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