This course introduces the key principles and subject understanding required for professionals who are building their skills in asset management. Read more Read less

The field is growing rapidly in its impact and professionalism, so this course has been developed to train leaders, managers and their chosen teams, to get the best value out of their organisation’s assets and make the right decisions about what is worth doing, when and why.

The course covers how to reflect organisational context and stakeholder needs into the setting of policies and strategies, the de-siloing of business functions to collaborate in optimal life cycle management, and the many processes that must be aligned and integrated for effective asset stewardship; It also examines the ‘enablers’ of management systems, competencies and technologies used to support asset management.

At a glance

  • Dates
    • Please enquire for course dates
  • Duration5 days
  • LocationCranfield Campus
  • Cost£1500. Concessions available

Course structure

Presentation formats enable strong interaction between tutors 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 people who are part of, or who are building teams for successful asset management. It is important for the leaders and managers of the future to understand the cross-disciplinary challenges and opportunities represented by asset management, and this course equips them with the vital insights into what is involved and what is achievable. 

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

  • Describe a variety of asset types, systems, functions, value contributions and life cycle attribute
  • Understand the influences on asset life cycle costs, performance and risks articulate and apply risk based approaches to asset management decision-making issues
  • Identify and plan for the necessary alignments, integrations and coordination of asset management activities

Core content

  • Organisational context:stakeholders, goals, values & strategic plans
  • Assets, Asset Management & Life Cycles; terminology & processes
  • Asset Management Systems, Standards & models (incl PAS 55, ISO 55000)
  • Asset Management policy & strategy
  • Asset whole life plans - development and usage
  • Asset criticality & asset risk management
  • Asset management decision-making
  • Optimisation of asset management strategies & plans Tactical / operational asset management (delivering the plans)
  • Continual improvement as part of the systems and strategies
  • Benefits of whole life asset management
  • Asset management case studies 

Who should attend

This course is intended for leaders, managers, champions and members of asset management teams, with responsibility for any physical assets or infrastructure that are important in the delivery of the organisation.

It is suitable for people in any industry sector, public or private (e.g. process or manufacturing, transport, utilities, buildings/facilities management, defence, mining, oil & gas etc). Most attendees will have between one and five years in their role, and their ambition will be to improve their influence in their employers’ asset stewardship and value contribution.


The course is presented through lectures and tutorials conducted by members of Cranfield University’s staff and relevant external industrial contributors all of whom have considerable academic and industrial experience. 

Speakers include:

Professor Andrew Starr

Dr John Erkoyuncu

John Woodhouse, Alex Thomson, Andy Hunt and Richard Blackman (TWPL)


Five-day short course fees:

£1500 - Standard (20% discount for Cranfield alumni, 10% discount for colleagues of alumni) 

£1440 - Professional/trade association discount

£1380 - Multiple bookings* 

* Minimum of five delegates

Accommodation options and prices

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

Read our Professional development (CPD) booking conditions.