Plant & Asset Reliability Optimization

The current economic climate focused on productivity and cost cutting implies that assets will be worked harder, and that limits are to be explored in a safe and structured manner. This situation is already increasing the focus of many asset owners to re-assess their practices regarding asset health and integrity management. In order to get optimal cost effective performance and reliability, owners need to know that their equipment status is known and managed.

In the recent decade, the Energy, Industrial, Oil & Gas and Manufacturing industries in Africa have struggled with maintaining asset and operational standards while working with their ageing and obsolete assets. The cost of repair and the challenges of maintaining these assets are sometimes too much for the operators to bear, hence safety and efficiency is sacrificed. This masterclass will help plant managers be equipped with the tools and proven effective strategies that can help them optimise reliability while reducing operational cost.

The issue of ageing plant & facilities, leading to an increased risk of loss of containment and other failures due to plant and equipment deterioration, has been shown to be an important factor in incidents and accidents.

Many companies may wish to operate equipment beyond its original design life or to repair or reuse equipment or to assess fitness-for-service and remnant life, but finds it difficult to achieve the right balance between assuring safety and cost-driven operation. They will benefit from knowledge about the risks and effects of ageing, the recent trends for asset management, and new technologies for maintenance, inspection, assessment and repair.

In addition to considering technological issues, the Workshop will also address softer management, people and competence issues that companies face in keeping equipment under control.
This Workshop will provide targeted information to help plant engineers and operators better understand the issues of ageing plant and to promote best practice for managing ageing assets.

This Workshop will provide targeted information to help plant managers and operators better understand the issues of new and ageing plant and to promote best practice for managing assets.

The identification and management of ageing plant issues in relation to operation efficiency and process safety is recognised in a number of key risk control systems which must be identified and documented in order that they are regularly reviewed and updated. Key elements include:

Top Learning Objectives

Gain a comprehensive understanding how to manage effectively the performance of new and ageing plant, facilities and machineries
Learn the latest techniques in Plant & Asset Risk Management
Develop assessment instrument to improve asset availability
Master the process of developing zero based budgets, focused on reliability improvement of critical equipment
Explore accident data to show the extent of age and its implication to your plant and facility
Discover key ageing mechanisms, including signs and symptoms
Develop a condition assessment plan and utilize the data efficiently
Systematically analyse the type of plant and process most susceptible to these mechanisms and current best practices
Reduce the risk of premature ageing
Optimize ageing equipment to ensure that it stay safe and reliable
Utilize problem-solving techniques of Root Cause Analysis for Root Cause Failure for key assets
Benchmark performance against world class best practices

Who Should Attend?

This three-day workshop is designed for VPs, Heads, Directors, Chiefs, Managers, Superintendents, Team Leaders and Engineers who focus on dealing with integrity of plant and facilities assets such as:

  • Asset Integrity
  • Plant Management
  • Reliability
  • Asset Management
  • Engineering
  • Facilities Management
  • Production
  • Corrosion Management
  • Operations
  • Maintenance
  • Quality Assurance
  • Utilities
  • OHSE
  • Asset Integrity
  • Project Engineering and management
  • Operations
  • Production
  • Process Engineering
  • Inspection

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International Financial Reporting Standards (IFRS)

This in-depth masterclass focuses on the application of IFRS to extractive industries. It looks at the core IFRS standards, illustrating their application by reference to ‘live examples’ of IFRS published accounts, and examines in depth those standards which specifically apply to mining, oil and gas activities and how they are being implemented by the sector.

Top Learning Objectives

  • Understand and apply the accounting and disclosure requirements of IFRS 6 Exploration for and Evaluation of Mineral Resources
  • Develop an understanding of how to account for your property, plant, and equipment under IFRS
  • Learn how to account for Research and Development, depreciation, and amortization rules
  • Identify some of the more specific tools needed to implement IFRS for mining companies
  • Understand impairment of assets, financial instruments, business combinations, and foreign exchange under IFRS
  • Be informed on the latest exposure drafts on derecognition and fair value measurement

Who Should Attend?

