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Development of Risk-Oriented Equipment Maintenance Business Model for Newly Created Factories

Student: Pogrebitskiy Grigoriy

Supervisor: Anastasiya A. Bozhya-Volya

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Project Management: Project Analysis, Investments, Implementation Technology (Master)

Year of Graduation: 2019

In the current realities of high competition, companies in different industry markets are looking for new ways to optimize the cost of equipment maintenance and increase capital productivity of fixed assets. One of the tools that offer solutions to this problem in the world community, consider the approach to equipment maintenance, based on the assessment and mitigation of risks. In Russian practice, this approach is called reliability management. This approach is very popular when adjusting and optimizing maintenance strategies in existing plants, where the equipment is operational. However, the classical methodology faces a number of difficulties in the implementation of the newly created enterprises, due to the peculiarities of production, which only pass through the stage of commissioning. In this paper, we consider the main problems faced by the classical methodology of reliability management if the company sets the task of implementing a risk-based approach at the stage of implementation of the new production project, as well as an adapted process model for the application of the reliability management methodology to create an optimal service strategy at the EPC/EPCM project stage.

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