ISO 55000 and Risk-Based Asset Inspections

Explore how to improve asset performance by building effective asset risk, operations and maintenance plans
13th - 14th September, 2017. Hormuz Grand Hotel. Muscat, Oman

Learn the fundamentals of asset Integrity management and how to structure and efficiently implement its key
elements using the latest risk based techniques.
WORKSHOP INTRODUCTION:

Risk Based Integrity Process is the evaluation of risk is fundamental to the process of assuring asset integrity. Even
within prescriptive regulatory regimes it is unusual to find that no leeway exists enabling professional engineers to
asses, either qualitatively or quantitatively the most appropriate means and timescale for intervention and control
on the basis of risk.

This course will provide you with an awareness of the collaboration efforts that are required as well as the
application of cross-disciplinary skills in technical, engineering, finance, logistics, human communications and other
functions to achieve effective management of physical assets. The course will allow understanding how to
translate existing standards and guidelines into operational practices and daily routines. It is not an engineering
course; it is a management course but also for engineers. Course might be seen as a bridge between core
engineering knowledge and Integrity Management approach based on Risk based Inspection principles.

Explore how to improve asset performance by building effective asset risk, operations and maintenance plans
three major components of a life cycle asset management plan. Learners are exposed to the concepts of
designing for reliability, reliability-centered maintenance, failure risks and control strategies, restoration vs. disposal
investments, and continuous improvement opportunities.

This course will cover all of the roles defined in the Institute for Asset Management (IAM) Competencies Framework -
Policy Development, Strategy Development, Asset Management Planning, Implement Asset Management Plans,
Asset Management Capability Development, Risk Management and Performance Improvement, and Asset
Knowledge Management. Specific emphasis will be placed on implementation, risk, performance improvement,
Inspections and knowledge management.

Risk Based Asst Management Model:

If your organization has multiple assets at the heart of the business, youll know that an efficient asset management
strategy, regardless of whether the assets are financial, physical or organizational, should contribute to better
operating results, performance and ultimately improve your bottom line.

Tel: +60 3 20274751 Fax: +60 3 7865 1533 Email: waseem@mawaevents.net web: www.mawaevents.com
 ISO 55000 and Risk-Based Asset Inspections
13th - 14th September, 2017. Hormuz Grand Hotel. Muscat, Oman

WORKSHOP OBJECTIVES

Analyze the essentials components of a functioning IM system

Implement key integrity services such as risk based inspection
An understanding of a range of technical and human risks associated with asset management and how they
can be mitigated
Describe the clauses and identify the benefits of the ISO 55000 standard
Develop the asset management policy and a strategic asset management plan (SAMP)
Create a project master plan for individual asset management plans
The ability to design a tailored asset management improvement plan for their organization which tackles the
major risk areas
Describe the four phases in implementing a risk-based asset management program
Demonstrate how to effectively classify assets and multiple methods for analyzing assets
Map control strategies to predominant failure modes
List key performance indicators to effectively measure control strategies
Calculate overall equipment effectiveness

LEARN HOW TO:

Draft components of an asset management plan: risk, operations and maintenance plan
Describe asset management information required to manage risk and improve performance
List ways to extend the life of assets and evaluate their effectiveness
Use a failure mode effects analysis (FMEA) to analyze risks and map controls strategies
Describe how audits, reviews and key performance indicators drive continuous improvement
Practice applying a standard process for preventive maintenance optimization
Determine a plan for asset renewal or disposal based on asset management strategy
List key internal and external partners to include in asset management
ISO 55000 and the concept of asset management
Key principles of ISO 55000 and its alignment with industry good practices
The benefits of an ISO 55000 compliant asset management system
Emerging business models in the optimization of Asset Management
Understand the RBI process
Understand how to establish a RBI program within your business
Understand some of the key technical issues involved in RBI studies
Understand the benefits of RBI

The adoption of ISO 55001, enables an

The adoption
organization of ISO 55001
to achieve enables an
its objectives through
If an enterprise puts in place a solid
foundation to collect and manage asset organization to achieve its objectives through
the effective and efficient management of its
information, the benefits could be enjoyed the effective and
assets. The efficient management
application of an assetof its
by all. assets. The application of an asset management
management system provides assurance that
system provides assurance that those objectives
those objectives can be achieved
can be achieved consistently and sustainably
consistently and sustainably
over time. over time.

Tel: +60 3 20274751 Fax: +60 3 7865 1533 Email: waseem@mawaevents.net web: www.mawaevents.com
 COURSE CONTENTS:

Day 1: Day 2:

Risk Assessment and Inspection Asset Management Decision making concepts

Risk Based Inspection (RBI) Overview of ISO 55000, ISO 55001 and ISO 55002
The RBI Process Structure and content of the standards
RBI Benefits. How and why to use these standards (are you seeking
RBI Limitations. alignment, compliance or certification?)
Risk-Based Prioritization ISO 55001 Requirements and ISO 55002 Guidance
The Risk Assessment Methodology. What are the key requirements, and how should they
Assessment of Likelihood of Failure be interpreted?
Inspection Plan Development Organisational Context
Degradation Mechanisms and Inspection Methods Leadership
Scope of Inspection (Sample Population Size, Location Planning
and Support
Extent of Inspection) Operation
Frequency of Inspection Performance Evaluation
Inspection Execution Improvement
Analysis of Inspection Results
What is required to demonstrate alignment or
Risk assessment and Integrity Management compliance with each of these elements?

