Maintenance Budgeting Workshop
Maintenance Budgeting Workshop
OBJECTIVES
- Know how budgets work
- Link maintenance budgets to maintenance tasks
- Distinguish between capital and operational expense
- Understand how the business part of maintenance works
- Reclaim budget relevance
WHO SHOULD ATTEND?
- Maintenance Planners
- Maintenance Managers
- Engineering Managers
- Project Managers
- Asset Managers
- Accounting and cost staff responsible for maintenance budgets
COURSE OUTLINE
- Balanced Scorecards
- Bookkeeping & Management Accounting Principles
- Traditional Costing
- Activity Costing
- Financial Reports (balance sheets, Profit & Loss, etc)
- Budgets
- Auditing
CAPEX 1
- Life Cycle Cost
- Equipment/Fleet planning and renewal decisions
- Capital Budget and Allocation
- Financial Methods
- Replacement Decision Analysis
- Depreciation
- Replacement Decision Analysis
- Capital Projects, Cash Flow
- Capital Projects Performance Monitoring
OPEX 1
- Budget Structures, Accounts and Cost Centers
- Maintenance Cost Drivers
- Maintenance Support Cost Drivers
- Maintenance Policy Establishment and Costing
- Consumables, Spares, Retable’s, and Obsolescent
- Improvement, Training, Reliability, Maintainability, Condition Monitoring
- Consumables, Spares, Retable’s, and Obsolescence
- Cost Control, Feedback, Corrective Action, Refining the Budget
- Auditing Methods