Maintenance can be an expensive function, but badly planned and poorly performed maintenance can incur significantly greater costs to an organization. Recent years have seen an increasing pressure to “reduce the cost of maintenance”, but this pressure frequently generates a push toward fixed cost reductions without sufficient consideration of the consequences on plant performance, production costs, asset life, and even HSE. Some initiatives achieve short-term fixed cost reductions but cause longer-term issues, such as poor reliability, that have a far greater adverse impact on bottom-line profits. Also, the majority of fixed cost reduction programs fail to achieve sustainable benefits, yet another sign that achieving cost-effective maintenance is far more difficult than anticipated.
This course is based on established best practices from best-in-class companies and leading consultants. We have developed best practice models and frameworks to bring structure and guidance to this challenge. The complex maintenance functions will be broken down into smaller components so that these can be analyzed, explained, and understood more easily.
The maintenance cost and value model used for this course have been applied by leading companies and consultants with its achievements recognized as best practice. This course will help participants understand the total impact maintenance can have on an organization, identify the key elements and value of cost-effective maintenance for their plants and build improvement programs to both reduce costs and improve performance.
At the end of this course, the participants will be able to:
Understand the definition and principles of cost-effective maintenance
Calculate the total cost of maintenance for their production plant
Build a strategy and business case to eliminate waste and develop lower maintenance costs without losing reliability
Use the model of excellence for optimizing fixed costs of maintenance
Explain the fundamentals of cost-effective safety and legislative compliance
Help focus reliability efforts in a cost-effective way
Develop an approach to integrate cost reduction with reliability and safety improvement
Maintenance Managers and Supervisors
Planners
Schedulers
Reliability Engineers
Project Managers
Project Engineers
Operations Managers
Shift Managers
Operations Supervisors