EUCI

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In this web conference BIS Consulting and UMS Group will present concepts and tools used to provide cost-effective improvements in reliability, both at the system and equipment/component level. In so doing, we will examine:

• Value-risk trade-offs for capital expenditures, resulting in a business case, tailored to a regulator, to support investments in reliability improvement.
  
• Approaches to ensure that capital investments provide incremental improvement in overall system reliability.
  
• Methodologies to establish optimum replacement points for individual equipment or components based on condition, consequences, and probability of failure, and projected replacement or refurbishment costs.
  
• Methods to compare the cost effectiveness of competing improvement projects to ensure that resources are directed to the highest-return activities.

Specific topics will include ideas for system reliability performance improvement, risk assessment and building a business case, and capital expenditure optimization. By participating in the web conference, you will be armed with industry-proven approaches to improve both system and equipment/component reliability; and be able to do so with the least exposure in terms of system and equipment/component failure.

Learning Outcomes

• Appraise value-risk trade-offs for capital expenditures
  
• Describe approaches to capital investments that result in greater reliability
  
• Identify methodologies to establish optimum equipment/asset replacement points based on condition, consequences and probability of failure, and projected replacement/refurbishment costs
  
• List methods to compare the cost effectiveness of competing improvement projects
  
• Review risk assessment and building a business case

Requirements for Successful Completion of Program

Participants must be logged in to the web conference for its entirety to receive continuing education credit.

Instructional Methods

Web based PowerPoint presentation and on-line interactive question/answer session.

Continuing Education Credits:

EUCI is authorized by IACET to offer up to 0.1 CEUs for this program.