This Decision Analysis for Operation & Maintenance Professionals training course examines techniques for decision analysis with emphasis on prioritization and the decision-making process to be carried out by operation & maintenance professionals. Decision-making is the most central human activity, intrinsic in our biology and done both consciously and unconsciously. We need it to survive. Taking a decision is not just a question of selecting the best alternative. Often one needs to priorities all the alternatives for resource allocation among a portfolio of option, or to examine the effect of changes introduced to initial judgments. We need to set priorities on these solutions according to their effectiveness by considering their benefits, costs, risks, and opportunities, and the resources they need.

• Breaking a problem down into its constituent parts or components, in the framework of a hierarchy.
• Establishing importance or priority to rank the alternatives is a comprehensive & general way to look at the problem in a formal manner.
• Application of multi criteria decision-making (MCDM) to practical problems.
• Introduction to different operational research & management science methods.
• Enhance decision-making with goals and criteria & show how to measure and rank them.

By the end of this training course, participants will be able to:

• Improve productivity through use of better, timelier information.
• Understand how world-class organizations solve common asset management problems.
• Optimize planning and scheduling resources, carry out optimized failure analyses.
• Optimize asset management budgets by avoidance of unplanned equipment failures in service.
• Develop a practical approach of an action plan to utilize these technologies in their own areas of responsibility.

This training course is suitable to a wide range of technical professionals but will greatly benefit:

• Operation and Maintenance Professionals
• Key Operations Supervisors
• Internal Improvement Consultants

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes hands-on, stimulating experience and using interactive user-friendly decision analysis software. The training course is highly interactive with many discussions and facilitated practice sessions. Key points will be emphasized with case study examples. There will be a combination of presentation sessions and workshops during in this training course.

• Scope and significance of decisions
• The Decision-making process
• The concept of best practice through learning from worst practice
• Introduction to reliability and Weibull analysis

• Definition of Decision Analysis
• How, and Why, Bad Decisions are Made
• Guidelines for Good Decision Analysis
• What is AHP?
• Benefit/Cost Analysis
• Resources Allocation

• Fault Tree Analysis
• Risk Priority Number
• The Criticality Matrix
• Modelling Reliability of Systems
• Series and Parallel Systems
• The Redundancy Concept

• What is ERP and how did it develop
• What is MRP System
• The Bill of Materials
• Master Production Schedule

• How to get the most of your CMMS?
• Benefits that can result from CMMS
• Optimum Decisions for Maintenance Policies
• Key Features of Next Generation Maintenance Systems
• How to transform Data to Decisions