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Overview

Today’s competitive global marketplace focuses on cost optimisation and productivity. Owners and investor require system and equipment to be maintained so as to maximise uptime and minimise operational costs. It is believed that maintenance is the cure for all life cycle cost management issues granted that some breakdowns are maintenance related. In most cases, a deeper investigation reveals a different case to be the better management and analysis of information in order to identify the less obvious opportunities for improvement in productivity and savings.

ISO 55000 on Asset Management Systems provides an effective mechanism to support asset life management. It starts with a best-practice design that consider environmental conditions; duty cycle; eliminating inherent reliability issues and defects; followed by the operator asset care and maintenance programme. Asset reliability and lifecycle cost require executive level leadership as well as commitment for all stakeholders.

This course is designed to bring these elements together to demonstrate the practical applications of asset management plans, equipment productivity and lifecycle cost analysis. It will also provide practical insight into best practice concepts about Maintenance and Reliability Management to improve the performance of machines with reference to relevant case studies to reflect on these key issues and its application to new and ageing assets.

Learning objectives

• Learn how to develop and maintain effective asset management plans to take control of asset life performance for physical asset of building and equipment
• Apply the most appropriate analysis and modelling methodologies to present life cycle forecasts, maintenance activity selection and optimal life determination with Discounted Cash flow and Net Present Value comparison
• Appreciation of the concept of Overall Equipment Effectiveness (OEE) and Life Cycle Costing (LCC) to improve current asset performance
• Understand the process of developing effective budget with a focus on reliability improvement of critical equipment

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FAQs

How can I contact the organiser with any questions?

Should you required further information regarding this event, please don't hesitate to contact us at slim@rics.org.

Reschedule or cancellation of event

Should the participant(s) be unable to attend, a substitute delegate is always welcome. Full substitution communicated in writing is allowed up to 72 hours before the event first commences and is only accepted after RICS's acknowledgment. Please note that there will be no refund or cancellation upon registration.

If you are residing outside the city or country where the event is held, kindly arrange your travel and accommodation only after receiving an email from RICS with further details nearer to event.

RICS reserves the right to cancel or reschedule the event at our discretion. We will do our best to email all attendees as soon as possible, should this occur. Should a reschedule or cancellation occur, RICS will not be responsible for any costs, damages or expenses (i.e. travel) etc. that you may suffer or incur.