Asset manager

Asset management standards: ISO55000, British Standard Institute (BSI) Publicly Available Specification (PAS) 55.

Management systems for asset management: policy, strategy, objectives, plans and continual improvement.

Impact of organisational context on asset management: regulatory frameworks, stakeholders, governance and asset management policy, objectives strategy and plan.

Different types of assets and classification approaches; hierarchy, function and value.

Asset systems; effect of each asset on the system and impact of external factors.

Asset/system service and performance requirements; service level.

Continuous improvement techniques.

Asset costing and valuation techniques; cost estimation (maintenance, operation, renewal), depreciation, whole life costing, and social, environmental, safety and reputational cost.

Optioneering, cost benefit analysis; asset management multi-criteria decision making (cost, risk, performance, sustainability, compliance and intangibles).

Creative thinking and problem-solving techniques.

Asset life cycle activities: demand analysis and future requirements, creation and acquisition or rationalisation, operation, resilience, redundancy, shutdown, obsolescence, outage management, future asset capability.

Performance monitoring of asset life cycle activities.

Asset and asset systems health, condition and performance assessment methods.

Project management, resource and time management techniques.

Types of asset maintenance: preventive, predictive, corrective.

Risk management and its application to asset management: risk assessment, quantification, mitigation and impact.

Techniques to assess asset risk; causes and effects: Failure Mode Event/Effects Critically Analysis (FMEA/FMECA), Root cause analysis and Bow Tie analysis.

Legislation: Health and Safety at Work, Environmental Protection.

Sustainable development; impact on environment of asset management and asset management activities.

Supply chain; types of suppliers, their role and contractual relationships.

Collaborative working techniques: personality types, influencing, negotiating, networking, and equality, diversity and inclusion.

Communication techniques including plain English – verbal, written and presentation.

Business ethics including corporate governance, bribery, discrimination, socially responsible organisations.

Data analysis and interpretation techniques; data presentation techniques (charts, diagrams and tables).

Information technology (IT) systems and processes: asset registers, work management systems, word processing, spreadsheets, email, presentation.

Information and data security/management requirements; cyber security, General Data Protection Regulations (GDPR), data protection and integrity.

Identify the organisation’s context and constraints that affect asset management.

Identify asset service and performance requirements.

Estimate and calculate Life Cycle Cost (LCC) or Total Cost of Ownership (TCO) for assets/asset systems.

Use techniques to identify interventions for assets/asset system and estimate benefits.

Apply multi criteria decision making methods to proposed intervention options.

Select and use decision support tools to make asset management recommendations.

Develop asset life-cycle plans including performance monitoring and business case.

Classify assets, asset systems, life cycle stages and activities.

Plan and manage projects.

Assess asset health; condition and performance.

Select and apply fault finding technique(s) to identify causes and effects of assets/asset system failures.

Apply continuous improvement techniques.

Assess and quantify asset, asset system and asset management activity-related risks; identify mitigation options.

Comply with legislation, asset management standards and company policies.

Use information technology systems and processes: for example, asset registers, work management systems, word processing, spreadsheets, email, presentation.

Collate and analyse asset/asset system data and information.

Interpret and present data - qualitative and/or quantitative.

Communicate with colleagues and stakeholders – verbal, written and presentation.

Committed to compliance with legislation, asset management standards and company policies.

Focusses on value and outcomes in alignment with organisational objectives and stakeholders’ expectations.

Collaborates, within teams and across disciplines.

Shares knowledge and good practice, gives and receives feedback, help and support.

Adaptable for example, seeks new ways of working.

Reliable and self-motivated, takes responsibility for work and seeks to deliver against personal objectives.

Committed to continued professional development.