Optimizing Equipment Maintenance
and Replacement Decisions

Why Choose this Online Training Course?

Major world companies in 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 intensive 3-day on-line course is intended to introduce the participant to the process of making decisions regarding equipment maintenance optimisation including equipment repair and replacement. Various optimisation techniques will be presented and the optimisation criteria explained in detail. The course will include several practical examples and workshop exercises to emphasize the key learning points.