Maintenance Activity Based Budgeting

A maintenance budget is one of the most underestimated parts of your asset management. It sets out the expected cost of meeting your maintenance objectives for the year. It should include the expected costs for all of the different maintenance types and how they apply to different assets or asset groups.

It is important in any Maintenance business to have a developed Maintenance Budget and then manage to that budget.

As a maintenance department it is important that you understand where your expenditure is against the budget and what actions are in place to manage it to target.

Your budget should take into consideration:

Broken up into Cost Centres down to asset level so that it is easy to see where your expenditure is high or low.
New and Removed Assets - Ins and Outs
Preventive and Predictive Maintenance (PM)
Corrective Maintenance (CM)
Breakdown Maintenance (BM)
Other groups that might book to Maintenance Budget E.g. Operations, Engineering.
Overheads (OH)
New and Removed Assets

Labour, Materials, Services, Tools, Transport, etc.

Visibility:

It is important that everyone has line of site to the budget and where the current expenditure is.

They also should be aware of how they contribute to expenditure and what they can do to help manage to the budget.

We will also have a few members showing their process for budget management.

Come along , even if you don't yet have something to share but want to learn from what others are doing and talk with those doing it. This peer to peer learning is what SIRF does best!

Agenda (in AEST timezone)

9:50am for 10am start

10:00 Intros and setting expectations

10:15 Share on their experience including insights and learnings with Activity Based Budgeting

11:00 Others - membership shares

11:45 Group discussions

12:00 wrap up for 12:30 finish

Who Should Attend?

Likely of interest to Maintenance Managers, Asset Managers, Reliability Engineers, Engineering Managers, Operations, Continuous Improvement and Process Engineers. Mechanical and Electrical Supervisors/Team leaders, planners, strategists and anyone interested in developing maintenance KPIs. Chances are good that if you’ve read this far, this event is for you!

About SIRF Roundtable Events

SIRF Common Interest Work Groups are on focus topics aimed at technical specialists and for anyone interested in the topic of the day, and have the broadest attendance range of any of our events.

FAQs

What will I need to participate in this event?

Access to a PC/ Tablet / Smartphone with Camera and mic

What software will I require?

Access to video conferencing either by downloading, or the web via computer, phone or tablet

How do I connect to my event?

You will be sent a Zoom link to access the event a couple of days before the event.

When do I need to register by?

Registration typically closes one business day before the event for CIWG meetings

Investment?

This event is included in SIRF Roundtable membership

Who can I contact for further information?

Angus Mackintosh

angus.mackintosh@sirfrt.com