This masterclass will be of particular benefit to all finance professionals involved in the preparation of financial statements under IFRS. Participants would be expected to have at least a basic knowledge of accounting standards but no previous experience with IFRS would be expected.

  • Directors of Corporate Accounting
  • Accountants and Auditors
  • Chief Financial Officers
  • Vice-Presidents and Directors of Finance
  • Chartered Accountants
  • Financial Analysts
  • Financial Accounting and Reporting Managers
  • Regulatory Compliance Officers

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Advanced Biostratigraphy, Well Logs and Seismic in Exploration and Development

The three-day advance biostratigraphy course provides an understanding of the basic concepts and procedures for recognizing and interpreting the stratigraphic nature of microfossils in the Mesozoic and Cenezoic.  Value of High resolution biostratigraphy will be demonstrated with specific problem solving with microfossils, how their abundance and marker species are used to identify cyclic  genetic sequences, types of reservoirs, group rocks into series of time correlatable chronostratigraphic genetic intervals and establish sound correlations,  Improve your ability to observe and understand cyclic nature of sediments in your wells by correlating similar cyclic packages of sediments, with characteristic patterns of log signatures and seismic patterns, above and below two age datable mapping horizons, the Maximum Flooding Surface.  The methodology looks at sedimentary rocks as cycles in time between age datable mapping horizons and types of sediments deposited during Highstand and Lowstand of sea level.

Maximum Flooding Surface (MFS) on well-logs are correlated to the same age datable continuous reflectors on seismic. High resolution biostratigraphy with abundance and marker species are used to identify, correlate and age date MFS on logs and seismic.  This is necessary to construct accurate time structure and seismic facies maps and to ensure reservoir facies are properly correlated regionally.  Identification of type of potential reservoir sands, their position and location from shelf slope break, their associated systems tract, parallel or perpendicular to strike, above and below Salt, as basin floor fans, channel, overbank, sheet, prograding to IVF sands will improve your ability to locate reservoirs, structural traps, stratigraphic traps, identify source rocks and migration pathways to reduce risk and cost.  Correlation to global cycle chart with age datable MFS will provide information to predict ahead of the drill bit, intensity of source and seal rocks and relative seal level rise in time.  Includes many exercises in workshop.

Top Learning Objectives

  • Provide an understanding of the practical concepts and procedures for recognizing and interpreting the stratigraphic nature of microfossils in the Mesozoic and Cenezoic.
  • Study the Value of High-resolution biostratigraphy is demonstrated with microfossils, their abundance and marker species in genetic sequences, types of reservoirs, group rocks into series of time correlatable chronostratigraphic genetic intervals, and establish sound correlations,
  • Improve ability to observe and understand the cyclic nature of sediments in your wells.
  • Apply High resolution biostratigraphy with abundance and marker species are used to identify, correlate and age date MFS on logs and seismic.
  • Correlate wells using cyclic packages of sediments, log signatures patterns, in between age datable mapping horizons, Maximum Flooding Surfaces. 
  • Dissect Extreme value of Maximum Flooding Surfaces, their Condensed Sections are emphasized throughout the course; Identified on well-logs, seismic profiles, as time lines and age datable mapping horizons to construct various, maps with reservoir trends for prospect generation during highstand and lowstand of relative sea level.
  • Comprehend Maximum Flooding Surface (MFS) on well-logs correlated to age datable continuous reflectors on seismic is necessary to construct accurate time structure and seismic facies maps and to ensure reservoir facies are properly correlated regionally.
  • Identify types of potential reservoir sands, their position and location from shelf slope break and their associated systems tract, parallel or perpendicular to strike, above and below Salt, as basin floor fans, channel and overbank sands, sheet or prograding sands to IVF sands to improve your ability to locate reservoirs, structural traps, stratigraphic traps, identify source rocks and migration pathways to reduce risk and cost
  • Analyze Maximum Flooding Surface and their deposition Facies the MFS condensed section are shown as Source Rocks, Seals, and mapping Horizons.
  • Understand Global Cycle Chart, is used to subdivide wells into third order depositional, highstand, transgressive and lowstands systems tracts including prograding complex, , slope fan  and basin floor fan complex and to recognized major and minor occurrences of source rocks and seals for reservoirs.
  • The cyclic patterns and MFS are seen in diagrams below: (Dashed line, MFS. at top of TST (green).

