Show as: Mobile

Certificate in Physical Asset Management (In-House)

LEORON Professional Development Institute
Training overview
Corporate / Group Training
5 days
From 4,190 USD

Start dates
4,190 USD
Inquire for more information

Course description

Physical Asset Management Certificate Course - In-House

ThisPhysical Asset Management Certificate in-house Course by LEORON addresses some common questions facing the sector:

  • Why do some organisations manage their assets well, and others do not?
  • Why are some organisations good at keeping costs low, reducing stoppages, spotting trouble, and achieving greater output while others are less successful?
  • How can you learn these things

Thisfive-day in-house course helps you answer these questions. During the in-house course, you’ll join a group of like-minded people who are unconditionally-guaranteed to come away with the tools they need to competently and profoundly upgrade their asset management practices.

Who should attend?

ThisPhysical Asset Management Certificate in-house course is suitable for:

  • Project, Design & Asset Management
  • Engineering
  • Operations
  • Reliability Engineering
  • Technical Support

Training content

The training course content for this programme is as follows:


Maintenance pyramid of excellence overview:

  • Leadership, control, continuous improvement, quantum leaps
  • Maintenance strategy, managing change, maintenance tactics, MROmaterials management and performance measures
  • Assessing an organisation’s current maintenance maturity
  • An approach to prioritising opportunities for improvement
  • Six key steps to planning and scheduling resources effectively
  • Planning exercise
  • Reliability-centered maintenance and failure modes and effects analysis
  • Asset-centric continuous improvement and risk reduction
  • How to successfully implement an RCM programme
  • Strategic cost reduction:
    • What does this really mean in maintenance?
    • What can we realistically achieve?
  • How do we get a committed focus on Maintenance andAsset Management?


Analysis of Component Failure Data

  • Probability density function
  • Reliability function
  • Hazard function
  • Weibull density
  • Infant mortality
  • Bath-tub curve
  • Dealing with Censored Data, the 3-Parameter Weibull, and theKolomorgov-Smirnov Test
  • Upper-end censoring
  • Multiply censored group data
  • Estimating the location parameter the Weibull distribution
  • Checking the goodness-of-fit of the distribution
  • Component replacement procedures including Glasser’s Graph
  • Block replacement policies
  • Age-Based Replacement Policy
  • Setting Policies based on safety constraints, cost minimisationand availability-maximisation
  • Repairable systems
  • Exercise in analysing component failure data using the WeibullDistribution:
  • Estimating the Weibull parameters
  • The role of the OREST software Package
  • Spare parts provisioning
  • Fast moving spares
  • Emergency (insurance) spares
  • Case studies in spares provisioning Including linereplaceable units (LRUs), cylinder heads, repairable
    electric motors and transformers.

Certification / Credits

Upon successful completion of this in-house course, candidates will receive a Certified Physical Asset Manager qualification.

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Certificate in Physical Asset Management (In-House).

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info

LEORON Professional Development Institute


 Show phone number

Contact provider

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

Training reviews

No reviews available

Need help with your search? offers a free consultancy service to help compare training for you and your team

Request a free quote

Request a free training quote