Early equipment management

Summary

Ensure the very best assets are acquired to meet business needs and to maximise profit.

The aim of this course is to provide the awareness and understanding of best practice early equipment management (which is a key pillar within Total Productive Maintenance) necessary to ensure that capital assets are specified, designed, procured, installed and operated to give the best return on investment to the business.

This course addresses all aspects of capital machinery and equipment acquisition project stages with a focus on ensuring that operational and maintenance experience and lessons learned are incorporated into their design and manufacture whether they are new or replacement applications.

Practical examples, guidelines and checklists will be provided as part of the course documentation.

Who should attend?

Engineering, projects, maintenance and asset managers or aspiring managers involved in the initiation, justification, purchase, project management and operation of industrial assets across a wide range of sectors.

How will I benefit?

After the course you will be able to:

• Understand the asset management life cycle and the important role of EEM
• Understand asset life cycle costing and how to apply this to capital acquisitions
• Develop a policy and procedures to integrate EEM best practice into your capital projects route map
• Ensure that machinery and equipment specifications incorporate all of the necessary requirements for best practice asset acquisition, operation and maintenance
• Recognise the organisational and cultural issues that need to be addressed in order to implement optimised capital acquisitions
• Lead and inspire your team to integrate EEM principles and practices into your project and operational approach

Key topics

• Asset acquisition and asset management and its crucial role in supporting company profitability
• Justifying capital projects using capacity analysis and condition appraisal tools
• Life cycle costing models applied to industrial assets
• Early equipment management origins, principles and benefits
• Capital project and project cost optimisation
• Machinery design for reliability, maintainability and sustained performance
• The capital project route map, key project stages and EEM inputs at each stage
• Supplier management – dealing with OEMs, specifications, selection, contractual relationships, risks and acceptance criteria
• Delivering successful EEM based capital projects and measuring business benefits

Meet our trainers

These trainers regularly teach Early equipment management.