Who Should Attend?

A MUST ATTEND for geologists, geophysicists, engineers and managers who are setting forth to improve their application and understanding of advanced biostratigraphy and therefore reducing risk and cost in exploration and development in the petroleum industry.

Event Details

13th – 15th January 2020
Cape Town, South Africa

      Lean Six Sigma Boot Camp

      HIGH IMPACT PROCESS EXCELLENCE – Six sigma methodology focuses on customer awareness and subsequent business improvement. In addition to reducing the process defects, six sigma methods facilitate improvement through world-class channels. Subsequently, that means identifying and remedying problems wherever they occur. It pinpoints anything that damages business functionality in a way that increases defects, raises costs, slows productivity or reduces customer satisfaction in a source of variation. The Lean Six Sigma Boot Camp seeks to eliminate or remediate these sources to facilitate overall business improvement.

      REDUCING PROCESS VARIATION – Process defects can irrevocably harm customer satisfaction levels, as each customer becomes a potential lost consumer. Subsequently, they tend to pass the word about product defectives. Even the best products and services can be ruined by failing to identify and correct the process variation.

      REDUCING OPERATIONAL COSTS – Here, the Lean Six Sigma Boot Camp integrates two recognized winning strategies: Six Sigma and Lean Operational Processing; whether it be manufacturing, business strategy or administrative functions – This results in the ability to identify process wastes and reduce defects, operational variation and mistakes. We focus on inventory reduction, more effective labor utilization and strategies to enhance business success whether it be manufacturing or transactional functions.

      CYCLE TIME COMPRESSION – Any decrease in process cycle time or service performance strategy means costs savings, reduced maintenance expenditures and lower payroll burden. Customer satisfaction ratings skyrocket when we reduce process time and increase service quality level. The Lean Six Sigma Boot Camp focuses sharply on these goals.

      ENHANCE CUSTOMER SATISFACTION – The Lean Six Sigma Boot Camp is laser-focused on three levels of customers; business level, operational level and process level. Customer satisfaction is an objective all its own. Each aspect of a business’ operation, from marketing strategies to sales personnel performance, has a positive or negative effect on customer satisfaction. The sources of variation that six sigma corrects is a sure-fire cure to inherent operational issues.

      Top Learning Objectives

      Translate proven six sigma models to laser-focused business objectives and targets
      Transmit six sigma concepts within the organization for forward thinking standards
      Transform your professional performance as a collection of up-to-date processes, with inputs to resolve operational challenges in the most expedient approach
      Facilitate skillful application of the DMAIC process sequence as a basis to organize process enhancement
      Expand your professional process improvement techniques to enhance organizational effectiveness
      Eliminate guesswork! Manage the data-driven concept of a sigma quality levels to evaluate process capability within your organization
      Recognize the organizational factors that are necessary groundwork for a successful six sigma effort

      Who Should Attend?

      Management Professionals (Anyone responsible or keen to bring visible breakthrough improvements in key processes) who wants to achieve operational excellence in the organisation. Some departments will include:

      • Plant and Asset
      • Manufacturing and Operations
      • Project Management
      • Process Control and Production
      • HSE and QC/QA
      • Business Development and Strategic
      • Planning
      • Customer Service
      • Sales and Marketing
      • Information Technology
      • Human Resources
      • Finance and Accounting
      • Technical and Engineering
      • Construction

      From the following industries such as:

      • Power and Utilities
      • Construction
      • BPO
      • Manufacturing
      • Oil and Gas
      • Banking and Finance
      • Retail and Hospitality
      • Service
      • Shipping and Logistics
      • Petrochemical
      • Healthcare
      • Agriculture and Commodities
      • Government
      • FMCG
      • Telecoms
      • Food and Beverage
      • IT
      • Mining

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      Cost Engineering and Budget Management for Projects

      Accurate budget development and cost management are constant sources of concern for project managers, particularly those managing large, complex projects. Conducting cost and technical tradeoffs, establishing budgets, submission and evaluation of price proposals, preparing contract negotiation, and assessing the cost impact of introducing changes to existing project plans are some examples of issues that come into particular concern when considering different technical options in projects.

