course | Advanced Techniques in Equipment Life Cycle Management
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MRMC-1494 | Advanced Techniques in Equipment Life Cycle Management
Course Sector : Maintenance & Reliability Management
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-04-28 | 2025-05-02 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-09-15 | 2025-09-19 | Geneva | $5,950 | Book now |
| 5 Days | 2025-11-24 | 2025-11-28 | Abu Dhabi | $4,250 | Book now |
Course Introduction
Effective equipment life cycle management (ELCM) is critical for maximizing the value of assets, ensuring optimal performance, and reducing costs throughout the equipment's lifespan. Using advanced techniques, organizations can make informed decisions at each stage of the life cycle—from acquisition to disposal—helping to increase equipment reliability, extend its service life, and lower operating costs.
This training program will cover advanced strategies in ELCM, including life cycle costing, predictive maintenance, and sustainability. Participants will learn how to apply financial analysis, utilize predictive technologies, and implement continuous improvement strategies to enhance the management of equipment throughout its life. The course also emphasizes sustainability and environmental responsibility in ELCM, ensuring that participants are prepared for future trends and challenges.
Course objective
- Understand the key principles and stages of equipment life cycle management.
- Learn how to perform life cycle costing and financial analysis to support equipment decisions.
- Gain knowledge of predictive maintenance techniques and their impact on equipment life.
- Understand the environmental considerations in equipment life cycle management.
- Learn how to implement continuous improvement strategies to optimize equipment management.
Course Outline | 01 DAY ONE
Introduction to Equipment Life Cycle Management (ELCM)
- Understanding the concept of equipment life cycle management
- Key stages of the equipment life cycle: planning, acquisition, operation, and disposal
- Importance of managing equipment from acquisition to disposal
- Aligning equipment life cycle with organizational goals
- Roles and responsibilities in equipment life cycle management
- Challenges in managing equipment life cycles effectively
The relationship between ELCM and cost management
Course Outline | 02 DAY TWO
Life Cycle Costing and Financial Analysis
- Introduction to life cycle costing (LCC)
- Techniques for calculating life cycle costs
- Identifying and categorizing cost components (initial cost, operation, maintenance, disposal)
- Using financial analysis to assess equipment investments
- Evaluating return on investment (ROI) and total cost of ownership (TCO)
- Sensitivity analysis in life cycle costing
- Incorporating risk and uncertainty into financial analysis
Course Outline | 03 DAY THREE
Predictive Maintenance and Performance Optimization
- Overview of predictive maintenance (PdM) techniques
- How predictive maintenance extends equipment life
- Tools and technologies for predictive maintenance (IoT, AI, data analytics)
- Integrating PdM with the equipment life cycle
- Optimizing equipment performance through data analysis
- Predicting and preventing failures before they occur
Course Outline | 04 DAY FOUR
Sustainability and Environmental Considerations in ELCM
- The importance of sustainability in equipment life cycle management
- Environmental impacts of equipment acquisition, operation, and disposal
- Strategies for reducing the carbon footprint of equipment
- Recycling and reusing materials in the equipment life cycle
- Compliance with environmental regulations and standards
- Green technologies and their role in ELCM
- The financial benefits of sustainable equipment management
Course Outline | 05 DAY FIVE
Continuous Improvement and Advanced ELCM Strategies
- Importance of continuous improvement in ELCM
- Implementing continuous monitoring and feedback loops
- Leveraging technology for real-time equipment performance tracking
- Data-driven decision-making for equipment management
- Integrating equipment life cycle management with overall asset management
- Future trends in ELCM and the role of digital transformation
- Best practices for refining and improving ELCM strategies over time
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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