An introduction to the principles and strategy involved in efficient asset management, focusing on its technology as well as its role in businesses. The course draws on experts with wide experience discussing basic principles and practical applications of efficient asset management. Read more Read less

This course is intended to help professionals who are building their skills in efficient asset management to identify business opportunity where efficient asset management can release significant benefits in business productivity and asset performance.

The course will cover the concept of the end-to-end process from sensing data from assets, communicating the data for analysis, and formulating operational decisions from the resulting data base.

The IVHM Centre delivers generic efficient asset management solutions from highly leveraged R&D spend within a pre-competitive environment. We support commercialisation, reducing time to market and combine technology, business and technology transfer solutions.

At a glance

Course structure

The course will run over three days, from Tuesday to Thursday. We will guide learning through lectures, and industrial case studies which will enable strong interaction between academics, industry specialists, and delegates so that by the end of the course, delegates have not only a good appreciation of this technology and its role in their businesses, but also a network of contacts including leading experts in the field.

What you will learn

This course will help professionals who are building teams for successful efficient asset management. It is important for engineers and managers in asset management, and for their teams, in forming better understanding of coupling business and technology of efficient asset management.

On successful completion of this course the delegate will be able to:

  • Identify the impact of efficient asset management on business models and processes
  • Define individual efficient asset management technologies, e.g. Condition monitoring, fault detection and isolation, prognostics
  • Explain in a system engineering approach how individual technologies are applied to enable full exploitation of opportunities
  • Illustrate the current approaches in efficient asset management as used by leading practitioners

Core content

  • Efficient Asset Management Business Context
  • Requirements Engineering and Concept Creation
  • Diagnostics and Prognostics
  • System Engineering and Integration
  • Architecture and Design


Day 1: Business

  1. Introduction to efficient asset management
  2. Total Cost of Ownership
  3. Cost/Benefit Analysis
  4. Business Models
  5. Industrial case study
  6. Centre case study

Day 2: Technology

  1. Sensors, Instrumentation and Signal Processing
  2. Failure diagnostics and prognostics
  3. Reasoning technologies and decision support
  4. Rotating machinery diagnostics
  5. Industrial case study
  6. Centre case study

Day 3: Integration

  1. Overview of system engineering
  2. OSA-CBM architecture   
  3. Design for efficient asset management
  4. Regulatory environment
  5. Industrial case study
  6. Centre Case Study

Who should attend

This course is targeted at engineers who need an overview of this rapidly developing field and managers responsible for introducing new technology or developing new businesses exploiting efficient asset management.


Professor Ian Jennions

Ian is Director of the IVHM Centre and has previously held senior positions in Rolls-Royce, ABB and GE. His background involves work on aerodynamics (CFD), heat transfer and mechanical design specifically related to gas turbine applications. More recently Ian has been involved with service business and the growing field of IVHM.


Other contributors to the course are drawn from the IVHM Centre partners and research groups working on IVHM technologies.


20% discount for Cranfield Alumni. 
10% discount when registering 3 or more delegates, from the same organisation at the same time.  

Accommodation fees are not included in the discount scheme. Please ask about our discount scheme at time of booking.

Accommodation Options

This course is non-residential. If you would like to book accommodation on campus, please contact Mitchell Hall or Cranfield Management Development Centre directly. Further information about our on campus accommodation can be found here.  Alternatively you may wish to make your own arrangements at a nearby hotel.


Location and travel

Cranfield University is situated in Bedfordshire close to the border with Buckinghamshire. The University is located almost midway between the towns of Bedford and Milton Keynes and is conveniently situated between junctions 13 and 14 of the M1.

London Luton, Stansted and Heathrow airports are 30, 90 and 90 minutes respectively by car, offering superb connections to and from just about anywhere in the world. 

For further location and travel details

Location address

Cranfield University
College Road
MK43 0AL

How to apply

To apply for this course please use the online application form.

Read our Professional development (CPD) booking conditions.