Asset Management in the Energy Industry - November 2022

Training Course

10/11/2022 - 11/11/2022

61 New Cavendish Street, London , W1G 7AR

Non-Member: £1550.00 (excl. VAT)
Member: £1330.00 (excl. VAT)

Learning Objectives:

1. Recognise the importance of developing a strategy, policies and plan to manage physical assets
2. Understand the phases of the asset life cycle including development, implementation, operate, maintain and decommission and their importance to improving asset performance
3. Carry out simple economic studies including:
a. Calculate the ‘simple payback time’ (SPT) for a wind farm
b. Explain the meaning of the ‘net present value’ (NPV) of a wind farm project
c. Understand the steps necessary to determine the ‘levelised cost of energy’ (LCoE)
4. Gain knowledge and tools to manage and improve culture, skills and competency within the organisation
5. Understand the process and requirements of gaining accreditation in ISO55001

Who should attend:

The course is suitable for engineering, asset management, maintenance and reliability personnel and those working within or managing manufacturing, industrial, mining, oil and gas and energy sectors with responsibility for the application and improvement of physical asset performance, safety and budgets.

During this course, you will learn:

1. Definition of an asset
a. What is an asset?
b. The relevant standards relating to asset management
c. Identify terminology and principles of asset management
2. Asset Life Cycle
a. Understand the asset life cycle and why asset management is important
b. Support and manage assets throughout their life cycle
3. Scope
a. Identify the scope of asset management and the decisions that need to be made relating to policy, strategy and the plan.
4. Economics
a. Calculate the ‘simple payback time’ (SPT) for a wind farm
b. Explain the meaning of the ‘net present value’ (NPV) of a wind farm project
c. Understand the steps necessary to determine the ‘levelised cost of energy’ (LCoE)
5. Structure and Processes
d. Acquisition, development and implementation
e. Operation
f. Maintenance
g. Decommissioning – remove or repower
6. Skills and Culture
a. Investigate the skills required to manage and improve your asset performance.
b. Recognise and address cultural issues associated with the process.

Matthew Laskaj is an engineer and specialist engineering trainer. He is passionate about the engineering industry and developing skills. Having worked in offshore Oil and Gas, refineries, energy, manufacturing and process industries around the world, he considers himself lucky to be able to share his experience with others while learning at the same time from those he meets along the way.

He is the Director of Project Engineering Management Ltd, an engineering consultancy offering maintenance training, project management and engineering consultancy.

Contact details

Training Team: webtraining@energyinst.org, 02074677178