ICOMS 2011 WORKSHOPS
The Workshops are a “Hands-On” day for Asset Managers to sharpen their skills, to focus on critical, professional competence and to benchmark through a full day of workshops and networking.
Each workshop is presented by a renowned asset manager and offers an opportunity to hone your skills in an interactive group of limited size.
Workshops will run 9.00am to 4.30pm on the last day of the conference. Notes and other necessary material will be provided by the Workshop leader.
The following workshops and training intensives are scheduled for Friday 20 May, 2011:
Integrated Asset Management Using SAP
Presented by Hemant Rathod, Johann Schachtner, Brindusa Radulescu and Hanneke Raap, SAP
Increased cost and non-compliance as a result of poor maintenance management present a major risk to organizations. Organizations commit substantial resources to review these risks and plans for its mitigation. Planning corrective measures to avoid or reduce impact of these operational risks can be a challenging and daunting task. These risks can be reduced through the identification of various root causes and follow standardized processes to manage the risks across life cycle of the assets.
In this two part workshop we will review solutions offered by SAP to manage safe, efficient and reliable assets. The workshop will also give a view on how improved analytical solutions from SAP can help monitor asset performance and provide visibility with regards to process compliance. Practical application will be demonstrated by presenting selected use cases.
Part 1: Managing safety, operational risk and compliance using SAP solution
The session will give an overview of operational risk management using harmonized set of solutions from SAP. It will give a perspective on how to manage and reduce risks that arise in the course of daily operations, improve safety and confirm compliance with focus on :
- Enterprise Safety and Risk Management
- How to move from Risk Assessment to a Pro-Active Risk Management Approach
- How to increase safety performance of the company’s operations, while increasing operational reliability.
- Integrate Compliance of Safety management Processes utilizing SAP GRC and SAP Audit Management
- How to set up processes to review effective usage of standards across the organization
Part 2: Solution for managing performance of assets
High performance, as it relates to assets, is achieved when safety and performance are managed together across an asset’s life cycle, This is a multi- dimensional challenge. Technology is a key enabler. SAP provides the functionality and technology platform to improve asset performance. Capable asset analytics and performance management is a key to drive high performing assets.
Maintenance improvement Initiatives, like any other initiative, is subjected to more aggressive return on investment (ROI) hurdles. Asset analytics and performance management initiatives, if executed properly, are capable of delivering rapid payback.
In this session will focus on the following:
- Modern trends in analytics
- The business case for asset analytics and performance management
- Framework for Reliability, Availability, Maintainability and Safety
Asset Management Plans
Instructor: Gary Winsor
This training intensive will:
- Identify what content should be addressed by a typical Asset Management Plan
- Identify the benefits able to be realised by a properly constructed Asset Management Plan
- Develop the benefits of adopting and implementing efficient Asset Management Plans
- Assist participants initiate the development of Asset Management Plans in their enterprise
The AM Council’s definition of asset management is – “The life cycle management of physical assets to achieve the stated outputs of the enterprise.”
As a result, an Asset Management Plan (AMP) should directly support the requirements of the Business Plan. The content of the AMP should both articulate the required asset outputs and support the achievement of those outputs. The AMP does this through the development & delivery of an effective management approach supported by effective processes.
This asset management planning training intensive is suitable for:
- All business activity types including mining, Defence, oil and gas, power generation and transmission, state and local government and chemical industry
- Any person who wishes to realise the benefits from the effective use of assets within their organisation.
Life Cycle Costing (LCC) Management
Instructor: Dr Ali Zuashkiani, University of Toronto, School of Continuing Studies
Engineering Organizations adopting Life Cycle Costing are rapidly increasing in number, as more of them recognize its role in making optimal long-term decisions. The idea of “buying the cheapest” is losing its appeal as more managers realize that, in the long run, the cheapest acquisition costs rarely coincide with the least expensive buy. This session combines Life Cycle Costing decisions with many real-world examples in an interactive and hands-on forum. It will help those responsible for LCC-related decisions to learn when to buy a new asset, how to determine the best time to replace an existing asset, and how to forecast the future life cycle costs of their fixed and mobile machinery and equipment.
The application of the models discussed in the workshop will be demonstrated by means of real case studies. We will introduce software packages called AGE/CON (for mobile equipment replacement decisions) and PERDEC (for fixed capital equipment decisions) and demonstrate how to use them to solve LCC problems. We will also display a software package that can be used to predict future operation and maintenance costs.
Life cycle costing management and why it is important
- Definition of life cycle and its implications
- Life cycle costs categories
- Solving inter-departmental conflicts in asset replacement/acquisition decisions
- The size of the prize
Choosing the best buy in the long term
- The concept of the time value of money
- Defining cash flow diagram
- Calculating net present value of a decision
- Estimating the time value of money in practice
Calculating the economic life of an asset
- The trade-off between O & M costs and capital expenditures: establishing the economic life of fixed equipment such as an internal combustion engine
- South American case study: establishing the economic life of mobile equipment, including fleet vehicles and fork lift trucks
- North American case study: establishing the economic life of manufacturing equipment that is highly utilized when new, but used for peak demands as it ages
- North American case studies: transportation
- Turbo expander case study: how to calculate the best time to replace the current asset with a more technologically-improved asset Repairing an existing asset versus buying a new one
- South American case study: repair or replace a loader
- North American case study: repair a leak or replace the damaged section of an underground pipe
Predicting future life cycle costs of a fleet
- North American case study: a fleet of transformers of a major electricity distribution company
Carrying out LCC analysis when there is limited (or no) data available
- North American case study: establishing the economic life of linear assets such as the steel mains of a major gas distribution company
- North American case study: estimating the distribution of end of life of transformers based on experts’ opinions
The case studies referred to above include internal combustion engines, fleet vehicles, forklift trucks, a turbo expander, a loader repair-or-replace decision and a fleet of transformers. They represent real-world examples where companies saved hundreds of millions of dollars by applying LCC management principles.
Clinic
- AGE/CON software for the optimization of the economic life of mobile equipment
- PERDEC software for the optimization of the economic life of plant equipment
Engineering Spare Parts – managing risk and cost
Presented by Jagdish Shinde, Oniqua Pty Ltd
This one day workshop covers the fundamental elements of managing spare parts inventory from a cost and risk perspective. The workshop highlights the expectations of key stakeholders (maintenance, supply and finance) and, through practical examples, provides a sustainable process to achieve the best business outcome. The process takes into account stakeholder objectives for:
- initial holding estimates; and
- changes over time due to aging plant and re-supply performance.
The workshop provides the delegate with an appreciation of the business issues and practical solutions to manage the issues. The workshop covers the following key areas:
- Master Data and its importance
- Economic spare parts holdings based upon asset risk and resupply performance (cost & time)
- Spare parts profiling
- Optimizing working capital – how many spares should be held
- Measuring resupply performance – both cost and risk
- Systematic processes to ensure sustained results
- Some best practice techniques that are used by 8 of the top 10 mining companies.
Key points are supported with exercises that provide the delegate with an appreciation of how to calculate initial spare parts holdings and understand the influences likely to impact the model over time and how to manage these influences.
For information, please contact the Secretariat on 03 9819 2515 or training@amcouncil.com.au