This course is designed to provide participants with a detailed and up-to-date overview of KPI in Maintenance & Reliability Management. It covers the maintenance and reliability best practices in the industry; the asset management and its importance; the purpose and role of KPIs in business performance management; the KPIs with corporate strategy and the types of KPIs in maintenance and reliability; the specific KPIs for the petroleum industry and the critical touchpoints for KPI tracking; the asset life cycle, data collection and management; and the tools and systems for data management, data integrity and validation.
Further, the course will also discuss the smart targets for maintenance and reliability; benchmarking and customizing targets for different levels of the organization; the KPIs for maintenance strategies, resource and work management; the cost control, maintenance budgets, cost tracking, performance reporting and visualization; the principles of reliability engineering and their impact on maintenance strategies; the risks in maintenance and reliability; the risk mitigation strategies and associated KPIs; and the asset reliability KPIs condition monitoring and predictive maintenance.
During this interactive course, participants will learn the root cause analysis techniques and tracking improvements and performance after RCA implementation; the KPIs with corporate strategy, advanced data analytics for KPI enhancement and continuous improvement; the health, safety and environment (HSE) considerations in KPI selection; the organizational change when implementing new KPIs; the employee engagement and KPI ownership; the KPI review and evaluation techniques; the feedback loops and KPI refinement; the KPIs to reflect changes in technology and business processes; and avoiding common pitfalls in KPI tracking and implementation.