Asset manager Apprenticeship Standard

Interested in a simple Skills Scan and Learning Progress Tracker tool for the Asset manager standard?

Knowledge

K1: Asset management standards: ISO55000, British Standard Institute (BSI) Publicly Available Specification (PAS) 55.
K2: Management systems for asset management: policy, strategy, objectives, plans and continual improvement.
K3: Impact of organisational context on asset management: regulatory frameworks, stakeholders, governance and asset management policy, objectives strategy and plan.
K4: Different types of assets and classification approaches; hierarchy, function and value.
K5: Asset systems; effect of each asset on the system and impact of external factors.
K6: Asset/system service and performance requirements; service level.
K7: Continuous improvement techniques.
K8: Asset costing and valuation techniques; cost estimation (maintenance, operation, renewal), depreciation, whole life costing, and social, environmental, safety and reputational cost.
K9: Optioneering, cost benefit analysis; asset management multi-criteria decision making (cost, risk, performance, sustainability, compliance and intangibles).
K10: Creative thinking and problem-solving techniques.
K11: Asset life cycle activities: demand analysis and future requirements, creation and acquisition or rationalisation, operation, resilience, redundancy, shutdown, obsolescence, outage management, future asset capability.
K12: Performance monitoring of asset life cycle activities.
K13: Asset and asset systems health, condition and performance assessment methods.
K14: Project management, resource and time management techniques.
K15: Types of asset maintenance: preventive, predictive, corrective.
K16: Risk management and its application to asset management: risk assessment, quantification, mitigation and impact.
K17: Techniques to assess asset risk; causes and effects: Failure Mode Event/Effects Critically Analysis (FMEA/FMECA), Root cause analysis and Bow Tie analysis.
K18: Legislation: Health and Safety at Work, Environmental Protection.
K19: Sustainable development; impact on environment of asset management and asset management activities.
K20: Supply chain; types of suppliers, their role and contractual relationships.
K21: Collaborative working techniques: personality types, influencing, negotiating, networking, and equality, diversity and inclusion.
K22: Communication techniques including plain English – verbal, written and presentation.
K23: Business ethics including corporate governance, bribery, discrimination, socially responsible organisations.
K24: Data analysis and interpretation techniques; data presentation techniques (charts, diagrams and tables).
K25: Information technology (IT) systems and processes: asset registers, work management systems, word processing, spreadsheets, email, presentation.
K26: Information and data security/management requirements; cyber security, General Data Protection Regulations (GDPR), data protection and integrity.

Skills

S1: Identify the organisation’s context and constraints that affect asset management.
S2: Identify asset service and performance requirements.
S3: Estimate and calculate Life Cycle Cost (LCC) or Total Cost of Ownership (TCO) for assets/asset systems.
S4: Use techniques to identify interventions for assets/asset system and estimate benefits.
S5: Apply multi criteria decision making methods to proposed intervention options.
S6: Select and use decision support tools to make asset management recommendations.
S7: Develop asset life-cycle plans including performance monitoring and business case.
S8: Classify assets, asset systems, life cycle stages and activities.
S9: Plan and manage projects.
S10: Assess asset health; condition and performance.
S11: Select and apply fault finding technique(s) to identify causes and effects of assets/asset system failures.
S12: Apply continuous improvement techniques.
S13: Assess and quantify asset, asset system and asset management activity-related risks; identify mitigation options.
S14: Comply with legislation, asset management standards and company policies.
S15: Use information technology systems and processes: for example, asset registers, work management systems, word processing, spreadsheets, email, presentation.
S16: Collate and analyse asset/asset system data and information.
S17: Interpret and present data - qualitative and/or quantitative.
S18: Communicate with colleagues and stakeholders – verbal, written and presentation.

Behaviours

B1: Committed to compliance with legislation, asset management standards and company policies.
B2: Focusses on value and outcomes in alignment with organisational objectives and stakeholders’ expectations.
B3: Collaborates, within teams and across disciplines.
B4: Shares knowledge and good practice, gives and receives feedback, help and support.
B5: Adaptable for example, seeks new ways of working.
B6: Reliable and self-motivated, takes responsibility for work and seeks to deliver against personal objectives.
B7: Committed to continued professional development.

Duty 1

DUTY: Contribute to the development of asset strategies to meet organisational goals.

Duty 2

DUTY: Inform the information management approach, specifications and rules. For example, how to collect data on condition assessment, age profiles and asset failures.

Duty 3

DUTY: Collate, process and evaluate data and information for assets and asset systems.

Duty 4

DUTY: Conduct assessments of asset systems. Identify current and future risk of the asset and consequential service failure. For example, reviewing the performance of assets, loss of service, failure of legal compliance, asset failure/breakage.

Duty 5

DUTY: Analyse the root cause of asset failure and the impact upon service.

Duty 6

DUTY: Identify intervention and mitigation options for the failure of assets. For example, preventative/reactive maintenance, new build, refurbishment, replacement, change in operation, rapid response.

Duty 7

DUTY: Identify and prioritise the asset needs using for example, whole life cost, cost-benefit analysis, cost effectiveness analysis, multi-criteria decision making and options comparisons.

Duty 8

DUTY: Develop business cases to address investment needs and/or to inform asset management decision making.

Duty 9

DUTY: Categorise assets according to common features, consistent with the organisation’s asset management system.

Duty 10

DUTY: Develop impact and contingency plans for asset and/or service failure in consultation with subject matter experts.

Duty 11

DUTY: Contribute to reports, for example, internal performance reports, asset management plans, reports to sector specific regulators and certifying bodies.

Duty 12

DUTY: Undertake assurance to challenge data quality, interpretations and assumptions across asset management.

Duty 13

DUTY: Engage with stakeholders to support the asset management process. For example, internal colleagues, customers, technical, economic, and environmental regulators.

Duty 14

DUTY: Identify opportunities for continuous improvement of asset management systems.

Duty 15

DUTY: Support the selection of external suppliers, the setting of objectives for suppliers and performance measurement of suppliers within the context of the organisation’s asset management approach.

Duty 16

DUTY: Champion the asset management approach, including implementation of the resource and competence strategy, within the organisation to support clear and consistent decision making.

Asset manager

Interested in a simple Skills Scan and Learning Progress Tracker tool for the Asset manager standard?

Knowledge

Skills

Behaviours

Duty 1

Duty 2

Duty 3

Duty 4

Duty 5

Duty 6

Duty 7

Duty 8

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Duty 16

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Interested in a simple Skills Scan and Learning Progress Tracker tool for the Asset manager standard?