Essential Elements in Providing Engineering Asset Management Related Training and Education Courses

Abstract

Engineering Asset Management (EAM) is a prime field in managerial and technical importance to well-developed countries and global industry. Proper asset management can make the difference in competitiveness on a global scale. Asset management involves systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan. The recent release of the ISO standards on Asset Management, the ISO 55000-2, does attract a number of organizations to offer certificate training programs in physical asset management and a handful of universities to establish EAM based curriculum. As of today, there is no formal regulation to monitor and evaluate the quality of these training programs. The purpose of this forum is to gather expert and general opinions on the development of EAM-based training program and the surveillance of quality in offering related training programs to public. The goal is to establish suitable guidelines and code-of-practice so that any authorized EAM organizations or institutes can use them to grant recognition to these programs for training and education purposes.