Determine the failure modes of asset life cycle cost analysis and the consequence of each.
Building Life Cycle Cost Analysis Models for Industrial Assets
Learn to design, measure and defend your organisation's approach to asset life cycle cost analysis.
📍 Tunis🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Maintenance budgets are cut on asset life cycle cost analysis in good years and paid for in bad ones. Where maintenance history on cost analysis is incomplete, every decision becomes a guess. The programme takes participants through the wider engineering and maintenance work agenda end to end, from framing the problem to closing it out. The programme uses small-group work so that each participant's treatment of asset life cycle cost analysis is examined, not just described. The programme suits teams tackling this area of engineering and maintenance work together as readily as individuals attending alone. Across sectors, teams that rehearse cost analysis outperform teams that only plan it. Participants finish able to explain asset life cycle cost analysis to a non-specialist audience without losing precision. Moving cost analysis from written policy into daily practice is not achieved by a single decision. Work concludes with a self-assessment of the engineering and maintenance work discipline that participants can repeat annually.
Expected Learning Outcomes
Structure records of cost analysis so that they answer the questions an auditor will actually ask.
Test the organisation's response to asset life cycle cost analysis under conditions that are less than ideal.
Apply safe isolation, permit and lockout controls to work on cost analysis.
Manage contractors and shutdown scopes involving asset life cycle cost analysis.
Build the competence framework for technicians working on cost analysis.
Review contracts and agreements for the obligations they create around asset life cycle cost analysis.
Who Should Attend
Procurement and contracting staff whose agreements set obligations around asset life cycle cost analysis.
Project engineers commissioning assets involved in cost analysis.
Turnaround and shutdown coordinators planning asset life cycle cost analysis.
Coordinators responsible for keeping records and documentation of cost analysis current.
Maintenance managers and planners responsible for asset life cycle cost analysis.
Finance staff assessing maintenance and replacement spend on cost analysis.
Course Modules
Asset life cycle cost analysis: inspection, testing and acceptance criteria
2 sessions · 8 pointsSession 1What condition data on asset life cycle cost analysis is telling you early
- Review whether asset life cycle cost analysis is aligned with the objectives of the asset base.
- Write down the assumptions underpinning the approach to cost analysis.
- Define acceptance criteria for completed work on asset life cycle cost analysis.
- Set maintenance indicators for cost analysis that reward planning rather than heroics.
Session 2Maintenance indicators for cost analysis that change behaviour
- Investigate repeat failures on asset life cycle cost analysis to root cause, not to component.
- Build the life cycle cost model supporting repair or replace on cost analysis.
- Estimate the true cost of one hour of unplanned downtime on asset life cycle cost analysis.
- Set inspection intervals for cost analysis from condition data where it exists.
Cost analysis: history, documentation and competence
2 sessions · 8 pointsSession 1Moving cost analysis from approval to execution
- Confirm that reporting on asset life cycle cost analysis reaches the people who can act.
- Set out the decisions in cost analysis that require sign-off and by whom.
- Establish what evidence demonstrates asset life cycle cost analysis is under control.
- Benchmark the organisation's cost analysis against comparable operations.
Session 2Choosing a maintenance strategy for cost analysis on evidence
- Identify single points of dependency in asset life cycle cost analysis and reduce them.
- Assign a criticality rating to cost analysis that drives work order priority.
- Review the last twelve months of maintenance history for asset life cycle cost analysis.
- Assess energy loss attributable to the condition of cost analysis.
Cost analysis: turnarounds, contractors and scope control
2 sessions · 8 pointsSession 1Spares for cost analysis: lead time against consequence
- Rank the weaknesses in asset life cycle cost analysis by consequence rather than by ease of fixing.
- Collect evidence on the present handling of cost analysis before proposing changes.
- Identify critical spares for asset life cycle cost analysis and confirm lead times against consequence.
- Update drawings and documentation after every modification to cost analysis.
Session 2Where asset life cycle cost analysis typically breaks, and why
- Agree the smallest change to asset life cycle cost analysis that would be visibly useful.
- Remove steps in cost analysis that add effort without adding assurance.
- Verify contractor competence and method statements for asset life cycle cost analysis.
- Set out how exceptions to cost analysis are requested and approved.
Cost analysis: safe isolation and permit control
2 sessions · 8 pointsSession 1Inspection intervals for cost analysis that are not just habit
- Assign responsibility for keeping documentation of asset life cycle cost analysis current.
- Check that records of cost analysis answer the questions likely to be asked.
- Calculate the ratio of planned to reactive work on asset life cycle cost analysis.
- List the credible failure modes of cost analysis and the consequence of each.
Session 2Comparing cost analysis with recognised practice
- Choose the maintenance strategy for asset life cycle cost analysis based on failure pattern, not tradition.
- Define the turnaround scope for cost analysis and freeze it before mobilisation.
- Arrange the handover of asset life cycle cost analysis so capability survives staff changes.
- Confirm that contractual obligations around cost analysis are understood.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
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