Integrating Asset Management and Governance

Gain the tools to apply robust asset management across the whole of your organisation

Asset Management is defined in the International Infrastructure Management Manual (IIMM 2020) as the ‘systematic and coordinated activities and practices of an organisation to optimally and sustainably deliver on its objectives through cost effective lifecycle management of assets’, however in practice integrating good asset management practice remains a challenge for many organisations.

This course will empower participants to  implement better Asset Management practices across the organisation by:

  • Explaining the importance of integrated asset management planning;
  • Conducting an in depth analysis of the key Asset Management documents: AM Policy, AM Strategy and AM Plans;
  • Helping participants to make the most of the AM enablers: People, Data, Systems and Tools, Processes and Outsourcing; and
  • Providing implementation ready practices for applying AM Governance across your organisation: AM Steering Groups, maturity assessment and internal reporting on AM.

Course Format

  • This course will be delivered via a blend of online readings and resources and a series of 90-minute interactive webinars
  • Supported by course readings and source materials (ISO 55000 standards and IIMM)
  • With an assessment via IPWEA’s learning management system
  • Duration – 5 weeks (approx. 10 – 14 hours effort)

*The live webinars will be recorded for those who are unable to attend.

Module 1: Integrating Asset Management Planning

  • Welcome and Introduction
  • Understanding the course and expectations
  • ISO 55000 and the 4 Fundamentals of AM
  • Integrated Planning and why it is important
  • Benefits of Integrated AM planning
  • The concept of Asset Stewardship
  • AM Governance and why it is essential

Module 2: The Asset Management System and Framework

  • The Asset Management System (AMS) – explaining the components of the AMS and how it differs from AMIS or IMS
  • Link AMS to ISO and IIMM
  • Understanding and implementing AM Principles
  • Integrating AM across the organisation – understanding and articulating the role of Corporate AM objectives, AMP and IFM
Module 3: The AMS Documents and Enablers
  • What makes good AM policy?
  • How the Strategic AM Plan (or AM Strategy) assists implementing your AM Policy
  • AM Plans as the ‘business case’ for your assets
  • Essential integration of LTFP with the AMS
  • The Enablers: People, Data, Systems, Tools, Processing and Outsourcing
Module 4: Good Governance
  • Assessing Asset Management maturity
  • Developing and Implementing the AM Improvement Plan
  • Fully functioning AM Steering Groups
  • The importance of Internal Reporting and how to do it well
  • Communicating AM to Senior Executives
  • Develop and follow a LTFP linked to the AMPs and Corporate AM Objectives
  • Using Sustainability Indicators for management reporting
  • Continuous Improvement: AM is a journey, not a destination!

Learning Outcomes

Upon successful completion of the course, learners will be able to:

  • Explain the importance of integrating AM Planning activities;
  • Explain the benefits of integrating AM Planning activities;
  • Describe the key documents of Asset Management System (ISO and IIMM);
  • Identify and define the roles of key documents in the Asset Management System / Framework;
  • Describe the role of asset management enablers;
  • Demonstrate how to review and contribute recommendations to Asset Management Policy and Strategy;
  • Identify and apply Governance processes to ensure optimal AM outcomes;
  • Demonstrate how to review and contribute recommendations to Continuous Improvement.

Course Assessment

To ensure participant learning, the following assessment components will be adopted:

  • Assessment Item 1 – review and evaluate an example AM Policy
  • Assessment Item 2 – analyse an example AM Strategy (Strategic AM Plan) and add critical commentary to improve it
  • Assessment Item 3 – using a structured process, critically evaluate AM Plans from your organisation

Course Details

Online Course starts Monday 21st June 2021

  • Webinar 1: 23rd June 2021 - 10am AEST
  • Webinar 2: 30th June 2021 - 10am AEST
  • Webinar 3: 7th July 2021 - 10am AEST
  • Webinar 4: 14th July 2021 - 10am AEST

CPD Points
14 CPD Hours

Member: $1,900 + GST
Non-member: $2,100 + GST

Group Discount
Register 5+ people to receive 10% discount when registered at the same time.

Please email all participants details including name, position, email, phone to:

For any enquiries on this course please email

Call: 1300 416 745