Cost Analysis and Reduction Effort

New Standard Institute
Milford, Connecticut, United States

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This program is designed for: This course is designed for all levels of maintenance personnel including maintenance workers. Supervisors, planners, managers, and maintenance engineers can also take it. The course works best when people from different levels or when people from different plants take it together. A diversity of opinions and experiences is desired.

The goal of this program is to show you how to set up effective CARE teams that will identify and reduce waste

This course teaches specific techniques for locating and attacking waste, and reducing costs of operation. The outcome of the one-day session is a series of cost reduction projects (one project for every 2-5 participants) ready for execution. The project will be designed and justified. Some of the specific benefits include: How to uncover real waste in your operation. Know which project is the winner among all the waste uncovered. Find the low hanging fruit. How to design a project from the beginning-middle and to the end. How to present your ideas to management. Executing project and getting credit. Prove the Returns on Investment.

Outline

Techniques for continuous improvement including inputs to maintenance.
Where to get data to support cost saving plans.
Brainstorming sessions specifically designed to uncover waste.
Where to focus attention and where to look for the ‘low hanging fruit�
Priority system is introduced to insure actionable projects.
Groups set priority for each idea based on proprietary measures.
Groups develop list of projects in priority order
Forms are offered to help groups refine and write-up one idea
Rigorous formats are employed to insure projects are thought through, and different aspects are reviewed.
How to conduct a cost analysis on a money saving project.
How to determine ROI (Return on Investment), payback, and develop a metric to demonstrate success or failure.
How to get these projects done in the real world.
Assign management mentor that will
Provide money that was budgeted
Run interference, supplies, help, faith, access to assets and resources,
Whatever else is needed
How to write success stories
Pass stories on to management ...''

Phone:203-783-1582

School Address:

New Standard Institute
84 Broad Street
Milford, CT 06460 USA


Jobs & Resumes: Milford
Houses & Roommates: Milford

Search other schools for Cost Analysis and Reduction Effort training resources.

Machine Vibration Basics
Maintenance Planning and Scheduling
Maintenance Storerooms
Measurement Methods
Shutdowns, Turnarounds, and Outages
Three Phase AC Motors
Managing Building Maintenance
Fleet Maintenance
Preventive and Predictive Maintenance (PPM)
Total Productive Maintenance (TPM)
Internet for Maintenance Professionals

Notice: The course description on this page was captured from the Internet as historical reference or submitted by visitors. It was archived statically and not updated from day to day.
 

Facts: We serve the schools and students around the world. Major visitors come from India, United States, United Kingdom, Canada, Australia, Philippines, Malaysia, Singapore and South Africa.