Measuring Maintenance Performance & Life Cycle Cost in Saudi Arabia

Measuring Maintenance Performance & Life Cycle Cost

15-17 April 2018, Al-Khobar – Saudi Arabia

Measuring Maintenance Performance & Life Cycle Cost - Saudi

Introduction:

Cost Effective Maintenance Management is an advanced maintenance management course that builds on the concepts introduced maintenance management courses such as Maintenance Work Planning and Control.

Cost Effective Maintenance Management introduces delegates to concepts and techniques that can help to lift the maintenance performance and the contribution of maintenance to business performance to a higher level.

In particular, this course introduces delegates to techniques to drive improvements to maintenance performance through more disciplined approaches to management and workflow control processes, reliability improvement and optimization of preventive maintenance, better capital decision making and life cycle management, the use of effective performance measures and decision making, and the implementation of effective logistics support for maintenance.

Cost Effective Maintenance Management introduces delegates to concepts and techniques that can help to lift the maintenance performance and the contribution of maintenance to business performance to a higher level.

Life cycle costs are the summation of project/equipment costs from inception to disposal with consideration for the time cost of money. Finding costs requires knowledge of the life and death of equipment. The training course uses life models developed with reliability engineering principles. The objective of life cycle cost analysis is to choose the most cost effective alternative from a series of approaches so the least long-term cost of ownership is obtained. Decisions are made between alternatives using net present value concepts. The course shows how to merge engineering and financial details for cost-effective, long-term, decisions.

Measuring Maintenance Performance & Life Cycle Cost:

More than ever, professionals in all types of businesses, public or private, are realizing that what gets measured gets done and what gets done well gets rewarded. This course aims at providing participants with the science of translating input and output to outcome. Through a series of case studies and workshops, the course helps participants learn and apply the fundamentals behind developing robust key performance indicators (KPIs) in all functions across all levels.

Numerous case studies and statistics have shown that achievement of strategic and operational goals have a much greater level of success when these goals are measured with the right KPIs. These KPIs will ensure that progress is measured towards the goal and will check to see if the goal is effectively achieved.

In this course participants will discover the world of KPIs, their types, uses and how they relate to each aspect of the business. They will master the step-by-step approach to developing the right KPIs and the proper dashboards or scorecards needed for monitoring and reporting these KPIs to their line managers.

Benefits of Attending:

By the end of Measuring Maintenance Performance & Life Cycle Cost course, participants will be able to:

  • Proactive management practices to improve the effectiveness of their maintenance management system
  • Reliability and risk based approaches to optimize preventive maintenance and improve reliability
  • Developing and implementing total life cycle asset management strategies
  • Developing and implementing an enhanced performance measurement scorecard and link this to more effective decision making in maintenance
  • Optimizing the maintenance logistics support functions
  • Design the performance measurement system using acquired knowledge in KPIs, their role, types and uses
  • Analyze and develop the most important KPIs relevant to stakeholders and customers
  • Analyze and develop the most important KPIs to drive internal quality and productivity
  • Effectively manage the KPI measurement process in all phases
  • Employ tools to ensure the success of the KPI implementation project

Course Outlines:

  • Introduction to Cost Effective Maintenance Management Reliability Based Maintenance
  • Key Performance Indicators and Benchmarking
  • Optimizing Equipment Life Cycle Decisions
  • Supply Chain and Spare Parts Management
  • The Diverse World of KPIs
  • Selecting “Mission Critical” Outcome KPIs
  • Selecting “Mission Critical” Enabler KPIs
  • Succeeding in the KPI Implementation Project
  • Managing the KPI Measurement Process
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