2020 RETA Breeze Jul-Aug

2020 VIRTUAL CONFERENCE PREVIEW

“A very insightful paper. Loooonnnngggggg overdue. Many people are thrust into a role where they need to manage or even develop a maintenance budget with little or no formal training. Ray’s whitepaper shine light on a subject that everyone in our industry must deal with. Of course plant or corporate managers must deal with budgets. But Operators must as well.” technician carrying a pipe three blocks to the maintenance shop, because the facility was out of Sawzall blades and they budget wouldn’t allow them to purchase more until next quarter. But somehow, they could afford the extra labor. It took over two hours to haul the pipe to the maintenance shop, cut a 20”piece and haul the remainder of the pipe back to storage.” “It’s important that everyone involved in the budget process understands how it is constructed. Only through understanding and working together can a budget be executed well.” “I can say I have a better understanding of the budget process. It also took out some of “I remember frommy own experience, a maintenance the mystery of the capital or operating costs question.” “Ray is a great presenter, I appreciate someone who can dissect a difficult subject and make it fun. This will be a great presentation!”

What reviewers have to say:

CAPITAL BUDGETING Author: Ray Urban Continuing Education Credit: 1 PDH

I n today’s fast business, we are constantly working within boundaries. As a young engineer, I continuously found myself explaining why my monthly expenditures were over the prescribed budget. Not knowing where or how this tight restraint was developed I was just told to stay within the numbers. As I have moved up in seniority and into management I am now the one developing these financial guidelines. The budget is an operating tool to assist in the managing of funds. It is a written guideline and a projection of a facilities operating cost. The maintenance budget is to include but not limited to building, material handling equipment,

refrigeration, sanitation and lawn care. In everyday life as an adult we manage a bank account, checking account and savings account. This presentation will discuss common issues and share some hard learned lessons, and share some ideas on how to solve them. It centers on planning and executing a workingmaintenance budget. Hopefully, you can take some of these and apply them to your current role. This previewwas compiled by Vern Sanderson in conjunction with the author, Ray Urban. We would appreciate your feedback after the presentation. Please be as detailed as possible in your comments.

From the Author:

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