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AN EVALUATION OF MANAGEMENT STRATEGIES TO MINIMIZE ASSET LIFE CYCLE COST

AN EVALUATION OF MANAGEMENT STRATEGIES TO MINIMIZE ASSET LIFE CYCLE COST. Capstone – ISE 8105. CAPSTONE – ISE 8105. THE PROBLEM Equipment and infrastructure assets, both public and private, are expected to operate at higher performance levels than ever before.

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AN EVALUATION OF MANAGEMENT STRATEGIES TO MINIMIZE ASSET LIFE CYCLE COST

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  1. AN EVALUATION OF MANAGEMENT STRATEGIES TO MINIMIZE ASSET LIFE CYCLE COST Capstone – ISE 8105

  2. CAPSTONE – ISE 8105 THE PROBLEM • Equipment and infrastructure assets, both public and private, are expected to operate at higher performance levels than ever before. • Equipment and infrastructure assets, both public and private, have to operate at lower cost than ever before. • Not all management strategies will get you the success the owners or taxpayers expects.

  3. CAPSTONE – ISE 8105 WHY IS IT IMPORTANT? • Owners of assets have high expectations for their assets. • Owners expect maximum functionality with minimum cost. • To stay in business, private companies have to maximize production time and minimize equipment life cycle cost. • To meet the needs of unruly taxpayers and limited budgets, managers of public assets have to maximize functionality and minimize asset life cycle costs.

  4. CAPSTONE – ISE 8105 AUDIENCE • Any person responsible for the management of public or private assets.

  5. CAPSTONE – ISE 8105 WHAT NEEDS TO BE DONE • Compile good data • Develop charts, graphs and illustrations • Develop definitions

  6. CAPSTONE – ISE 8105 Condition Based Maintenance Proactive Maintenance (Prevent Failure) Predictive Maintenance Well Written PM Maintenance Poorly Written PM Maintenance Breakdown Maintenance

  7. CAPSTONE – ISE 8105

  8. CAPSTONE – ISE 8105 Breakdown Maintenance

  9. CAPSTONE – ISE 8105 Unnecessary Work Proactive vs. Traditional Source: HSBT Technologies

  10. CAPSTONE – ISE 8105 Unnecessary Work Proactive vs. Traditional My focus Source: HSBT Technologies

  11. CAPSTONE – ISE 8105 DIFFICULTIES • Getting good equipment maintenance cost data.

  12. CAPSTONE – ISE 8105 HOPES Soar like an eagle

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