EA Technology’s Power Skills Centre has joined forces with Liverpool John Moores University to develop a specialised master’s degree in asset management for the energy industry.

The new MSc in Power Asset Management combines EA Technology’s experience in delivering technical consultancy with the university’s academic background. This balance of disciplines ensures engineers not only understand the technical details of power asset management but also gain experience of how these concepts work in the day to day management of operational power assets.

By combining engineering and mathematical analyses with sound business practice and economic theory, the course will help engineers maximise performance, optimise the value and productive life of capital assets, and make best use of capital and operational expenditure.

As a discipline, asset management is capable of delivering increasingly effective and measurable returns. These results are generating increased employer demand for a wide range of asset management skills and competences. Growing international acceptance of PAS 55 as the industry standard for quality asset management systems is also driving this demand across energy, infrastructure, processing and industrial sectors.

This course will help to bridge the growing skills gap and enable employers and their engineers to understand the PAS 55 framework and deliver excellence in asset management to improve capital asset performance and achieve greater cost efficiency.

Reflecting current academic thinking and the latest industry practice, this asset management qualification is predominantly aimed at working engineers and can be taken by students in flexible modular stages.

It is offered with a target award of Postgraduate Certificate (PG Cert – 60 credits), Postgraduate Diploma (PG Dip – 120 credits) or Master of Science (MSc – 180 credits). For added flexibility, the modules that make up the PG Cert, PG Dip and MSc can also be offered as individual short courses without examination or academic award.

Each element of the course covers a range of key asset management principles and core power engineering practices to help delegates understand, develop and be capable of introducing and managing power asset management strategies and policies.