Is Your PM Worth Doing? Use a PM Cost Benefit Analysis to Find Out

How To Determine If The PM Activity Being Performed Is Worth Doing

Would you spend $100 every week to prevent a possible issue that will result in a loss of $10?  Probably not, so why is that we do that with our maintenance programs every single day?  Often, PM and PdM activities are put into place without any thought to the economic impact of the activity.  While in theory the PM or PdM activities will prevent or mitigate the consequences of the failure, is implementing one of these activities the right thing to […]