Live Stream Session 1: Total Defect and Failure (TDAF) Costing

TDAF Costing is key to the first step of the Plant Wellness Way IONICS process, I – Identify Risks from Asset Failure which explores the impacts and total costs of risks held within an organization. In the context of PWW a risk is defined as any potential cause of failure.

PWW starts with TDAF Costing and the business impact of failure for three reasons:

1. To achieve effective, long-term change within an organization upper management must be in support. The financial health of an organization is a key priority of upper management, and such, this tool is used to explain the effects of failure events in financial terms.
2. Changes to operational processes are more likely to be successfully implemented with a strong business case. Through TDAF Costing, the costs of preventative measures can be compared to the potential cost of a failure event that they will prevent, ensuring that the most operationally and financially effective preventative maintenance measures are implemented.
3. The next step, Asset Criticality risk analysis, requires the true financial losses and costs from a failure event so the total business risk can be identified in advance of an event happens.

Session Content:

• Failure Event TDAF Costs
• How to Develop TDAF Cost Tables
• Risk Rating with TDAF Costs
• Case Study: Finding All Business Losses from Failures

This session addresses common industry challenges including, Budget Management, Data Collection, Communication with Management, Breakdown Prevention, Cost Reduction, and Equipment Performance and Reliability.

Live Stream Session 2: Asset Criticality         

Asset Criticality, also known as Operating Criticality, indicates the business-wide risk an asset’s failure causes a company. It is used to rate equipment in priority order of importance to the continued operation of a facility, and is used in the second IONICS step, O — Order Risks by Criticality.

Session Content:

• Gauging Business Risk
• Using the Risk Matrix to Gauge Risk
• Assess Allowable Failure Event Frequency with the Risk Formula
• Determining Operating Asset Criticality
• Case Study: Conducting a Criticality Risk Analysis

This session addresses common industry challenges including, Communication with Management, Management Support, and Maintenance Strategies.

Live Stream Session 3: Physics of Failure Factor Analysis (POFFA)

POFFA is an investigative technique identifies how many ways the microstructure of a machine component can by physically destroyed, providing a list of issues to address to create outstanding parts reliability.  It is the main portion of the third IONICS step, N — Negate Component Risks Solutions

Session Content:

• Physics of Failure Factor Analysis to Select Reliability Strategy
• Organizational Factors in Critical Parts Failure
• Doing a 3-Factors Risk Analysis
• Allocating Responsibility Across the Life Cycle to do Strategy Requirements
• Confirming Economic Value of New Strategy
• Case Study: Performing a POFFA

This session addresses common industry challenges including, Asset Management, Equipment Performance and Reliability, Maintenance Strategies, Preventative Maintenance, and Company Culture.

Live Stream Session 4: Reliability Growth Cause Analysis (RGCA)

RGCA is a full technical and financial justification to introduce reliability growth strategies. Its purpose is to identify the causes of the causes of a component failure and show the business value gained by preventing their initiation. It is used in the final IONICS step, S – Synthesize Continual Improvements

Session Content:

• Explain Reliability Growth Cause Analysis
• Including POFFA in a RGCA
• Setting Reliability Standards and Precision Targets
• Gauge Expected Reliability Growth
• Case Study: Reliability Growth Cause Analysis

This session addresses common industry challenges including, Equipment Performance and Reliability, Maintenance Strategies, Preventative Maintenance, Reliability, and Company Culture.

$387.00 USD per person for attendance only. $894.00 USD per person for attendance and certification. Plus GST (10%) if purchasing in Australia.