Overview
Enterprise asset lifecycle management is a critical aspect in optimising your Return of Assets. Companies are facing the challenges of meeting the needs of various stakeholders across multiple departments and functions geographically while keeping their costs in check. Apart from learning the fundamentals of the asset lifecycle and O&M, you will also be taught on the processes to optimise your Return on Assets.
The 2-day course will focus on both theories and practical aspects of the lifecycle management. It is suitable for people assuming both managerial as well as operational roles. During the course, you will have a chance to have hands-on procedures to practice on major topics covered in the course as a way to reinforce your learning.
What You’ll Learn
Introduction
- To share with learners the business challenges and the importance of technology as an enabler to help address these challenges to reap the benefits
Basics
- To explain & illustrate some relevant terminologies, methodologies, standards, frameworks and technologies to give learners the fundamentals knowledge to appreciate better the topics in the subsequent sessions
Asset Inventory
- To highlight the importance of asset inventory and types of assets
Asset Optimisation
- To learn the process of using metrics for evaluating asset financial performance, asset mission support, and risk assessment
Depreciation
- To learn what is depreciation and why it is important to asset management
O&M
- To learn the different aspects of corrective maintenance (CM) & preventive maintenance (PM) and why it is critical to balance CM with PM to realize a productive environment and achievement of their strategic goals
PM Optimisation
- To learn how to optimise your maintenance works to help reduce maintenance costs and increase equipment availability
Service Level Agreement
- To develop Service Level Agreements to ensure compliance and also to maintain your work’s quality and consistency to align with your operational goals
Practical
- To have hands-on experience on topics covered in the course to reinforce learning
Case Study
- To walk through with learners a case study in asset management with the aim of providing useful insights for the learners
Who Should Attend
- Accountants and Auditors
- Asset Managers
- Facility Managers
- Maintenance Managers
- Department Managers
- IT Managers
- Business Unit Managers
- Drafters
- Executives
- Business Process Owners
- Academics
SITizens Learning Credits (SLC) - Eligible Course
This course is SITizens Learning Credits (SLC) eligible. Please refer to the
user guide how to register for courses utilising your SLC.
Find out more about
SITizens Learning Credits (SLC).
Certificate and Assessment
A Certificate of Participation will be issued to participants who
- Attend 75% of the workshop; and
- Undertake non-credit bearing assessment (during course)
Schedule
Day 1 Schedule
| 8:30am |
Welcome and Registration |
| 9:00am |
Introduction |
| 10:00am |
Basics(1) |
| 10:30am |
Tea Break |
| 11:00am |
Basics(2) |
| 11:30am |
Asset Inventory |
| 12:30pm |
Lunch |
| 1:30pm |
Asset Optimisation |
| 2:30pm |
Depreciation |
| 3:00pm |
Tea Break |
| 3:30pm |
Practical (1) |
| 4:30pm |
Practical (2) |
| 5:00pm |
Review |
| 6:00pm |
End of Day |
Day 2 Schedule
| 9:00am |
O&M (1) |
| 10:00am |
O&M (2) |
| 10:30am |
Tea Break |
| 11:00am |
PM< Optimisation |
| 11:30am |
Service Level Agreement |
| 12:30pm |
Lunch |
| 1:30pm |
Practical (1) |
| 2:30pm |
Practical (2) |
| 3:00pm |
Tea Break |
| 3:30pm |
Case Study (1) |
| 4:30pm |
Case Study (2) |
| 5:00pm |
Assessment |
| 6:00pm |
End of Day |
Fees
| Category |
Full Fee |
After SF Funding |
| Singapore Citizen (Below 40) |
$1,926.00 |
$577.80 |
| Singapore Citizen (40 & above) |
$1,926.00 |
$217.80 |
| Singapore PR/LTVP+ Holder |
$1,944.00 |
$583.20 |
| Non-Singaporeans |
$1,944.00 |
Not Eligible |
Note:
- All figures include GST. GST applies to individuals and Singapore-registered companies.
- You can opt for either SF Series Funding or Mid-Career Enhanced Subsidy. Both cannot be combined.
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Learn more about funding types available
Terms & Conditions:
SkillsFuture Series Course Funding
In order to be eligible for the 70% training grant awarded by SkillsFuture, applicants (and/or their sponsoring organisations where applicable) must:
- Be a Singaporean Citizen or Singapore Permanent Resident or LTVP+ Holder
- Not receive any other funding from government sources in respect of the actual grant disbursed for the programme
SkillsFuture Mid-Career Enhanced Subsidy
To be eligible for the 90% enhanced subsidy awarded, applicants (and/or their sponsoring organisations where applicable) must:
- Be a Singaporean Citizen
- Be at least 40 years old
- Not receive any other funding from government sources in respect of the actual grant disbursed for the programme
SIT reserves the right to collect the balance of the programme fees (i.e. the potential grant amount) directly from the applicants (and/or their sponsoring organisations where applicable) should the above requirements not be fulfilled.
SIT reserves the right to make changes to published course information, including dates, times, venues, fees and instructors without prior notice.