      This master class will examine the discipline of cost engineering as an input to making cost-related decisions in projects – in particular, cost estimating, cost analysis/ cost assessment, schedule analysis/planning, risk assessment, and earned value management.

      By utilizing appropriate techniques, and processes in a rigorous way, delegates will then be able to be best able to predict or assess cost, minimize risk and impact of overspends against budgets and ensure there is an appropriate balance between technical aspects and the related costs of projects.

      Top Learning Objectives

      • Understand the requirements of projects and documenting them
      • Create a Project Charter based on the phases, deliverables, external influences, metrics, control points and change management
      • Control an overall project schedule and understand how budget is tied to each individual project activity
      • Develop an overall project schedule and understand how budget is tied to each individual project activity Calculate project budget and contingency amounts by developing accurate estimate by looking at resources costing, cost factors, overheads and management reserves
      • Manage contractor costs and payments
      • Identify and prioritise risks in order to control and manage the project budget
      • Use Earned Value Management as the most accurate way to track project progress

      Who Should Attend?

      This course is designed for Managers, Supervisors, General Managers, Heads, Team Leaders, Vice Presidents, Directors, CFO’s and Coordinators of:

      • Project Controls Manager
      • Project Controllers
      • Programme Directors/Managers
      • Project Office Managers
      • Project Managers
      • Project Planners & Schedulers
      • Project Engineers
      • Cost Controllers
      • Cost Managers
      • Cost Engineers
      • Project Consultants
      • Project Specialists
      • Technical Services
      • Engineering Services

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      Advanced Budgeting, Forecasting and Cost Control

      The global economic difficulties of the last two years and more have served to illustrate the crucial importance of having Budget, Forecasting and Cost Management processes that genuinely support management decision making. Budgeting has, traditionally, been one of the most widely used of management disciplines – and yet also one of the most criticized.

      The need for companies to make their budget preparation process simpler and more efficient is a challenging task and widespread concern in business circles. With growing changes in market condition and pressures, having solid planning, budgeting & forecasting processes and also proactively managing costs can allow many organizations to more effectively set goals, develop plans, monitor performance and forecast anticipate changes.

      SALVO Global’s second annual “Advanced Budgeting, Forecasting and Cost Management” masterclass is aimed at helping participants to develop and sustain ‘value add’ Budgeting, Forecasting and Cost Management disciplines that are relevant to the difficult business climate and adaptable to rapidly changing circumstances. This course explores a range of newer budgetary & financing techniques including rolling forecasts framework and beyond budgeting and will also demonstrate a thorough knowledge of performance management- its analysis & control, aligning budgeting and strategic planning processes. This course will be an intensive and highly participative program with a combination of case study discussions and a number of syndicate exercises.

      Top Learning Objectives

      • Gain an understanding of how modern budgetary techniques can provide real support to business managers.
      • Avoid the traditional limitations often associated with budgeting.
      • Discover how to use the different but aligned disciplines of forecasting and budgeting to complement each other.
      • Ensure that you achieve effective alignment of strategy, business planning and budgeting.
      • Learn about successful (not dysfunctional) cost management from case studies.

      Who Should Attend?

      This course is designed for Managers, Supervisors, General Managers, Heads, Team Leaders, Vice Presidents, Directors, CFO’s and Coordinators of:

      • Finance
      • Strategic Business Unit
      • Budgeting and Control
      • Performance Management
      • Planning & Control
      • Sales & Marketing
      • Forecasting and Cost
      • Purchasing
      • Management Accountants
      • Business Development
      • Business Planning

      From the following industries, including but not limited to:

      • Manufacturing
      • Retail
      • Electronics
      • Travel and Hospitality
      • FMCG
      • IT, Telecommunications
      • Banking and Finance
      • Automotive Industry
      • Mining & Minerals
      • Pharmaceutical
      • Oil and Gas
      • Logistics
      • Construction
      • Public Sector

