COURSE OVERVIEW:

Welcome to the Asset Management in Building & Construction Projects course. This program is designed to provide you with a solid understanding of asset management principles as they apply to the building and construction sector. Effective asset management is essential for ensuring that physical and digital infrastructure delivers value throughout its lifecycle—from planning and acquisition to operation, maintenance, and final decommissioning.

The course begins by defining asset management within construction projects and explaining its relevance across all phases of project delivery. Participants will explore how integrated asset planning supports capital project outcomes, improves operational readiness, and contributes to long-term value for clients, facility managers, and end users. Emphasis is placed on aligning asset decisions with broader project and business objectives.

Understanding the types of assets involved in construction is critical for accurate planning and tracking. This section outlines the distinctions between fixed, moveable, and temporary assets commonly found on construction sites. Examples include plant and equipment, building infrastructure, ICT systems, and intangible assets such as software licenses. The categorisation of assets underpins subsequent planning, procurement, and maintenance strategies.

The asset lifecycle is central to effective management. This section maps the full sequence of asset-related stages—planning, acquisition, installation, operation, and disposal—demonstrating how each phase affects the next. Participants will learn to forecast asset needs, plan maintenance schedules, and factor long-term performance into early decision-making processes.

Developing a robust Asset Management Plan (AMP) is a cornerstone of the course. Participants will examine the structure and content of AMPs, including asset registers, risk assessments, and maintenance strategies. This section explores how AMPs align with client goals, budgets, and operational priorities, and how to coordinate the plan with design, procurement, and commissioning teams.

Asset identification and classification underpin accurate recordkeeping and performance monitoring. This section introduces asset coding systems, categorisation frameworks, and tagging technologies, such as Building Information Modelling (BIM). Participants will understand how structured data capture ensures consistency and supports future facilities management.

Asset acquisition and handover processes are explored in detail. This section focuses on verifying that purchased assets meet specification, warranty, and performance requirements. Participants will examine best practices for contractor-to-owner handover, including documentation of commissioning results and final inspections.

Maintaining a complete asset register is essential for compliance and operational efficiency. Participants will learn how to compile and update digital or physical registers containing essential data such as serial numbers, technical specifications, and commissioning dates. Audit-readiness and transparency are key themes throughout this section.

Commissioning ensures assets are operationally ready. This section provides practical guidance on functional testing of systems such as HVAC, lifts, and security, and on training end users and maintenance personnel to operate and care for assets safely and effectively.

Both preventive and reactive maintenance must be planned. This section explores how to schedule routine servicing, respond to unexpected faults, and document repairs and downtime. Participants will learn how to develop maintenance strategies that protect asset condition and ensure continuity of service.

Condition assessment and performance monitoring provide the basis for asset forecasting. Participants will learn to conduct inspections, assign condition ratings, and evaluate data to inform future repair, upgrade, or replacement decisions. Linking asset performance to KPIs ensures that management decisions are evidence-based.

Lifecycle costing supports informed capital investment. This section teaches how to estimate the total cost of ownership, plan for depreciation and renewal, and use lifecycle analysis to justify expenditure and reduce long-term financial risk.

Risk management is integral to asset reliability. This section explains how to identify and mitigate risks related to asset failure, including safety, operational, and financial consequences. Participants will apply risk matrices and continuity planning principles to protect asset functionality and business operations.

Regulatory compliance must be embedded in asset management practices. Participants will examine how to maintain fire safety systems, lifts, emergency lighting, and other regulated assets in accordance with WHS laws and Australian Standards. Recordkeeping for audit and insurance purposes is also emphasised.

Integration with facilities and property management ensures long-term success. This section explores how construction-phase asset data can be transitioned into Computerised Maintenance Management Systems (CMMS) and inform broader property lifecycle strategies. Interdepartmental collaboration between project and operations teams is highlighted as a success factor.

Technology is a key enabler of modern asset management. Participants will explore the use of BIM, QR coding, RFID tagging, and cloud-based databases for real-time tracking and automation. Secure, accessible, and up-to-date data storage supports efficient decision-making throughout the asset lifecycle.

Reporting and continuous improvement are addressed through the use of performance dashboards, cost analysis, and stakeholder feedback. Participants will learn how to extract insights from asset data, refine asset strategies, and implement best practices across future projects.

