asset management strategy training courses

asset management strategy with models and statistical methods

decisionLab training courses are limited to a small group size to ensure that you have the opportunity to contribute your ideas and questions throughout the day.

To help you get the most from your course, we employ a range of the most appropriate delivery methods including:

  • Tutor led presentations
  • Practical exercises
  • Demonstrations of models
  • Group discussions

enhancing asset management strategy

training for senior managers

If you’re responsible for planning and developing investment strategy, including the assessment of asset risk, you may be aware of the potential benefits of modelling. This course will equip you with the
knowledge to confidently ask the right questions of your team and modelling consultants.

reasons to attend

Your role may require you to produce and defend asset management plans and ensure that they are robust and well-justified in the face of a range of challenges.

This 1-day course allows you to explore the possible applications and benefits of statistical models, methods and how available data and knowledge are used in a structured way.

You’ll learn a methodology for communication requirements and specifying models which will increase the change of getting what you want from a modelling project.

You’ll receive a template for briefing modellers, participate in practical exercises to refine your skills and have the opportunity to discuss your particular challenges.

course summary

  1. Context: Why use statistics and models? What can they offer to Asset Management?
  2. Modelling Risk and Uncertainty: basic concepts de-mystified
  3. Getting what you want from a model: a structured exercise in specification
  4. Examples and Case Studies: statistical models in action
  5. Advanced Modelling Approaches: simulation and optimisation techniques

Contact us today for upcoming dates for this course or to discuss an in-house course for your organisation. Call us on 020 8877 3542 or email us training@decisionLab.co.uk

supporting asset management strategy

training for asset managers & engineers and those responsible for assets within their organisation

If you’re a consultant in the field of asset management or you’re keen to implement “good Asset Management” within your own organisation, but you lack the confidence to apply your knowledge, even if you studied maths or stats at college, you will benefit from this course.

reasons to attend

Your role may require you to interpret and use the outputs from statistical models or explain the significance of model outputs to senior management. You may need to understand modelling methodologies sufficiently well to discuss projects and challenge specialist modelling consultants like decisionLab.

On this 2-day course you will learn

  • how models and statistical methods can help asset management planning and decision-making
  • what questions to ask to get inside the black box of modelling to satisfy yourself that the models stand-up
  • the basic statistical concepts that underly many asset management models
  • to confidently use models and apply statistical methods within asset management

course summary

  1. Context: Why use statistics and models in Asset Management? Data availability and your organisation on the“Asset Management Journey”.
  2. Pyramid of Analytics: Descriptive, Predictive, Prescriptive
  3. Building Blocks: Descriptive statistics and visualisation, probability distributions
  4. Risk & Uncertainty: Probability of Fail x Consequence of Fail
  5. Statistical Sampling: How big should the sample be?
  6. Whole Life Costing: An introduction to the key concepts
  7. Advanced Modelling Approaches: optimisation and simulation

Contact us today for upcoming dates for this course or to discuss an in-house course for your organisation. Call us on 020 8877 3542 or email us training@decisionLab.co.uk