Effective Asset Management and Investment Planning with ISO55000 for the Oil & Gas Industry

Optimise mission-critical infrastructure to unlock and deliver the best value over the entire life-cycle

Attend this three- day course to:

  • Align business activities and investment plans to exploit the full potential and performance of existing assets
  • Review decision-making processes covering capital investment and asset renewals to maximise value and returns
  • Increase the efficiency of investment and business planning for new infrastructure by conducting multivariate scenario analysis
  • Engage in  hands on exercises and spreadsheet based models for a wide range of investment planning approaches from strategic direction setting to reliability modelling and investment appraisal
  • Explore ISO55000 and PAS55 asset management systems and understand their application to your business
  • Optimise life-cycle costs to balance the opportunities and risks against the required performance of your assets

What is the programme about?

In the capital intensive world of today’s oil and gas industry, planning and investing is key to managing the critical infrastructure to ensure safe and profitable operations. Consequently, any investments and long-term business plans require careful and coordinated planning, selection, acquisition and development of assets to maximise value and return of investment. Making the right decision now will increase the value and performance of your assets.

This focused three-day programme will deliver the essential knowledge and understanding of asset management systems, standards such as ISO55000 and PAS55, asset investment, business planning, regulations, and IT systems to develop your skills and support asset management processes in your organisation.

 

 

Oil and gas industry professionals seeking to gain a strategic overview of the concepts and methodologies, alongside practical tips for improving their investment planning and maximising the asset value including:
 

  • General Managers  

  • Asset Management Planning Engineers

  • Investment Managers

  • Business Integration and Performance Management Managers

  • Risk Managers

  • Asset Managers

  • Asset Finance Manager

  • Project Engineers

  • Maintenance Engineering Managers

  • Commissioning Engineers

  • Performance Advisors

  • Managers, advisors and experts in a range of organisations including: 
    - National and international Oil and Gas companies
    - Governments, regulators and market operators
    - Industry associations
    - Finance and investments institutions
    - Consultancies
     

 

 

DAY 1

ASSET MANAGEMENT FUNDAMENTALS

The Principles of Asset Management

  • General definitions
  • Asset Management Systems and Standards
  • Links to other systems and standards
  • The EFEQM model
  • The Asset Management Landscape
  • Conceptual Models for Asset Management
     

The Asset Lifecycle

  • Creation and acquisition
  • Operation and maintenance
  • Renewal and life extension
  • Disposal


Asset Strategies and Plans

  • The need for strategies and plans
  • The use of strategic scenarios
  • Asset Strategy Frameworks (the organisation of strategies)
  • Asset Planning Frameworks (Delivering the objectives)


Asset Strategy  Objectives

  • The Line of sight concept
  • Investment drivers
  • Outcome Driven Results (leading / lagging indicators
  • Business Model Diagram

INTERACTIVE SESSION: Business Model Diagram
Participants will take part in an interactive review and analysis of business model diagram to find the best balance between investments, opportunities and risks
 

DAY 2

ASSET INVESTMENT

The Investment Planning Process

  • Essential elements of a plan
  • Planning horizons
  • The role of cross functional teams
  • Top down approaches
  • Bottom up approaches
  • Planning workshops

INTERACTIVE SESSION: Planning Workshop
Participants will take part in an interactive planning exercise to apply different approaches over varying time horizon

Risk, Criticality and Prioritisation

  • Risk management frameworks

  • Criticality
  • Prioritisation of issues
  • Non-financial factors


Asset Information

  • Asset Registers and their application to planning
  • Asset Taxonomy
  • Data Types


Forecasting and Modelling Tools

  • Reliability Concepts
  • Failure modelling
  • Cost Risk Optimisation
  • Lifecycle modelling
  • Verification and Validation of models
  • Limitations of models

 

DAY 3

ASSET PLANNING

Developing Investment Options

  • Cost saving opportunities by planning phase
  • Brainstorming
  • Value management/ value engineering,
  • Non-financial factors


Investment Appraisal – Risk and Cost Benefit

  • Financial factors
  • Appraisal techniques
  • Project selection
     
INTERACTIVE SESSION: Risk and Cost Benefit Analysis
Participants will take part in an interactive risk and cost benefit analysis to explore cost saving opportunities and investigate the scope of financial factors


Monitoring and delivery

  • Monitoring measures
  • Project status tracking


Presentation of the Plan

  • Supporting documentation
  • Structuring the business case
  • Presenting the business

 

 

Course Categories

Testimonials for our Courses

“Very positive Organisation.” 
 

Delivered by

Andy Hunt has over 23 years of experience in the oil & gas, power & utility, transportati

Dates & Locations



This course is only available as a custom course tailored for your business, contact us to discuss your requirements.