Structural Integrity Associates, Inc. is pleased to announce it's first course on Financial Risk Analysis for Planning Major Maintenance...
Structural Integrity Associates, Inc. Associates, Inc. is pleased to announce it's first course on Financial Risk Analysis for Planning Major Maintenance. It will be held February 17 & 18, 2000 in Baltimore, Maryland. Additional courses at other locations are planned for later in the year.
Traditionally, engineers address projects' technical, operational, safety, and budgetary aspects. Today's business world is much more focused on increasing profits and lowering costs. Gaining the required financial support to perform major component repair or replacement projects is an additional aspect and skill that reliability engineers, maintenance engineers, and maintenance planners need. Finance presents a new challenge that must be overcome even before a project commences.
Increasing competition over the last ten years in many industries has created this situation. Cost cutting is typically done in the maintenance resources area. Many maintenance engineers feel that maintenance is no longer considered a mainstream corporate activity. In this course engineers will learn how to express in financial-oriented terms their proposed maintenance needs to the financial decision-makers. The ability to present major maintenance concerns as a business investment, and successfully compete for corporate resources are the subjects of this course.
Register by return e-mail, by accessing the Web site, http://www.structint.com/training/fr/, or by returning the registration form which will be mailed or faxed to you on request. Early registration is encouraged, as space is limited. Registration Cut-off is January 31, 2000.
$695 per person. Includes all course materials and a copy of the ASME Risk Based Applications Handbook on Equipment Life Management, when it is released.
Baltimore Gas & Electric
1000 Brandon Shores Rd.
Baltimore, MD 21266
Local Contact: Don Wright at 410-787-5519 or 410-787-5515
Glenn Burnie - Baltimore
6617 Ritchie Highway
Glenn Burnie, MD 21061
Attendees are required to make their own hotel reservations. A limited number of rooms have been reserved at the Hampton Inn until January 31, 2000. Be sure to mention "Structural Integrity Associates" to receive the course rate of $74 per night plus tax. Names of other possible hotels near the Baltimore-Washington Airport will be furnished upon course registration. These hotels have not had a block of rooms held for this course.
Attendees are responsible for their own travel. Baltimore-Washington International (BWI) is the closest airport.
February 17, from 8:00 a.m. until 4:30 p.m. (Continental breakfast, breaks and lunch provided by SI.)
The Participants who desire to will meet the night of February 17 at a local restaurant for dinner provided by SI.
February 18, from 8:00 a.m. until 4:30 p.m. (Continental breakfast, breaks and lunch provided by SI.)
We look forward to hearing from you soon. The course description and outline as well as the instructor's resume follow below.
Director of Business Development
Structural Integrity Associates, Inc.
3315 Almaden Expressway, Suite 24
San Jose, CA 95118
Web site: www.structint.com
This course has been designed for engineers in profit producing facilities. It describes the proper steps for expressing engineering knowledge in financial terms using time proven and accepted tools - the same tools used in financial decision analysis. This course is the foundation to understand the application of financial risk management to major maintenance projects.
This course takes the participant through a building process for using risk-based screening procedures to decide which components are most important. Then, for these important components, the financial decision analysis process will be built. This process starts from the perspective of an engineering life analysis and is carried over into financial decision making for maintenance. Finally, the process of constructing a financially based major maintenance plan is discussed.
Course participants will gain an understanding of how engineering life analysis can be tied to financial decision making, and how to present a financially attractive maintenance plan to the decision-maker. Each course module will be followed with hands on computer sessions in MS Excel workbooks that the participant will keep.
Integration Of Engineering With Financial Decision Making
Risk-Based Screening Methods
Making The Financial Business Case For The Major Maintenance Investment
Engineering Sources For Component Life Data
Producing A Financially Based Business Plan For Major Maintenance
ABOUT THE INSTRUCTOR:
David Mauney, a Senior Consultant at Structural Integrity Associates, Inc., received his BS in Mechanical Engineering from Clemson University and his MS in Metallurgy from Georgia Tech. Dave has over 30 years' experience in the areas of fatigue and creep testing and research, failure analysis, remaining life analysis, including probabilistic analysis, and decision/financial analysis for maintenance decisions and prioritization. These experiences were gained at Southwest Research Institute, Carolina Power & Light Co. and ALCOA Research Laboratories. Dave is a co-author of the ASME Development of Guidelines for Risk-Based Inspection of Fossil Fuel Fired Power Plants, and is co-author of the soon to be published ASME Risk Based Applications Handbook on Equipment Life Management. In addition, he is on the ASME main committee for Post-Construction Issues and he chairs the Subcommittee for Inspection Planning.