Finally, the course covers end-of-life planning for assets. This section outlines criteria for decommissioning, responsible disposal, salvage and recycling strategies, and documentation protocols for closure. Safe and compliant asset disposal ensures environmental and regulatory standards are met.

By the end of this course, you will be equipped with the knowledge and tools to manage construction assets from acquisition through to disposal—maximising performance, ensuring compliance, and supporting long-term value across building and infrastructure projects.

Each section is complemented with examples to illustrate the concepts and techniques discussed.

LEARNING OUTCOMES:

By the end of this course, you will be able to understand the following topics:

1. Introduction to Asset Management in Construction Projects

• Definition of asset management in the construction sector
• Role of asset management across the project lifecycle
• Benefits of integrated asset planning for capital projects

2. Types of Assets in Building & Construction

• Differentiating between fixed assets, moveable assets, and temporary site assets
• Examples: plant and equipment, infrastructure, buildings, ICT systems
• Tangible vs intangible assets and their relevance to construction

3. Asset Lifecycle Stages in Construction

• Planning and acquisition
• Construction, installation, and commissioning
• Operation, maintenance, refurbishment, and end-of-life disposal

4. Developing an Asset Management Plan (AMP)

• Key components of an AMP: asset register, maintenance strategies, risk management
• Aligning the plan with client goals, budget, and performance expectations
• Coordinating with design, procurement, and operational teams

5. Asset Identification and Classification Systems

• Assigning unique IDs, categories, and attributes to assets
• Using Building Information Modelling (BIM) for asset tagging and data capture
• Creating and maintaining a structured asset hierarchy

6. Asset Acquisition and Handover Processes

• Procuring assets in line with project specifications and warranties
• Documenting handover from contractors to asset owners or operators
• Validating asset compliance with commissioning checklists

7. Recording and Registering Project Assets

• Creating and maintaining a digital or physical asset register
• Including asset location, serial numbers, specifications, and installation dates
• Ensuring records are audit-ready and compliant with reporting requirements

8. Commissioning and Operational Readiness

• Verifying that assets function as designed prior to occupancy
• Testing systems and documenting results
• Training building operators and end users on asset use and care

9. Preventive and Reactive Maintenance Planning

• Establishing scheduled servicing requirements and checklists
• Defining roles for maintenance teams, suppliers, or service contractors
• Capturing fault response, repair actions, and downtime

10. Condition Assessment and Performance Monitoring

• Conducting routine inspections and condition ratings
• Using asset condition data to forecast repairs or replacements
• Measuring performance against predefined benchmarks or KPIs

11. Lifecycle Costing and Budget Forecasting

• Estimating whole-of-life costs from acquisition to disposal
• Budgeting for depreciation, upgrades, and replacements
• Justifying capital expenditures based on lifecycle analysis

12. Risk Management in Asset Operations

• Identifying operational and financial risks tied to asset failure
• Applying mitigation strategies and risk matrices
• Linking asset condition to business continuity and safety

13. Compliance and Regulatory Requirements

• Ensuring assets meet WHS regulations, codes, and environmental standards
• Maintaining certifications
• Managing documentation for audits or insurance

14. Integration with Facilities and Property Management

• Aligning construction asset data with long-term facilities management needs
• Using Computerised Maintenance Management Systems (CMMS) or CAFM tools
• Coordinating asset planning with property lifecycle strategies

15. Data and Digital Tools for Asset Management

• Using BIM, QR codes, RFID, and cloud-based databases
• Ensuring secure and accessible asset data storage
• Automating condition tracking and service notifications

16. Reporting, Analysis, and Continuous Improvement

• Generating reports for asset condition, performance, and cost
• Using feedback from operations to refine future asset planning
• Implementing lessons learned into standard asset processes

17. Disposal and Decommissioning of Assets

• Determining asset end-of-life criteria
• Managing safe removal, salvage, recycling, or disposal
• Documenting disposal actions for audit and compliance

COURSE DURATION:

The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.

COURSE REQUIREMENTS:

You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.

COURSE DELIVERY:

Purchase and download course content.

ASSESSMENT:

A simple 10-question true or false quiz with Unlimited Submission Attempts.

CERTIFICATION:

Upon course completion, you will receive a customised digital “Certificate of Completion”.