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      Advanced Project Scheduling and Delay Management

      In a business environment increasingly pressured by time efficiency as a key competitive advantage, schedule management in projects and programs has become a critical competency. However, project and program schedule it is still an immature discipline in many project-based organizations. Schedules are very often developed based on empirical approaches, without following well-established international standards and best practices. Many organizations do not develop their own internal scheduling standards to support time management in their projects and programs. Therefore, project and program professionals involved in developing and using schedules for management purposes often are not qualified and do not have the necessary knowledge, skills, and expertise to make adequate use of schedule models to support management decisions aimed at making projects and programs to deliver the scope and benefits on time.

      Despite this scenario, scheduling is at the birth of Project Management as a management discipline in its own right. Meeting challenging and important time objectives was at the cradle for the development of Project Management back in the 20s with the emergence of the Gannt Chart, and later in the 50s with the project network diagrams, based on computer power, in particular, the Precedence Diagramming Method and the Critical Path Analysis. These time-management tools and techniques provided the basis for project management to develop as management disciplined grounded on scientific principles. Nowadays, any software tool or system that claims to support project management has as its core a scheduling engine supporting various schedule analysis functionalities, ranging from simple critical path analysis, resource leveling, down to advanced Monte Carlo simulation for risk analysis. Yet, the benefit of all these powerful functionalities rests on the validity and quality of properly developed and maintained schedules. And this can only be achieved by equipping stakeholders with the required understanding, knowledge, and expertise about the scheduling discipline. For effective time-management in projects and programs, the adequate level of knowledge of scheduling, or “time mathematics”, must exist at the various organizational levels and must not be confined to scheduling experts working in isolation from the stakeholders who make decisions and form those who execute the project work.

      While high-quality schedules developed upfront in projects and programs offer a realistic baseline for managing time objectives, changes and emerging adverse conditions will always threaten these objectives and will generate delays. Being able to properly diagnose the causes of these delays, during and after the project, to devise effective recovery solutions, allocate in a balanced, auditable and transparent manner responsibility amongst the various parties, and to develop valuable lessons learned for the future, is a major goal and benefit of the scheduling discipline.

      Proper scheduling requires the consideration of various elements of effective time-management, namely: activity and schedule duration estimation, integration with scope definition and management, establishing activities’ progress criteria, using internal and external dependencies, integration with resource estimation and management, integration with cost estimation and management, integration with risk analysis and management, and integration with communications management, performance reporting and performance management ultimately sustaining Earned Value Management implementation.

      Top Learning Objectives

      • Understand and learn the core principles of the scheduling discipline as applied to the management of projects and programs
      • Know the main international standards and recommended practices for project and program scheduling issued by the most prestigious associations, in particular the AACE International, PMI and CPM
      • Know and understand the AACE International recommended practice RP19-xx “Schedule Classification System”
      • Understand and learn to implement in practice the main scheduling techniques
      • Understand the scheduling core concepts and learn the standard terminology as the basis for effective communication about time management and performance in projects and programs
      • Know and learn how to use in practice the scheduling disciplined to diagnose delays, develop recovery plans, allocate accountability, and develop lessons learned
      • Know and learn how to use in practice the schedule discipline to interact, engage, manage and negotiate with program and project stakeholders
      • Know the professional certifications available in the market related to scheduling in projects and programs
      • Know the potential benefits and requirements of scheduling software tools, and in particular Microsoft Project
      • Understand how scheduling and program management ling integrates with other project management disciplines

      Who Should Attend?

      This course is very relevant to technical engineers and professionals who handle and are responsible for their organisations’ maintenance; as well as the overall smooth operations and processes of their organizations’ plants and machineries. These include, but are not limited to:

      • Project Controls Manager
      • Project Planners & Schedulers
      • Project Controllers
      • Portfolio Specialists
      • Programme Directors/Managers
      • Project Schedulers
      • Risk Management Offices Staff
      • Project Management Office Staff
      • Project Team Members
      • Cost Managers
      • Cost Controllers & Engineers
      • Project Sponsors
      • Project Consultants
      • Project Specialists
      • Project Engineers
      • Top Management

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      “The instructor exposed the key concepts, explained and demonstrated in detail the most important concepts and techniques, formulated problems, and stimulated the participants to solve these. My professional experience was considered in the way the course was conducted.”

