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MT0209 Dec - 13 DecDubai$4750Register

This course is ideal in learning tools and techniques to assess Technical Viability in Maintenance Projects and Engineering. It also covers aspects of Project Development and the Sensible Alternative and practically illustrates on how to perform Technical Feasibility Analysis.

Who Should Attend?

Personnel who can attend this course are:

  • Design engineers
  • Plant engineers
  • Maintenance engineers
  • Project engineers
  • Supervisors and managers in the chemical processing, manufacturing, petrochemical, power, pulp, mining, paper industries

Course Objectives:

This training programme will enable the delegates to understand the basic fundamental principles, economic tools, and technical analysis to make them execute the fit for purpose project solutions that are economical and technical sound.

Course Outline:

Introduction and Definition: Technical Viability and the Project Definition

Overview of Maintenance Projects and Engineering

  • Introduction and overview of Engineering projects: engineering systems, news, expansions/additions, revamps
  • Overview and introduction of maintenance projects: Alteration, repair, shutdown, improvements and replacements

An Overview: Key Project Premises

  • Scope and the Definition: Design basis
  • Specific requirements and drivers
  • Key success factors and the deliverables
  • Constraints and resources: Overview
  • Project Life Cycle considerations of a project life cycle: business focused facilities and the costs

An Overview of Project Development And the Sensible Alternative

  • The Preparation Guidelines of a project development plan (PDP)
  • Alternatives of a conceptual design
  • Overview: Preliminary cost estimates for the alternatives

Feasibility Analysis: The key issues

  • Understanding Technical analysis: Technical viability
  • The basics of Economic analysis: The aspects of financial viability, risk, and ROI
  • Overview: Environmental analysis: Overview of mitigation, impact, due diligence, costs/measures, and restoration
  • The concept of Life cycle management: Defined as value management
    • The concept of replacement or renewal interval
    • Servicing cost: Overview
    • Understanding the Failure consequence
    • The spare part and the equipment redundancy
    • Understanding the Maintenance strategy
    • Energy efficiency: Overview
    • Mitigation measures and the risk analysis: Levels and types of the associated risks with the projects of risk associated with the project

Feasibility Analysis: Technical

  • Validation and the technology maturity
  • The concept of Compliance with standards, applicable regulations, and codes
  • The Concept of Regulatory approvals: The resources and lead time
  • The considerations of a risk: continuous technical support, and obsolescence
  • Fitness for service: Overview
  • The concept of Constructability; Maintainability, and operability

The Guidelines and the key essential principles For Successful Projects

  • Project success: The best practices
  • Project failures: The common causes
  • Project Anatomy: The Case Study
  • The concept of Capturing key learnings Adjournment

The Economic Evaluation and the project costs

Estimation of a project cost

  • Accuracy and estimates types
    • The concept of Preliminary estimates
    • Definitive estimates: Overview
  • Methods of estimation
  • Economic indicators and the cost indices
  • Indirect and the direct costs
  • Understanding the costs of a life cycle and the level of uncertainty in project life cycle
  • Contingency: Definition and overview
  • The Economic Interpretation of engineering work: Concept and Overview

Costs and the equipment sizing: Overview

  • Methods of sizing and the basic equipment design
  • The concept of Preliminary sizing: The thumb rules
  • Practices, procedures, and the policies of procurement
  • Practices, procedures and the policies of spare parts

Economic Evaluation Analysis: The Objectives

  • The Overview and Definitions
  • Engineering economic decisions: The Typical categories and types
  • The Process selection and the equipment
  • The Overview of Equipment replacement
  • Cost reduction: Introduction and Overview
  • Service improvement: The concept

The Time Value Of Money And The Discount Rate: The fundamental principles

  • Calculation of discounted cash flow (DCF): Introduction and definition
  • Components of a project cash flow
  • The time-value considerations and the concept of discounting
  • Differences between cash flow and the other profitability measures
  • The inflation issues and the capital cost
  • The techniques and best practices for capital budgeting
  • The computing time-value of money: The Essential methods
    • The algebraic method
    • Overview: The financial table method

The Ranking Methods and the economic evaluation

  • The economic evaluation: The basic fundamental concepts
  • Evaluation methods of economic evaluation: – Dynamic and static
    • The concept of Simple Payback
    • Introduction and Overview: Benefit cost ratio (BCR)
    • The Overview: Net present value (NPV)
    • The Overview: Internal rate of return (IRR)
  • Profitability index (PI): The concept
  • The Maintenance savings and the capital equivalent of energy
  • Methods of ranking investment

The Capital Project: The justification, and the economic evaluation – The Case study

The concept of Adjournment

Maintenance Projects: The evaluation and types

Strategies and the maintenance methods

Maintenance Projects: The types

  • Understanding Complete turnarounds: frequency and extent
  • The Overview of Opportunistic minor turnarounds
  • Specialized repair methods: Overview
  • The improvement opportunities and replacement in kind
  • The Application and frequency of the specialized inspection projects

Maintenance Projects: The Technical evaluation

  • The special requirements and the key essential features
    • The importance of maintainability and schedule – the least downtime or the optimum cost
    • Human resources availability
    • Considerations for constructability
  • Definition and Introduction: Fitness-for-service assessments (FFS)
    • FFS basics
    • Understanding replace/repair/run decisions
  • The methods and the alternative repair strategies
    • The overview of Temporary repairs
    • The overview of Permanent repairs
    • The procedures and the alternative repair technologies
  • The concept of Regulatory Approvals
    • Lead time: Introduction
    • Requirements of specific approval

Change management

  • Change management: The basic fundamentals
  • Understanding the Effect of maintenance projects on reliability, and the mechanical integrity
  • The standards requirements, codes and regulatory: An overview

Maintenance Projects: The economic evaluation of maintenance projects

Maintenance Project Evaluation – The Case Study

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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