USD 4,560
excl. VATThe current economic climate focused on productivity and cost cutting which has followed our recent boom time has resulted in a unique situation. There are significant amounts of new assets still being deployed, together with pressures to extend the life of ageing equipment. This has sparked a renewed interest in productivity and operational readiness initiatives based on a more thorough assessment of equipment health and integrity
Learn how to develop and maintain effective asset management plans to take control of asset life events Apply the most appropriate analysis and modelling methodologies to present life cycle forecasts, maintenance activity selection and optimal life determination Master the process of developing effective zero based budgets, focused on reliability improvement of critical equipment Ability to align the focus to be applied to new assets in support of operational readiness as opposed to ageing assets Realize the importance of master data to support life cycle management and continual improvement
Asset Managers & Engineers
Maintenance & Reliability Professionals
Project Managers & Capital Planners
Finance & Cost Analysts
Facilities, Infrastructure & Operations Managers
BK Management Team believe that learning is not only about acquiring technical skills, but also about learning behaviors & Competencies that are desirable for work in plant operation & maintenance critical dimensions. Our holistic teaching develops our delegates' personal effectiveness to function both as an individual and as a team player. The course delivery & modes of instruction will incorporate theory, practical skills and Q&A sessions. To enhance learning outcomes, theory sessions will comprise classroom-based lecture that will intersperse with interactive discussions, scenario-based, case-study, group exercises, video clips, power point slides, learners' Guide and the application of various tools which will be provided to help in the delegates and participants of the learning’s objectives. With successful implementation of the learnt skills, they are bound to enhance Individual & Organizational growth. For online / Interactive Virtual sessions, Delegate should have a stable & good Internet connection on his laptop
Introduction to Asset Lifecycle Management (ALM)
What is Asset Lifecycle Management?
Lifecycle stages: Concept → Design → Acquire → Operate → Maintain → Dispose
Key principles of ISO 55000 and PAS 55
Role of ALM in reliability, safety, and cost optimization
Asset Lifecycle Phases & Decisions
Planning and acquisition phase:
Investment justification
Design for reliability, maintainability, and sustainability
Operation & maintenance phase:
Asset performance monitoring
Maintenance strategies (RCM, TPM, CBM)
Decommissioning and disposal:
Risk, compliance, and sustainability considerations
End-of-life planning
Introduction to Lifecycle Costing (LCC)
Definition and objectives of LCC
LCC vs. traditional budgeting
Components of total lifecycle cost:
CAPEX (Capital Expenditure)
OPEX (Operational Expenditure)
Risk-related costs
End-of-life & disposal costs
LCC Methodology and Tools
Steps in conducting a lifecycle cost analysis
Time value of money:
Net Present Value (NPV)
Internal Rate of Return (IRR)
Discounted cash flows
Sensitivity analysis and risk-adjusted costing
Overview of LCC software tools and templates
Data Requirements for Lifecycle Costing
Data sources: historical cost data, OEM manuals, maintenance records
Cost modeling techniques
Uncertainty, inflation, and obsolescence management
Asset registers and condition data
Integrating LCC into Asset Management Decisions
Using LCC to support:
Asset investment planning
Asset renewal vs. replacement decisions
Maintenance optimization
Business case development using LCC outputs
Stakeholder alignment and communication of LCC findings
Practical Applications & Case Studies
Case study: Capital project selection using LCC
Case study: Replace vs. repair decision modeling
Group exercise: LCC calculation and scenario analysis
Common pitfalls and real-world examples of cost overruns
Governance, Standards & Sustainability
ISO 55000 and asset management principles
ESG and sustainability considerations in LCC
Total Cost of Ownership (TCO) vs. LCC
Audit and compliance requirements
USD 4,560
excl. VATDo you have any questions ?
Jubail Industrial City, Saudi Arabia
373 road 112, First Industrial Area, Unit No.: 1 Al Jubail 35717 - 7043 KSA
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