Asset Life Cycle and Maintenance Management

Available Dates

Dec-23-2024

London
Jan-27-2025

London
Feb-24-2025

London
Mar-24-2025

London
Apr-28-2025

London
May-26-2025

London
June-23-2025

London
July-28-2025

London
Aug-25-2025

London
Sep-22-2025

London
Oct-27-2025

London
Nov-24-2025

London
Dec-22-2025

London

Dates in Other Venues

Dec-09-2024

Kuala Lumpur
Dec-09-2024

Istanbul
Dec-16-2024

Paris
Dec-16-2024

Singapore
Dec-30-2024

Amsterdam
Dec-30-2024

Dubai
Dec-30-2024

Barcelona
Jan-06-2025

Dubai
Jan-06-2025

Barcelona
Jan-13-2025

Kuala Lumpur
Jan-13-2025

Istanbul
Jan-20-2025

Paris
Jan-20-2025

Singapore
Jan-27-2025

Amsterdam
Feb-03-2025

Dubai
Feb-03-2025

Barcelona
Feb-10-2025

Kuala Lumpur
Feb-10-2025

Istanbul
Feb-17-2025

Paris
Feb-17-2025

Singapore
Feb-24-2025

Amsterdam
Mar-03-2025

Barcelona
Mar-03-2025

Dubai
Mar-10-2025

Istanbul
Mar-10-2025

Kuala Lumpur
Mar-17-2025

Singapore
Mar-17-2025

Paris
Mar-24-2025

Amsterdam
Apr-07-2025

Dubai
Apr-07-2025

Barcelona
Apr-14-2025

Kuala Lumpur
Apr-14-2025

Istanbul
Apr-21-2025

Paris
Apr-21-2025

Singapore
Apr-28-2025

Amsterdam
May-05-2025

Barcelona
May-05-2025

Dubai
May-12-2025

Kuala Lumpur
May-12-2025

Istanbul
May-19-2025

Singapore
May-19-2025

Paris
May-26-2025

Amsterdam
June-02-2025

Dubai
June-02-2025

Barcelona
June-09-2025

Istanbul
June-09-2025

Kuala Lumpur
June-16-2025

Singapore
June-16-2025

Paris
June-30-2025

Barcelona
June-30-2025

Amsterdam
June-30-2025

Dubai
July-07-2025

Dubai
July-07-2025

Barcelona
July-14-2025

Kuala Lumpur
July-14-2025

Istanbul
July-21-2025

Singapore
July-21-2025

Paris
July-28-2025

Amsterdam
Aug-04-2025

Dubai
Aug-04-2025

Barcelona
Aug-11-2025

Istanbul
Aug-11-2025

Kuala Lumpur
Aug-18-2025

Paris
Aug-18-2025

Singapore
Aug-25-2025

Amsterdam
Sep-01-2025

Dubai
Sep-01-2025

Barcelona
Sep-08-2025

Kuala Lumpur
Sep-08-2025

Istanbul
Sep-15-2025

Paris
Sep-15-2025

Singapore
Sep-29-2025

Dubai
Sep-29-2025

Barcelona
Sep-29-2025

Amsterdam
Oct-06-2025

Barcelona
Oct-06-2025

Dubai
Oct-13-2025

Kuala Lumpur
Oct-13-2025

Istanbul
Oct-20-2025

Singapore
Oct-20-2025

Paris
Oct-27-2025

Amsterdam
Nov-03-2025

Dubai
Nov-03-2025

Barcelona
Nov-10-2025

Kuala Lumpur
Nov-10-2025

Istanbul
Nov-17-2025

Paris
Nov-17-2025

Singapore
Nov-24-2025

Amsterdam
Dec-01-2025

Dubai
Dec-01-2025

Barcelona
Dec-08-2025

Istanbul
Dec-08-2025

Kuala Lumpur
Dec-15-2025

Paris
Dec-15-2025

Singapore
Dec-29-2025

Amsterdam
Dec-29-2025

Dubai
Dec-29-2025

Barcelona

Course Details

Asset Life Cycle Management (ALCM) is a comprehensive approach that involves overseeing an asset's journey through its key phases: planning, acquisition, operation, maintenance, and eventual decommissioning or disposal. Each phase requires strategic decisions that impact the asset's performance, lifespan, and cost-effectiveness.

