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AN EVALUATION OF MANAGEMENT STRATEGIES TO MINIMIZE ASSET LIFE CYCLE COST

This capstone project focuses on analyzing management strategies to lower life cycle costs for public and private assets, meeting high performance expectations at minimal expenses. Learn about maintenance techniques and data-driven approaches for optimal asset management.

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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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