      North Caspian Operating Company – Kazhakstan

      The instructor presented the contents with clarity, demonstrated technical expertise and professionalism, and motivated the participants.

      European Patent Office – Holland

      Dynamic Reliability Centered Maintenance

      Increasing availability, reliability and efficiency is becoming more and more of an essential factor for companies to remain competitive. Reducing cost, eliminating failure and improving safety, performance and worker morale are also key to ensuring that the organizations’ goals are met.

      To achieve reliable and efficient process, major decisions needs to be made about maintenance and design of existing assets, processes and facilities.

      The RCM framework takes a holistic approach to determine asset management requirements, encompassing integrity, health, safety, environment, financial risk considerations and technology. RCM is globally recognized as a necessary grounding and direction for maintenance heads, managers and operational staff involved with maintenance and reliability improvement. It has a proven track record of success across a wide range of industries. However, to realise the potential benefits, RCM needs to be applied correctly and properly implemented.

      Salvo Global’s cutting edge course is based on pacesetting reliability best practices in equipment operation, maintenance and design that will enable participants to realign their thinking regarding maintenance and further improve on their reliability initiatives. The course will cover the main principles of RCM to help improve its implementation. Participants will recognise the need to further examine and align maintenance strategies to fit the current more demanding conditions while at the same time aligning themselves to the overall direction of the organization. Theories that will be presented will be supported and illustrated through a combination of real-world case studies and an extended hypothetical scenario that enables participants to easily incorporate RCM program insights, techniques and procedures into their organizations.

      Top Learning Objectives

      • Appreciate how reliability-centered principles can be applied to all types of assets and the entire life-cycle of assets
      • Understand why the process has been so successful in the most demanding maintenance environments over a long period, and why it is equally applicable for today’s equipment and challenges
      • Systematically analyze and conduct Failure Mode, Effect and Criticality analysis (FMECA) to effectively identify criticality of key assets, prioritise tasks and minimize wastage
      • Design and tailor the ideal RCM framework to suit your business needs for operational excellence
      • Learn how to determine the most effective and efficient failure management policy for your equipment in its operating context
      • Determine the best preventive and predictive maintenance task that is suitable for the business
        operation
      • Learn how Reliability Centered Maintenance supports a Continuous Improvement programme, even in a changing environment
      • Determine what needs to be done to ensure the successful implementation of RCM analysis operation
      • Ensure successful adaptation and implementation of asset management improvements from artisans, technicians and contractors

      Who Should Attend?

      VPs, Directors, Division Heads, Managers, Superintendents, Specialists, Leaders, Supervisors, Foremen, Planners, Technicians, and Engineers from the following departments:

      • Maintenance
      • Engineering
      • Reliability
      • Preventive Maintenance
      • Predictive Maintenance
      • Shutdowns & Turnarounds
      • Condition Monitoring
      • Rotating Equipment
      • Static Equipment
      • Mechanical Engineering
      • Asset Management 
      • Asset Integrity
      • Operations
      • Plant
      • Production
      • Process
      • Inspection 

      From the following industries – but not limited to:

      • Oil & Gas
      • Mining
      • Utilities
      • Manufacturing
      • Construction
      • Petrochemicals/Chemicals
      • Manufacturing
      • Transportation & Rail
      • Pharmaceuticals & Healthcare
      • Food & Beverages

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      Advanced Total Productive Maintenance

      In the modern process and manufacturing industry, huge losses and delay occur in the manufacturing floor. The most common losses companies face are breakdown losses, setup and adjustment losses, idling and minor stoppage losses, speed losses, quality defects and rework losses, and start-up and yield losses. Now, maintenance and production teams are looking to mitigate and find a solution to improve quality and overall equipment effectiveness.

