MRQ1507 | The Comprehensive Program on Reliability Maintenance Engineering

Start End Duration Venue Fees
13 Jan 2020 31 Jan 2020 3 Weeks Johor Bahru $11,000 Register
10 Feb 2020 28 Feb 2020 3 Weeks Bangkok $11,500 Register
08 Mar 2020 26 Mar 2020 3 Weeks Cairo $9,500 Register
06 Apr 2020 24 Apr 2020 3 Weeks Barcelona $11,500 Register
04 May 2020 22 May 2020 3 Weeks Jakarta $11,500 Register
01 Jun 2020 19 Jun 2020 3 Weeks Istanbul $11,000 Register
06 Jul 2020 24 Jul 2020 3 Weeks Kuala Lumpur $11,000 Register
03 Aug 2020 21 Aug 2020 3 Weeks London $11,500 Register
07 Sep 2020 25 Sep 2020 3 Weeks Beijing $13,000 Register
05 Oct 2020 23 Oct 2020 3 Weeks New York $14,000 Register
01 Nov 2020 19 Nov 2020 3 Weeks Dubai $10,500 Register
07 Dec 2020 25 Dec 2020 3 Weeks Bali $11,600 Register


PROGRAM'S BACKGROUND


This knowledge building program covering the use of Life Cycle Cost (LCC) analyses to communicate solutions to management and members of the financial community. LCC evaluates many alternatives to identify the alternative with the least total cost of ownership. Evaluations are based on the entire cost of ownership including design, procurement, installation, maintenance, repair, and disposal costs. LCC analyses are based on the concept of Net Present Value (NPV) and can be discrete or probabilistic in nature. Participants will learn how to put reliability engineering skills into financial accounting terms. Each attendee will also learn techniques to perform real world studies to evaluate the sensitivity of assumptions and uncertainties in the LCC model. Exercises are used to help the participants learn the concepts and the step by step process of a LCC analysis.

This program teaches the principles of improving asset management and maintenance decision using fundamental principles of Reliability Engineering. Attending this program will broaden ones technical ability to tackle asset reliability in a more effective manner using the many tools learned.

This program teaches the fundamentals of Reliability Centered Maintenance (RCM). The program is not process specific but gives the participant fundamental tools and knowledge required to participate in any RCM analysis process. The program will use life cycle cost analysis and an understanding of equipment failure characteristics to achieve an optimal maintenance program that meets specified safety, environmental, and economic goals. The program focuses on preserving equipment functions by identifying appropriate preventive maintenance (PM) tasks, predictive maintenance (PdM) tasks, failure finding tasks, and other actions that protect against failure or mitigate the consequences of failure.

PROGRAM'S OBJECTIVES


This Program’s Attendees Will Be More Able To Know About:

›       What Life Cycle Costing (LCC) is

›       The difference between standard costing and LCC

›       How to determine the entire cost of ownership

›       How to calculate net present value (NPV)

›       How to quantify reliability engineering activity into financial terms

›       How to perform real world LCC studies

›       How to present LCC data to management and the financial community

›       What is the LCC PHILOSOPHY?

›       The steps for performing a LCC analysis

›       The concepts of Net Present Value and Future Present Value

›       How to use LCC to make better asset acquisition decisions

›       To communicate the results of the LCC analysis

›       Recognize when a LCC analysis is warranted

›       Test the assumptions and uncertainties of the LCC analysis

›       Become familiar with financial concepts such as net savings, savings to investment ratio, adjusted internal rate of return, and discounted payback

›       Use LCC to evaluate the varying efficiency levels of competing designs

›       How to use LCC for value engineering to buy the right solution based on long term cost rather than the least cost solution today

›       How to apply reliability statistics to improve asset management

›       What is the Life Cycle Cost philosophy

›       The steps for performing a LCC analysis

›       The simple 5 Why method of failure investigation

›       Fundamentals of Event and Causal Factor Mapping for incidents and failures

›       Fundamentals of using Logic Trees to uncover the physical, human, and latent causes of failures

›       Fundamental RCM philosophies

›       Failure Modes and Effects Analysis for RCM

›       The difference between FMEA and FMECA

›       How to identify mechanical, electrical, and stationary failure modes using condition monitoring (PdM) technologies

›       How to identify the common traps of each PdM technology

›       Basics in the usage of Monte Carlo simulation in RCM and Availability analyses

›       Components of Human Factors Engineering in reliability

›       The important terms and definitions in reliability statistics

›       How to apply basic statistics in the maintenance environment

›       How to calculate Net Present Value (NPV)

›       The importance of RCM

›       Evaluating failure consequences

›       Fundamental Reliability Centered Maintenance (RCM) philosophies

›       How to evaluate failure consequences

›       How to select preventive maintenance tasks and intervals

›       How to select predictive maintenance tasks and intervals

›       How to select failure finding tasks and intervals

›       What other function protective actions are available

›       When run to failure is appropriate

›       How to package and implement RCM analysis results

›       Commercial RCM standards

›       Various approaches to RCM

›       Fundamental RCM philosophies

›       Identifying and allocating resources for a RCM program

›       Techniques for prioritizing systems for analysis

›       Use of Weibull and statistical analysis in RCM processes

›       Packaging and implementing RCM analysis results

›       Barriers to implementation and getting buy in from all levels 

PROGRAM'S ATTENDEES


›       Engineering and Technical Professionals and Supervisors from any industry