Implementing Improved Asset Management processes

Integrity Management Process & Methods
Management Systems
The Asset Management Journey
Design and Develop ISO 55000
The role and value of a Gap Assessment
Overview of ISO 55000: Asset Management (AM)
Where and how do you start?
fundamentals and benefits
Who needs to be involved?
Financial benefits of AM, KPIs, Ratio and DuPont
analysis Developing the necessary documentation
Developing and assuring Asset Management
Modeling financial impact-Putting it all together
competence
Asset Management System (AMS): policy, strategy and
Embedding the processes
objectives
Creating an "Asset Management" culture
Creating AM policy
Additional Tools and Resources
Creating AM strategy: requirements, company strategy
Certification
analysis
The ISO certification process
Creating AM objectives: six anchor points
Finding a suitable certification body
ISO 17021 - Assessor and Auditor Competencies
Evaluation and Continuous Improvement

Finalizing and pitching AMS policy and strategy Emergency repairs

Change management in AMS
Communication planning
Management system elements: support, operation,
performance evaluation, improvement
Next steps: implement, control, maintain
Asset Maintenance Plan Introduction
Introduction to Reliability Excellence (Rx)
Risk-Based Asset Management (RBAM) 4-step model
Asset Management plan: operations, maintenance.
Risk plans
Assessment tools
Value stream mapping and opportunities
Asset catalogs, hierarchy development
Analyze phase: criticality analysis
Emergency repair and loss of containment
Fitness for service and defect assessment
Sleeves, clamps and mechanical connectors
Composites and clock spring
Mechanical replacement
Line stopping and hot tapping
Asset integrity review Process
The asset integrity review team
Integrity review strategy and preparation &
Implementation
Reporting and evaluation of results

PROGRAM SCHEDULE WHO SHOULD ATTEND?

(Day 1 & Day 2) This should include leaders and middle managers across the
organization. It is ideal for joining teams of managers to establish a
08:30 Registration & Coffee
common language and vision for linking the asset management system
09:00 Morning Session Begins
10:30 Morning Refreshments & Networking Break to organizational goals.
13:00 Networking Luncheon
14:00 Afternoon Session Begins This includes Project Engineers, Reliability Engineers, Maintenance
15:30 Afternoon Refreshments & Networking Break Managers, Operations Managers, Engineering Technicians,
17:00 Course concludes Organizational Development Managers, Financial managers, Business
Leaders, Inspections Executives, Audit and Quality Managers.

Tel: +60 3 20274751 Fax: +60 3 7865 1533 Email: waseem@mawaevents.net web: www.mawaevents.com
 TESTIMONIALS

Teaches concepts & provides tools

which apply to and help me to improve
my job performance.
- RAY DEC, SCHERING PLOUGH

Addresses the real world issues

maintenance supervisors face every
day.
- RONNIE BONE, LHOIST NORTH AMERICA

This training should be taken by anyone

involved in maintenance. Will lead to a
more effective PM program. Planners,
managers, supervisors should look into
this to improve efficiency of plants &
maintaining Teams.
- JAMES COYLE, NEW YORK POWER
ABOUT YOUR COURSE FACILITATOR:
AUTHORITY
MALCOLM HIDE
Very good seminar. Gave me a good
deal to think about and consider for my
organizational improvements. The
Malcolm Hide is an independent maintenance consultant, with over 30 content was definitely well organized,
informative and useful. Outstanding!
years of experience in maintenance practices and setting up
Thank you.
maintenance systems. He started his career in the Steel Industry, where he - RANDY SWANK, VESUVIUS USA
was ultimately responsible for the redesign of the water cooling system on
a blast furnace. He then went on to further his experience in the Oil and Class was great, well taught, and I
Gas Industry where he ran the condition monitoring department, learned a lot.
performing Vibration analysis, Oil analysis and Laser alignment on hundreds - JOSH MULCAHY, LOCKHEED MARTIN
of pumps, motors, turbines and generators. From there he moved into an
abattoir and processed meat factory as the maintenance manager, I have 20 years of maintenance
experience & my best source of
where he was also responsible for a rebuild of around 50% of the factory
education on leadership has been from
while still maintaining the production environment inside the rebuild areas. maintenance veterans exactly like Hank
He then moved on to the BOC group of companies, where he became Bardel. The course was very helpful &
responsible for monitoring and delivering maintenance best operating worth my time. I will highly recommend
practices to their air separation plants worldwide. SML to my colleagues.
- TONY LANG, LOREAL USA
Following this, Malcolm joined the team delivering the baggage system for
Heathrow Terminal 5, which is made up of over 17km of conveyor systems, Extremely effective facilitator, gained
tons of knowledge to take back to my
over 100 PLCs and in excess of 24,000 individually maintainable items. He
company and work on to implement.
was responsible for defining the maintenance strategy, developing the
Would recommend this workshop to
maintenance plan, defining the maintenance team size, setting up all anyone in need of TPR guidance.
system-related training requirements, and setting up their CMMS. This - CHRIS BYERS, SILFEX INC.
experience has lead him to developing this process of setting up a basic
maintenance plan, which he has now been able to successfully apply on
several other sites. The process has reduced the time to implement a
comprehensive maintenance plan covering all maintenance strategies
significantly.

Client List:

Mittal Steel South Africa (Formerly known as ISCOR)

Sasol
Renown Food Products
BOC Gases
OXIM
Vanderlande Industries
BAA
Heathrow Airport
Babcock Airports
Gatwick Airport
Shop Direct Group
Now to avoid any disappointments
Airbus

For Registration / Inquiry:

Kindly contact: Mr. Waseem Shahzad Sales & Marketing Dept

Tel: +60 3 20274751 Fax: +60 3 7865 1533 Email: waseem@mawaevents.net web: www.mawaevents.com
 REGISTRATION FORM

ISO 55000 and Risk-Based Asset Inspections

13TH - 14TH SEPTEMBER, 2017. HORMUZ GRAND HOTEL - MUSCAT, OMAN

MAWA EVENTS SDN BHD

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