Infrastructure Asset Management: A Strategic Approach Toward Sustainability
Mar 8 - 10, 2021 /
Course Code: 11-0340-ONL21
After participating in the course, you will be able to:
- Describe the basic principles of asset management
- Answer the six core questions about your assets
- Apply available tools and techniques to support your asset management program
- Develop an asset management implementation plan appropriate to your organization
- Provide better guidelines for policy making and apply best practices of asset management principles and concepts
Infrastructure asset management (IAM) is a strategic approach to managing physical public infrastructure. Two major issues involved are the deterioration of infrastructure and growth in demand for service. This course covers the fundamental principles of asset management and revisits the six core questions every organization should be able to answer about their assets.
This course also illustrates the state-of-art implementation approach of an asset management plan to attain sustainability. This course is aligned with the International Infrastructure Management Manual (IIMM), National Research Council (NRC) research modules, ISO 55000 and other initiatives and best practices from around the world. It provides an opportunity for public infrastructure management professionals to gain in-depth asset management knowledge while keeping up optimal performance over the asset's life cycle.
- Infrastructure asset management
- Sustainability asset information and data
- Asset management body of knowledge
- Evaluate asset condition
- Levels of services perform risk analysis
- Infrastructure economics
- Asset management optimization
- Setting Strategic direction for Asset Management
- How to choose your asset management system
- Action plans and decision making
- Asset management business plan
Who Should Attend
Supervisors and Managers • Operations/Maintenance Engineers • Project Engineers • Investment Officers and Coordinators • Technicians and Technologists • Asset Management personnel
Time: 10:00 AM - 5:30 PM Eastern Time
Please note: You can check other time zones here.
This course is held online over 3 days on the following schedule (All times in Eastern Time Zone):
10:00 am to 5:30 pm Eastern (Will include a 30 minute lunch each day) *********************************************************************************
Welcome, Introduction, Course Preview, Learning Outcomes and the Assessment Methods
Infrastructure Asset Management and Sustainability - An Overview
- What is asset management?
- Industry standards and other initiatives
- Development of an asset management plan
- Sustainability and asset management
Asset Management Evolution - Province of Ontario
- Infrastructure for Jobs and Prosperity Act
- New asset management regulations
Asset Information and Data Requirements
- Asset inventory
- Asset classification systems
- Asset data formats
- Data gap analysis
Asset Management Body of Knowledge (AMBOK)
- Concepts and ideas
- Knowledge modules and application guidelines
- How knowledge modules work together?
- Outline of an asset management plan
- Best practice asset management plan
Quiz/Group Discussion - Specialty Topic Selection
Evaluate Asset Condition
- Why asset condition is important?
- Asset deterioration and defect diagnosis
- Condition rating systems
- Service life of assets
- Asset performance evaluation
Levels of Services (LOS)
- Define LOS?
- How to determine LOS?
- Key Performance Indicators (KPI)
- Benchmarking of assets
- Identify the service or asset at risk
- Risk assessment and modeling
- Asset risk management
- Develop a risk action plan
- Infrastructure backlog and funding mechanisms
- Resource planning, financing and funding options
- Social costs and considerations
- Life cycle costing (LCC)
- Asset valuation
- Asset valuation models: roads/pavements, bridges/culverts, water/wastewater and other asset specific
- Reporting example: PSAB
Asset Management Optimization
- Owner’s vs user’s perspective: a multi-objective optimization approach
- Asset optimization parameters
- Infrastructure security
- Infrastructure vulnerability and resilience
Summary and Discussion
Setting Strategic direction for Asset Management
- Define scope of asset management program
- Asset management policy development
- Asset management leadership and teams
How to Choose Your Asset Management System?
- State-of-art practice tools and techniques
- Standalone systems and integrated systems
- System evaluation, comparative statements, features and benefits
Action Plans and Decision Making
- Logic behind failure: options and actions
- Asset prioritization in decision making process
- Decision model and analysis
- Action planning
Asset Management Business Plan
- Review of reporting tools (GASB, PSAB, PAS 55 etc.)
- Development of an asset management business plan
- Revisit asset management plan and implementation strategy
- Checklist: What to consider? And what not?
- Questions and answers feedback to participants on achievement of learning outcomes
Concluding Remarks and Final Adjournment
InstructorKhaled Shahata, Ph.D, P. ENG.
Khaled Shahata is Manager of Corporate Asset Management at the City of London, Ontario. He has over 15 years of academic, consulting and municipal experience in the area of infrastructure asset management. Dr. Shahata has steered the initiative to develop an effective corporate asset management program at the City of London since its launch in April, 2011. His experience includes infrastructure strategy development, asset valuation, and the application of lifecycle cost analysis and risk-based planning and decision making techniques to extend asset life and enhance service delivery.
Prior to joining the City he was an Asset Management Leader at Urban Environment & Management Inc., and an Infrastructure Management Engineer at AECOM. Dr. Shahata is a professional engineer with a PhD in Construction Management, continually contributing to the engineering profession through publications and teaching.
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Fee & Credits
$1995 + taxes
- 2.1 Continuing Education Units (CEUs)
- 21 Professional Development Hours (PDHs)
- ECAA Annual Professional Development Points
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