City Scape

Asset Life Cycle Optimize Total Cost of Ownership

Content and Description

Content View
Viewable / downloadable shared learning appears here for logged in members only. (Some records have no viewable / downloadable items. Check the "Content Description" tab.)
Content Description
Original date: 
Monday, March 2, 2015

Equipment/machinery performance is critical to deliver value for any organization. In this webcast Ramesh will describe how the asset performance and the total cost of ownership are dependent on how assets are designed. The majority of the cost of asset ownership is in the Operations & Maintenance (O&M) phase. However, the O&M costs are dependent on how assets are designed, built, installed, commissioned and operated.

In this presentation Ramesh discusses the Asset's life cycle within all of these phases and demonstrates how to avoid the pitfalls during asset acquisition, design, built and installation phases to reduce the total cost of ownership for your organization's assets.

BoK Content Source: 
MainTrain 2014
BoK Content Type: 
Presentation Slides
Asset Management Framework Subject: 
02 Asset Management Decision Making, 2.02 Operations & Maintenance Decision-Making, 2.03 Lifecycle Value Realisation, 03 Lifecycle Delivery, 3.05 Maintenance Delivery
Maintenance Management Framework Subject: 
01 Business & Organization Context, 1.4 Strategic Maintenance Plan
Author Title: 
Asset Management & Reliability Planning Manager
Author Employer: 
Author Bio: 

In his position, Ramesh provides cost effective maintenance/ reliability strategies and supports implementation of long term reliability improvement initiatives for the Aerospace Test facility. He is a Certified Maintenance & Reliability Professional (CMRP), Certified Reliability Engineer (CRE) and Certified Reliability Leader (CRL). He is an author/co-author of recently released books “Maintenance & Reliability Best Practices” (2013/2009) and MRBP Workbook (2014), “Professional’s Guide to Maintenance & Reliability Terminology” (2010). He was instrumental in establishing of an ISO certified Asset Management process (Tailored 9001) since 2004, and also a member of US TAG/ pc251team which has been supporting development of ISO 55000. Ramesh has also just been awarded the top 2014 CMRP of the Year Award for the Veteran Professional category.