Maintenance Strategy for Plant and Equipment and Cost-Effective Implementation

The Maintenance Strategy for Plant and Equipment and Cost-Effective Implementation course has many objectives. These objectives are mentioned below:
• Understating some crucial topics in the domain of plant and equipment
• Comprehending the return on investment and how to maximize it using different strategies
• Apprehend the significance of some financial topics like profit, cost, and capital in terms of plant and equipment maintenance
• Grasping the assets healthcare building blocks of the thoughts
• Deeply understand the meaning of equipment failure, how it affects the organisation, and the strategies to handle it
• Apprehension of the degradation of the equipment and plant
• Effective ways, practices, tools, and techniques keep the maintenance cost low
• Conducting analysis of the failure and interpreting the results
• Managing the work effectively to reduce the cost and increase the efficiency of the resources
• Considering the easy option: their party contractors
• Understating all of the types of contracts and how these contracts can assist in reducing the maintenance cost
• Comprehend the KPIs
• Understating the lifecycle of the contracts and how to develop one
• Developing negotiation skills
Course Content
Important topics of the Maintenance Strategy for Plant and Equipment and Cost-Effective Implementation course are mentioned below:
Introduction to the Equipment and Plant Maintenance
• How’s of the plant and equipment failure
• Reasons for the equipment failure
• Plant: an exceptional case
Cost: Lifecycle of the Equipment
• What is reliability?
• Define maintenance
• Definition of asset management
• Important concepts: Profit, ROI, Cost, and Capital
• What is the healthcare model of assets?
Factors of the Cost and their Reasons
• The unforeseen cost: the real cost
• Standards of the asset performance
• Types of asset failure
• Reasons and impacts of each asset failure
An Effective Breakdown of the Asset Degradation Circle
• PM (Programmed Maintenance)
• Conditioned Intervals and unconditioned intervals: PM
• Implementation of the PM
Elimination of Defects: Minimising Cost
• Collection of failure data and its analysis
• Failure types: Chronic and Intermittent
• Analysis Pareto
• Quantification of the Losses during terms of life cycle
• Root cause analysis
Available Strategies
• Pre-emptive identification and eradication
• QA
• Predictive Maintenance
• Stand down overhaul
• Preventive Maintenance
• Some enhanced technologies
• Over-design selection: intentional
• Education and coaching
• Scheduling Maintenance
• Customization of strategies as per issues
Contracts and Outsourcing
• What is outsourcing and what to outsource?
• What is a contract?
• Why are contracts beneficial?
• Risks
Contract Types
• Full coverage
• Preventive
• Full labour
• Inspection
Basic Information about Contracts
• Parties
• Selection process: thing to consider
• Defining KPIs
Development of the Contract
• Management of the vendor
• Cycle of the contract
• Gathering an efficient team
• Determine the required services
• Contract writing
Negotiation
• Tips for negotiation
• Maintenance contract tips
• Risk-based maintenance: developing a contract
Winding up the Workshop
• Sharing some real-world examples
• Getting the hands dirty with real work: development of the contracts and customising the strategies

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        22nd – 25th Apr, 2025   

2ND BATCH:       4th – 7th Nov, 2025