Developing Asset Strategies and a Zero Based Budget for an Iron Ore Crushing Plant

This paper presents a case study of how an asset strategy and zero based budget was developed for an existing crushing plant that had been purchased from the contract service provider by an Australian Iron Ore miner. The goal was to directly align the strategies and budget to the business goals. This however was not a simple task due to poor historical records and a general lack of information. These challenges were overcome and the benefits of a documented maintenance strategy, a justifiable zero based budget and employee engagement were realized.