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Right-Sized Maintenance: How to Adopt World-Class Practices

February 28, 2019 | 10:00 am CST

This webinar will demonstrate the application of an Economic Performance Indicator (E1) to determine if your existing maintenance strategy is cost effective and competitive. Participants will learn how to measure the E1 Performance Metric. Calculating Maintenance Cost as a percentage of plant replacement asset value (RAV) is a first step for improving the cost of plant performance. Maintenance organizations may be perceived as either a burden or a competitive advantage. The objective of this discussion is to convey the importance of having a robust reliability strategy at a competitive cost of implementation and sustainment.

What We Cover:

  • The value of the E1 Performance Metric for optimizing / right sizing your maintenance strategy
  • Utilizing E1 within the annual budget process
  • Application for an asset lifecycle management roadmap

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Mark Wolfgram, GenesisSolutions

Mark Wolfgram is a PM and Senior Reliability Manager for GenesisSolutions, an ABS Group company, specializing in asset reliability and leveraging enterprise asset management (EAM) systems to make data-driven decisions. He has extensive knowledge of EAM processes and practices and has held positions in engineering, maintenance, operations, logistics and quality throughout a career spanning over 30 years. Wolfgram earned a BS in Mechanical Engineering from Purdue University and completed post-graduate studies in advanced vibrations and acoustics, statistical methods and business management. He is a member of the Society for Maintenance & Reliability Professionals (SMRP) and is a Certified Maintenance & Reliability Professional (CMRP).

Rheal Caron

Rheal Caron has 30 years of experience working in the Utilities and Independent Power Producer (IPP) industry. His experience includes due diligence for plant acquisitions and divestitures, major maintenance outages, alignment of acquired assets with corporate procedures, risk management, project management and NERC Compliance. Caron had held the roles of Power Plant Manager, Director of Operations, Director of Asset Management and more recently, Director of Power Advisory Services at ABS Group. He has worked as a Project Manager to implement an ISO 55000 based Asset Management Program and works closely with ABS Group ISO 55000 auditors.

About GenesisSolutions

For over a decade, Genesis Technology Solutions, Inc. (GenesisSolutions), the Asset Performance Management subsidiary of ABS Group, has been a market leader in asset reliability, asset maintenance and asset management. Our extensive team of enterprise asset management (EAM) and reliability professionals have created solutions for industrial customers throughout the world. Today, we are one of the largest, most capable global EAM service providers with a portfolio of hundreds of success stories across the Americas, Europe and Asia Pacific regions.

About ABS Group

ABS Group of Companies, Inc. (, through its operating subsidiaries, provides technical advisory and certification services to support the safety and reliability of high-performance assets and operations in the oil, gas and chemical, power generation, marine, offshore and government sectors, among others. Headquartered in Houston, Texas, ABS Group operates with more than 1,000 professionals globally. ABS Group is a subsidiary of ABS (, a leading marine and offshore classification society.

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