Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Maintenance is a major operating cost, yet many organisations struggle to control it or link spending to reliability outcomes. Effective cost management balances cost, risk and performance.
This Aractech course covers maintenance cost structures, budgeting methods, cost tracking in the CMMS, life cycle costing, cost reduction opportunities, contractor and spare parts costs, KPIs and presenting maintenance budgets. Participants build a maintenance budget and cost improvement plan.
What you will achieve
Learning objectives
- Understand maintenance cost structures
- Prepare maintenance budgets
- Track and analyse maintenance costs
- Apply life cycle costing
- Identify cost reduction opportunities
- Report maintenance costs and value
Who should attend
Target audience
- Maintenance managers
- Maintenance planners
- Reliability engineers
- Finance business partners
- Plant managers
- Asset managers
Methodology
Learning approach
- Financial exercises
- Budget workshop
- Case studies
- Cost analysis
- Group discussions
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Maintenance Costs
- Cost categories
- Direct and indirect costs
- Benchmarks
- Coffee break
- Benchmarks (continued)
- Value of maintenance
- Exercise: Cost baseline
Day 2
Budgeting
- Budget methods
- Zero-based maintenance budgets
- Shutdown budgets
- Coffee break
- Shutdown budgets (continued)
- Capital versus operating
- Workshop: Maintenance budget
Day 3
Cost Tracking
- CMMS cost data
- Work order costing
- Variance analysis
- Coffee break
- Variance analysis (continued)
- Reporting
- Lab: Cost analysis
Day 4
Cost Reduction
- Strategy optimisation
- Spares and contractors
- Energy
- Coffee break
- Energy (continued)
- Life cycle costing
- Case study: Cost reduction
Day 5
Reporting Value
- KPIs
- Presenting budgets
- Business cases
- Coffee break
- Business cases (continued)
- Continuous improvement
- Capstone: Cost improvement plan
FAQ
Frequently asked questions
What does Maintenance Cost Management and Budgeting (ME-028) cover?
This course covers Maintenance and Engineering through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Maintenance managers, Maintenance planners, Reliability engineers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Frankfurt, Barcelona, London, Istanbul, Vienna, Paris, Cape Town.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
Quick request
Send quick request
Send a fast enquiry about this course and the academy team will get back to you.
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Request a formal quotation
Choose an available date and venue, add your participants, and we will email a formal quotation for Maintenance Cost Management and Budgeting to your business address.