Day 1: Introduction to Critical Asset Management

• Engineering assets and life cycle management

• Definition and classification of critical assets

• Critical assets and business continuity

• International frameworks and standards (ISO 55000)

• Role of asset management in engineering projects

Day 2: Asset Criticality Assessment

• Asset criticality analysis methodologies

• Impact and likelihood assessment

• Identifying high-risk assets

• Risk matrices for asset prioritization

• Practical applications across engineering assets

Day 3: Risk Management for Critical Assets

• Types of risks (operational, technical, financial, safety)

• Risk analysis tools (FMEA, HAZOP, Bow-Tie)

• Linking risks to maintenance and operations plans

• Residual risk assessment

• Integrating risk management into project decision-making

Day 4: Control and Mitigation Strategies

• Risk treatment strategies (avoid, mitigate, transfer, accept)

• Risk-Based Maintenance (RBM / RCM)

• Emergency planning and business continuity

• Digital technologies for asset monitoring

• Performance indicators for critical asset management

Day 5: Governance, Reporting and Practical Application

• Asset and risk governance frameworks

• Roles and responsibilities of stakeholders

• Developing risk registers for critical assets

• Case studies from major engineering projects

• Workshop: Developing an integrated critical asset and risk management plan