COURSE OVERVIEW:

Engineering and maintenance projects often fail not due to technical incompetence, but due to poor economic justification or a lack of alignment with business objectives. This course bridges the gap between the technical world of the engineer and the financial world of the accountant. It provides a comprehensive methodology for evaluating maintenance projects—such as equipment upgrades, system overhauls, and technology implementations—ensuring they are both technically sound and financially viable.

The scope of this training involves the detailed application of financial modeling techniques such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period calculations. Participants will learn how to conduct a "Feasibility Study" that accounts for capital costs, operational savings, risk reduction, and the "Cost of Doing Nothing." The course emphasizes the importance of "Total Cost of Ownership" (TCO), moving beyond initial purchase price to consider the long-term implications of maintenance and energy consumption.

Coverage includes the techniques for "Technical Auditing" of project proposals, identifying potential failure modes during the design phase, and estimating the reliability impact of project alternatives. Attendees will explore how to manage project risks and uncertainties through sensitivity and scenario analysis. By the end of this course, participants will be able to present a professional, data-backed "Investment Proposal" that clearly demonstrates the technical necessity and financial return of their engineering and maintenance initiatives.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Conduct a comprehensive "Techno-Economic" feasibility study.
• Calculate the "Total Cost of Ownership" (TCO) for competing project options.
• Master financial evaluation metrics: NPV, IRR, ROI, and Payback.
• Quantify the "Intangible Benefits" of projects such as safety and morale.
• Perform "Sensitivity Analysis" to assess the impact of cost and schedule overruns.
• Evaluate the technical risks and reliability impact of engineering designs.
• Justify maintenance projects by calculating the "Cost of Unreliability."
• Use "Life Cycle Costing" (LCC) to select the best equipment alternatives.
• Develop a structured "Project Selection" matrix for a limited budget.
• Monitor project performance using "Earned Value Management" (EVM) concepts.
• Communicate technical project benefits to senior financial leadership.
• Build a robust "Business Case" that secures funding and approval.

TARGET AUDIENCE:

This course is essential for Project Engineers, Maintenance Managers, Plant Engineers, Finance Managers involved in Operations, Asset Managers, and Senior Reliability Engineers.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.