Question: Students will need to define a problem that a maintenance engineer faces in any organization in life cycle decisions. You need to communicate maintenance of

Students will need to define a problem that a maintenance engineer faces in any organization in life cycle decisions. You need to communicate maintenance of assets in your work area from business perspective in a language that can be understood by the organization's management for managing cost/ benefit and risks in an objective manner using life cycle costs. Conduct a literature search for relevant resources (journal and conference papers) on Terotechnology, Capital Investment analysis and balancing capital expenditure and operational expenditure including maintenance and write a brief report on potential application, in your industry sector along with references at the end. a) Introduction with context of your organisation/ proposed organisation b) Needs and expectations of stakeholders from maintenance of any specific asset sat pump, motor, generator, bridge, boiler, transformer, pressure vessels, rail track, chiller, heater, compressor, heavy equipment or any other capital intensive industrial or infrastructure asset. c) Scope of your maintenance organisation to meet those expectations using OPEX and CAPEX. + Ans Q. 2a,b,c (talk about your problem) d) Level of documented system for maintenance department for asset management. e) Commitment and support from leadership for risk-based maintenance management. f) How Life Cycle Costing is used in maintenance decision making in your organisation. g) Any Gaps identified in current practice (appropriateness) when compared with good practices/ international standard of lifecycle costing. h) Conclusions with opportunities for improvement (along with reasons for your concluding statements) i) Supporting documents from your organisation and/ or research as Appendix j) References + Recommend Answer Placement to Following Questions The above report should also include the following answers / graphs weaved within the report "+" regarding the following problems, and not tacked on the end - Marks will be deducted
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