      Total Productive Maintenance (TPM) is defined as a company-wide, team-based effort to build quality into equipment and to improve productivity by reducing the time lost due to breakdowns. TPM focuses on keeping all equipment in top working condition to avoid breakdowns and delays in manufacturing processes and maximize the effectiveness of equipment. The TPM program significantly increases labor and capital productivity, as well as employee morale and job satisfaction. TPM brings maintenance into focus as a vital part of the business, providing the necessary supporting process and tools to achieve zero defects, zero breakdowns and zero accidents.

      Salvo Global’s course will provide practical application of TPM principles and latest industry best practices for your work force and your equipment needs. Through this course, you will learn how to perform calculations vital to the success of your TPM installation and how to measure your Total Effective Equipment Productivity (TEEP) by accounting for your equipment use and its overall effectiveness. Other critical calculations and helpful guidelines will also be tackled in this course, such as the Total Productive Equipment Management (TPEM) process which will provide data to demonstrate the value of your maintenance efforts and maximize equipment effectiveness.

      Top Learning Objectives

      • Attain World-Class manufacturing by learning about traditional versus modern TPM best practices
      • Apply key elements of TPM to attain Zero Defects, Zero Minor Stoppages and Lower Costs Losses
      • Understand how identifying and responding to deterioration in infancy can prevent breakdowns
      • Effectively differentiate between reactive, preventive and predictive maintenance and learn which one is the best to apply through TPM
      • Utilize performance metrics, PM compliance, schedule compliance, backlog, efficiency and labor utilization
      • Discover systematic learning from equipment related problems so that root cause can be identified and addressed
      • Understand the origin, concept, management philosophy and development of TPM, and its purpose and impact
      • Learn about the 8 pillars of TPM activities, TPM implementation strategy, roadmap and step-by-step approach
      • Capture the correlation between equipment losses and OEE
      • Understand the development of TPM as a foundation for Lean Transformation
      • Comprehend the roles of a TPM implementation organization and the critical success factors
      • Develop a TPM strategy and plan that is appropriate for the needs of the organisation

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      Managing Contract Claims, Variations and Disputes

      Today, organizations are losing its annual revenue per year due to contract mismanagement. According to a survey conducted by International Association for Contract & Commercial Management (IACCM), 27% of the companies experience a significant claim or dispute on 10% or more of their contracts. These generally arise from variations in contract scope, weaknesses in contract change management, and performance failures due to over-commitment. More than ever, this represents a major economic cost for both the company and its trading partners resulting to costly litigation.

      • GlaxoSmithKline fined $490 million by China for bribery (September 2014)
      • Atos was fined £30 million for errors in its delivery of the UK work capability assessments (June 2014)
      • Outsourcing firm Serco repay the Ministry of Justice £68.5 million after overcharging on its contract to provide electronic tagging for offenders (December 2013)
      • Verizon has 24 instances of misconduct for which it incurred $477.5 million in penalties from the US government (1995-2013)
      • SAIC paid more than $500 million to resolve alleged fraud occurring on a contract with New York City (2012-2013)

      To protect your organization from long and costly litigation brought by poor contract management, this course will expose you with essential skills and techniques to safeguard your company from future risks and liabilities. Throughout this highly interactive course, you will discover how to use counter claims to safeguard your interests when claims arise and you will learn how to implement and manage contract variations successfully to avoid disruptions and delays in your contracts. In addition, you will identify the causes of disputes and know how to utilize dispute management and negotiation strategies to protect your company from potential law suits.

      To be led by an internationally-accredited legal expert with more than 30 years of extensive experience in commercial and contractual law, the trainer will not only educate you with law and regulation, he will also enlighten you on the commercial issues relating to change management, contract variation and dispute resolution through real-life case studies and hands-on exercises.

      Top Learning Objectives

      • Discover how to use counter claims to safeguard your interests when claims arise
      • Implement and manage contract variations successfully to avoid disruptions and delays in your contracts
      • Find out if you are entitled to initiate contract variations and which contractual party should bear the costs for the changes to the contract
      • Resolve your contractual disputes by identifying the causes of disputes and utilizing dispute management and negotiation strategies
      • Assess the best alternative dispute resolution you should utilize when your contractual disputes become too complex

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