Exam Preparation
PAMPhysical Asset Management
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English
Advanced
FACE 2 FACE
ON SITE TRAINING
LIVE VIRTUAL
TRAINING
COACHING
& MENTORING
SELF-PACED
TRAINING
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Course Overview
Physical Asset Management can reduce maintenance costs, increase the economic life of capital equipment, reduce company liability, increase the reliability of systems and components, and reduce the number of repairs to systems and components. When properly executed, it can have a significant impact on an organization’s bottom line. This fiveday program has been designed to help managers care for their assets efficiently and effectively through sound and timely decision-making. This certificate program gives participants the tools and methodologies necessary to achieve maintenance excellence in your organization.
Key Takeaways
1
Assessing your organization’s asset management maturity level, setting goals, analyzing gap, and develop road map to close the gap
2
Developing right and optimum maintenance, reliability, and asset management strategies most suitable for your organization
3
Learn how to manage and optimize your spare parts costs
4
Calculate economic life of your expensive assets
5
Find the right inspection and PM intervals for your critical equipment
C-More
The Centre for Maintenance Optimization and Reliability Engineering is directed by Professor Andrew K. S. Jardine, the internationally recognized maintenance optimization expert, within the Department of Mechanical and Industrial Engineering at the University of Toronto. C-MORE’s research is driven by close interactions with industry, in particular with C-MORE consortium members and with researchers at universities worldwide. Our focus is on real-world research in engineering asset management in the areas of condition based maintenance, spares management, protective devices, maintenance and repair contracts, and failure-finding intervals. These strong industry connections not only benefit the companies we work with, but also our graduate students, who find work in the maintenance divisions of industry leaders after graduation. We apply our research with prototype software tools that obtain valuable information from data in corporate databases. Two of these tools are now commercially available through the Ontario-based C-MORE spinoff company OMDEC, and through Ivara an industry leader and innovator in asset reliability solutions. C-MORE is also the driving force behind IMEC: The Asset Management Conference, which brings together leaders in the global maintenance field. For information about the conference, you can visit our site, or view Maintenance Technology’s article about the conference. C-MORE welcomes maintenance professionals as visitors and collaborators.
Course Outline
Session 1: Leadership and control, managing risk and reliability
Maintenance pyramid of excellence overview:
→ Leadership, control, continuous improvement, quantum leaps
→ Maintenance strategy, managing change, maintenance tactics, MRO materials management and performance measures
→ Maintenance strategy, managing change, maintenance tactics, MRO materials management and performance measures
Assessing an organization’s current Maintenance Maturity
→ An approach to prioritizing opportunities for improvement
→ Six key steps to planning and scheduling resources effectively
→ Planning exercise
→ Six key steps to planning and scheduling resources effectively
→ Planning exercise
Reliability-centered maintenance and failure modes and effects analysis
>→ Asset – centric continuous improvement and risk reduction
→ How to successfully implement an RCM program
→ How to successfully implement an RCM program
Strategic cost reduction
→ What does this really mean in maintenance?
→ What can we realistically achieve?
→ How do we get a committed focus on Maintenance and Asset Management?
→ What can we realistically achieve?
→ How do we get a committed focus on Maintenance and Asset Management?
Session 2
How to approach an organization looking to improve their Asset Management performance
Exercise - Case study – on an actual company looking to improve its business
The impact of Change Management in Asset Management transformation
→ Why is Change Management important in Asset Mng. agreement effectiveness?
→ How have successful programs embraced Change effectively?
→ What key steps contribute to successful change?
→ How have successful programs embraced Change effectively?
→ What key steps contribute to successful change?
Introduction to decision-making optimization and its applications:
>→ Optimizing life cycle decisions Technology Trends and Asset Management
→ More than just Maintenance management systems
→ More than just Maintenance management systems
A strategic approach to achieving maintenance excellence:
→ Getting the technology, process and people mix right
Session 3: Reliability improvement through preventive maintenance and optimal spares sticking policies
Analysis of Component Failure Data
→ Probability Density Function
→ Reliability Function
→ Hazard Function
→ Weibull Density
→ Infant Mortality
→ Bath-Tub Curve
→ Reliability Function
→ Hazard Function
→ Weibull Density
→ Infant Mortality
→ Bath-Tub Curve
Dealing with Censored Data, the 3-Parameter Weibull, and the Kolomorgov-Smirnov Test
→ Upper-End Censoring
→ Multiply Censored Group Data
→ Estimating the Location Parameter the Weibull Distribution
→ Checking the Goodness-of-Fit of the Distribution
→ Multiply Censored Group Data
→ Estimating the Location Parameter the Weibull Distribution
→ Checking the Goodness-of-Fit of the Distribution
Component Replacement Procedures including Glasser’s Graph
→ Block Replacement Policies
→ Age-Based Replacement Policy
→ Setting Policies based on Safety Constraints, Cost Minimization
→ and Availability-Maximization
→ Repairable systems
→ Age-Based Replacement Policy
→ Setting Policies based on Safety Constraints, Cost Minimization
→ and Availability-Maximization
→ Repairable systems
Exercise in Analyzing Component Failure Data Using the Weibull Distribution:
→ Estimating the Weibull Parameters
→ The role of the OREST software Package
→ The role of the OREST software Package
Spare parts provisioning
→ Fast moving spares
→ Emergency (insurance) spares
Case studies in spares provisioning Including line replaceable units (LRUs), cylinder heads, repairable electric motors and transformers.
