Key Outcomes of This Course

Participants completing this course will gain a practical understanding of how assets move through their life cycle, and how life cycle decisions support better cost, risk, performance, and service outcomes.

  • Asset life cycle fundamentals

    Understand how the asset life cycle fits within the broader Asset Management model, including the stages of acquisition, operation, maintenance, disposal, and long-term planning.

  • CAPEX, OPEX, and life cycle decision-making

    Learn how capital and operating expenditures support asset performance, including asset acquisition, sustaining CAPEX, operations, maintenance strategy, and renewal decisions.

  • Practical application and long-term investment planning

    Understand how life cycle analysis, economic life, maintenance data, and asset information are used to support long-term investment planning and better asset management decisions.

About This Course

This self-paced course introduces the asset life cycle, from initial need through acquisition, operation, maintenance, disposal, and long-term investment planning. Participants will learn how life cycle thinking supports better CAPEX, OPEX, maintenance, renewal, replacement, and whole life cost decisions. Estimated completion time: approximately 2 hours.

Course curriculum

    1. Before you begin

    2. Course Introduction and Learning Objectives

    3. Understanding the Asset Life Cycle

    4. Asset Creation, Acquisition, and Capital Investment Governance

    5. Operating Assets: OPEX, Service Delivery, and Performance

    6. Maintenance Strategy and Maintenance Approaches

    7. Maintenance Delivery, Work Management, and Record Keeping

    8. Disposal, Economic Life, and End-of-Life Decisions

    9. Life Cycle Analysis for Long-Term Investment Planning

    10. Course Recap and Key Takeaways

    11. Asset Management Quiz

    12. Survey: Please provide your review of this module

About this course

  • $500.00
  • 12 lessons
  • 1 hour of video content

Start Your Asset Management Journey

Designed for operators, engineers, and asset managers, this course offers a practical foundation for new entrants and a valuable refresher for experienced professionals looking to strengthen their Asset Management understanding.

Enroll Now | $500 CAD