In today’s highly competitive business environment, management of physical assets (their selection, maintenance, inspection and renewal) plays a key role in determining operational performance and profitability of any business unit, manufacturing plant or industry that operate assets as a part of their
core business. Asset Management, being the art and science of making right decisions and optimizing these processes, attempts to minimize the total life cost of assets and directly or indirectly influences
manufacturing/production/operation/service cost, processes and quality, and throughput or delivery time. There is particular interest in the application of asset management principles to the management of engineering systems in any industrial unit where the cost and performance of the assets are of major significance. Asset Management for any engineering system needs to focus on maintenance, renewal and enhancement activities, with an integrating mechanism
, on delivering sustainable outputs valued by customers and funding providers at the lowest whole-life cost emphasizing on creating knowledge of how assets degrade and fail to optimize maintenance and renewal interventions.
It is essential that industries across India, many organizations of which being asset-intensive, promote a consistent asset management approach to their infrastructures and systems in overall manufacturing, production and supply chain domain to develop their own methods, standards and framework for achieving excellence in business performance.
Although industries, in general, are aware of the potential of Asset Management for achieving excellent and all-out organizational performance, a well-trained group of personnel cutting across different functions and departments of any organization is a prime necessity in order to achieve the goal of Asset Management. ITResearch, being an internationally recognized Shor term technical
institution of India having a number of experts with proven knowledge, expertise, and research capabilities in the broad field of asset management, plans to organize a Short Term Course on ‘Advance Asset Management of Engineering Systems’ to provide industry professionals and researchers with valuable insights into several pertinent issues required for successful implementation of Asset Management framework at an organizational
Internationally acclaimed academics, researchers and practitioners with proven knowledge, experience, and demonstrable ability in teaching, consultancy, research, and training in the field of Asset Management will deliver lectures and discuss cases in the