Asset Management
Benjamin Franklin’s axiom, “An ounce of prevention is worth a pound of cure”, has been used most commonly when referring to health care. It is also highly appropriate in reliability and maintenance circles.
Of course, we complicate it in business by wanting to know what the prevention will cost and what we save by avoiding the cost of the cure. Read more “Show me the money!”
Asset Management
The “no brainer” opportunityLet’s say that you run your own business. You have an opportunity to invest some money and get a payback that is more than your total investment within the first year (payback is more than 100% in the first year). Moreover, that payback will continue for many years. Would you invest? Read more “Why do you let your budgets hold you back?”
Asset Management
If you can’t sell all you can produce, then reducing costs is often the only way to improve margins, but that simplistic accounting perspective is not always the case. Cost control is often thought to be key to attaining profitability but it the case of maintenance it can get you into trouble. Cost control can have a big opportunity cost if you don’t take advantage of the opportunities you have. Consider that what you might really want is greater value – more for less, no just less. Read more “Trick question: Do you want value or low costs?”
Asset Management
Reliability Centered Maintenance (RCM) is without doubt the most effective method to determine your failure management policies, yet it is sometimes seen as an expensive and time consuming endeavor used to produce what some (mistakenly) believe they can get from manufacturer recommendations and other sources. The naysayers see it as a “gold plated” approach to a relatively simple challenge – produce a decent maintenance program. Read more “Do you need Reliability Centered Maintenance (RCM)?”
Asset Management
Reliability Centered Maintenance – Re-engineered (RCM-R®)…… is the world’s leading method for identifying maintenance and other activities required to sustain reliable performance of physical assets. Previously I discussed the various maintenance approaches you can use. This method (RCM-R®) is a structured approach to making those choices. If you want a proactive maintenance program that really works, then Reliability Centered Maintenance is the most thorough approach you can take to get there. Read more “Do you want a PM program that really works”
Asset Management
Organizations and CultureSome organizations are poor or marginal performers, some high, and some truly great. Jim Collins, in “Good to Great” (2001) describes the differences among the latter two. Much of the difference boils down to people and the culture that is fostered within the organization. They foster learning in all forms, including learning from mistakes. They are typically “humble” and accept helpful input from outside, admitting when and where they need to improve. Read more “Corporate counter-dependency”
Asset Management
This article takes about 4 minutes to read. We want to make “evidence based decisions”. Evidence of what is going on can be very useful. Increasingly, we are turning to our computers for that evidence. But do we find it? Or do we end up searching through data looking for that “needle in the haystack”. Do we spend our time making informed decisions, or seeking information from an increasingly large and confusing array of data? Information technology is complex, difficult to manage and a challenge getting people to use it. It can also be either a tremendous corporate asset or a huge drain on resources. Read more “Are you informed, or data distracted?”
Asset Management
Reliability Centered Maintenance is an analytical process used in decision making about how best to manage equipment and system failures, and their consequences. Much of its output comprises maintenance tasks with assigned task frequencies. Those tasks will ultimately be managed in your Computerized Maintenance Management System (CMMS) or Enterprise Asset Management Systems (EAM). You don’t need software to perform RCM analysis, but it is helpful. Read more “Myth busting 29: You can integrate your EAM / CMMS with RCM”
Asset Management
Many of you may be surprised to learn that Reliability Centered Maintenance (RCM) was actually developed with cost cutting in mind! Aircraft maintenance costs were huge. For example the Douglas DC-8-32 aircraft (a four engine narrow body jet liner built from 1958 to 1967 that carried 150 passengers) required upwards of 4,000,000 man hours of maintenance work for only 20,000 hours of flying time! Read more “Myth busting 28: RCM is expensive”
Asset Management
Reliability Centered Maintenance (RCM) was developed in the airline industry to be used for developing maintenance programs for new aircraft. There’s no doubting it – originally RCM was intended for new designs and arguably where the results of failure could be catastrophic, specifically the loss of life and where costs of maintaining had grown ridiculously high. Read more “Myth busting 27: RCM is only for new assets”
