Course Overview

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.

Module Overview

Modules

The course features 4 online modules, over 4 weeks. Modules progressively open each Monday at 10AM AEDT.

Course 2023 - Semester 2

Course 2024 - Semester 1

Live Q&A Sessions

Optional Live Q&A webinar sessions scheduled 10am each Wednesday. These provide an opportunity to ask questions and discuss aspects of the course material with the mentors and your peers. These sessions are recorded and are available where scheduled times not suitable.

Objectives + Outcomes

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 Outputs:

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 an example AM Plan

Fees

IPWEA member: AU$2,000 + GST
Non-member: AU$2,200 + GST

Save up to $200/pp when you register for this course as an IPWEA member.

Group discounts available.

Group discounts are available to organisations who register:

• 3-5 people (15% discount)
• 6+ pp (20% discount)

*need to be registered at the same time and from the same organisation.

Please email full participants details of group (name, position, email, contact details, phone) to: admin@ipwea.org

Delivery

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.​

Online Program

This is a 100% online program, which gives you the flexibility to adapt your training to your professional and personal needs. You will be guided throughout the program by a personal learning mentor who will help you with activities.

Mentors

Your mentors fast-track student’s learning, through the sharing of their experiences and insights. Your mentors track your progress, provide feedback and carefully assess your final assignment. Integrating Asset Management and Governance delivers immediate results to you and your organisation.

Who Should Enrol

The course is targeted at those managing public infrastructure assets such as road and transport networks, water, sewer and drainage networks, parks and recreation facilities, community facilities and buildings and other community assets.

Therefore, any professional with an interest in progressing their career in this rapidly evolving field, including:

• senior management
• asset managers
• accountants / finance staff
• technical officers
• administrative staff
• community planners
• IT staff
• staff service providers

Resources

Optional Text

The 6th Edition of the globally acclaimed, International Infrastructure Management Manual (IIMM) has been driven largely by the updates to the ISO 55000 Asset Management Standards. Recognising that the ISO Standards are very much the “What to do”, the IIMM provides the “How to do it” in terms of applying the standards for infrastructure asset management. The Manual provides valuable learnings for those who have a vital stewardship role in managing the investment in infrastructure on behalf of their community, customers or investors.

FIND OUT MORE

CPD + Certification

Credly Badge

Showcase your IPWEA Education Pathway achievements with a Digital Badge.

IPWEA has partnered with Credly to provide a convenient way for you to showcase your professional accomplishments. Upon course completion, you will now receive a ‘digital badge’ to recognise your achievements. A digital badge is easily shared online, data rich and verified. It is the ideal way to showcase your achievement.

IPWEA Digital Badges recognise the knowledge and skill gained via our courses in a way that is shareable with your network. We’ll be introducing the following badges for our four current pathway courses.

Total estimated 14 hours.
Eligible for CPD by Engineers Australia (EA) in accordance with EA Guidelines.