Maintenance Cost Management Training Objectives
With the Zero-based budget and Cost Control training, you will be able to:
- Know how to develop and manage a maintenance budget
- Understand the type of information required to support an effective cost management and how to analyze it
- Know how to establish the most cost-effective maintenance strategies
- Understand Life Cycle Costing (LCC) and link with the asset replacement plan
Defining the maintenance cost structure with a zero-based budget approach, will help you forecast your costs based on type and future activities and per asset in order to pinpoint your cost opportunities and maximize the return on your assets.
What is Maintenance Cost Management?
The Zero-Based Budget (ZBB) approach allows top-level strategic goals to be implemented into budgeting process by tying them to specific functional areas of the organization, where costs can be first grouped, then measured against previous results and current expectations.
Should be developed upon a thorough analysis of projected workload and costs, activity based and not developed exclusively from historical expenditure or to meet any imposed financial requirements and should be prepared at the level of each cost center.
Following the budget, the organization have to follow-up the maintenance costs:
- To ensure costs are within original plan
- To identify where costs can be reduced
- Provide value for money
- To remain competitive - Optimum cost per unit of throughput
Zero-based budget and Cost Control training course
The participants will attend a theoretical training session in Zero-based budget and Cost Control and a workshop that will allow the participants to prepare an example.
The Zero-based budget and Cost Control training workshop will be performed using specific templates and a benchmark example.
