Short Course

Developing Whole-Of-Life Equipment Strategies

Overview

Repair or Replace? What is the economic life of your major assets? Will you have the capital funds when you need them? By creating whole-of-life Equipment Strategies through to detailed maintenance plans, you can have line-of-sight of your total cost of ownership.

Duration

1 Day

Location

Students have the option to choose between Blended Training (Partly delivered online) or Complete Face-to-Face Training delivered at one of Competency Training’s national training centres, or at a client’s facility.

Price

Contact us for pricing.

Course Outline

Repair or Replace? What is the economic life of your major assets? Will you have the capital funds when you need them? By creating whole-of-life Equipment Strategies through to detailed maintenance plans, you can have line-of-sight of your total cost of ownership.

WHO SHOULD ATTEND

Those involved in the selection or replacement of major assets, or those involved in establishing long-term maintenance budgets and plans.

Course Brochure

Outcomes

  • Principles of total cost of ownership
  • Zero-based budgeting (ZBB)
  • Estimated Economic Life of Assets / Capital Replacement
  • Forecasts
  • What makes equipment critical?
  • Defining equipment criticality in your organisation
  • The difference between criticality and risk
  • Reliability Centred Maintenance (RCM)
  • Risk Based Inspection (RBI)
  • Systems Configuration
  • Information Management
  • Developing Facility or Equipment Asset Management Plans
  • Developing Maintenance Plans
  • Developing Work Instructions

Prerequisites

This course builds on the fundamentals described in the course: ‘Implementing Asset Management – Creating a Strategic Asset Management Plan’ course, but is not a prerequisite.

Course Pathway Options

This course can be delivered at a client’s site, and practical activities can be customised to reflect the client’s own situation and requirements.

Please contact us for information and pricing on this option.

Need help finding the right course?

There is more than enough in the course content to make sure we walk away qualified.

Stuart Grant
(Cert IV Instrumentation Student)

There is more than enough in the course content to make sure we walk away qualified.

Stuart Grant
(Cert IV Instrumentation Student)

There is more than enough in the course content to make sure we walk away qualified.

Stuart Grant
(Cert IV Instrumentation Student)

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