Leadership, control, continuous improvement, quantum leaps
Maintenance strategy, managing change, maintenance tactics, MRO materials management, and performance measures
An approach to prioritizing opportunities for improvement
Six key steps to planning and scheduling resources effectively
Asset–centric continuous improvement and risk reduction
How to successfully implement an RCM program
What does this mean in maintenance?
What can we realistically achieve?
How do we get a committed focus on Maintenance and Asset Management?
Exercise - Case study – on an actual company looking to improve its business
The impact of Change Management on Asset Management Transformation
Why is Change Management important in Asset Mng. agreement effectiveness?
How have successful programs embraced Change effectively?
What key steps contribute to successful change?
Optimizing life cycle decisions Technology Trends and Asset Management
More than just Maintenance management systems
Getting the technology, process, and people mix right
Analysis of Component Failure Data
Probability Density Function
Multiply Censored Group Data
Estimating the Location Parameter, the Weibull Distribution
Checking the Goodness-of-Fit of the Distribution
Block Replacement Policies
Age-Based Replacement Policy
Setting Policies based on Safety Constraints, Cost Minimization, and Availability-Maximization
Estimating the Weibull Parameters
The role of the OREST Software Package
Emergency (insurance) spares
Reliability Improvement Through Inspection
Inspection Frequency and Depth for equipment in continuous operation
Inspection Intervals to Maximize Profit Maximizing Equipment Availability
Inspection intervals for equipment used in emergencies (e.G. Protective devices)
Case studies including transportation fleets (for inspection frequency) and oil and gas field equipment such as pressure safety valves (for protective devices)
Proportional Hazards Modeling
Spectroscopic Oil Analysis Programs
Optimization of Condition-Based Maintenance Procedures
Role of EXAKT software for CBM optimization
Case studies include the food procession industry (vibration monitoring), mining and shipping equipment such as diesel engines (oil analysis), transportation equipment such as traction motor bearings (visual inspection)
Definition of life cycle and its implications
Life cycle costs categories
Solving inter-departmental conflicts in asset replacement/ acquisition decisions
The size of the prize
Concept of the time value of money
Defining cash flow diagram Calculating Net
Present Value of a decision
Estimating the time value of money in practice
The trade-off between O & M costs and capital expenditures
Establishing the economic life of fixed equipment such as an internal combustion engine.
South American case study
Establishing the economic life of mobile equipment including fleet vehicles and forklift trucks
North American manufacturing case study
Establishing the economic life of the equipment that is highly utilized when new, and as it ages it is used for peak demands
North American transportation case studies
How to calculate the best time to replace the current asset with a more technologically improved asset – Turbo expander case study
Loader repair/replace case study-South America
Underground pipe case study-repair a leak or replace the pipe section-North American case studyPredicting future life cycle costs of a fleet
Case example: Based on a fleet of transformers of a major electricity distribution company in North America Carrying out LCC analysis when there are few (or no) data available
Establishing the economic life of linear assets such as steel mains of a major gas distribution company in North America
Estimating distribution of end of life of transformers based on experts’ opinions - from a limited data North American case study
AGE/CON for the optimization of the economic life of mobile equipment
PERDEC for the optimization of the economic life of plant equipment
Combustion engines, fleet vehicles, forklift trucks, a turbo expander, a loader repair/replace decision and a fleet of transformers. They represent real-world examples where companies saved hundreds of millions of dollars by applying LCC management principles.