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U of T reliability workshop takes place mid-February

Toronto, ON -- The Centre for Maintenance Optimization and Reliability ( C-MORE) at the University of Toronto will ...


Toronto, ON — The Centre for Maintenance Optimization and Reliability ( C-MORE) at the University of Toronto will hold a two-day workshop Feb. 16-17, 2009, entitled ‘Reliability = Profitability: Finance for the Physical Asset Manager’.

 

The workshop, to be led by Ben Stevens, is a response to the emergence of the physical asset manager as a business manager who needs to sell physical asset management (PAM) concepts to executives. This requires every physical asset manager to be fluent in financial key performance initiatives (KPIs) such as ROI, profit, cash flow, DCF and IRR that measure the impact of PAM on the bottom line.

 

Stevens is the president of OMDEC Inc, a Canadian company specializing in failure prediction, reliability improvement and reliability software and services. He attended the University of Sheffield, England, where he received a bachelor’s degree in economics and accounting and a masters degree in managerial economics. In his more than 40 years of experience in business, he has held a wide variety of positions, including vice-president of finance and administration in several Canadian manufacturing companies.

 

He has written many articles for books and magazines, including ‘Maintenance Excellence, Optimizing Equipment Lifecycle Decisions’, co-edited by Dr. Andrew Jardine and the late John Campbell.

 

Participants will receive a certificate of attendance from C-MORE at the University of Toronto.

 

To read more about this workshop or register online, visit www.mie.utoronto.ca/cmore/masterclass_ben.html.