| Objective |
To introduce participants to the fundamental concepts of Total Life Cycle Planning. |
| Benefits |
An increased understanding of the financial benefits to be gained through Total Life Cycle Planning. |
| Who Should Attend? |
Managers, Supervisors, Planners, Maintainers, Operators and any other personnel who are involved in the maintenance, operation and ownership of assets. |
| Course Outline |
On completion of this course it is expected that participants will have an understanding of the requirements for the implementation of a successful Total Life Cycle Planning Strategy.
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WELCOME AND INTRODUCTION
Welcome and introductions
Course overview
Icebreaker
Course objectives
Basic Glossary of Terms
WHAT IS TOTAL LIFE CYCLE PLANNING
Overview
Definitions
FACTORS IMPACTING ON ASSET LIFE CYCLE
Asset Life Cycle
Cost of Procurement
Cost of Utilising the Asset
Cost of Asset Disposal
LIFE CYCLE COST ESTIMATING
The calculation
The contribution of maintenance to life cycle costs
RELIABILITY, AVAILABILITY & MAINTAINABILITY THEORY
Definitions
Calculations
Reliability Block Diagrams
DEVELOPING THE ASSET MANAGEMENT PLAN
Overview
Methodology
System Capability Analysis
Developing the plant hierarchy
Criticality Analysis
Strategy Development
LIFE CYCLE COSTING & ECONOMIC EVALUATION
Establishing the LCC
Economic Evaluation
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