Day 1: Introduction to Financial Management in Maintenance and Asset Management

• Overview of asset management and maintenance concepts

• Importance of financial aspects in maintenance planning

• Key financial terminology and principles in asset management

• Relationship between maintenance activities and financial performance

Day 2: Budgeting and Cost Planning for Maintenance

• Developing annual maintenance budgets

• Classification and analysis of maintenance costs (operational, corrective, preventive)

• Direct vs. indirect maintenance costs

• Tools and software for financial decision-making in maintenance

Day 3: Financial Performance Evaluation of Assets and Maintenance

• Key financial performance indicators (ROI, TCO, NPV)

• Life Cycle Costing (LCC) analysis for assets

• Financial risk assessment related to asset management

• Linking financial performance with maintenance effectiveness

Day 4: Financial Strategies for Improving Maintenance Efficiency

• Effective budget management and cost reduction techniques

• Investing in preventive and predictive maintenance

• Leveraging technology for financial efficiency

• Case studies and practical exercises on cost management

Day 5: Advanced Financial Planning and Decision Making

• Capital expenditure (CAPEX) vs. operational expenditure (OPEX) in maintenance

• Financial forecasting and scenario analysis

• Strategic asset management and long-term financial planning

• Developing financial policies to support maintenance and asset goals