Group and individual exercises: Clinic Hands-On Use of PC Software (OREST) for Preventive Replacement Strategies. Participants will solve preset problems.
→ Emergency (insurance) spares
Case studies in spares provisioning Including line replaceable units (LRUs), cylinder heads, repairable electric motors and transformers.
Group and individual exercises: Clinic Hands-On Use of PC Software (OREST) for Preventive Replacement Strategies. Participants will solve preset problems.
Session 4: Reliability improvement through predictive maintenance
Reliability Improvement Through Inspection
→ Inspection Frequency and Depth for equipment in continuous operation
→ Inspection Intervals to Maximize Profit Maximizing Equipment Availability
→ Inspection intervals for equipment used in emergency situations (e.G. Protective devices)
Case studies including transportation fleets (for inspection frequency) oil and gas field equipment such as pressure safely valves (for protective devices)
→ Inspection Intervals to Maximize Profit Maximizing Equipment Availability
→ Inspection intervals for equipment used in emergency situations (e.G. Protective devices)
Case studies including transportation fleets (for inspection frequency) oil and gas field equipment such as pressure safely valves (for protective devices)
Reliability Improvement Through Health-Monitoring Procedures
→ Proportional Hazards Modeling
→ Spectroscopic Oil Analysis Programs
→ Optimization of Condition-Based Maintenance Procedures
→ Role of EXAKT software for CBM optimiztion
Case studies including food procession industry (vibration monitoring), mining and shipping equipment such as diesel engines (oil analysis), transportation equipment such as traction motor bearings (visual inspection)
→ Demonstration of EXAKT software for optimizing condition-based maintenance decisions.
→ Spectroscopic Oil Analysis Programs
→ Optimization of Condition-Based Maintenance Procedures
→ Role of EXAKT software for CBM optimiztion
Case studies including food procession industry (vibration monitoring), mining and shipping equipment such as diesel engines (oil analysis), transportation equipment such as traction motor bearings (visual inspection)
→ Demonstration of EXAKT software for optimizing condition-based maintenance decisions.
Session 5
Life Cycle Costing (LCC) management
Organizations adopting Life Cycle Costing are rapidly increasing in number, as more of them recognize its role in making longterm optimal 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 section 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 learn when to buy a new asset, how to determine the best time to replace an existing one, and how to forecast the future life cycle costs of their fixed and mobile machinery and equipment. The applications 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.
Life Cycle Costing (LCC) 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
→ Life cycle costs categories
→ Solving inter-departmental conflicts in asset replacement/acquisition decisions
→ The size of the prize
Choosing the best buy in long term
→ Concept of time value of money
→ Defining cash flow diagram Calculating Net
→ Present Value of a decision
→ Estimating time value of money in practice
→ Defining cash flow diagram Calculating Net
→ Present Value of a decision
→ Estimating time value of money in practice
Calculating the economic life of an asset
→ 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 manufacturing case study
→ Establishing the economic life of equipment that is highly utilized when new, and as it ages it is used for peak demands
North American transportation case studies
How to calculate the best time to replace the current asset with a more technologically improved asset - Turbo expander case study
→ 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 manufacturing case study
→ Establishing the economic life of equipment that is highly utilized when new, and as it ages it is used for peak demands
North American transportation case studies
How to calculate the best time to replace the current asset with a more technologically improved asset - Turbo expander case study
Repairing an existing asset vs. buying a new one
→ Loader repair/replace case study-South America
Underground pipe case studyrepair a leak or replace the pipe section-North American case study
Underground pipe case studyrepair a leak or replace the pipe section-North American case study
Predicting future life cycle costs of a fleet
Case example: Based on a fleet of transformers of a major electricity distribution company in North America Carrying out LCC analysis when there are few (or no) data available
→ Establishing the economic life of linear assets such as steel mains of a major gas distribution company in North America
Estimating distribution of end of life of transformers based on experts’ opinions - from a limited data-North American case study
The case studies
Combustion engines, fleet vehicles,fork lift trucks, a turbo expander, a loader repair/replace decision and a fleet of transformers. They represent real-world examples where companies saved hundreds of millions of dollars through applying LCC management principles.
→ Establishing the economic life of linear assets such as steel mains of a major gas distribution company in North America
Estimating distribution of end of life of transformers based on experts’ opinions - from a limited data-North American case study
The case studies
Combustion engines, fleet vehicles,fork lift trucks, a turbo expander, a loader repair/replace decision and a fleet of transformers. They represent real-world examples where companies saved hundreds of millions of dollars through applying LCC management principles.
Software Clinic
→ AGE/CON for the optimization of the economic life of mobile equipment
→ PERDEC for the optimization of the economic life of plant equipment
→ PERDEC for the optimization of the economic life of plant equipment
Who Should Attend?
This highly practical and interactive course has been specifically designed for
Director of Engineering
Asset Manager
Physical Asset Manager
Asset Integrity Manager
Maintenance Manager
Facility Manager
Reliability Engineer
Operations Manager
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
