Technical / Reliability, Maintenance, Integrity & Inspection Engineering

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Asset Lifecycle & Lifecycle Cost Management

TR141

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The current economic climate focused on productivity and cost cutting which has followed our recent boom time has resulted in a unique situation.

There are significant amounts of new assets still being deployed, together with pressures to extend the life of ageing equipment. This has sparked a renewed interest in productivity and operational readiness initiatives based on a more thorough assessment of equipment health and integrity.

  • Learn how to develop and maintain effective asset management plans to take control of asset life events
  • Apply the most appropriate analysis and modelling methodologies to present life cycle forecasts, maintenance activity selection and optimal life determination
  • Master the process of developing effective zero based budgets, focused on reliability improvement of critical equipment
  • Ability to align the focus to be applied to new assets in support of operational readiness as opposed to ageing assets
  • Realize the importance of master data to support life cycle management and continual improvement

The course is ideally suited to enable asset owners, asset management and maintenance practitioners, engineering and reliability professionals, business planners and analysts.

  • Introduction to asset management and asset life cycle management
  • Life Cycle Management
  • Life cycle definition and application
  • Life-cycle cost modelling and simulation
  • Condition assessments and asset life progression
  • Optimal life determination principles and modelling
  • Life cycle management supporting operational readiness
  • Life-cycle focus applied to ageing assets
  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

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