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 […]
If you are lucky enough to have good failure data history in your CMMS, you are one of the few. But even if you have the data, can you use it to make a difference to your organization? Obviously, the data can be used to perform certain reliability engineering analyses, but what can those without reliability engineering experience do with the data?
Ever wonder how some of the worst industrial disasters occur? It is usually the result of multiple failures. Failure of the primary system and failure of the protective systems. Ensuring the protective system(s) are not in a failed state should be of utmost importance to any organization. But how often should we test the protective systems to ensure the required availability?
Ever wonder how some organizations make their vibration or thermographic program work, and not only work but deliver huge results to their organization? They use a systematic approach to establishing the correct frequencies of inspection. Establishing the correct frequencies of maintenance activities is critical to the success of any maintenance program. Too infrequently and the organization is subjected to failures, resulting in poor operational performance. Too frequently, and the organization is subjected to excess planned downtime and an increased probability of […]
Think about your maintenance program. How often are your PMs scheduled? How were those frequencies established? If you are in the majority, the chances are that the frequencies were either established from the OEM manual, or by someone in the department without data.