A highly interactive training course on

Decision Analysis for Operation & Maintenance Professionals

Coventry Academy -  Decision Analysis for Operation & Maintenance Professionals
5
Days

Course Schedules

 Istanbul
 25-29 Mar 2024
 $5,950
 London
 01-05 Jul 2024
 $5,950
 Dubai
 14-18 Oct 2024
 $5,950
 London
 03-07 Feb 2025
 $5,950

Training course overview

This Coventry Academy training course examines techniques for decision analysis with emphasis on prioritisation and the decision making process to be carried out by Operation, Maintenance and Safety Professionals. Decision-making is the most central human activity, intrinsic in our biology and done both consciously and unconsciously. We need it to survive. Taking a decision is not just a question of selecting the best alternative since there are many traps in decision making, which cause people to be biased and inconsistent. In this Coventry Academy training course, we learn how to set priorities and perform what-if analysis for improving decisions in the fields of operation, maintenance and safety. It is a hands-on experience as we get to use powerful software for decision making which is also user-friendly.

What are the goals?

By attending this Coventry Academy training course, delegates will be able to:

  • Improve Productivity Through Use of Better, Timelier Information
  • Understand How World-Class Organisations Solve Common Asset Management Problems
  • Optimise Planning and Scheduling Resources, Carry Out Optimised Failure Analyses
  • Optimise Asset Management Budgets By Avoidance of Unplanned Equipment Failures in Service
  • Develop a Practical Approach of an Action Plan to Utilise These Technologies in Their Own Areas of Responsibility
  • Learn From Failures By Using Decision and Root Cause Analysis of Major Disasters

Who is this training course for?

This Coventry Academy training course is suitable to a wide range of technical professionals but will greatly benefit:

  • Operation, Maintenance and Safety Professionals
  • Reliability Engineers
  • Key Operations Supervisors
  • Internal Improvement Consultants

Course Outline

Day One: Introduction to Decision Making
  • Scope and significance of decisions
  • The Decision making process
  • The concept of best practice through learning from worst practice
  • Introduction to reliability and Weibull analysis
  • Case Studies and Group Exercises
Day Two: Implementing Multiple Criteria Decision Analysis using the Analytic Hierarchy Process (AHP)
  • Definition of Decision Analysis
  • How, and Why, Bad Decisions are Made
  • Guidelines for Good Decision Analysis
  • What is AHP?
  • Benefit/Cost Analysis
  • Resources Allocation
Day Three: Risk Management through Failure Mode & Effect Analysis (FMEA)
  • Fault Tree Analysis
  • Risk Priority Number
  • The Criticality Matrix
  • Modelling Reliability of Systems
  • Series and Parallel Systems
  • The Redundancy Concept
Day Four: MRP and ERP Systems
  • What is ERP and how did it develop
  • What is MRP System
  • The Bill of Materials
  • Master Production Schedule
  • Practical Examples
  • Case Studies and Group Exercises
Day Five: Decision Analysis for Optimisation of Maintenance Activities
  • How to get the most of your CMMS?
  • Benefits that can result from CMMS
  • Optimum Decisions for Maintenance Policies
  • Key Features of Next Generation Maintenance Systems
  • How to transform Data to Decisions
  • Examples of Approaches and Case Studies

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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