Building business cases for maintenance improvement projects

Knights, P., Jullian, F. and Jofre, L. (2006). Building business cases for maintenance improvement projects. In: , International Mine Management Conference 2006. International Mine Management Conference 2006, Melbourne, Australia, (173-178). 16-18 October, 2006.


Author Knights, P.
Jullian, F.
Jofre, L.
Title of paper Building business cases for maintenance improvement projects
Conference name International Mine Management Conference 2006
Conference location Melbourne, Australia
Conference dates 16-18 October, 2006
Proceedings title International Mine Management Conference 2006
Place of Publication Melbourne, Victoria
Publisher The Australian Institute of Mining and Metallurgy
Publication Year 2006
Sub-type Fully published paper
ISBN 9781920806569
1920806563
Start page 173
End page 178
Total pages 6
Collection year 2006
Language eng
Abstract/Summary Many maintenance managers find it difficult to justify investments in maintenance improvement initiatives. In part, this is due to a tendency by mine managers to regard maintenance purely as a cost centre, and not as a process able to influence productive capacity and profit. It is also hindered by a lack of alignment between commonly used maintenance performance measures and key business drivers, and the lack of formal business training amongst maintenance professionals. With this in mind, a model to assist maintenance managers in evaluating the benefits of maintenance improvement projects was recently formulated. The model considers four cost saving dimensions. These are: 1. reduction in the cost of unplanned repairs and maintenance, 2. increased or accelerated production and/or sales, 3. spares inventory reduction, and 4. reduction in over-investment in physical assets and operating costs. This paper discusses the application of this model and a number of numerical examples are given to justify investments in maintenance improvement projects having varying objectives.
Subjects E1
290701 Mining Engineering
671502 Mining machinery and equipment
091405 Mining Engineering
Q-Index Code E1
Additional Notes Proceedings available CD

 
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Created: Thu, 23 Aug 2007, 22:43:17 EST