MAINTENANCE STRATEGY DEVELOPMENT AND COST-EFFECTIVE IMPLEMENTATION

Objective:

• Understand the relationship between maintenance strategy, costs, capital investment, profitability, and return on investment (ROI)
• Assess the financial impact of unexpected equipment failures and asset degradation
• Develop proactive maintenance strategies to reduce long-term maintenance costs
• Analyze failure data to identify recurring problems and improve asset reliability
• Apply root cause analysis techniques to eliminate the causes of unexpected failures
• Improve resource utilization through effective work management practices
• Make informed decisions regarding maintenance outsourcing and contract management
• Understand the application of lean maintenance contracts and service level agreements (SLAs)
• Develop, negotiate, and manage effective maintenance contracts
• Monitor contractor performance and evaluate maintenance service delivery

Content:

Maintenance and Reliability Best Practices

• Introduction to equipment life-cycle cost management
• Understanding reliability, maintenance, and asset management concepts
• Exploring the relationship between costs, capital, profits, and return on investment
• Applying the asset healthcare model
• Identifying key areas of effective asset management
• Interactive discussions on maintenance strategy challenges

Cost Factors and Causes of Asset Failure

• Understanding the true cost of unanticipated equipment failure
• Defining asset performance standards
• Identifying different forms of asset failure and degradation
• Understanding the causes and characteristics of asset failure
• Assessing the impact, cost, and risks associated with asset degradation

Breaking the Cycle of Degradation and Maintenance Costs

• Implementing programmed maintenance strategies
• Determining effective programmed maintenance intervals
• Applying condition-based maintenance approaches
• Developing optimized preventive maintenance programmes
• Optimizing spare parts management to support maintenance effectiveness

Cost Reduction Through Defect Elimination

• Collecting and analyzing failure data
• Understanding the impact of chronic and intermittent failures
• Applying Pareto analysis for focused improvement initiatives
• Quantifying losses using life-cycle cost analysis
• Applying rigorous root cause analysis techniques
• Using software tools and templates to support failure analysis

Work Management: Converting Strategy into Practice

• Identifying maintenance work and reporting defects effectively
• Understanding the importance of maintenance backlog management
• Planning for quality and reliability outcomes
• Applying capacity planning techniques
• Scheduling maintenance activities for maximum efficiency
• Managing work logistics and preparation requirements
• Using checklists and quality control practices to improve work execution
• Reviewing implementation challenges and evaluating maintenance effectiveness

For Whom:

• Maintenance Managers and Engineers
• Reliability Engineers and Asset Management Professionals
• Plant Managers and Operations Managers
• Engineering and Technical Supervisors
• Facilities and Maintenance Planning Professionals
• Procurement and Contract Management Professionals involved in maintenance services
• Professionals responsible for improving asset reliability, maintenance performance, and cost efficiency