An Intensive 5-day Training Course
Optimising Equipment Maintenance &
Replacement Decisions
Fitness for Service Analysis Approach
Course Introduction
Major world companies from the process and petrochemical industry have developed their maintenance practices based on the optimisation of predictive maintenance management system. This approach works well for both stationary and rotating equipment and includes continuous condition monitoring and the detailed inspection of vital elements of the equipment. The optimisation of the maintenance activities includes the spare parts handling, the selection of the right size and skill of maintenance crew with consideration of potential outsourcing i.e. subcontracting. Based on the collected data on reliability of the equipment in operation, Maintenance department can complete the Fitness for Service analysis based on which the decision can be made about 3Rs: Run, Repair or Replace, for the particular component of the equipment. Final decision regarding equipment replacement depends very much on the economic and safety aspect that must be taken into consideration.
This Optimising Equipment Maintenance & Replacement Decisions training course is intended to introduce the participant to the process of making decisions regarding equipment maintenance optimisation including equipment replacement. Various optimisation techniques will be presented and the optimisation criteria explained. This training course will include several workshops with case studies and real world problems to be solved. This will enable all participants to actively take part in the team work and classroom discussions.
This training course will feature:
- Main Types of Equipment Failure Mechanisms
- Maintenance Methodologies and Economic Aspects
- Spare Parts Handling and Storage Modeling
- Risk Assessment and Management
- Equipment Inspection and Fitness for Service Analysis
Objectives
By the end of this training course, the participants will be able to:
- Identify equipment failures, and the impact on plant reliability
- Understand the cost-effectiveness of Preventive / Predictive Maintenance program
- Apply techniques of optimisation of various maintenance activities
- Define criteria for work-crew size, spare parts and equipment replacement
- Make the important decision on the basis of the cost and benefit analysis
- Incorporate safety objectives to the equipment repair or replacement optimisation
Training Methodology
This Optimising Equipment Maintenance & Replacement Decisions training course will be conducted along workshop principles with formal lectures and interactive examples, which will result in the active participation of all delegates in discussions and teamwork of problem solving. There will be several class-workshops during which case studies and real life problems will be solved in team work. This will provide understanding of the problems and illustrate the efficient application of modern maintenance optimisation technologies. There will be ample opportunities for active, open discussions and sharing professional experiences on various industrial applications. All training course materials will be provided.
Organisational Impact
On completion of this Optimising Equipment Maintenance & Replacement Decisions training course, the delegates will be able to analyze the operation and maintenance of various stationary and rotating equipment installed within the organization and suggest potential improvement in maintenance procedure where required.
The knowledge gained in this training course will:
- Enable the delegates to optimize the operation and maintenance of various equipment
- Give the delegates skill to analyze efficiency of equipment maintenance techniques
- Enable measures to optimize maintenance for the given application
- Give better insight to the safety of equipment maintenance and replacement decisions
Personal Impact
- Improved confidence when solving problems of maintenance of various equipment
- Better understanding of how optimized maintenance impacts equipment reliability
- Better knowledge of equipment instrumentation regarding failure prevention
- Improved personal skills of analysis of spare part handling and optimization
- Better ability to troubleshoot difficult situations
Who Should Attend?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Operation, Technical Production & Service Professionals
- Technical Professionals responsible for maintenance and repair of equipment
- Professionals involved in inspection and reliability
- Technical Professionals dealing with risk assessment and integrity analysis
- Technicians dealing with regulating and metering and other measurements
Course Outline
Day One
Physical Asset Management & Failure Analysis
- Physical Asset Management
- Maintenance Management: Preventive / Predictive Approach
- Nature and Modes of Equipment Failure
- Failure Modes & Effect Analysis (FMEA)
- Analysis of Component Failure data using the Weibull Distribution
- Censored Data, the 3-Parameter Weibull, and the Kolmogorov-Smirnov Test
Day Two
Preventive Maintenance & Spare Parts Replacements
- Reliability and Availability Concept: MTBF & MTTR
- Reliability Improvement through Reduction of Downtime
- Maintenance Performance Quantification
- Preventive Maintenance & Spare Part Handling
- Spare Parts Provisioning: Prediction Models and Techniques
- Management of Change: In-Kind Spare Parts
Day Three
Equipment Inspection & Fitness for Service
- Condition Monitoring & Inspection
- Risk Based Inspection (RBI)
- Risk Matrix: Management and Mitigation Measures
- Reliability Improvement through Inspection
- Inspection Scope & Frequency
- Fitness For Service Analysis (FFS)
Day Four
Economics of Maintenance, Repair & Replacement
- Management of Maintenance Resources
- Effective Use of CMMS
- Maintenance Organization Analysis: Crew size
- Equipment Repair or Replacement Decision
- Economic Aspect of Maintenance Outsourcing: Subcontract
- Economic Aspect of Equipment Replacement
Day Five
Total Productive Maintenance & Safety
- Capital Investment in Equipment and Maintenance: ROI
- Total Productive Maintenance
- Safety in Maintenance Work
- KPI and OEE: Leading and Lagging Indicators
- Summary and Conclusions
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
