Introduction
Leading industrial organizations are moving away from reactive (“fix-it-when-it-breaks”) maintenance into predictive and preventive maintenance (“anticipating, planning, and fix-it-before-it-breaks”) as part of a life cycle focused Asset Management approach. Lower revenues due to lower commodity prices have placed equipment life-cycle costs under the management spotlight like never before. Maintainers are faced with the challenge to deliver the same levels of equipment safety, reliability and availability with smaller budgets.
This training course introduces participants to the skills and knowledge areas of essential advanced maintenance management technologies, reliability best practices, and practical tools to drive down equipment life-cycle costs in practical ways. It emphasizes the most effective strategies, policies, tactics and practices needed to ensure the reliability, integrity and durability of physical assets through their life-cycle to achieve maximum Return On Investment (ROI).
This comprehensive training course will highlight:
- Asset Management: a business-like approach of Maintenance Management
- Using KPI’s and the balanced scorecard to Measure Performance
- Assessing Asset Management maturity and determine the roadmap for improvement
- The business case for Asset Management improvement - cost / benefit thinking
- Understanding risk and an introduction to a Risk Based Maintenance approach
- Life Cycle Management with aspects like Systems Engineering and RAMS requirements
- Life Cycle Costing
- The latest concepts and techniques of Predictive and Smart Maintenance
- Financial Concepts of Costs, Capital, Profit and Return On Investment
- The Model for Asset Healthcare
- Cost Impact of Equipment Failure and Degradation
- Proactive Practices and Tools to Reduce Maintenance Costs
- Failure Analysis to Focus Cost Reduction Efforts
- Work Management to Improve Resource Efficiency
Objectives
By the end of this training course, participants will be able to:
- Understand the basic principles of Asset Management as a framework for managing and optimizing maintenance
- Identify common maintenance Key Performance Indicators (KPIs) and develop the maintenance department scorecard
- Assess the organizational Asset Management maturity and develop a roadmap for improvement
- Examine the organizational and managerial considerations for highly effective Risk Based Maintenance
- Understand Life Cycle Management and the way Systems Engineering and RAMS could support this
- Determine the Life Cycle Costs of an asset
- Demonstrate the latest concepts and techniques with regard to Predictive and Smart Maintenance
- Understand the concepts of costs, capital, profit and ROI
- Understand the cost impact of unanticipated failure
- Apply proactive policies to reduce future maintenance costs
- Structure and analyse failure data to reduce repetitive failures
- Identify root causes of unanticipated failure costs
- Reduce resource costs through efficient work management practices
Training Methodology
This training course will be conducted along interactive training principles, delivered by means of a combination of instructor-led topic areas and class discussions. There will be a variance of lectures, practical individual and group exercises, examples, and pre-loaded templates for delegates to use as a reference for further study, research, or practice. Experiences from different areas will be discussed, culminating in a group-wise maintenance assessment resulting in a jointly developed shortlist of improvement actions.
Organisational Impact
The organisation will gain an understanding of the sources of maintenance costs, focus its resources on events that contribute most to costs, gather and structure failure data in a meaningful way, and eliminate defects that are driving costs.
Personal Impact
Participants will understand behavior and events driving costs, how poor reliability impacts the cost equation, how to implement PM programs and root cause analysis to eliminate defects, and how to apply best practice work management.
Who should Attend?
This training course is suitable to a wide range of professionals involved in maintenance, reliability, engineering, and technical support, but will greatly benefit:
- All Professionals involved in Maintenance Management
- Professionals involved in Work Planning & Control
- Planners
- Supervisors
- Maintenance Supervisors
- Maintenance Engineers
- Reliability Engineers
- Maintenance Team Leaders and Managers
- Operations Team Leaders and Managers
The core definitions of asset management and financial value
- 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
- Asset Management as a Business Process
- Asset Management Landscape Model
- Strategy Framework
- Asset Management Roles on Strategic, Tactical and Operational Level
Assess organizational maturity and implement improvement roadmaps
- ISO 550000 – The International Standard on Asset Management
- Measuring Performance
- Leading & Lagging Indicators – KPI – Dashboards
- Assessments & Benchmarking against International Standards
- Asset Management Maturity Assessments
- Determine the Roadmap for Maintenance Improvement
- The Business Case for Asset Management Improvement – Cost / Benefit Thinking
- Implementation Aspects
Analyze the true cost of failure and apply risk-based principles
- The Real Cost of Unanticipated Failure
- Asset Performance Standards
- The Forms of Asset Failure and Degradation
- The Causes and Nature of Asset Failure and Degradation
- The Effects, Cost and Risks of Asset Degradation
- Not every failure is important - the basic principles of risk
- Risk on business level
- Risk matrix, risk register
Evaluate system behavior and optimize PM programs
- Risk on asset level
- Failure behaviour of systems
- Choosing the appropriate maintenance tasks for your assets with a Risk Based approach
- Programmed Maintenance
- Programmed Maintenance Intervals
- Condition-based Maintenance Intervals
- Implementing Optimised PM Programs
- Optimizing Spares to Support the Maintenance Program
Investigate failures and streamline work management practices
- Failure Data Collection and Analysis
- The Impact of Chronic Failures vs. Intermittent Failures
- Focus Improvement through Pareto Analysis
- Quantify losses in Life Cycle Terms
- Rigorous Root Cause Analysis Techniques
- Work Identification and Defect Reporting
- The Importance of Backlog
- Planning for Quality and Reliability
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider