The current scenario of reduced commodity prices has brought equipment life-cycle costs into sharp focus. Maintainers now face the challenge of maintaining equipment safety, reliability, and availability while working with limited budgets. This Maintenance & Reliability training course aims to introduce practical tools and practices that organizations can adopt to effectively reduce their equipment life-cycle costs.

With lower revenues, it has become essential for organizations to explore practical approaches to drive down costs associated with equipment maintenance and reliability. This course equips participants with the necessary knowledge and skills to implement strategies that optimize equipment life-cycle costs without compromising safety, reliability, and availability. By adopting these practical approaches, organizations can navigate the financial constraints and achieve cost-effective maintenance and reliability management.

Course Objectives:

By the end of the course, participants will be able to:

· 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 analyze failure data to reduce repetitive failures

· Identify root causes of unanticipated failure costs

· Reduce resource costs through efficient work management practices

Who Should Attend?

Personnel who should attend are:

Planners
Supervisors
Engineers
Reliability engineers
Maintenance team leaders and managers
Operations team leaders and managers

Course Outlines:

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
Open discussion sessions

Cost Factors and Causes

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

Breaking the Cycle of Degradation and Costs

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

Cost Reduction through Defect Elimination

Failure of data collection and analysis
The impact of chronic failures versus intermittent failures
Focus improvement through Pareto analysis
Quantify losses in life cycle terms
The rigorous root cause analysis techniques
Discussion of software and templates to support analysis

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

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