Build the competence framework for technicians working on maintenance finance and asset life cycle.
Financial Management of Maintenance Work and Asset Life Cycle Assessment
Move maintenance finance and asset life cycle from general awareness to a repeatable, reviewable practice.
📍 Istanbul🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Reactive work on maintenance finance and asset life cycle costs several times what the same job costs when planned. The reliability of life cycle is decided at design and procurement, long before the first breakdown. The programme uses small-group work so that each participant's treatment of this aspect of engineering and maintenance work is examined, not just described. The course sets out a working method for maintenance finance and asset life cycle that participants can apply the week they return. Most organisations already have a policy on this strand of engineering and maintenance work; far fewer can show it working. Organisations that document life cycle properly resolve disputes about it far more quickly. Participants gain a clear basis for measuring what maintenance finance and asset life cycle has actually achieved. It is pitched for practitioners with responsibility for life cycle, not for observers of it. The course ends by identifying what the participant will stop doing to make the practice within engineering and maintenance work sustainable.
Expected Learning Outcomes
Define the spares holding for life cycle against lead time and consequence.
Define the scope and boundaries of maintenance finance and asset life cycle so that responsibility for it is unambiguous.
Recognise early indicators that life cycle is drifting away from its intended design.
Plan and schedule work on maintenance finance and asset life cycle to reduce unplanned downtime.
Integrate life cycle into existing management routines rather than running it separately.
Determine the failure modes of maintenance finance and asset life cycle and the consequence of each.
Who Should Attend
Anyone whose accountability for maintenance finance and asset life cycle exceeds their current formal training in it.
Safety officers reviewing hazards created by work on life cycle.
Plant and facility managers accountable for availability of maintenance finance and asset life cycle.
Inspection and integrity engineers assessing life cycle.
Training and development staff building internal capability in maintenance finance and asset life cycle.
Mechanical, electrical and instrumentation technicians working on life cycle.
Course Modules
Maintenance finance and asset life cycle: choosing the right maintenance strategy
2 sessions · 8 pointsSession 1The cost of maintenance finance and asset life cycle and how to present it
- Review the last twelve months of maintenance history for maintenance finance and asset life cycle.
- Assess energy loss attributable to the condition of life cycle.
- Define the trigger that would require maintenance finance and asset life cycle to be redesigned.
- Agree the smallest change to life cycle that would be visibly useful.
Session 2Inspection intervals for life cycle that are not just habit
- Confirm lubrication, alignment and balance standards applied to maintenance finance and asset life cycle.
- Test the procedure for life cycle against a realistic scenario.
- Arrange the handover of maintenance finance and asset life cycle so capability survives staff changes.
- Check that records of life cycle answer the questions likely to be asked.
Life cycle: history, documentation and competence
2 sessions · 8 pointsSession 1Keeping life cycle alive after the initial push
- Define the turnaround scope for maintenance finance and asset life cycle and freeze it before mobilisation.
- Assign responsibility for keeping documentation of life cycle current.
- Assign a criticality rating to maintenance finance and asset life cycle that drives work order priority.
- Collect evidence on the present handling of life cycle before proposing changes.
Session 2How life cycle actually fails, and how much warning you get
- Establish who is informed, consulted and accountable in maintenance finance and asset life cycle.
- Specify condition monitoring on life cycle that gives usable warning time.
- Confirm that contractual obligations around maintenance finance and asset life cycle are understood.
- Rank the weaknesses in life cycle by consequence rather than by ease of fixing.
Life cycle: safe isolation and permit control
2 sessions · 8 pointsSession 1Spares for life cycle: lead time against consequence
- Define acceptance criteria for completed work on maintenance finance and asset life cycle.
- Verify six months later that changes to life cycle have held.
- Investigate repeat failures on maintenance finance and asset life cycle to root cause, not to component.
- Estimate the resource life cycle requires to run as designed.
Session 2Controlling turnaround scope on maintenance finance and asset life cycle
- Write down the assumptions underpinning the approach to maintenance finance and asset life cycle.
- Set inspection intervals for life cycle from condition data where it exists.
- Anticipate the objections maintenance finance and asset life cycle will raise and prepare the answers.
- Estimate the true cost of one hour of unplanned downtime on life cycle.
Life cycle: inspection, testing and acceptance criteria
2 sessions · 8 pointsSession 1The hard cases in life cycle and how to reason about them
- Define acceptance criteria for maintenance finance and asset life cycle in advance.
- List the credible failure modes of life cycle and the consequence of each.
- Set the review interval for maintenance finance and asset life cycle and who attends.
- Record who is competent to work on life cycle and when requalification is due.
Session 2Keeping drawings for life cycle current after modification
- Update drawings and documentation after every modification to maintenance finance and asset life cycle.
- Choose the maintenance strategy for life cycle based on failure pattern, not tradition.
- Identify critical spares for maintenance finance and asset life cycle and confirm lead times against consequence.
- Confirm isolation and permit requirements before any work on life cycle.
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
Complete your registration
We will contact you within one business day to confirm.