Equipment Life-cycle Cost Introduction

• Definitions of reliability, maintenance & asset management
• The concept of costs, capital, profits and return on investment
• The ‘Asset Healthcare Model’
• Key areas of asset management

Cost Factors and Causes

• The real cost of unanticipated failure
• Asset performance standards
• The forms of asset failure and degradation
• The effects, cost and risks of asset degradation

Breaking the Cycle of Degradation and Costs

• Programmed maintenance
• Programmed maintenance intervals
• Condition-based maintenance intervals
• Implementing optimised PM programs
• Optimizing spares to support the maintenance program

Cost Reduction through Defect Elimination

• Failure data collection and analysis
• The impact of chronic failures versus intermittent failures
• Focus improvement through Pareto analysis
• Quantify losses in life cycle terms

Work Management converts Strategy to Practice

• Work identification and defect reporting
• The importance of backlog
• Planning for quality and reliability
• Capacity planning
• Scheduling for efficiency
• Work logistics and preparation
• Checklists and practical aspects work quality control

Maintenance Contracts

• Maintenance contract types
• The tendering process
• Choosing the right contractor
• Costing the service
• Defining Key Performance Indicators
• Use of Balanced Scorecard with performance contracts

FOR WHOM: Maintenance Planner/Schedulers, Production Supervisors, Storeroom Managers, Maintenance Managers, Operation Coordinators, Maintenance Supervisors, Plant Engineers and Other professionals who are in charge in maintenance management