Unit of competency Outline

Date retreived
22/07/2026 5:54 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Analyse cost implications of maintenance strategy

Analyse cost implications of maintenance strategy

Unit of competency
National Code
MSS405032
State Code
BAJ87
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
22/06/2016
View on TGA
State Implementation and Classification
Approved Date
08/08/2016
Field of Education
080307 - Organisation Management
Original Release Date
08/08/2016
Nominal Hours
60
Description
This unit of competency covers the skills and knowledge required to analyse the cost implications of different maintenance strategies and to adjust or adopt a strategy to minimise or eliminate unnecessary costs. This unit applies to an individual in an organisation who is selecting or reviewing its proactive maintenance strategy. While technical factors are significant in the choice of maintenance strategy and tools, cost factors will also impact on the selection of a maintenance strategy. This unit covers the cost analysis of maintenance strategies and complements the technical analysis covered in MSS405081 Develop a proactive maintenance strategy. The technical analysis may be performed by the same or a different person to the person undertaking the cost analysis. This unit primarily requires the application of skills associated with communication in gathering, analysing and applying costing information and consulting with maintenance personnel. Problem solving, initiative and enterprise, and planning and organising are required to analyse and estimate the cost of maintenance strategies.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Analyse cost components of maintenance
  • 1.1 Determine cost of failure of plant/equipment.
  • 1.2 Determine cost of a planned maintenance shutdown activity, including costs of re-start.
  • 1.3 Determine cost of maintenance for a planned activity.
  • 1.4 Determine cost of maintenance for an unplanned activity.
  • 1.5 Determine costs of condition monitoring.
  • 1.6 Identify cost implications of different maintenance strategies.
2 Estimate life cycle costs of plant/ equipment
  • 2.1 Determine initial capital cost.
  • 2.2 Estimate servicing, maintenance and repair costs.
  • 2.3 Estimate production (e.g. loss of) and other costs associated with service, maintenance and repair.
  • 2.4 Determine depreciation and other applicable allowances.
  • 2.5 Estimate ancillary costs, such as training, commissioning and productivity loss.
  • 2.6 Estimate technological life and costs of changing to current technology/costs of retaining obsolete equipment.
  • 2.7 Estimate annualised costs in present value terms.
  • 2.8 Identify life cycle cost implications for strategy.
3 Liaise with proactive maintenance strategy developer
  • 3.1 Identify cost implications for different strategies.
  • 3.2 Negotiate a strategy which minimises total costs.
  • 3.3 Monitor the implementation of the strategy to ensure the costs are minimised.
  • 3.4 Make required adjustments to strategy.
No information
No information
Replaces
State Code National Code Title Type
WD564 MSS405032A Analyse cost implications of maintenance strategy Unit of competency
Replaced By
State Code National Code Title Type
OEQ05 MSS405077 Develop a proactive maintenance strategy Unit of competency