On a daily basis people need to take decision within the scope of the maintenance department in order to realize the required uptime. Unfortunately decisions are frequently taken without the necessary quantitative supporting data. In order to address the requirements of senior and financial management the use of Life Cycle Costing (LCC) & Key Performance Indicators (KPI’s) is necessary. This course gives you a template to develop a decision model based on the total life cycle of the assets under investigation. A correct understanding of the different financial ratio’s such ROI, NPV, IRR etc will help you presenting improvement initiatives towards senior management.
You will learn: