Asset Management 101

AM 101 provides an introduction to Asset Management principles and concepts. Over the last few years, the challenges of managing physical assets have grown. Asset-intensive companies are faced with aging assets, hyper-competitive markets, change-resistive culture, unpreparedness for digital-ready world, climate change, and ever-tightening constraints on funding. Today’s asset managers must integrate asset, business, and risk management principles to strategically manage their organization’s assets. The modern asset manager focuses on multi-dimensional business processes that harmonize asset information across organizational silos to make financially optimized asset management decisions. The ISO 5500x family of standards provides guidelines for organizations to develop sustainable asset management approaches and be able to respond appropriately to constraints and opportunities within their operating contexts.
This course focuses on global best-in-class practices to holistically manage assets and optimize levels of service over their life cycles. The course is anchored on three pillars, asset performance, asset risk management and business/financial management. The course content is mapped to the ISO 5500x family of standards and the Global Forum on Maintenance and Asset Management (GFMAM) Asset Management Landscape. The course is designed to be multi-disciplinary, in order to foster effective cross-functional team approach when participants return to their workplaces. Participants will receive a Certificate of Completion on successful completion of the course.

Course curriculum

  1. 2
    • Lesson 1 - Front Matter

    • Survey #1 - Defining Asset Management

    • Lesson 2 - Defining Asset Management

    • Survey #2 - The Asset Management Balance

    • Lesson 3 - Asset Management Drivers

    • Survey #3 - Asset Management Drivers

  2. 3
    • Lesson 1 - Front Matter

    • Survey #1 - Assets

    • Lesson 2 - Assets

    • Survey #2 - Value

    • Lesson 3 - Value

    • Survey #3 - Leadership

    • Lesson 4 - Leadership

    • Survey #4 - Alignment

    • Quiz #1 - Alignment

    • Lesson 5 - Alignment

    • Survey #5 - Assurance

    • Lesson 6 - Assurance

  3. 4
    • Lesson 1 - Front Matter

      FREE PREVIEW
    • Survey #1 - Asset Management Enablers

    • Lesson 2 - Whole Life (Cycle) Planning

    • Lesson 3 - Asset Information Management

    • Survey #2 - Business and Financial Principles in Asset Management

    • Lesson 4 - Business and Financial Principles in Asset Management

    • Reading Material - The Quartet of Asset Management knowledge

    • Survey #3 - Risk Management Principles in Asset Management

    • Lesson 5 - Risk Management Principles in Asset Management

    • Lesson 6 - Value-based Decision-making in Asset Management

  4. 5
    • Lesson 1 - Front Matter

    • Quiz #1 - ISO 5500x

    • Lesson 2 - ISO 55000 & ISO 55001

    • Quiz #2 - ISO 55001

    • Reading Material - A Review of ISO 55002:2018

    • Lesson 3 - ISO 55002 & 55010

    • Quiz #3 - ISO 55002 & ISO 55010

  5. 6
    • Lesson 1 - Benefits of AM and Conclusions

    • Final Quiz

    • Course Review/Critique

Reviews

Enroll with confidence based on the positive experiences of others

5 star rating

An excellent Intro

Kevin Lewis

An excellent introduction into asset management. This course offered a very balanced approach to delivery with great detail, thought provoking questions, com...

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An excellent introduction into asset management. This course offered a very balanced approach to delivery with great detail, thought provoking questions, commentary and visual aids. Strongly recommend anybody wanting to learn about asset management to begin here!!

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5 star rating

Introduction to Asset Management (AM 101)

Marty Dornom

Great overview to asset management . Insight into strategies for better management over asset life span. Introduction to ISO 5500x with comprehensive course ...

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Great overview to asset management . Insight into strategies for better management over asset life span. Introduction to ISO 5500x with comprehensive course notes. Highly recommend this course.

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5 star rating

Value-Based Decision Making

Gisele Marks, PMP

The walkthrough of the progression of the history of Value-Based Decision (VBD) Making was spot on from early approaches to what we are doing today in asset ...

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The walkthrough of the progression of the history of Value-Based Decision (VBD) Making was spot on from early approaches to what we are doing today in asset management. The depth of comprehensive public works A/E projects have always been stakeholder centric but had shortfalls in analysis of both asset performance and maintenance to build and operate better for future design or rehabilitation. New design thinking (UX) concepts also seem overlap into VBD. This value progression presented a great melding of these approaches in a concise way and in the context of ISO guidelines.

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5 star rating

Apt, sharp and straight to the point is this title. No co...

Ikechukwu Njoaguani

As an engineer and a facility manager, this course was a reference point as it provided me the baseline principles of physical asset management in an easy to...

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As an engineer and a facility manager, this course was a reference point as it provided me the baseline principles of physical asset management in an easy to remember sequence. Will certainly defer to it from time to time for refresher knowledge in my asset management learning experience.

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5 star rating

Great program!

Rebecca Pietrzykowski

I really enjoyed the Introduction to Asset Management (AM 101) The flexibility of the self paced program was perfect for my schedule. The program was pr...

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I really enjoyed the Introduction to Asset Management (AM 101) The flexibility of the self paced program was perfect for my schedule. The program was professional, engaging, informative and succinct. Thank you for the opportunity to participate.

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5 star rating

Impactful introduction to business of Asset Management

Gregory Perry

Smooth, precise, and to the point. Great introduction to the business side of Asset Management.

Smooth, precise, and to the point. Great introduction to the business side of Asset Management.

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5 star rating

AM 101

Sam Rose

I found the AM101 a very engaging self pace course that gave me the fundamentals of learning at my own self pace. It was structured in a way that the course...

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I found the AM101 a very engaging self pace course that gave me the fundamentals of learning at my own self pace. It was structured in a way that the course tested your knowledge base right from the beginning to the end. It provided me an excellent opportunity to ask further questions and to easily navigate back and forth the course material to keep me very interested in how the governance and concepts of good AM can really add stakeholder value. The AM101 course really made me realize how important this business management system is to the future strategic direction of our organization.

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Instructor

Principal Asset Management Instructor

Suzane Greeman

Suzane Greeman is the President and Principal Asset Management Advisor of Greeman Asset Management Solutions, a firm headquartered in Winnipeg, Manitoba. She is a senior asset management consultant and instructor in North America with over 25 years of experience, working with clients who manage assets in excess of $75 Billion. She has worked across several asset management disciplines to implement asset management strategies for cement manufacturing, power generation, wastewater treatment, airport, and maritime transportation assets. A lifelong learner, Suzane holds a Bachelor of Engineering degree as well as an MBA. She also holds the following certifications: Asset Management Diploma (IAM), Certified Manager of Quality & Organizational Excellence (ASQ-CMQ/OE); Certified Asset Management Assessor (CAMA); Certified Asset Management Professional (CAMP); and Certified Maintenance & Reliability Professional (CMRP). Suzane is a member of ISO/TC 251 Committee for asset management and the Branch Leader for the IAM Manitoba Branch. Suzane maintains an active blog in the Sustainable Asset Management Newsletter and is a well sought-after keynote speaker. She also volunteers as a professional mentor to young professionals and undergraduate and post graduate university students. Suzane is the author of “Risk-based Asset Criticality Assessment (R-b ACA©) Handbook”.