By implementing proactive asset management practices, organizations can significantly enhance asset reliability and reduce costs associated with unplanned downtime and inefficient maintenance. Studies show that structured maintenance strategies can lead to a reduction in maintenance costs by 5-10% and extend asset life by up to 50%.

This course is designed to provide participants with a deep understanding of the asset life cycle and the critical role of maintenance management. Key topics include the development of maintenance plans and schedules, the selection of appropriate maintenance strategies, and the use of advanced technologies such as computerized maintenance management systems (CMMS) and the Internet of Things (IoT) in predictive maintenance.

Participants will also learn how to develop key performance indicators (KPIs) to measure maintenance effectiveness and implement change management strategies to enhance asset performance. Through practical case studies and interactive discussions, this course equips professionals with the tools to optimize asset management processes and improve their organization's overall efficiency.

Upon completion of this short training course, participants will be able to:

Understand the phases of asset life cycle and maintenance management practices.
Identify asset types and their unique maintenance needs and requirements.
Comprehend maintenance levels and types, including preventative, corrective, predictive, and reliability-center maintenance
Creating maintenance plans and schedules for different asset types
Leverage maintenance management systems such as CMMS and EMA for effective maintenance practices.
Measure and improve maintenance performance by developing KPIs and conducting maintenance audits.
Predict asset failures to develop prevention and corrective strategies to maximize asset lifespan.
Effectively implement and manage changes in maintenance practices and systems

This course is ideal for professionals who aim to enhance their expertise in asset life cycle and maintenance management, equipping them with the skills to optimize operational efficiency and extend asset longevity:

Maintenance Managers and Supervisors
Asset Managers
Asset Management Teams
Facilities Managers
Operations Managers
Engineers and Technical Staff
Reliability engineers and analysts
IT Administrators
Plant Managers
Production Supervisors
Procurement and supply chain professionals
Consultants and Advisors

Our courses in London are held at the LPC office located at:

LPC Oxford Street Offices: 25 N Row, London W1K 6DJ

London Head Office: 47 - 49 Park Royal Road, London NW10 7LQ

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to Asset Life Cycle Management

Introduction to Course Content and Outlines
Definition and significance of asset life cycle management
Describing key phases of the asset life cycle:

Planning
Acquisition
Operation
Maintenance
Decommission/Disposal

Exploring types of assets and identifying their maintenance needs
Identifying the role and benefits of maintenance throughout the asset life cycle
Analyzing the impact of poor maintenance practices on asset performance and costs

Maintenance Fundamentals: Planning and Scheduling

Distinguishing between maintenance by plan and maintenance by default
Identifying the role of planning and scheduling in asset life cycle management
Steps and components of maintenance plan
Exploring maintenance scheduling techniques:

Time-based technique
Condition-based technique

Tools and platforms for maintenance planning and scheduling
Best practices for optimizing maintenance intervals for various assets

Maintenance Strategies

Detailed analysis of maintenance strategies:

Preventative strategy
Corrective strategy
Predictive strategy
Reliability-center maintenance (RCM) strategy

Criteria for selecting the best maintenance strategy
Techniques for predicting asset failures
Identifying the procedures of preventive maintenance
Process of developing corrective maintenance responses
Steps to implement the RCM strategy

Maintenance Management Technologies

Overview of maintenance management systems:

Computerized maintenance management systems (CMMS)
Enterprise asset management systems (EAM)

Identifying the benefits and key features of maintenance management systems
Understanding how CMMS and EMA work
Determining the role of AI and IoT in maintenance
Case studies of technology applications in maintenance management
Group Discussion: Limitations and Challenges of Maintenance Management Systems

Performance Measurement and Change Management

Determining the significance of measuring maintenance performance
Steps for developing KPIs for measuring maintenance performance
Best practices for conducting maintenance audits and assessments
Case studies of maintenance KPIs
Strategies for implementing and managing changes
Identifying key challenges and issues with change management
Recap and lesson learned
Course evaluation and feedback

Asset Life Cycle and Maintenance Management

Course Info

Course Details

Course Outline

Search Course

Related Courses