RedVector RV-10626

Facility Asset Management

Facility Asset Management

1 hr. Online Course

Level: Fundamental

Item#: RV-10626

SME: Michael Cowley, CPMM

Facility asset management is the process of taking care of things of value in and around a facility; equipment, buildings, systems, walls, roofs, sidewalks, parking lots, and so on. In this course you will learn about the components necessary to implement an effective asset management program. You will also learn about the relationship of asset cost to maintain and future capital expenditures, purchasing the appropriate quality assets and parts, documenting asset history and performance, critical asset analysis, failure mode and effect analysis (FMEA), auditing of the maintenance process, life cycle analysis, forecasting and budgets, and performance measures.
Course Objectives

At the conclusion of this course, you will be able to:

  • List the key components to successful asset management
  • Describe the relationship between good maintenance and future capital expenditures
  • Explain the importance of documenting work history of all of your assets
  • Discuss the methods for establishing critical assets and potential failure analysis
SUBJECT MATTER EXPERT: Michael Cowley, CPMM
Michael Cowley, CPMM Photo
Mike Cowley’s background includes a BS in Mechanical Engineering and over 35 years of hands-on experience in areas of asset and maintenance management including: facility and industrial maintenance. He has extensive experience in all aspects of facility and manufacturing management, computerized maintenance management systems (CMMS), contract maintenance, utility operations, project engineering and senior engineering management.
Mike spent the early years of his maintenance career in the textile industry working for Burlington Industries. While at Burlington, he was named Director of Engineering and Maintenance for the Lees Carpets Division. Mike was instrumental in the successful implementation of Lees’ maintenance improvement program, which took Lees maintenance department from “Chaos to World Class”.
 
Mike spent several years employed as a District Manager with Aramark Facility Services in their Specialty Markets Group where he managed multiple facility services and maintenance accounts. He also assisted other groups within Aramark on a National basis with maintenance program assessments, planning, and implementation of improvement programs.
 
Mike is founder and President of CE Maintenance Solutions which provides consulting services to facility and manufacturing maintenance organizations. He also provides coaching and guidance for clients who desire to outsource facility services. Mike has been fortunate to work with numerous organizations, assisting them in their journey to change the maintenance culture.
 
Mike speaks at several leading maintenance conferences and facility management conventions each year, writes articles for maintenance magazines, teaches maintenance management fundamentals, and has assisted numerous organizations in developing plans and programs needed to implement and achieve facility-wide maintenance improvement. He currently serves as Regional Vice President for the Association for Facilities Engineering (AFE), serves on their professional development committee, and as a course instructor for the Certified Plant Maintenance Manager (CPMM) certification program.
State Licenses
AL - Engineer (General - ,)
AR - Engineer (General - ,)
DE - Engineer (General - ,)
GA - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
GA - Engineer (General - ,)
IA - Engineer (General - ,)
ID - Engineer (General - ,)
IL - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IN - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
KS - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
KS - Engineer (General - ,)
KY - Engineer (General - ,)
LA - Engineer (General - ,)
MD - Engineer (General - ,)
ME - Engineer (General - ,)
MI - Engineer (General - ,)
MN - Engineer (General - ,)
MO - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
MO - Engineer (General - ,)
MS - Engineer (General - ,)
MT - Engineer (General - ,)
NC - Engineer (General - ,)
ND - Engineer (General - ,)
NH - Engineer (General - ,)
NJ - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General - ,)
NV - Engineer (General - ,)
NY - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
NY - Engineer (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.1 CEU for this program.
OH - Engineer (General - ,)
OK - Engineer (General - ,)
OR - Engineer (General - ,)
PA - Engineer (General - ,)
PR - Engineer (General - ,)
SC - Engineer (General - ,)
SD - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
SD - Engineer (Technical - ,)
TN - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
TN - Engineer (General - ,)
TX - Engineer (General - ,)
UT - Engineer (General - ,)
VA - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
VA - Engineer (General - ,)
VT - Engineer (General - ,)
WA - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
WI - Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
WI - Engineer (General - ,)
WV - Engineer (General - ,)
WY - Engineer (General - ,)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
BOMI International - RPA, FMA and/or SMA (General)
Building Operator Certification - BOC - Certification (General)
Canada - Alberta Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Architect (AIBC) (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General - ,)
Canada - Prince Edward Island Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General - ,)
Canada - Quebec Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Architect (General - RV1728-2026)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
International Maintenance Institute - IMI - Certifications (CMT, CMP, CMM, CWWMT) (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)