DEVELOPING WHOLE-OF-LIFE EQUIPMENT STRATEGIES
Course 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.
Dates
Contact us for availability and bookings.
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.
Downloads
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.
Downloads
LIFE CYCLE COSTING (LCC) / LIFE CYCLE PLANNING (LCP)
Principles of total cost of ownership
Zero-based budgeting (ZBB)
Estimated Economic Life of Assets / Capital Replacement
Forecasts
CRITICALITY ANALYSIS AND IDENTIFYING CRITICAL ASSETS
What makes equipment critical?
Defining equipment criticality in your organisation
The difference between criticality and risk
TOOLS FOR IDENTIFYING AND MANAGING WHOLE- OF-LIFE EQUIPMENT STRATEGIES
Reliability Centred Maintenance (RCM)
Risk Based Inspection (RBI)
Systems Configuration
Information Management
DEVELOPING ASSET MANAGEMENT PLANS
Developing Facility or Equipment Asset Management Plans
Developing Maintenance Plans
Developing Work Instructions
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.