How to translate my maintenance plan of an installation into a correct maintenance budget?

• Introduction
  • Definition
  • What is a budget?
  • Why make a budget? What are the objectives?
  • What are the objectives of maintenance?
  • General observation in companies
• Some financial concepts: Learn the language of finance
  • Type and structure of costs
  • Life cycle and TCO (Total Cost of Ownership)
  • Financial flows
  • Financial reporting
• Some Maintenance concepts
  • Functional tree
  • Drawing up a maintenance plan: the main stages
  • Importance of the choice of maintenance strategy on the budget
• Level of maturity - What level of detail is expected for a budget?
  • 2 approaches: History-based or Zero Based Budget
  • Progress in creating your budget
  • Definition of the budget and cost centre
  • Types of expenditure
  • Nature of maintenance
  • Progression and synthesis in 4 levels of maturity
• Starting point - Roadmap towards the construction of your budget
  • The 5 steps
  • Definition of the scope
  • Data collection
  • Definition of the strategy
  • Compiling the information
  • Validation
• Conclusions

• Understand the basic operational and financial aspects

• Understand the basic principles and structure of a maintenance budget

• Understand the objectives, needs and expectations of a maintenance budget

• Differentiate between maintenance costs and other costs

• Understand the principle of zero based budgeting versus history based budgeting

• Understand the value of integrating the use of a well established budget and its control in maintenance

• Identify the constraints and weaknesses that need to be overcome to achieve a maintenance budget and its control

   

This course is aimed at maintenance managers, budget managers and, in general, anyone recently involved in the definition and monitoring of a maintenance budget.

Pascal Pourbaix is a Mechanical Civil Engineer (AIMs) and expert consultant in Maintenance & Reliability. He has more than 20 years of experience in "Reliability and Tooling Improvements", "Project & Process Engineering", "Maintenance & Reliability" with companies such as I-Care, Allied Reliability, Cofely Fabricom GDF Suez Group, Sovitec and Cockerill-Sambre. Director of ARKADIUM SRL, he is also a regular trainer at BEMAS, a consultant for I-Care and a certified trainer for the "Innovative Root Cause Analysis" (iRCA) methodology of CoThink.