›       Maintenance Planners and Coordinators

›       Operations and Manufacturing Professionals and Supervisors

›       Foremen and Team leaders

›       Plant Engineers and Maintenance System Professionals

›       Section Engineers and Planners

›       Maintenance Managers

›       Reliability and Maintenance Engineers

›       Top level Maintenance Technicians

›       Production Managers

›       Production Supervisors

›       Plant Engineers

›       Maintenance Supervisors

›       Reliability and Maintenance Engineers

›       Maintenance Technicians

›       Operators

›       Plant Engineers

›       Anyone who is involved in operating and maintaining of assets

›       Craft, first line Supervisors, Engineers, Reliability and Maintenance Engineers, and Managers

›       Plant, equipment and reliability engineers, supervisors, and managers with little or no previous financial experience

›       Anyone who is involved in reliability engineering strategies or methodologies to include design engineers for capital projects

PROGRAM'S OUTLINE


Module I: Introduction to Life Cycle Costing

›       Introduction to the basics of finance in reliability

›       Balance sheet

›       Profit/loss statement

›       Cash flow statement

›       Depreciation

›       Ratios

›       Introduction to time value of money (TVM)

›       Net Present Value (NPV)

›       Future Present Value (FPV)

›       Return on Investment (ROI)

›       Internal Rate of Return (IRR)

›       Time value analysis & life cycle decision making

›       Plant equipment project analysis

›       Putting it all together

›       effects and treatments for taxes

›       Driving improvement with life cycle cost

Module II: Introduction to Reliability Engineering

›       Reliability Engineering fundamentals

›       Reliability statistics

›       Life Cycle Cost Analysis

›       Failure Modes and Effects and Consequence Analysis (FMECA)

›       Reliability Centered Maintenance (RCM)

›       Root Cause Analysis (RCA)

›       Weibull Analysis

›       RCM with Monte Carlo Simulation

›       Availability Simulation

›       Condition Monitoring

›       Human Factor Engineering

›       Reliability Centered Design (RCD)

›       Failure Reporting, Analysis and Corrective Action System (FRACAS)

Module III: Reliability Centered Maintenance (RCM)

›       Introduction to Reliability Centered Maintenance (RCM) concepts

›       RCM analysis preparation

›       Techniques for prioritizing systems for analysis

›       Failure Modes and Effect Consequence Analysis for RCM

›       Evaluating failure consequences

›       Statistics in RCM

›       Statistical principles used in RCM

›       Use of Weibull analysis in RCM processes

›       Selecting the right maintenance tasks for reliability

›       How to select preventive maintenance (PM) tasks and intervals

›       How to select predictive maintenance (PdM) tasks and intervals

›       How to select failure finding tasks and intervals

›       Other functional maintenance strategies

›       When Run to Failure is appropriate

›       Packaging and implementing RCM results

›       When to use a Subject Matter Expert team

›       Barriers to implementation and getting buy in from all levels

ADDITIONAL DETAILS




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Benefits to Organization

1. The candidates will become competent, effective and productive on their jobs. This training program is useful for:
        · Competency building where existing employee is promoted or planned to be promoted.
        · Technical knowledge, skills and competencies.
        · Needs and expectations of the stakeholders/ customers both internal and external.
        · Opportunities to exceed stakeholder/ customer expectations.
2. Create a pool of trained manpower that can cost-effectively spread the knowledge to large number of employees inside the organization.
3. Our facilitators often act as mentors for your trained employees and thus provide a most effective way to ensure effective competency development and application by your motivated staff.
4. We adopted a one-to-one approach that can provide more room for your employees to work at their own pace and address individual needs more freely.

Benefits to the Individuals

1. The candidates will gain a multi-discipline understanding of the subject matter.
2. Have an individual action plan to take away that will help the candidates make a difference in their organizations. This will add value to the expertise and experience of the candidates’.
3. Be more able to enhance job satisfaction and reduce wasted time and effort.
4. Ensure that the candidates will know and appreciate the strategic imperatives that drive the organization's efforts in their relevant job area.
5. Be more able to align your roles and job requirements with the organization’s mission and vision.
6. Be more able to meet your deadlines and tasks and successfully complete any scorecard in a timely fashion.

Additional Benefits

1. Good & best industry practices.
2. Checklist approach for ease of understanding and practical application.
3. Latest technologies including information technology, quality assurance and methodology.
4. Quality assurance and quality improvement incorporated in each program.
5. One-to-one approach and small groups will lead to learner-centered environment.
6. Experienced and qualified instructors both academically and in practice.
7. Customized programs to meet and suit individual training needs.
8. Letters of recommendation for the exceptional performers.

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