficiency and performance
- Understand how RBM interacts within asset management
- Apply RBM and related technologies so as to achieve the best results
- Develop an action plan to utilize risk management & RBM in their own areas of responsibility.
Who is this Course for?
This course is suitable to a wide range of professionals but specifically designed for those professionals who want to understand, implement and improve themselves on risk management in a maintenance environment, judge its suitability for their needs, and learn how to implement RBM for the benefit of their organizations.
This course is suitable to a wide range of technical professionals but will greatly benefit:
- Asset Management Coordinators
- Asset Management Consultants
- Production or Operations Managers
- Maintenance & Engineering Managers
- Maintenance & Reliability Engineers
- Those assigned in New Project Design
How will this be Presented?
This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes formal lectures and interactive exercises. Relevant case studies will be provided to illustrate the application of each subject in an operations environment. Each learning point will be re-enforced with practical exercises. There will be many opportunities for discussion and sharing experiences.
The Course Content
An Overview of Risk Management
- Challenging the traditional approaches to maintenance
- Definitions of key terms & risk principles
- Risk in Asset Management (ISO 55000 series)
- Risk Framework (ISO 31000)
- Case study: Importance of risk assessment & risk management (video)
Risk Management Process & methods
- Linkage between Corporate risk and Asset related risk
- The steps involved in managing risk
- Risk assessment, risk register & hazard log
- Criticality analysis
- Best practices: RCM, HAZOP, FMECA & FRACAS
- Contingency planning
Risk Management Best Practice: Maintenance Concepts with RBM (Part 1)
- Failure behavior & probability
- Availability & Reliability concepts
- Maintenance concept & the seven steps of Risk Based Maintenance (RBM)
- Failure Mode Effect & Criticality Analysis (FMECA)
- Group Exercise
Risk Management Best Practice: Maintenance Concepts with RBM (Part 2)
- Maintenance concept: the seven steps of RBM (continued)
- Failure patterns
- Determine maintenance tasks and frequencies
- Exercise
- Risk Based Inspection (RBI) & specific aspects for typical equipment
Optimizing Performance and Case study
- Using decision support tools to optimize maintenance concepts
- Case study package distribution system
- Monitoring performance – setting up relevant performance indicators for RBM
- Implementation aspects & pitfalls of the RBM approach
- Implementation plan
- Wrap-up
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the course.
Do you want to learn more about this course?
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Frequently Asked Questions
Yes, we offer tailored corporate training solutions to meet your organization’s specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
There are several convenient ways to register for our training programs:
- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
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