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Reliability Engineering Certification Program

Learn Asset Management Strategies at KU's Metro KC Campus

Risk-Based Asset Management

8:30 a.m.–4:30 p.m. • June 13–15, 2017 • BEST Building Room 325 • Overland Park, Kan.


**This course is part of the KU Reliability Engineering Certification program, but can be taken by anyone interested in preserving asset reliability and managing risk.

Explore how to improve asset availability and meet reliability goals by applying a risk-based approach to asset maintenance and operations. In the Risk-Based Asset Management (RBAM®) course, you practice how to prioritize reliability efforts on critical equipment and failures that impact your operation. RBAM incorporates reliability-centered maintenance (RCM) principles and continuous improvement practices like PDCA to position your program for decreased downtime, lower maintenance expenditures, and an acceptable total cost of ownership.

During the course, participants classify and analyze assets and failures to rank equipment criticality and draft a risk plan. Next, learners build a failure mode and effects analysis (FMEA) to define control strategies and populate an equipment maintenance plan. Group activities in the class include examining how life cycle cost influences investment and choosing key performance indicators to manage a reliability program. Specific emphasis will be placed on the resources needed to create an asset management plan—a risk, maintenance and asset operations plan—that can manage the entire life cycle of an asset.

Download the KU Risk-Based Asset Management Course Information PDF.

This course will cover all of the roles defined in the Institute for Asset Management (IAM) Competencies Framework—Policy Development, Strategy Development, Asset Management Planning, Implement Asset Management Plans, Asset Management Capability Development, Risk Management and Performance Improvement, and Asset Knowledge Management. Specific emphasis will be placed on implementation, risk, performance improvement, and knowledge management.

This program is designed to advance these IAM course objectives:
IAM Course Objective B5 – Implementing Asset Management Plan
IAM Course Objective B6 – Assessing Asset Management Risk and Performance

Course Information

Course Objectives
  • Draft components of an asset management plan: risk and maintenance plan
  • Describe what an asset management organization needs to know to manage risk and improve performance
  • Describe the four phases in a risk-based asset management model
  • List ways to extend the life of assets and evaluate their effectiveness
  • Use a failure mode and effects analysis (FMEA) to analyze risks and map control strategies to failure modes
  • Describe how audits, reviews and key performance indicators drive continuous improvement
  • Practice applying a standard process for preventive maintenance optimization
  • Select the optimal strategy for renewal or disposal based on asset management strategy
Who Should Attend

This is ideal for people responsible for the design, installation, commissioning, operation and maintenance of capital assets and auxiliary equipment. This includes project engineers, reliability engineers, maintenance managers, operations managers, and engineering technicians.

Location & Lodging

University of Kansas Edwards Campus BEST Building
12600 Quivira Road
Overland Park, KS 66213

A campus map and directions are available here. Free parking is available to visitors and students. See the campus map to view the parking lots.

The Kansas City International Airport (MCI) airport is 37 miles (60 km) from the University of Kansas Edwards Campus. Ground transportation information can be found on the airport website, flykci.com. Quicksilver Airport Shuttle, SuperShuttle, and 5 Guys Transportation are reputable vendors serving Overland Park, Kansas.

We have a special agreement with the DoubleTree by Hilton, Kansas City–Overland Park for a special rate, which includes:

  • Govt. per diem rate of $106 per night
  • Complimentary high-speed Internet access
  • Complimentary breakfast buffet in their Trofi Restaurant

Click to book, or call 913-451-6100 or 800-222-8733 and inform the team member you would like to book under the E.P.A. special rate with either:

    a. Code = P88
    b. ID: 0560066665

Please visit the Overland Park Convention and Visitors Bureau website for a listing of other area hotels.

Registration & Fees

The course fee of $1,495 includes comprehensive active learning manual, morning and afternoon refreshments, and lunch. All students completing a class will receive a certificate of completion from the University of Kansas awarding 2.1 CEUs.

How to Register

Register Online
Payment expected at time of registration.
Register by Mail or Fax
Download and mail the registration form to:
The University of Kansas
Professional & Continuing Education
Registration Center
1515 Saint Andrews Drive
Lawrence, KS 66047-1619 or
Fax the form to:
Download a PDF Form
Register by Phone
Call (785) 864-5823 or toll free (877) 404-5823
Register by TDD
General Policy Details

Privacy Policy

KU Professional & Continuing Education does not share, sell, or rent its mailing lists. You have our assurance that any information you provide will be held in confidence by KUPCE.

We occasionally use mailing lists that we have leased. If you receive unwanted communication from KUPCE, it is because your name appears on a list we have acquired from another source. In this case, please accept our apologies.


Refund & Cancellation Policy

A full refund of registration fees, less a $30 administrative fee, will be available if requested in writing at kupce@ku.edu and received by May 30, 2017. No refunds will be made after that date. A $30 fee also will be charged for returned checks. (Please note that if you fail to cancel by the deadline and do not attend, you are still responsible for payment.) KUPCE reserves the right to cancel the "Risk-Based Asset Management" course and return all fees in the event of insufficient registration. The liability of the University of Kansas is limited to the registration fee. The University of Kansas will not be responsible for any losses incurred by registrants, including but not limited to airline cancellation charges or hotel deposits.


Nondiscrimination Policy

The University of Kansas prohibits discrimination on the basis of race, color, ethnicity, religion, sex, national origin, age, ancestry, disability, status as a veteran, sexual orientation, marital status, parental status, gender identity, gender expression and genetic information in the University’s programs and activities. The following person has been designated to handle inquiries regarding the non-discrimination policies: Director of the Office of Institutional Opportunity and Access, IOA@ku.edu, 1246 W. Campus Road, Room 153A, Lawrence, KS, 66045, (785)864-6414, 711 TTY.


Program Accessibility

We accommodate persons with disabilities. Please call 785-864-5823 or mark the space on the registration form, and a KU Professional and Continuing Education representative will contact you to discuss your needs. To ensure accommodation, please register at least two weeks before the start of the conference. See the nondiscrimination policy above.


Life Cycle Institute Reliability Engineering Certificate logo

Reliability Engineering Certification logo

RT @KUunion : Welcome to those attending the #IASSIST17 Conference this week! Glad to have you here. @KUContinuingEd @iassistdata

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